All articles tagged with #digital currency
The article discusses how stablecoins have the potential to significantly impact global payments systems, not through technological innovation but through their influence on financial practices and markets.
The European Central Bank's digital euro project is approaching a critical decision point with a decisive vote expected in 2026, marking a significant step in the development of a central bank digital currency in Europe.
The article discusses stablecoins, a type of digital currency, highlighting their significance in the financial technology sector and the importance of reliable journalism from the Financial Times for understanding their impact.
Assets linked to the Trump family in the crypto space have significantly declined, with some tokens dropping over 90%, highlighting the volatility and shifting confidence in digital assets despite initial support from Trump, and resulting in substantial financial losses for retail investors.
The article reports that Swift is planning to launch a blockchain platform in response to the increasing popularity of stablecoins, aiming to modernize its payment infrastructure and stay relevant in the evolving financial landscape.
Tether, a major player in the cryptocurrency space, is planning to launch a new stablecoin aimed at the US markets, signaling ongoing developments in digital currencies and their regulatory landscape.
The U.S. has passed the GENIUS Act, establishing the first comprehensive federal regulations for stablecoins, marking a significant shift from the unregulated 'Wild West' era of crypto to mainstream legitimacy, with implications for global finance and future legislation.
House Speaker Mike Johnson is attempting to pass key cryptocurrency legislation after President Trump claims to have secured the necessary votes, following a meeting with GOP holdouts concerned about a central bank digital currency. The House plans to vote on the GENIUS Act and the CLARITY Act, with expectations of passing all three bills with some Democratic support. Meanwhile, Trump is also rumored to be considering actions against Fed Chair Jerome Powell, and other political developments include a Senate vote-a-rama and a crypto regulatory hearing.
President Trump announced a deal with most House Republicans to support the procedural rule for considering three cryptocurrency bills, including the GENIUS Act, which aims to regulate stablecoins and potentially advance crypto legislation in the House.
Stablecoins are a rapidly growing segment of cryptocurrency designed to be stable and backed by reserves, enabling faster and cheaper international transactions. They are gaining interest from major companies, banks, and regulators, but concerns about safety, transparency, and potential misuse remain. The sector is poised for significant growth and regulatory development, with the potential to revolutionize global payments.
Bitcoin has reached $120,000, but the real story is the evolving regulatory landscape in the US, with recent legislation aiming to support rather than outlaw crypto, reflecting a shift towards recognizing digital currencies as tools for financial independence and libertarian ideals, amidst ongoing political debates about central bank digital currencies and self-custody rights.
South Korea's stock market has surged nearly 30% this year, driven by a retail frenzy over won-based digital assets and stablecoins, making it the best-performing market in Asia. Investor enthusiasm is fueled by government proposals to issue won-backed stablecoins and the appointment of crypto-friendly officials, despite regulatory uncertainties. The surge has led to increased leverage among retail investors and heightened interest from financial institutions, although experts warn of potential overvaluation and systemic risks.
The article discusses how stablecoins are increasingly becoming a part of the mainstream financial system, highlighting their growing acceptance and integration.
The owner of Truth Social is considering developing a cryptocurrency platform named TruthFi, potentially expanding its digital offerings.
The House of Representatives voted to block the Federal Reserve from creating a central bank digital currency (CBDC), with bipartisan support from three Democrats and all Republicans. The bill, led by House Majority Whip Tom Emmer, aims to prevent the federal government from regulating cryptocurrency and ensure digital currency policy reflects American values of privacy and free market competitiveness. Federal Reserve Chair Jerome Powell has downplayed the likelihood of creating a CBDC, while some Democrats argue the bill could hinder U.S. financial innovation and the global primacy of the U.S. dollar.