PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal USD (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based … Read more
Almost nobody talks about digital dollars anymore. Just a couple of years ago, as cryptocurrency was peaking and China was experimenting with a virtual version of the yuan, Washington was abuzz with the idea that the Federal Reserve could create America’s own digital currency. Enthusiasm faded as people began to hash out the details. Although … Read more
Robert F. Kennedy Jr. (RFK Jr.), the Democratic U.S. presidential hopeful vying with president Joe Biden for the White House in next year’s election, has positioned himself as a major bitcoin supporter (in contrast to a leaked European Union draft document). Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and … Read more
Le bitcoin est tombé en dessous de 29 000 dollars pour la première fois en plus d’un mois, alors que la récente exorbitation des ETF s’atténue et que les perspectives réglementaires sont plus favorables. Le plus grand actif numérique en valeur marchande a chuté de 4,2 % à 28 865 $, le moins depuis le … Read more
Zimbabwe has launched gold-backed local digital tokens today in order to reduce reliance and dependence on the US dollar. In a press release, the Reserve Bank of Zimbabwe (RBZ) announced that the gold-backed tokens will be fully backed by physical gold held by the Bank. Last month on April 28, RBZ governor John P Mangudya … Read more
J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking, Housing and Urban Development Committee hearing in Washington, D.C., U.S., on Tuesday, Feb. 6, 2018. Cryptocurrency exchanges roiled by the rout in Bitcoin prices may face more turbulence as the two top U.S. market regulators ask Congress to consider … Read more
In a recent Twitter exchange, with Grammy award-winning rapper Cardi B, former Twitter CEO Jack Dorsey said on Tuesday that Bitcoin will replace the US dollar. Cardi B asked on Twitter if crypto would replace the US currency to which Dorsey replied, “Yes, Bitcoin will.” The Twitter interaction between Cardi B and the tech billionaire … Read more