Archive for May 2022
DCash Shows Why Fedcoin Could Be A Disaster
The United States is seriously planning to issue FedCoin, a CBDC (Central Bank Digital Currency), following the lead of the Chinese government and others around the world. I have previously spelled out why we don’t need Fedcoin, basically because the currency of the United States is already largely digital. In this article I argue that not only…
Read MoreBankers Issue ‘Seismic’ Warning: Bitcoin, Ethereum, BNB, Cardano And XRP Could Replace The Dollar In Just Five Years As Crypto Market Price Adds $1 Trillion
Bitcoin and cryptocurrencies have roared back over the last month after a China and Elon Musk-induced sell-off. The bitcoin price last night broke above $50,000 per bitcoin for the first time since May. Meanwhile, double-digit gains among other major cryptocurrencies—including ethereum, Binance’s BNB, cardano, and Ripple’s XRP—helped the combined crypto market value climb to over $2.1 trillion, up from…
Read MoreBiden takes big step toward government-backed digital currency
The Biden administration is throwing its support behind further study and development of what would be known as a U.S. Central Bank Digital Currency. A U.S. digital currency could be on the horizon. The Biden administration is putting its support behind the research and development of a “U.S. Central Bank Digital Currency,” or CBDC. The move is part of…
Read MoreChina’s Digital Yuan Reported To Be Ultimate Financial Censorship Tool
In a new report released yesterday by the Center for a New American Security (CNAS), evidence of a 2018 PowerPoint presentation in China indicates what many may already have suspected – central bank digital currency is being designed to allow for surveillance of all financial transactions throughout its society. “By eliminating some of the previous…
Read MoreFederal Reserve explores benefits and risks of potential US Central Bank Digital Currency while the Biden Administration issues Executive Order for US policy on digital assets
In January of this year, the Board of Governors of the Federal Reserve System issued a research and analysis paper titled Money and Payments: The US Dollar in the Age of Digital Transformation, in which the Fed explores potential benefits and risks of a US central bank digital currency (CBDC). The Fed defines a CBDC for purposes…
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