In the News

Fed Chair Tells Hill No Plans for U.S. Dollar Digital Currency 11/20/2019 Bloomberg Law Federal Reserve Chairman Jerome Powell doesn’t see a central bank digital currency adding to the U.S. payments landscape in the same way it might for other countries’ needs, according to a letter to two House lawmakers. “The characteristics that make the development of central bank digital… Read more »

Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman 11/20/2019 Yahoo Finance Federal Reserve Chairman Jerome Powell has said his institution is looking into the possibility of developing a central bank digital currency (CBDC). In a Nov. 19 letter responding to questions from lawmakers Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.) in late… Read more »

The Fed Is Analyzing A Central Bank Digital Currency, But Would The US Benefit As Much As Others? 1/20/2019 Bitcoin Exchange Guide The U.S. Federal Reserve System (FED) is analyzing the possibility to issue a digital dollar. Although there is nothing confirmed, Jerome Powell, the Chairman of the FED, explained that they are exploring whether it makes sense to issue a Central Bank… Read more »

Libra’s regulatory hurdles appear taller after House hearing Roll Call 11/05/19 Facebook CEO Mark Zuckerberg provided only a few additional details about the company’s proposed cryptocurrency to a House Financial Services Committee on Oct. 23 that generally didn’t like what it heard. Zuckerberg said Facebook wouldn’t proceed with the proposed Libra until it had satisfied… Read more »

IBM Report: Central Bank Digital Currencies Getting Closer to Reality Blockonomi  11/05/19 Multinational tech powerhouse IBM has co-published a new report that hails central bank digital currencies, or CBDCs, as all but inevitable in the years ahead. Written in collaboration with the Official Monetary and Financial Institutions Forum (OMFIF), the report, which was… Read more »

Markers Honor 12 Men Falsely Convicted Of Murder In 1919 Racial Uprising KUAR 11/05/19 Twelve African-American men wrongly accused of murder during the 1919 Elaine Massacre and later exonerated were inducted into the Arkansas Civil Rights Heritage Trail. Each man has a trail marker dedicated in his honor. U.S. Rep. French Hill, the Chancellor of the University of Arkansas at Little… Read more »

Possible migrant site minutes from former internment camp Valliant News  11/03/19 LITTLE ROCK, Ark. (AP) – Nearly 75 years after federal officials shuttered a Japanese-American internment camp in , Arkansas, the Trump administration is examining a site about 2 miles away as a potential temporary shelter for immigrant children. The Department of Health and Human Services… Read more »

1919's Elaine 12 to get heritage trail markers ADG 11/02/19 The Elaine 12 will become a permanent part of the Arkansas Civil Rights Heritage Trail on Tuesday. The Elaine 12 were a group of black sharecroppers in Phillips County who were wrongfully convicted of murder and sentenced to death by all-white juries after the Elaine Massacre of 1919. Eventually, all of the men were… Read more »

State's 4 House members all 'no' on impeachment inquiry vote ADG 11/01/19 WASHINGTON -- The four Arkansas Republicans serving in the U.S. House of Representatives voted Thursday to oppose House Democrats' impeachment inquiry, with the state's delegation portraying the process, up to now, as a sham. The deck, they maintained, has been stacked against President Donald Trump and… Read more »

World ‘sleepwalking’ toward second financial crisis, warns ex-Bank of England head Micky 10/31/19 The former head of the Bank of England believes that the global financial system is heading towards a second devastating economic crisis – the same kind of crisis that inspired Satoshi Nakamoto to develop Bitcoin. Global financial crisis ahead Speaking at the annual meeting of… Read more »