Bitcoin price continues to remain equable in its chosen range of between $29,000 to $30,000. Right now, the cryptocurrency is changing hands for $29,243.94, unchanged from its price a day ago. The world’s biggest cryptocurrency by market capitalization shrugged off positive data about an increase in US Gross Domestic Product (GDP) – news that should… Read More Notes 7/28: Bitcoin Price, Tether and Bitcoin, and Palau Stablecoin
Are CBDCs necessary in the United States? … Read More To CBDC or Not To CBDC?
Central bank digital currencies (CBDC) are becoming popular among countries. According to the Atlantic Council’s CBDC tracker, 105 countries, representing 95 percent of the world’s GDP, are developing digital versions of their national currency. Eighty-one countries were exploring the use of CBDCs in their economy last August. CBDC development accelerated in the aftermath of Russia’s… Read More Notes 10/4: CBDC Development, An Opening for Crypto?
There goes the dream of decentralization. Bitcoin enthusiasts have railed against central banks since the cryptocurrency was introduced to the world in the aftermath of a global financial crisis, widely blamed on central bank policymaking. But digital currencies issued by central banks, also known as Central Bank Digital Currencies (CBDCs), are at the center of… Read More CBDCs Will Drive The Future Monetary System: BIS Report