China Aims to Replace Cash with Two-Tiered Digital Currency, Says New Binance Report

A fresh research report from the major cryptocurrency exchange Binance speculates over details on China’s upcoming digital currency. Specifically, Binance suggests that the digital currency will most likely have a “two-tier” system. As such, this system could replace the fiat paper notes and coins currently in circulation. China’s digital currency will reportedly come with 1:1 … Continue reading China Aims to Replace Cash with Two-Tiered Digital Currency, Says New Binance Report

Switzerland Visit Fails to Quiet US Regulators’ Crypto Concerns

Lawmakers from the United States have recently visited Switzerland. Part of the goal of the journey was to help American lawmakers quell their concerns over Facebook’s cryptocurrency, Libra. However, it is now clear that the trips did not solve all worries. Switzerland visit did not quell concerns over Libra Specifically, Representative Maxine Waters - known … Continue reading Switzerland Visit Fails to Quiet US Regulators’ Crypto Concerns

ECB Executive Calls Libra A “Wake-Up Call”, Calls For Swift Regulatory Action

A member of the European Central Bank has recently said that European financial regulators should act swiftly regarding Libra. Moreover, Facebook’s crypto is described as a crypto “wake-up call” for regulators and public authorities alike. Libra is a “wake-up call” for regulators This story was first covered by Bloomberg. According to Benoit Coeure, an executive … Continue reading ECB Executive Calls Libra A “Wake-Up Call”, Calls For Swift Regulatory Action

JPMorgan Chase CEO: Crypto Firms Want To Eat Our Lunch

The CEO of JPMorgan Chase, Jaimie Dimon, recently sat down with Yahoo Finance’s Editor-in-Chief for an interview. The interview casts some light on how JPMorgan Chase views cryptocurrencies in general, and Facebook’s Libra specifically. Perhaps most notably, Dimon remarked that he believes crypto firms “want to eat JPMorgan’s lunch”. Jamie Dimon: Crypto firms want to … Continue reading JPMorgan Chase CEO: Crypto Firms Want To Eat Our Lunch