Financial Services

GERMAN FINANCE MINISTER OLAF SCHOLZ CHAMPIONS THE DIGITAL EURO CryptoBit 10/07/2019 THE DIGITAL EURO IN GERMANY "Such a payment system would be beneficial for the financial center of Europe and its integration into the global financial system," Scholz said last week in a report published by the local business news magazine WiWo (WirtschaftsWoche). "We should not leave a"field… Read more »

German finance minister Olaf Scholz wants to introduce digital euro Yahoo! Finance 10/07/2019 Germany's finance minister and vice-chancellor, Olaf Scholz, is in favor of national digital currency. "Such a payment system would be good for financial center Europe and its integration into the world financial system," Scholz said late last week in a report published by local… Read more »

German Finance Minister Speaks in Favor of Digital Euro Coinspeaker 10/07/2019 Olaf Scholz who is currently the German finance minister has indicated his stance on the cryptocurrencies in particular and electronic money in general. According to local sources, he made his position known last week and also revealed skepticism for private-interest cryptocurrencies such as Facebook’s… Read more »

Former FDIC Chair Called Out Subprime Mortgages Ahead of Issues; Now Tells FED To Look At CBDC's Bitcoin Exchange Guide 10/06/2019 Members of the US Congress the French Hill (R-Arkansas) and Bill Foster (D-Illinois) have recommended the Federal Reserve regarding issuing a digital version of the US dollar. In a letter addressed to the Fed, they highlighted that the country’s… Read more »

Two lawmakers urge Fed to mull a digital U.S. dollar; Philly Fed president thinks digital currencies are 'inevitable' TOKENPOST 10/04/2019 Two U.S. congressmen, Rep. French Hill (R-Arkansas) and Rep. Bill Foster (D-Illinois), have asked the Federal Reserve to consider developing a digital dollar. In a letter sent to Fed Chairman Jerome Powell on Monday, the lawmakers stressed… Read more »

Bank President Says US Digital Currency Is Inevitable News BTC 10/04/2019 In a letter to Jerome Powell, two congressmen have asked the Federal Reserve chairman to consider developing a US-backed cryptocurrency. In short, they believe this is necessary to keep pace with the rest of the world. However, Powell has previously poured cold water on the idea of a digital dollar. And… Read more »

Anthony Pompliano Says The US Government Will One Day Adopt Bitcoin As A National Currency ZyCrypto 10/04/2019 The benefits of digital currencies have been felt far and wide in many different sectors, even by naysayers who do not support the sector. The growth in just a few years has been quite substantial and has probably surpassed any records set by any other assets or sectors… Read more »

Will the Fed Take USD Digital? American Politicos Have Crypto on the Brain BLOCKONOMI 10/04/2019 American lawmakers on the House Financial Services Committee sent a series of questions to Federal Reserve Chairman Jerome Powell this week regarding whether the nation’s central banking system had any plans to launch a digital dollar, namely a cryptocurrency. Those lawmakers were… Read more »

Bitcoin review: Blockchain to fight Deepfakes, Apple CEO talks competing currencies New York Business Journal 10/04/2019 This week, U.S. senators Mark Warner, a Democrat, and Marco Rubio, a Republican, asked YouTube, Facebook Inc. and nine other online service providers to address the proliferation of "deepfakes" — highly synthesized footage or audio recordings of real… Read more »

American Banking Giants Sound Off Against Libra as Monetary Threat Yahoo! Finance 10/03/2019 As if the financial establishment has not been vocal enough about its resistance against Libra, their displeasure was noted in an official complaint to the central bank. Executives from some of the biggest American banks told the Federal Reserve that Facebook’s cryptocurrency Libra… Read more »