The Chinese government is not seeking to replace existing fiat currencies with its own digital currency, according to a former governor of the People’s Bank of China, or PBoC. Zhou Xiaochuan, the president of the […]
While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000. Over the past seven days, the […]
The giant social media continues to stir controversy even when it’s trying desperately to avoid it. Just a week after Facebook renamed Libra to Diem (meaning “day” in Latin), the company could be facing a […]
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. […]
Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021. Finance Times cited three people working on the project claiming that Libra’s long-awaited launch […]
A sell-off in the technology stocks this week didn’t spill itself onto the Bitcoin market. That was surprising, particularly because tech equities took up roughly 30 percent of the S&P 500 index. Meanwhile, the US […]
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