The Wyoming effort also offers a window into some of the forces vying to shape the future of digital money: namely, big retailers and veterans of the commercial banking industry. “We are looking for alternative currencies to compete with the U.S. dollar,” said Zhou Xiaomeng of American CryptoFed, a group […]
Currency
Switzerland tests digital currency payments with top investment banks
/cloudfront-us-east-2.images.arcpublishing.com/reuters/YIF3GEOEKZOC7MUWR23MVR5UN4.jpg "Switzerland tests digital currency payments with top investment banks")
A general view of the building of the Swiss National Bank (SNB) in Zurich, Switzerland December 16, 2021. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, Jan 13 (Reuters) – Switzerland’s central bank has successfully used digital currency to settle transactions involving five commercial banks, the […]
Narendra Modi’s Tweet on Adopting Bitcoin as Currency Is Fake
Indian Prime Minister Narendra Modi presents his national statement on day two of COP26.Photo: Alastair Grant – Pool (Getty Images) Early on Sunday, a tweet appeared on Indian Prime Minister Narendra Modi’s account announcing, out of the blue, that the country had adopted bitcoin as legal tender and would be […]
A viable central bank digital currency would have to be ‘the law’
The year after Satoshi Nakamoto put out a white paper on a concept for a new peer-to-peer currency called bitcoin (BTC-USD), Jonathan Dharmapalan realized that digital currencies are the future. The entrepreneur, a trained electrical engineer, spotted companies involved in electronic money flourishing all over, as people learned to transact […]
The SEC just approved the closest thing to a US bitcoin ETF you can buy, for now | Currency News | Financial and Business News
Chesnot/Getty Images The US SEC has approved an ETF that tracks stocks with significant exposure to bitcoin. These firms hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities. The actively-managed fund, Volt Crypto Industry Revolution and Tech ETF, […]
Bitcoin and ether could hit record highs by year-end if the SEC approves a crypto ETF, Fundstrat says | Currency News | Financial and Business News
Jordan Mansfield /Getty Images Bitcoin and ether could still hit record highs by year-end despite their recent sell-off, Fundstrat said in a Wednesday note. One catalyst that could fuel the surge higher is the SEC approving a bitcoin ETF. “Any near-term selling is an opportunity to buy as we anticipate […]
Jamie Dimon says ‘you’re a fool’ if you borrow to buy bitcoin, and that he wouldn’t care if its price increased 10 times | Currency News | Financial and Business News
Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. Scott Olson/Getty Images “I think if you borrow money to buy bitcoin, you’re a fool,” Jamie Dimon told Times of India. Dimon said “people waste too much time and breath” on the digital asset, which has seen a 50% gain […]
A hamster has been trading cryptocurrencies in a cage rigged to automatically buy and sell tokens since June – and it’s currently outperforming the S&P 500 | Currency News | Financial and Business News
The “Goxx Box.” Twitter: @Mrgoxx A hamster named Mr. Goxx has been trading cryptocurrencies in a rigged box since June. The hamster determines which crypto to buy or sell by running on a wheel and strolling through one of two tunnels. Since it started trading on June […]