The Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which has affected the asset’s price seeing it drop by $1,000. Powell’s View on Cryptocurrencies InRead More

The chairman of the US Federal Reserve, Jerome Powell, believes that Bitcoin is closer…

The post Bitcoin is a substitute for Gold — not the dollar: Fed Chair appeared first on Coin Journal.

A little less than two years ago, the International Monetary Fund (IMF) published a research paper on the rise of digital money.

The post CBDCs do not threaten Bitcoin — their success might depend on it appeared first on CryptoSlate.

While Bitcoin and other cryptocurrencies are “not backed by anything,” they are still capable of serving as a “substitute for gold,” Jerome Powell, chairman of the United States Federal Reserve, stated today.

The post Bitcoin is much closer to gold than to dollar, says Jerome Powell appeared first on CryptoSlate.

The Federal Reserve Chair, Jerome Powell, has criticized cryptocurrencies in a recent panel discussion, stating that the government’s focus remains on...

Ripple Labs has released a whitepaper entitled ‘The Future of CBDCs’. The whitepaper addresses central bank digital currencies (CBDCs) and explains...

Ripple has recently released a whitepaper on the future of CBDCs according to which XRP is a neutral bridge currency for CBDCs.

Jerome Powell reiterates his opinion about Bitcoin as a gold substitute, but a sell-off accompanies his other criticisms.

In its recently launched white paper, leading blockchain company, Ripple announced that its native cryptocurrency XRP could bridge the existing gap between various central bank digital currencies (CBDCs). Moreover, Ripple pitches XRP to move value for different CBDCS in a cost-effective manner. To this, the US Securities and Exchange Commission filed a lawsuit against Ripple …

The company has released a whitepaper on the future of central bank digital currencies (CBDCs).

It has been said that prediction is very difficult, especially if it’s about the future. The unprecedented events of 2020 demonstrated quite how...

Blockchain security firm CipherTrace has provided an analysis on the proposed Financial Action Task Force (FATF) guidance for digital assets and virtual asset...