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Tag: central bank digital currencies

Bitcoin Is ‘Volatile’, Not an Inflation Hedge, and Is ‘Impractical’, Says Bank of America Analyst

Bank of America analyst Francisco Blanch has slammed the flagship cryptocurrency bitcoin using various criteria in a review of the bull argument for BTC. Per Blanch, bitcoin has many flaws including its volatility and practicality. Bitcoin’s supply is capped at 21 million which protects it from quantitative easing and other monetary policies that inflate money […]

Test Your Crypto Knowledge With BIC’s Weekly Quiz — March 20

Take BeInCrypto’s quiz to test your knowledge of the crypto space and to stay on top of what’s hot right now.

The post Test Your Crypto Knowledge With BIC’s Weekly Quiz — March 20 appeared first on BeInCrypto.

Africa’s solarized digitalization agenda in the time of coronavirus

The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.

Analysis: Proposed FATF Guidance for Virtual Assets and VASPs

On March 19, 2021, global anti-money laundering watchdog the Financial Action Task Force (FATF) released a public consultation for its updated Draft Guidance...

CBDCs to coexist with cash payments, according to FED Chairman Powell

The Committee on Payments and Market Infrastructures conference was held in Basel, Switzerland. One of the main guests was the Chairman of the U.S. Federal Reserve, Jerome Powell. Referring to a report created by the institution he chairs and other banking institutions, Powell said: A recent report from the Bank for International Settlements (BIS) and […]

Where’s My Bitcoin? The Rise of CBDCs…

The world’s biggest economies develop central bank digital currencies (CBDCs)…

Deutsche Bank report: “Bitcoin is too big to ignore”

Now that the crypto market is worth over $1.8 trillion, Deutsche Bank stated that Bitcoin is “too big to ignore,” according to a report.

The post Deutsche Bank report: “Bitcoin is too big to ignore” appeared first on CryptoSlate.

Treasury Yields, Interest Rates, $1.9T Stimulus–What Does it Mean for BTC?

As changes in US monetary policy continue, more institutional investors appear to be stacking BTC.

Bank of America Considers Decentralized Finance as a Radical Change to Mainstream Capital Markets

Bank of America Considers Decentralized Finance as a Radical Change to Mainstream Capital Markets

According to the latest announcement, Bank of America considers decentralized finance (DeFi) potentially more disruptive than Bitcoin.  Although Bitcoin is the most popular cryptocurrency, Bank of America believes that Ethereum Blockchain is more prominent and has more advanced features, such as flexibility in its hosting of DeFi, than the first-ever cryptocurrency, Bitcoin.  DeFi refers to … Read More

The post Bank of America Considers Decentralized Finance as a Radical Change to Mainstream Capital Markets first appeared on Blockchain Consultants.

Digital Dollar Won’t Eliminate Physical Cash: Fed Reserve Chairman 

United States Federal Reserve Chairman, Jerome Powell says Central bank digital currencies (CBDCs) will need to coexist with cash instead of replacing them. Powell made [...]

CBDCs Need to Coexist With Cash According to Jerome Powell

Fractional-Reserve Banking System

The United States Federal Reserve Chairman, Jerome Powell, referred to Central Bank Digital Currencies (CBD) by stating they would not replace cash but complement it. The remarks took place at a conference hosted by the Committee on Payments and Market Infrastructures taking in Basel, Switzerland. During the conference, Powell said, “Relevant to today’s topic, one [...]

The post CBDCs Need to Coexist With Cash According to Jerome Powell appeared first on Blockonomi.

US Federal Reserve says digital currencies can ‘coexist’ with cash

Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet Bloomberg on Thursday.

The post US Federal Reserve says digital currencies can ‘coexist’ with cash appeared first on CryptoSlate.

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