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…

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…

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…

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…

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…

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…

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 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…

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,…

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…

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…

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…