digital currencies

Crypto Market Plummets Following Week of Coinbase-fueled Hype | Gizmodo

After cryptocurrency costs soared this week amid hype main as much as Coinbase’s direct itemizing, the market took a nosedive over the weekend. Bitcoin costs tanked by roughly 14% in 24 hours, from $61,530 to $52,829, the token’s greatest one-day drop since February, earlier than rebounding barely, in line with the cryptoasset price-tracking website CoinMarketCap.

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How worried is the Biden administration about China’s digital currency? | South China Morning Post

Officers on the US Treasury, State Division, Pentagon and Nationwide Safety Council are bolstering their efforts to grasp the potential implications of China’s digital foreign money.

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China Creates its Own Digital Currency, a First for Major Economy | The Wall Street Journal

A cyber yuan stands to provide Beijing energy to trace spending in actual time, plus cash unlinked to the worldwide monetary system dominated by the greenback. It additionally might soften the chunk of U.S. sanctions.

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Commentary: PayPal CEO Dan Schulman on why digital currencies will make the economy more inclusive | Fortune

We have now an unprecedented alternative to carry lower-income and underrepresented communities across the globe into the monetary mainstream.

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How Much It Costs To Mine For Cryptocurrency | CNBC

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Why Central Banks Want To Get Into Digital Currencies | CNBC

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Fed digital currency gains steam with Democrats in power | American Banker

Because the Federal Reserve continues to discover issuing a digital U.S. greenback, the Biden administration and key congressional leaders are endorsing the concept as a solution to increase banking entry for underserved customers.

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