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The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow
8.1.2021
From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current...
The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases
5.1.2021
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above...
What Might Change The Currency Composition of Central Banks’ Reserve Holdings?
4.1.2021
Alina Iancu, Neil Meads, and Yiqun Wu work at the International Monetary Fund (IMF)’s Strategy, Policy, and Review Department, while Martin Mühleisen is the former director of this department.
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The currencies that are being held by central banks as foreign exchange reserves have remained...
Central Banks Gone Wild! Feat. Bill Barhydt
26.12.2020
The founder of mobile crypto bank Abra discusses the massive expansion of global central bank balance sheets
Snowden Puzzled by Bitcoin’s Lack of Scaling and Privacy, Says Devs ‘Had Years to Do It’
25.12.2020
Just recently, the film producer and well known Youtuber, Naomi Brockwell, sat down with Edward Snowden and the two discussed a number of subjects including privacy and bitcoin. When Snowden talked about bitcoin, he delved into the protocol’s lack of progressive scaling and privacy....
IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves
18.12.2020
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition...
As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains
10.12.2020
Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank...
Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second
5.12.2020
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes...
Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor
4.12.2020
A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor...
Crypto Proves Central Banks Are Obsolete, Says UIC Barcelona Professor
2.12.2020
A Spanish economics professor said that the popularity of crypto proves that central banks have become “obsolete” in the modern world.
The comments were made by professor Pablo Agnese, a tenured lecturer in the Department of Economy and Business Organization at the Universitat Internacional...
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
29.11.2020
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
29.11.2020
The joint report is among the most promising CBDC studies conducted by central bank authorities
Christine Lagarde: ‘The European Central Bank Cannot Go Bankrupt or Run Out of Money’
24.11.2020
In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because...
Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations
24.11.2020
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance...
Ripple seeks director to engage with central banks on digital currency
23.11.2020
Ripple is looking to define its strategy regarding central bank digital currencies
IMF lawyers argue that central banks need reform before they can issue CBDCs
20.11.2020
New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies
Hedge Fund Manager Brian Kelly Says Increasing Institutional Interest in Bitcoin Down to its Fixed Supply
14.11.2020
Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency...
From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure
13.11.2020
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub
Central Banks’ Renewed Gold Hunger Shows Need For A Hedge
11.11.2020
A new survey suggested that central banks may be on the hunt for a hedge – a search that may lead some directly to digital gold, bitcoin (BTC), albeit via the central banking sector’s default asset of choice: gold.
In a new report focusing on the status of gold reserves in central banks conducted...
‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies
9.11.2020
Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin...