Tag Archives: digital dollar

Ex-CFTC chief’s Digital Dollar Initiative adds 22 new advisors and will release a white paper in the next two months. The Digital Dollar is serious as never, as ex-CFTC, FED, Treasury board directors join the venture.Chris Giancarlo is gathering the industry’s top minds around what could soon become the Bitcoin killer for institutions. The Digital Dollar initiative is serious as never, as ex-CFTC, Treasury board directors join the venture. Digital Dollar Foundation (DDF) issue a press...

As Congress nears a deal on the economic stimulus package, the latest proposal has taken a crypto turn and is offering the notion of a potential digital dollar.Is a Digital Dollar Coming to the U.S.?Many countries, as of late, have brought up the idea of introducing a national digital currency for its citizens. China, for example, is arguably the biggest example, having divulged the secrets of its latest project in the digital yuan. The currency has stirred controversy among those who believe...

Christopher Giancarlo, the CFTC former head, says that the U.S. should issue the digital dollar to compete with other CBDCs. Giancarlo claims that the CBDC dollar is not a competitor to Bitcoin, Ethereum, TON or Libra.Not only the CFTC former head thinks that the FED should issue dollar like bitcoins, but he also states that bitcoin itself can be used as a digital dollar or gold.During Yahoo’s ‘On the Move‘ on Thursday, Christopher Giancarlo said that the Chinese government will create some...

The U.S. policymakers believe that a digital dollar could have to preserve the primacy of their currency worldwide.The U.S. policymakers have recently been pushing the country to adopt a digital currency that is backed by the dollar. Led by the treasury secretary, Steven Mnuchin and Arkansas Republic Senator, Tom Cotton, they have been very vocal at the U.S. senate-house regarding the digital currency matter.Another important figure pushing for the same is the nominee for the Federal Reserve...

Bitcoin price and the overall crypto market reacted positively after Fed Chairman Jerome Powell recently stressed on the importance of private crypto-based transactions. He said that the Fed is working on a number of projects for digital currencies.Bitcoin price surged over 5% on Tuesday, February 11, pushing it to a five-month high above $10,300 levels. With this move, BTC has surged nearly 50% since the beginning of 2020. At press time, BTC is trading 5.6% up for a price of $10, 304 with a...

The possibility of a digital dollar is one of the topics being discussed at the World Economic Forum (WEF) in Davos, Switzerland. Attendees at the forum are discussing the utility and advantages that a digital dollar could bring.Digital Dollar in Response to China’s Digital YuanOne of the reasons many people are calling for a digital dollar is the digital yuan. At the moment, and as far as national digital currencies are concerned, China is blazing the trail. Chinese authorities have noted...

The U.S. Digital Dollar concept is being pushed by the former CFTC chairman J. Christopher Giancarlo. Reports indicate that he, Daniel Gorfine and Charles Giancarlo are planning to do this privately. Daniel Gorfine is the former LabCFTC director. Charles Giancarlo is an investor. They have decided to form the Digital Dollar Foundation. It is a non-profit initiative in association with Accenture. They also have plans to work with various professionals to achieve this. They plan to work towards...

This year of 2019 turned out to action-packed with respect to the cryptocurrency market and the global economy in general. Undergoing a massive crypto winter in 2018, the crypto market saw some recovery especially in Q2 2019. If we look at the year-to-date performance, the overall cryptocurrency market cap surged by 60%. Thanks to Bitcoin‘s performance giving 100% returns during the same period.Also, if we look at the traditional markets, they have performed beyond investors’ expectations....

Cryptocurrencies continue to make strong inroads in the global economy as even the global governments and banks have started experimenting with crypto assets. In its latest report dubbed Imagine 2030, Deutsche Bank analyst Jim Reid said that cryptocurrencies will dominate and replace fiat currencies over the next decade. With economic uncertainty brewing up all across the globe, Reid believes that government-backed fiat currencies won’t be sustainable. He said that there is a surge in demand...

Facebook‘s head of the Libra project – David Marcus – has recently given an indirect warning to the U.S. lawmakers of losing the digital currency war to China, if the company’s Libra Project fails.Since its Libra cryptocurrency announcement in June 2019, Facebook has been in odds with the regulators over the Libra launch. The regulators have repeatedly questioned Facebook’s ability to execute this project at a global level.However, David Marcus has warned Washington that if Libra is derailed,...