Expert opinion

This week, several central banks at once released announcements regarding national digital money. Financial regulators of Canada, India, and Nigeria made moves toward launching their own central bank digital currencies (CBDCs). The Central Bank of Nigeria (CBN) has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear…

Will Central Bank Digital Currencies (CBDC) make Bitcoin obsolete or not? – professor Sean Stein Smith reflects in the Forbes column. Recent comments by the chairman of the Federal Reserve, Jerome Powell, highlight the need for more productive conversations around crypto competition. During testimony to both the House and Senate the topic of a central…

Treasury Secretary Janet Yellen told regulators Monday that the U.S. government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. According to Reuters, Treasury Secretary Janet Yellen held a…

Trading volumes at the major crypto exchanges fell by 42.3% in June after the price of Bitcoin hit a monthly low of $28,908. Despite the dramatic drop, the trading volume is still much higher than a year ago. Cryptocurrencies are suffering a two-month correction period following a series of negative news. By the crypto market…

The digital ownership conferred by blockchain will allow the Metaverse to fulfill its true potential as community-owned and community-governed, writes Yat Siu on Cointelegraph. Every day, we hear of more involvement by big industry players (for example, Epic Games and Roblox) as we creep closer to the Metaverse, a shared persistent virtual environment of interconnected…

The U.S. Federal Reserve singled out a surge in the price of cryptocurrencies for the first time in its overall assessment of the stability of the financial system. According to Bloomberg, the regulator noted the rise reflected the increased risk appetite by investors. The brief comment about “the surge in the prices of a variety…