Digital Currency

While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise

Is a cash-based society sustainable in the age of coronavirus? Hoarders say yes, health experts say maybe and the visionaries say no: COVID-19 is the catalyst for systemic payments change. This wrecking ball of a virus stands to change the way consumers, and businesses, think about their use of physical currency. In many countries, cash …

While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise Read More »

‘What Bitcoin Did’ – Scanning the Hottest Cryptocurrency Keywords and Google Searches

</header> <strong>For years now the term “bitcoin” has managed to capture a tight relationship with specific trends and keywords online. News.Bitcoin.com decided to investigate the specific keywords, questions, comparisons, and prepositions that are often associated with the digital currency when people are searching for answers.</strong> Also read: US Real Estate in Jeopardy – Analysts Predict …

‘What Bitcoin Did’ – Scanning the Hottest Cryptocurrency Keywords and Google Searches Read More »

China Is Drafting Laws for the Circulation of National Digital Currency

</header> <strong>Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what the digital yuan will be like.</strong> Also read: 2x Bitcoin — Wanna Double …

China Is Drafting Laws for the Circulation of National Digital Currency Read More »

Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

</header> <strong>In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia.</strong> Also read: Bitcoin Legal in India — Exchanges Resume …

Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures Read More »

Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’

</header> <strong>During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of …

Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’ Read More »

The Pandemic Gives Digital Currencies Another Chance to Shine

Marcelo M. Prates is a lawyer at the Central Bank of Brazil and holds a doctorate from Duke University School of Law. The views expressed here are his own and do not reflect the position or policy of any of the institutions with which he is affiliated. In times of crisis and radical uncertainty, the …

The Pandemic Gives Digital Currencies Another Chance to Shine Read More »

Minting Basic Income – US Lawmaker Asks Treasury to Issue Two $1 Trillion Coins With No Debt

</header> <strong>The U.S. is now facing the onslaught from the coronavirus outbreak. During the last two weeks, bureaucrats have shut down multiple industries while the Federal Reserve has injected trillions into the hands of private banks. Bipartisan members of Congress have been penning a 2020 stimulus plan, as the government may send $1-2K to every …

Minting Basic Income – US Lawmaker Asks Treasury to Issue Two $1 Trillion Coins With No Debt Read More »

IMF Weighs the Pros and Cons of a Central Bank Digital Currency

In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC). Zhang pointed toward greater efficiency and lower costs associated with a CBDC. “In some countries, the cost of managing cash can be very …

IMF Weighs the Pros and Cons of a Central Bank Digital Currency Read More »

Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors

</header> <strong>While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term holders.” Further, an analyst at Unchained Capital agreed with Coin Metrics’ findings …

Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors Read More »

Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare

</header> <strong>In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro has also shut down the national banking system and regional authorities banned …

Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare Read More »