Everything

Editors' Picks

News

Learn

Deep Dives

Videos

• 

  Treasury’s Bessent Warns CBDC Would Convey ‘Weakness’

  U.S. Treasury Secretary Scott Bessent affirmed on Tuesday that he is not in favor of debuting a central bank digital currency, or CBDC, under President Donald Trump’s administration, throwing shade on the concept of a digital dollar during Congressional testimony. “We believe that digital assets belong in the private sector, and my personal view is that having a central bank digital currency is a sign of weakness, not strength,” he said before the House Appropriations Committee’s Subcommittee on...

• 

  US House Committee Votes to Move Forward on Anti-CBDC Bill

  A Republican-led effort to prevent the creation of a U.S. central bank digital currency (CBDC) moved forward on Wednesday, as the CBDC Anti-Surveillance State Act passed out of the US House Financial Services Committee with a 27-22 vote. Sponsored by Rep. Tom Emmer (R-MN), the bill seeks to prevent the Federal Reserve from issuing a digital dollar, citing concerns over financial surveillance and the transformation of the central bank into a retail banking entity.  The bill also bars the Fed from...

• 

  Fed Chair Jerome Powell Says No US CBDC Under His Watch

  Federal Reserve Chair Jerome Powell said the United States would not issue a central bank digital currency, or CBDC, as long as he remains the head of the organization. The announcement came during a hearing of the Senate Banking Committee on Tuesday. During the hearing, Senator Bernie Moreno (R-OH) asked Powell to commit that the United States would never have a CBDC as long as he was the head of the Federal Reserve System. “Yes,” Powell responded. In a landmark statement, Chair Jerome Powell...

• 

  Trump’s Tariffs Shake Markets: Dow Futures Slide, Crypto Liquidations Top $2B

  Global markets face a turbulent week after U.S. President Donald Trump's Friday tariff announcement sent U.S. stock futures plummeting and triggered massive crypto liquidations, signaling deepening concerns about prolonged higher interest rates. Dow futures dropped 1.2% late Sunday, while S&P 500 and Nasdaq futures tumbled 1.9% and 2.7% respectively following Trump's announcement of 25% tariffs on Mexican and Canadian goods and 10% levies on Chinese imports. Those are set to take effect on Tuesd...

• 

  Trump's Treasury Pick Scott Bessent Pours Cold Water on US Digital Dollar Initiative

  During Thursday's Senate confirmation hearing, President-elect Donald Trump's Treasury Secretary nominee, Scott Bessent, rejected the need for a U.S. central bank digital currency (CBDC), assuaging concerns some crypto observers have long held. "I see no reason for the U.S. to have a central bank digital currency," Bessent told the Senate Finance Committee. "In my mind, a central bank digital currency is for countries who have no other investment alternatives." Bessent's statements mark a sharp...

• 

  More Countries to Establish Bitcoin Reserves in 2025, Fidelity Says

  Financial services giant Fidelity Digital Assets predicts several countries will begin stockpiling Bitcoin this year, bringing about broader adoption of the world's oldest crypto. Several nations could establish strategic Bitcoin reserves in 2025 to hedge against “debilitating inflation, currency debasement, and increasingly crushing financial deficits,” the firm wrote in a report on Monday. That’s because global leaders are warming up to the crypto following the U.S.’s touted plans to embrace B...

• 

  Former Head of China’s Digital Currency Project Faces Corruption Charges: Report

  The former head of China’s central bank digital currency (CBDC) research project, Yao Qian, has been expelled from the Chinese Communist Party and removed from his government position, following allegations of corruption. According to reports in state-owned local media, Qian is accused of having abused “the right to recommend, formulate, and execute policies” and “abandoned the responsibilities of science and technology supervision” following a disciplinary review. What Are Central Bank Digital...

• 

  The 69 Dumbest Moments of the Year: 2024 Crypto Edition

  Crypto was dumb in 2024—like, really dumb. This year’s meme coin supercycle spawned the most bizarre characters the industry has ever seen, which is saying a lot, and conferences had us cringing weekly, all while politicians begged on their knees for the crypto vote (or at least its money). And with this, we’ve enjoyed some of the dumbest moments ever inscribed on the perfectly distributed, immutable, uncensorable Blockchain of Life. From a meme coin developer setting himself on fire to promote...

• 

  All of Trump's Crypto Promises, From Boosting Bitcoin Mining to Firing Gensler

  Former President Donald Trump has pitched big plans for crypto on the campaign trail, folding several promises into his reelection bid while trying to make inroads with digital asset owners. When it comes to the nascent industry, crypto isn’t listed among 20 core goals that make up the Republican Party’s official 2024 platform—and the topic didn't come up during his interview with Elon Musk in August. Still, in a draft document released in July, crypto was mentioned alongside artificial intellig...

• 

  Chainalysis: Russia Is Loudest and 'Most Pervasive' Country Using Crypto to Skirt Sanctions

  Russia has been increasing its use of cryptocurrency for sanctions evasion, disinformation, and election interference, according to execs for leading blockchain analytics firm Chainalysis. “Russia has become an international force using cryptocurrency for everything from sanctions evasion to ransomware attacks, and most recently, interference and disinformation campaigns targeting the US elections,” said Chainalysis chief marketing officer Ian Andrews during a talk shared on the company's YouTub...

Load More