Alejandro Grisanti, head of Ecoanalitica, proposed issuing a national USD stablecoin as part of a series of measures to lift currency controls …
currency
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Finance
Circle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats up
by shayaanby shayaanCircle CEO Jeremy Allaire told Reuters in Hong Kong that there is a “tremendous opportunity” for a yuan-backed stablecoin, predicting China could …
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Markets
Bank of Korea nominee backs central bank-led digital currency, sees limited role for stablecoins
by shayaanby shayaanThe nominee, Shin Huyn-song, supported a central bank digital currency model, emphasizing the need for strict anti-money laundering and compliance controls. www.coindesk.com
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Finance
Luke Gromen: Debt will be repaid in less valuable currency, the US needs to cut a trillion dollars to balance the budget, and parallels to the 2008 financial crisis are emerging
by shayaanby shayaanKey takeaways Debt will continue to be repaid, but the value of the currency used will decrease over time. The economic situation …
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Scams
Vitalik Buterin: Hedging on Prediction Markets Could ‘Replace Fiat Currency’
by shayaanby shayaanIn brief Ethereum co-founder Vitalik Buterin has suggested that prediction markets should be designed to prioritize hedging strategies, and that they’re currently …
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Local authorities in Butuo County, located in China’s Sichuan Province, have taken decisive action against virtual currency mining. The county government announced …
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Warren Buffett rarely comments casually on monetary trends, which makes his recent remarks especially significant. When he suggested that owning several currencies …
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Mining
Digital Currency Group Spins Off Crypto Mining Subsidiary Fortitude From Foundry
by shayaanby shayaanDigital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that …
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Markets
President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins
by shayaanby shayaanPresident Trump just signed an executive order to evaluate the creation of a strategic national Bitcoin and crypto stockpile, as well as …
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Regulation
SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors
by shayaanby shayaanThe U.S. Securities and Exchange Commission (SEC) is hitting venture capitalist firm Digital Currency Group (DCG) and a former executive of Genesis …