Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)

China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC). Financial Monitoring and Control Anyone remotely familiar with China knows that electronic payments are already a huge part of the country’s socio-economic […]

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US Couldn’t Ban Bitcoin –

Yesterday saw yet another U.S. Senate Banking Committee hearing on regulatory frameworks for digital currencies and blockchain. Libra got another bashing, and Chairman, Mike Crapo, surmised the U.S. “couldn’t succeed” in banning Bitcoin and cryptocurrencies even if it wanted to. Good Start For Bitcoin, Bad For Facebook Crapo introduced the hearing on a positive note for […]

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Weekly Digest: Bitcoin Price, Libra Hearings And More

Yesterday, the world celebrated the 50th anniversary of the first Moon landing. But did the week’s crypto news give any indication of ‘When Moon?’ for Bitcoin? Bitcoin Price: Another Week Of Consolidation So it’s been another week of consolidation for bitcoin price, which is never a bad thing long term. Let’s have a look at […]

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Overview: Facebook Libra Project US Senate Hearing

Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee. As previously covered by Bitconist, lawmakers are worried that Facebook’s Libra cryptocurrency could […]

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Now Treasury Secretary Steven Mnuchin Thinks Bitcoin is a Store of Value

The crypto community is still reacting to US Treasury Secretary Steve Mnuchin’s recent commentary on bitcoin and its brethren. The asset itself reacted strongly with a 6% pump on the day and many have taken the positives from the speech, some claiming that it is ‘wildly bullish’. Mnuchin: Bitcoin as a Store of Value The […]

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President Trump’s Crypto Tweet ‘Wildly Bullish’ For Bitcoin

US President Donald Trump practically lives on Twitter so anything he tweets gets a global audience. Whether positive or negative, his tweets get noticed so a recent comment on bitcoin and cryptocurrencies, while not painting them in the best light, does reconfirm that they are now household names. Trump Not A Bitcoin Fan Presumably, in […]

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Bitcoin, Crypto Assets and Libra Attracting Strict Regulatory Scrutiny

Bankers, government officials, and regulators all over the world are feeling increasingly alarmed by the disruptive capabilities of Bitcoin, cryptocurrencies and blockchain technology. Facebook’s recently launched “cryptocurrency”, Libra, is the latest cause of fury, angst, and fear amongst regulatory bodies. Regulators Concerned Over Crypto Growth Threatened by the growing adoption of Bitcoin and other cryptocurrencies, […]

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Facebook’s Libra Will Primarily Be Used to Buy Bitcoin, Says Fundstrat

There has been no shortage of opining over Facebook’s foray into crypto this week. Most industry heavyweights are in agreement that Libra is about as far from bitcoin as the greenback is, but the new digital offering will have an impact on the crypto scene, and it may not be that bad. So What Do […]

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