In the News

Fed Reserve Set to Evaluate Digital Dollar Although Benefits Are Still Unclear According to the Chairman 11/22/2019 Tunf The chairman of Federal Reserve, Jerome Powell said his institution is checking into the possibility of developing a central bank digital currency (CBDC). In a response letter written in Nov. 19 letter regarding questions from lawmakers Rep. French Hill… Read more »

Federal Reserve Examining Creation of its Own Cryptocurrency 11/22/2019 Market Beat Remember back in February 2018, when Venezuela launched the Petro? When even the United States—which under President Trump has become remarkably friendly to investors of nearly any stripe—declared it part of an effort to “circumvent US sanctions by issuing a digital currency,” you know it's not a… Read more »

Federal Reserve Chairman Confirms that the United States is Considering the Launch of Digital Currency 11/22/2019 Investors' Daily Tribune Jerome Powell, the Chairman of the United States Federal Reserve has confirmed that the government is studying the prospects of launching its own Central Bank Digital Currency (CBDC). The announcement has come at a time when a number of nations… Read more »

House Republicans Fight Back Against GOP Decline in Suburbs 11/21/19 The Washington Free Beacon House Republicans have launched task forces aimed at regaining the party's eroding support in the suburbs with new policies that directly cater to the needs of suburban voters. Rep. Ann Wagner (R., Mo.), whose suburban St. Louis district narrowly elected her to a fourth term in 2018,… Read more »

Central bank digital currency being weighed up by the US Federal Reserve 11/21/19 FX Street Chairman of the Federal Reserve Board, Jerome Powell, was questioned by US representatives French Hill and Bill Fosters, who were asking the Fed chair on the possibility of the central bank launching a digital currency. He notes that at present it is not developing a CBDC, however, it… Read more »

Top Crypto VC: China Will Launch National Digital Asset in 2020 11/21/19 Blockonomi  Since launching its digital currency initiative over five years ago, the People’s Bank of China (PBoC) — China’s central bank — has kept its mouth shut on the matter. The outside world only knew of China’s intentions due to leaks and off-hand comments made here and there. Hence, there has… Read more »

Powell Says Fed Has No Plans to Create Digital Currency 11/21/2019 The Wall Street Journal  Federal Reserve Chairman Jerome Powell said in a letter to a congressman on Tuesday that the U.S. central bank doesn’t currently have plans to launch a digital currency and sees the adoption of something like it difficult in the U.S. Mr. Powell’s comments come from a letter to Rep.… Read more »

Group of House Republicans restarts Suburban Caucus 11/21/2019 ABC4 WASHINGTON (NEXSTAR) – A group of House Republicans announced their plan Wednesday to improve the quality of life for the bulk of the people they represent, those who live in suburban areas. This group wants to take what’s working at the local and state levels and implement them at the federal level. “Going… Read more »

Impeachment React in Markets? 11/21/2019 Politico Impeachment react? — The Dow Jones took a bit of a dip as President Donald Trump’s top Europe envoy Gordon Sondland told House impeachment investigators that there was clearly a quid pro quo between Ukraine aid and an investigation into Joe Biden and his family. Some traders and money managers lit up MM’s email box to suggest this… Read more »

United States Examines Launching Digital Currency, Confirms Federal Reserve Chairman 11/21/2019 Beincrypto United States Federal Reserve Chairman Jerome Powell has confirmed that the nation is looking into launching its own Central Bank Digital Currency (CBDC). The news comes at a time when many other nations have also hinted at launching their own national digital currencies in a… Read more »