Digital Currencies

Federal Reserve - Digital Currencies

Fed’s Brainard sees case for US central bank digital currency

Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a US central bank digital currency could play in bolstering financial stability as the use of st...

Platform News: Bitcoin and the rise of cryptocurrencies

Teenage bitcoin throws an interest rate tantrum

Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset – but watch out for the teenage tantrums.

Chinese Flag

China’s digital yuan wallets swell but usage lags

China’s digital currency has debuted on app stores with fanfare, with online wallets for the electronic yuan seeing mass adoption in the two weeks since a public launch, yet ...

Crypto Coins

Digital pound could hit financial stability and erode privacy

A digital pound used by consumers could harm financial stability, raise the cost of credit and erode privacy, though a version for wholesale use in the financial sector demands gre...

Crypto Coins

Peru’s central bank joins global push to develop a digital currency

Peru is joining the global push to develop a central bank digital currency (CBDC), central bank President Julio Velarde said on Tuesday, as policymakers worldwide seek to keep pace...

Russian President Putin

Putin says crypto currencies too unstable to be used for oil contracts

Russian President Vladimir Putin said that crypto currencies were too unstable to be used to settle oil contracts but that they still deserved a place as a means of payment.

Digital currencies

G7 finance officials endorse principles for central bank digital currencies

G7 finance officials have endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound...

Platform News: Coinbase

Coinbase says attentive to regulatory concerns after profit beat

US cryptocurrency exchange Coinbase Global Inc has beaten market estimates for second-quarter profit boosted by a near 38% jump in trading volumes on a sequential basis, but foreca...

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

CoinShare data: Bitcoin and cryptos post 5th straight week of outflows

Bitcoin investment products and funds registered outflows for a fifth consecutive week, as investor sentiment remained cautious in the midst of increased global regulatory scrutiny...

US Treasury Secretary Janet Yellen

Yellen urges quick US adoption of stablecoin rules

Treasury Secretary Janet Yellen has told regulators that the US government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital...

Crypto Coins

Powell says a Fed digital currency could undercut need for cryptocurrencies

Federal Reserve Chair Jerome Powell on Wednesday said one of the stronger arguments for the US central bank to set up a digital currency is that it could undercut the need for priv...

Platform News: Binance

Britain bans Binance’s UK ops in latest cryptocurrency crackdown

The UK’s financial regulator has said Binance, one of the world’s most prominent cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to...

Bitcoin China

China’s cryptocurrency-mining crackdown spreads to Sichuan

China’s crackdown on cryptocurrency “mining” has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in...

Bitcoin China

China blocks several cryptocurrency-related social media accounts

A slew of crypto-related accounts in China’s Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining.

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

Elon Musk’s trolling puts brakes on bitcoin’s rebound

Bitcoin slipped 4% on Friday after SpaceX and Tesla CEO Elon Musk was at it again – this time firing off a few tweets that appeared to lament a breakup with the cryptocurrenc...