The senator’s legislation calls to prohibit the Federal Reserve from issuing a government-backed currency to individuals The post Ted Cruz’s Senate Bill on CBDCs Replicates January House Proposal appeared first on Blockworks.
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A handful of Congressional Democrats are putting forth legislation to create a new digital currency that would have equal standing with the US dollar. In a new press release, Rep. Stephen Lynch of Massachusetts introduced the Electronic Currency and Secure Hardware (ECASH) Act for debate. Lynch cites…
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If you have never heard of the petrodollar system, rest assured you are not alone: it is certainly not a topic that makes its way out of Washington and Wall Street circles too often.Despite being the mechanism at the core of the whole dollarized financial system we use,…
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Bitcoin pushed higher by a robust 6% today, allowing the cryptocurrency to reach as high as $47,765 during the session. Although the coin has been steadily increasing during the month, totaling a +22% price hike over the period, today’s price action is significant since it allowed Bitcoin…
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Bitcoin’s market capitalization first hit $1 billion on March 28, 2013. The world’s first cryptocurrency was trading at $92 at the time. The Bitcoin price rally was linked to the Cyprus banking crisis. BTC/USD 4-hour chart | Source: TradingView Bitcoin price market cap hit $1 billion nine…
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Vietnam is once again conducting research into cryptocurrency and digital assets it hopes will guide policy designed to govern them The post Vietnam to Devise Legal Framework for Crypto appeared first on Blockworks.
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House Democrats in Washington are set to introduce a bill calling for a privacy-focused central bank digital currency (CBDC) that has the same legal status as regular USD. The proposed Electronic Currency and Secure Hardware (ECASH) Act would call upon the Treasury Department to run a program…
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The financial world has been turned on its head over these last few weeks. The Canadian government’s freezing of citizens’ bank accounts, and Russia’s deletion from the SWIFT payments system, together with fiat currencies being debased and purchasing power being eroded by inflation faster than ever, has…
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El Corte Inglés, an iconic institution in Spain, and the third largest department store in the world, is reportedly preparing to launch a crypto exchange in partnership with Deloitte. According to a report by El Confidencial, Spanish department store El Corte Ingles is in the process of…
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The global cryptocurrency market is all shades of bullish as this week was engulfed with a dominant positive price action spearheaded not just by Bitcoin (BTC) and Ethereum (ETH), but by other new entrants into the crypto market like ApeCoin (APE) which brought significant funds into the…
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