A Fed board member has revealed that the central bank is working over the past few years for CBDC DLTs and how they would fit in the U.S. economic structure without disturbing the financial stability.
Top delegates from the financial world will be meeting on Wednesday, August 19, to discuss a viable design infrastructure for the Digital Pound and see how it fits in the country’s financial ecosystem.
The Bitcoin mining hashrate has surged despite the Bitcoin halving event in mid-May 2020 which reduced the mining rewards from 12.5 BTC to 6.25 BTC.
The DoJ has seized nearly 150 such suspicious accounts which had laundered money by running donation campaigns through social media.
The cryptocurrency market has had yet another interesting week, characterized by several price swings and trading volume modifications.
The DeFi market surge has pushed the user activity to surge on the Ethereum blockchain which has ultimately pushed the ETH gas fee and hashrate higher.
MicroStrategy said that the BTC purchase comes as part of its strategy to hedge inflation risks and thus maintain its continued growth going ahead.
As Facebook looks to expand it footprint in the FinTech space and across all its platforms, the company plans to consolidate its payments business under one umbrella.
The surge in the price of the LINK tokens has also contributed to a massive surge in the DeFi market.
Goldman’s digital assets chief that a fiat-pegged stable coin will allow real-time settlement for cross-border payments making the overall process much more efficient.