The U.S. Federal Reserve governor Michelle Bowman has expressed her concerns over the possible creation of a U.S. central bank digital currency (CBDC), arguing that the risks associated with CBDCs far outweigh their benefits. Bowman is not bullish on a U.S. CBDC Despite...
A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is the country’s...
The board of governors of the Federal Reserve System, better known as the Fed, has officially confirmed that they denied Custodia their application to be part of its network. The Fed is concerned about Custodia’s abilities In an updated statement on Mar. 24, the United...
Grayscale Bitcoin Trust (GBTC) is making waves in the market as its share price surged by almost 9% on March 7. The reason behind this could be a reversal of the SEC’s longstanding opposition to a bitcoin ETF. GBTC 5-day price chart |...