The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
Bank of England Moves Closer to Negative Interest…
The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with…
Mark Cuban Wants an Expiration Date on Stimulus…
U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would…
Mark Cuban Wants an Expiration Date on Stimulus…
U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would…
US Federal Reserve Actively Working on Digital Dollar
The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the…
Inflation Hit Ethiopia Demonetizes Currency To Curb Cash…
The Ethiopian government has unveiled a new set of banknotes that are expected to help authorities in curbing cash hoarding, illegal trade and illicit financial flows. The move is also aimed at boosting the liquidity…
Blockchain Bites: Square’s Patent Posse, Binance’s DeFi Bridge,…
Square is pushing back against crypto patent hogs, Binance is doubling down on DeFi and what’s the story with crypto’s latest attempt at a backdoor public listing. Top shelf Patent posseSquare, the bitcoin-friendly payments company,…
Chinese authorities charge six people over $5.8B PlusToken…
Six of the 109 individuals recent arrested by Chinese authorities in connection with the $5.8 billion crypto Ponzi PlusToken have been charged. The defendants Chen Shaofeng, Luu Jianghua, Lu Jianghua, Lu Qinghai, Jin Xinghai, Wang…
Bitcoin’s plunge, Twitter hack revelation, Pornhub accepts crypto:…
Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week Three reasons why Bitcoin suddenly dipped under $10K —…
Venezuela’s Bitcoin Use Soars Amid Hyperinflation: 3rd on…
Venezuelans have become increasingly interested in cryptocurrency as their country faces dire economic crisis and hyperinflation, a new study by blockchain data analytics firm Chainalysis shows. The firm’s Global Crypto Adoption Index ranks Venezuela third…
Copyright Infringement Case Takes a Twist As Ripple…
A consortium of Australian banks, led by the Reserve Bank of Australia, reportedly brought legal action against Ripple Labs for copyright infringement. The issue relates to PayID, a payment network operated by the Open Payments…
Commentary: Fed Chair Jerome Powell Details Inflation Target…
Federal Reserve Chairman Jerome Powell explains the U.S. central bank’s economic approach, including how it will address its previous 2% inflation goal over the next decade. CoinDesk’s First Mover Editor, Bradley Keoun, has already laid…
First Mover: Monetary Challenges Aren’t Just Virtual as…
Market Moves As Federal Reserve Chair Jerome Powell prepares to speak Thursday at the U.S. central bank’s annual Jackson Hole Economic Symposium in Wyoming, the occasion offers a glimpse of just how dramatically once-slow-moving monetary forces have accelerated…
Hyperinflation and Currency Collapse Fears After Zambian President…
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close…
Bitcoin Stalls, Ethereum 2.0 Outage, IRS Crypto Crackdown:…
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. Top Stories This Week Pro traders unfazed by Bitcoin price stalling at $12,400, data shows…
Central Bank Digital Currencies and Their Role in…
Central bank digital currencies are a digital representation of a country’s fiat currency. They are effectively a government-issued cryptocurrency designed to replace the traditional, physical form of fiat currencies. The term CBDC is broad because…
Former RBI Governor and IMF Chief Economist Sees…
Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the International Monetary Fund (IMF), sees value in bitcoin, cryptocurrencies, and Facebook-backed libra alongside central bank digital currencies. Former RBI…
China Testing Digital Currency in Major Cities, Including…
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics…
US Federal Reserve Reveals Building a Digital Dollar…
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office…
Zephyr Teachout: Take Back the Economy From Economists
When I answer the phone, Zephyr Teachout quickly explains our call might be shorter than planned. Both she and I are at the whim of her two-year-old toddler, who is sleeping and could wake at…
Price Analysis 7/22: BTC, ETH, XRP, BCH, BSV,…
Since March central banks have been printing money aggressively in order to combat the economic downturn brought about by the coronavirus pandemic. Philip Lowe, the governor of the Australian Reserve Bank, has warned against the…
Bank of England Still Debating Creation of Central…
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC…
Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto…
Binance announced the rollout of its crypto debit card, the U.K.’s central bank is thinking hard about a digital currency and the taxman cometh. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the…
Renters Threaten US Real Estate Market, 20 Million…
The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its…
Binance Donates $70k of PPE Equipment to Hospitals…
Binance Charity (BC) has donated $70k worth of personal protective equipment (PPE) to eighteen hospitals and government institutions in the Philippines. The contribution, which includes sanitizer, goggles, masks, gloves, and overalls, is intended to keep…
U.K.’s FCA: Number of British Investors Buying Bitcoin…
The U.K.’s Financial Conduct Authority (FCA) says the number of British people buying Bitcoin doubled in a year. In a research paper, the authorities said 2.6 million people bought cryptocurrencies at some point. In large…
First Mover: Bitcoin Bulls Might Get Negative Rates…
As Federal Reserve Chair Jerome Powell steers U.S. monetary policymakers away from negative interest rates, he risks becoming increasingly isolated among the world’s top central bankers. Officials in the U.K., Europe and New Zealand are reportedly considering…
China Passes Law Protecting Cryptocurrency Inheritance
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have…
Trump Threatens to Close Down Social Media Platforms…
A row with Twitter has provoked U.S. President Donald Trump to threaten to close down social media platforms. This follows Twitter tampering with Trump’s tweets to alert people to fact check his claims. Trump is…
Fund Manager Got NY BitLicense 11 Months After…
Benjamin Lawsky, the former financial regulator who created New York’s BitLicense in 2015, joined New York Digital Investment Group Asset Advisory LLC (NYDIG) nearly a year before the bitcoin fund manager applied for, and received,…
Bank of England Predicts Worst Economic Crash in…
The Bank of England has predicted the worst economic crash since the Great Frost of 1709. Economists are less optimistic than the central bank about the rate of recovery for the UK economy. “Current conditions…
How the COVID-19 Crisis Revived the Digital Dollar…
Lawmakers have used the coronavirus crisis to revive the digital dollar debate. U.S. House and Senate bills proposed in March, which would allow individuals to hold checking accounts directly with the Federal Reserve, have renewed…
Iran to Cut 4 Zeros From Its Currency…
Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will…
The Man Who Forecast a Currency Cold War
Many of the impacts of COVID-19 are easy to grasp. Every day we see the gutting news: the rising body count, the millions of unemployed, the makeshift morgues in public parks. We grieve for those…
Lebanese Currency Collapse: Failed Policies Led to Economic…
Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles…
POSTPONED: Bitcoin 2020 Is Moving to Q3 2020
The Halving (sometimes referred to as “the Halvening”) is the predetermined moment when Bitcoin’s block subsidy gets cut in half. The halving of Bitcoin’s block subsidy occurs every 210,000 blocks (approximately every four years) and is a…