Search Results for "reserve"
US Congressmen Ask Federal Reserve to Create National Digital Currency
Two members of the United States House of Representatives Financial Services Committee recently asked the Federal Reserve if it has any plans to create a U.S. dollar digital currency.
The Reserve Bank of India Has its Eyes on CBDC
The Governor of the Reserve Bank of India says the monetary authority is “very much in the game” to launch a CBDC.
Why Bitcoin Has Threatened US Dollar Dominance and Federal Reserve
How Bitcoin has threatened US dollar dominance and Federal Reserve power, and has been reducing the role of the government in issuing money.
Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags
Federal Reserve Board Governor Lael Brainaird announced that the United States Federal Reserve is currently experimenting with blockchain and DLT in pursuit of its central bank digital currency (CBDC) or digital dollar.
Former Canadian Prime Minister Sees Bitcoin As A Potential Future Reserve Currency
Stephen Harper, the former prime minister of Canada, has named Bitcoin as a possible reserve currency in the future.
Bitcoin Plummets as Fed Reserve Chair Jerome Powell Confirms Inflation Strategy Will Not Change
Federal Reserve chairman Jerome Powell has confirmed that the central bank’s monetary strategy regarding inflation will not change.
Goldman Sachs Warns Inflation Threatens US Dollar’s Role as Global Reserve Currency
Goldman Sachs strategists say risks to the U.S dollar’s reserve status include increasing pandemic and political uncertainty and rising debt.
Central Banks Doubt Cryptocurrency Limited Role in Reserve Operations
A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.
Federal Reserve Chair Powell Affirms There Is Ongoing Research for a Digital Dollar
The Federal Reserve Bank is involved in a large-scale research and development regarding digital dollar, says Chairman Jerome Powell.
Reuters: Federal Reserve Announces Job Cuts
The Federal Reserve plans to eliminate 300 positions by the end of this year, marking its first notable personnel reduction since 2010. The majority of the cuts will target support roles, including technology positions. Despite the resilience of the U.S. economy, the decision is not unprecedented.
US Fed denies Custodia Bank membership over crypto concerns
The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member.
Two Major Events Will Influence the Bitcoin Price in the Next 24 Hours
Bitcoin and cryptocurrency traders face a moment of pause as they await two major events that will either send the BTC price soaring or cause a major bearish correction.