Federal Reserve Bank reveals details of digital dollar research
The President and CEO of the Federal Reserve Bank of Cleveland has revealed details of the Fed’s ongoing research into a potential digital dollar. Speaking in a keynote address on …
Debt without consent: The tragedy of monopolized fiat money
As an anarcho-capitalist, I hold that property rights are sacred and that violence is acceptable only when our natural rights, as embedded and enshrined in the Constitution and Bill of …
Fed expects near 0% interest rates for years, potentially boosting BTC’s value proposition
The U.S. Federal Reserve’s game plan going forward includes short-term interest levels between 0% and 0.25%, as decided by Fed brass in a Sept. 15 and 16 gathering. The independent …
Bitcoin and cryptocurrency are no hedge for inflation
The U.S. Federal Reserve chairman, Jerome Powell, recently announced that the Fed will now shift its focus from targeting inflation to closing “unemployment shortfalls.” The Fed, in essence, is doubling-down …
MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use
The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha …
Bitcoin, USD velocity both crash — but BTC price reacted differently
There are more United States dollars than ever, but the rate at which they move around the economy has never been so low. That was according to the Federal Reserve’s …
US Federal Reserve now owns over 20,000 different financial assets
Amid a year that has been anything but normal, the United States’ Federal Reserve, or the Fed, has collected an impressive number of financial assets. “The Fed now owns a …
Jerome Powell throws US dollar under a bus in Jackson Hole
The Economic Policy Symposium hosted annually by the Federal Reserve Bank of Kansas City — an event attended by finance ministers, central bank managers and academics, among others — was …
On quantitative easing, crypto and modern monetary theory
With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they …
Ripple’s Garlinghouse forecasts further loss of U.S. dollar value
After what has been a crazy year in almost every sense of the word, businesses are left wondering how to proceed, Ripple Labs CEO Brad Garlinghouse said. “The pandemic is …