Tag: digital currency

January 16, 2024

Cryptocurrency trading firm Genesis Global Trading will pay the New York State Department of Financial Services $8 million and surrender its BitLicense to settle allegations it violated the agency’s compliance regulations. Routine examinations and an investigation that followed found that […]

September 25, 2023

The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation. The bill would amend the Federal […]

September 6, 2023

Genesis Global Trading will shutter its U.S.-focused crypto spot trading platform Sept. 18, the company told clients via email Tuesday. “The decision was made voluntarily and for business reasons,” the email said, according to CoinDesk, a publication owned by GGT’s […]

July 11, 2022

As more governments consider launching a central bank digital currency (CBDC), they face many important questions: Why create a digital dollar, euro, or rupee? What technology best fits that purpose? How might a CBDC affect competition in the market? Policymakers […]

May 9, 2022

In January of this year, the Board of Governors of the Federal Reserve System issued a research and analysis paper titled Money and Payments: The US Dollar in the Age of Digital Transformation, in which the Fed explores potential benefits […]

February 23, 2022

National digital currencies are gaining momentum. In November 2021, the nine largest banks in Japan announced that they will issue a digital yen this year. Nine countries have already issued central bank digital currencies and 14, including China, have pilots […]

April 20, 2021

As nations across the globe launch studies into the potential benefits and mechanics of central bank digital currencies (CBDCs), many questions remain regarding the coins’ policy implications, said Bank Policy Institute (BPI) CEO Greg Baer. “A central bank digital currency […]

January 4, 2021

At 10:00AM today, Bitcoin still sat above $30,000, having seen its value drop $4,000 in less than 24 hours. Its value continued to decline to around $29,000 this morning, before bouncing back above $30,000 by 11:00AM. The sharp dip from […]

January 24, 2020

Following up on a survey from last year, BIS quizzed 66 central banks, covering 75% of the world’s population and 90% of its economic output, about their intentions regarding CBDCs. Some 80% of respondents (up from 70% a year ago) […]

September 27, 2019

Reuters reports that, despite there being no official timetable for the roll-out of the new currency – which will have some similarities to Facebook’s Libra coin – the CSI fintech theme index has gained more than 50% so far this […]

August 12, 2019

China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official. Mu Changchun, deputy director of the People’s Bank of China’s payments department, said the institution’s virtual currency was “almost ready” for release, […]

February 11, 2019

Bitcoin prices were trading marginally lower on Monday but had barely moved off last week’s level, which took the best-known digital currency to its highest level in three weeks. In early trading, one bitcoin BTCUSD, +0.06% was fetching $3,629.70, down […]

January 23, 2019

Cryptocurrency prices are trading mostly unchanged on Wednesday, led by the No.1 digital currency, which is oscillating on either side of $3,600. On Wednesday, a single bitcoin BTCUSD, +0.04% fetched $3,591.47, down 0.1% since Tuesday’s level at 5 p.m. Eastern […]

November 7, 2018

Bitcoin prices moved higher Wednesday, trading above $6,500 for the first time since mid-October. A single bitcoin BTCUSD, +1.13% was last changing hands at $6,523.57, up 1.3% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange. The move […]

November 2, 2018

Bitcoin prices are trading mostly unchanged Friday, but on track to log back-to-back weekly losses, and the fifth over the past six weeks. In early Friday trading, the price of one bitcoin BTCUSD, +0.35% was last changing hands at $6,359.11, […]

October 25, 2018

For the 10th consecutive session bitcoin prices are trading largely unchanged as volatility in the world’s largest digital currency continues to fall. In Thursday trading a single bitcoin BTCUSD, -0.35% was going for $6,429.78, down 0.5% since Wednesday at 5 […]

August 17, 2018

Digital currencies are on track to finish the week on a positive note with all major coins trading in the green early Friday. Ether ETHUSD, +4.13% which runs on the ethereum network, has borne the brunt of the August cryptocurrency […]

June 22, 2018

Bitcoin prices fell roughly 9 percent Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering. The digital currency was trading at $6,150, according to CoinDesk, breaking below $6,400 for the first time in […]

March 23, 2018

The introduction of digital currency is “inevitable”, according to the outgoing governor of the People’s Bank of China, who nevertheless stresses that any progress on the issue will be carried out in a “steady and orderly fashion”. Last September China […]

February 20, 2018

Bank of England Governor Mark Carney raised concern over extreme volatility in the world’s best known digital currency. “It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because […]