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The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the … Read more
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience has forced critics as well as institutional investors to alter their views … Read more
With the US dollar facing headwinds, notably the coronavirus pandemic and an upcoming presidential election that could be among the most contentious in recent memory, gold has taken over as the preferred store of value for many investors. The price of the yellow metal has soared by more than 30% this year and recently surpassed … Read more
The crypto market as a whole has made tremendous strides monetarily, even though Bitcoin’s price has so far failed to meet the lofty expectations. Go to Source Powered by WPeMatico
Kraken CEO Jesse Powell told Bloomberg in a recent interview that Bitcoin would surpass gold as a store of value in the long-term. Go to Source Powered by WPeMatico
Although not designed as an investment vehicle, Bitcoin’s rise in value has made it the best currency investment you could have made in the last 1,200 years. Go to Source Powered by WPeMatico
Regulations can help not only legitimize stablecoins but also increase their global popularity, as per many experts Go to Source Powered by WPeMatico
In recent months, there have been numerous debates regarding CBDCs. While most countries will not issue an asset yet, the Marshall Islands are moving ahead with their original plan of action. It is interesting to see this small nation explore the CBDC option. A Sovereign CBDC is Coming For the Republic of the Marshall Islands, … Read more
The U.S. Office of the Director of National Intelligence has admitted that cryptocurrency could undermine the U.S. dollar as the world’s reserve currency. The head of the U.S. Intelligence Community is seeking researchers to detail the impact of that status loss on the U.S., its economy, and national security. Also read: Fed Chair Powell Reveals … Read more
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot of ‘Benjamins’ all over the world” and emphasized the strength of the currency … Read more