Financial Services

Bitcoin Investor: Only a Matter of Time Before the Federal Reserve Goes Crypto BlockOnomi 10/17/19 If you’ve followed the cryptocurrency news cycle at all over the past few months, you likely have noticed the trend of central bank digital currencies (CBDCs). With the launch of Facebook’s Libra, which is slated to become a global digital asset used by hundreds of millions of… Read more »

United States Federal Reserve contemplates creating its own token after Libra hiccup Tron Weekly Journal  10/17/19 Libra’s far-reaching effects are now one of the causes for the United States Federal Reserve to take new steps in dealing with the cryptocurrency world, more specifically by launching its own token. The Federal Reserve has been mulling over the idea to create a… Read more »

WASHINGTON, D.C. —Today, the House Financial Services Committee selected Congressmen French Hill (AR-02), to serve as the Ranking Member of the Subcommittee on National Security, International Development, and Monetary Policy. In this capacity, Congressman Hill will serve as the lead Republican on the subcommittee. “Since first arriving into office five years ago, I’ve worked to… Read more »

Former Chairman of the CFTC Pushes for New US Dollar As Race for Digital Currency Heats Up The Daily Hodl 10/16/19 In an op-ed published by the Wall Street Journal, J. Christopher Giancarlo, former Chair of the Commodity Futures Trading Commission (CFTC), and Daniel Gorfine, former Chief Innovation Officer of the CFTC, urge the US government to consider a digital dollar. The… Read more »

Fear of Facebook spurs momentum for Fed to build its own digital currency Politico 10/16/19 Lawmakers and Federal Reserve officials are so concerned about Facebook’s plans to launch a new digital currency that they’re contemplating a novel response — having the central bank create a competitor. Momentum is building for an idea that was once considered outlandish — a U.S.… Read more »

Threatened by Libra, US Central Bankers Reconsider a ‘FedCoin’ BeInCrypto  10/15/19 Facebook’s proposed digital currency, Libra, appears to have forced the US Federal Reserve to reconsider the idea of issuing its own purely digital means of payment. The issue is expected to be a hot topic at meetings of the International Monetary Fund and World Bank this week. According to… Read more »

SAVE10 financial initiative kicks off in Little Rock Talk Business & Politics 10/10/19 A new statewide initiative with the goal of urging women to bolster their savings to stave off debt and invest for retirement was launched Thursday (Oct. 10) at the Little Rock corporate offices of Simmons Bank. The women’s only movement, called SAVE10, is the brainchild of co-founders… Read more »

Ripple CEO Warns U.S. Dollar at Risk of Being Displaced by China Community College Network 10/09/19 As tensions continue to flare between the U.S. and China amid further trade war competitiveness, Ripple CEO Brad Garlinghouse has pitted the two superpowers against each other yet again, suggesting that America is falling behind China on crypto innovation. China’s work on its… Read more »

EU finance commissioner vows Libra regulation Decrypt 10/08/19 The bureaucrats’ resistance to Libra continues apace, with the EU's Finance Commissioner Valdis Dombrovskis today vowing to regulate digital currencies like Facebook’s Libra, should he be re-elected. “Europe needs a common approach on crypto-assets such as Libra,” Dombrovskis told Union members at a confirmation… Read more »

M&T Bank, Bank of America, and Keycorp Bank Double Down on Criticism of LIBRA Banking Exchange 10/07/2019 The banking industry has been immensely critical of Facebook’s Libra, and this past week was no exception. A number of representatives from United States banks added more warnings. Major banks filed an official complaint to the central bank stating that Libra would pose… Read more »