2019-8-6 23:25 |
The U.S. Federal Reserve is planning to release a real-time payment and settlement service in order to boost the payments infrastructure in the country
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On Feb 5th during a sit down with Stanford University dean, Federal Reserve governor, Lael Brainard was optimistic at the possibility of launching their own digital currency. They are in the process of analyzing a wide array of concerns they could potentially face including policy and legal concerns.
2020-2-6 17:48 | |
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The U. S Federal Reserve seems to have taken the challenge posed by cryptocurrency when it comes to faster payments. It has just announced it will be developing a faster payment system, FedNow, that will enable much faster payment between American Banks.
2019-8-6 20:59 | |
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In a bid to make it possible for financial institutions under its purview to facilitate real-time, round-the-clock payments, the United States Federal Reserve, the nation’s central bank, has announced plans to launch its new payment and settlement service called FedNow, according to a press release on August 5, 2019.
2019-8-6 16:48 | |
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Совет управляющих Федеральной резервной системы США (ФРС) сообщил о том, что американский центробанк намерен разработать собственную платежную и расчетную сеть FedNow Service, которая позволит любому американскому банку предоставлять клиентам круглосуточные и почти мгновенные платежи.
2019-8-6 11:15 | |
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To boost the payments and settlements infrastructure in the US, the Federal Reserve has been tasked with creating a new real-time payments and settlements service dubbed "FedNow."
2019-8-6 23:42 | |
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In a remarkable admission during his testimony to Congress, Federal Reserve Chair Jerome Powell admitted that bitcoin is used as an alternative to gold, conceding that BTC is a store of value. He said before the Senate: "Really, almost no one uses bitcoin for payment, they use it more as an alternative to gold really.
2019-7-12 01:20 | |
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The Reserve Bank of Australia has ruled that Bitcoin and other cryptocurrencies don’t threaten Aussie dollars or other forms of fiat payment. After a review on cryptos, they think it’s “difficult to envisage” an outbreak of Bitcoin users in the country.
2019-6-23 01:23 | |
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As cryptocurrency makes a sheepish entry into the mainstream, every individual, industry, and nation is finally forced to choose sides between the status quo and the disruption. Numerous entities have also put forth their interests in the ecosystem through various gestures including partnerships, payment acceptance and trademark registrations.
2019-6-21 13:15 | |
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By CCN Markets: After ten years, the Reserve Bank of Australia has decided that Bitcoin and other cryptocurrencies don’t pose a threat to Aussie dollars or other forms of fiat payment. The RBA concludes, after reviewing everything it knows about cryptocurrency, that it’s “difficult to envisage” an outbreak of Bitcoin users in the down under.
2019-6-21 10:55 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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Bitcoin fund Adamant Capital is convinced that the bottom of the bear market is in, and true to its name, the firm has laid out an unwavering case for this position with some persuasive hard data and fundamental analysis.
2019-4-20 22:59 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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In a recent tweet uploaded by Bank XRP, a popular XRP and Ripple supporter shared a few videos with representatives of different companies and agencies talking about the payment industry. In the first video, Dave Sapenaro, the First Vice President and COO of the Federal Reserve of St. Louis, said that there are hundreds of […]
2019-1-5 21:25 | |
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The financial authorities of South Africa are now looking for comments on a proposed policy that could enact changes that would offer more regulatory certainty in the country. This happened soon after the South African Reserve Bank (SARB) and the National Treasury decided to overhaul the current system that is being used in the country, […]
2018-12-7 17:41 | |
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Visa CEO Al Kelly doesn’t see cryptocurrencies posing a threat to Visa in the near future, and said that the financial services giant won’t get into the cryptocurrency business until they become more traditional payment instruments, CNBC reported on October 25, 2018.
2018-10-28 01:00 | |
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Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.
2018-10-25 20:58 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Jerome Powell, the chairman of the Federal Reserve, has reportedly argued about the validity of crypto as payment tools. According to the Russian Market, which first reported the statement, the FED chairman said that crypto “almost” didn’t get accepted for payments by merchants.
2018-9-28 19:00 | |
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While Bitcoin critics claim the cryptocurrency is too expensive to use for transactions, data from Bank of America (BoA) shows traditional fiat transfers cost 6000 times as much. $90K Transfer: $45 With A Bank, 75 Cent With Bitcoin BoA, along with other domestic US institutions, makes use of the Federal Reserve’s money transfer network FedWire, which charges them a maximum of 83 cents to process a payment.
2018-9-20 00:00 | |
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The Reserve Bank of India (RBI) ruling may have killed legitimate cryptocurrency businesses in the country, but it seems the regulatory clampdown hasn’t deterred local fraudsters and con artists.
2018-8-2 12:49 | |
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Cryptocurrencies have found an unlikely ally in their quest to become legalized in India, following intense legal battles between companies, consumers, and the Reserve Bank of India. The recommendation to legalize crypto comes from the law commission of India, as they are a vital part of their case against a blanket ban on sports betting.
2018-7-26 08:00 | |
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The Reserve Bank of India [RBI] has appealed for a ban on cryptographic forms of money, as to preclude the banks for conversion of digital currencies into Indian Rupee [INR]. On 3rd July, the Supreme Court of India [SC] held the hearing of Internet and Mobile Association of India, IAMAI vs RBI. According to the reports, […]
2018-7-24 00:15 | |
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Head of the Federal Reserve, Jerome Powell on Wednesday in responding to a US federal Committee said that cryptocurrencies did not pose a “significant risk” to the stability of the current financial system.
2018-7-20 10:06 | |
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The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering.
2018-7-19 14:05 | |
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On Wednesday morning, the U. S. Congress held a hearing regarding cryptocurrencies, hearing mixed opinions from regulators and representatives of the U. S. government. Federal Reserve Chairman: Cryptos Aren’t A Store of Value Or A Payment Tool Jerome Powell, the chairman of the U.
2018-7-19 10:30 | |
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Earth Dollar™, an asset-backed cryptocurrency has announced a strategic partnership with the US Blockchain Association, the Nevada Blockchain Association, and other non-profit blockchain-related organizations worldwide to launch a global cryptocurrency point-of-sale payment system available to both online and offline retailers.
2018-7-13 10:00 | |
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The South African Reserve Bank (SARB), South Africa’s Central Bank, has concluded a multi-bank project to test bank-to-bank payment transfers using the Ethereum based platform, Quorum. Project Khokha is a collaboration of eight South African banks including SARB, Absa, Capitec, Discovery, Investec, FirstRand, Nedbank, and Standard Bank.
2018-7-1 01:00 | |
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Belfrics Group, a Malaysia-based crypto exchange, will resume its operations in India after a six-month hiatus. The company shut down its digital currency exchange earlier this year before the Reserve Bank of India officially announced a ban on banking companies, payment companies, and NBFCs supporting with crypto entities.
2018-6-27 16:35 | |
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The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.
2018-6-26 17:00 | |
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Jerome Powell and the Fed are set to hold rates at 3.5%–3.75% despite Trump pressure, leaving Bitcoin, Ethereum and Solana rangebound as traders focus on Powell’s tone over future cuts. Jerome Powell and Federal Reserve opens 2026 in a holding…
Trump says his next Fed chair will usher in “a lot” of rate cuts, stoking debate over political pressure on the central bank and what looser policy means for crypto. U.S. President Donald Trump said he will soon name his…
Rick Rieder, a senior BlackRock executive overseeing over $2.4 trillion in assets, has become the front-runner to become the next head of the Federal Reserve after impressing Donald Trump in his recent interview. A Polymarket poll places his odds at…
Bitcoin’s price remained in a tight range today, January 22, as investors reacted to new developments on Greenland and to ongoing ETF outflows. Bitcoin (BTC) was trading at $89,400, a few points above this week’s low of $87,200. Still, there…
The latest Fed minutes highlighted divergent views on economic priorities: protecting the labor market vs. staying committed to the 2% inflation target.
Crypto markets largely shrugged while the Fed argued. Historically, crypto prices typically decline during rate increases and rise during rate cuts.
Trump is expected to announce Jerome Powell’s successor before Christmas, accelerating uncertainty around future Federal Reserve policy.