Digital Financial News

Twitter announced Thursday that it was rolling out an official verification mechanism for NFT avatars, allowing some users to set the NFTs they own as their profile picture.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

The Federal Reserve has come out with a highly anticipated paper on a digital dollar, taking a step in a process that could lead to Congressional action.

Cryptocurrencies were marketed by their followers as a store for value, an asset that would be a hedge for inflation. They were expected to be an alternative to the fiat currency. Cryptocurrencies were also meant to protect investors from high volatility in the equity market.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

When it was first envisioned over a decade back, Bitcoin was supposed to be a decentralized alternative to fiat currencies to transform existing financial systems. Much of that has changed along the way, with many top cryptocurrencies now serving as holding assets for risk-taking investors.

China is nearing its e-CNY official debut when the Winter Olympics commences on 4 February, 2022.

The paper, first trailed by Fed chair Jerome Powell last May, is the "first step in a discussion of whether and how a CBDC could improve the safe and effective domestic payments system," says the central bank.It was supposed to be published last summer but the Fed is determined to take its time on the issue despite some countries, most notably China, forging ahead with their CBDC plans.The paper rehearses established arguments for and against a digital dollar, including in relation to faster international payments and concerns about privacy and financial stability.The Fed is now seeking public comment on more than 20 questions, with submissions accepted for 120 days.While Powell has remained noncommittal on the chances of a digital dollar, others at the Fed have been less circumspect.

WASHINGTON—The Federal Reserve on Thursday launched a review of the potential benefits and risks of issuing a U.S. digital currency, as central banks around the world experiment with the potential new form of money to keep pace with private-sector payments innovations.

The Federal Reserve on Thursday released its long-awaited study of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public comment.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

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Union Bank of the Philippines (UnionBank) plansto choose Metaco and IBM to enhance cryptocurrency trading and custody services, taking advantage of the Asian country's rapid adoption of digital tokens.

All cryptocurrency ATMs in Singapore have been shut down by the Monetary Authority of Singapore, following the city-state’s prohibition of all crypto-related advertisements in public spaces.

Autograph, an NFT platform focused on investing in sports, entertainment, and culture founded by Super Bowl champion Tom Brady, has raised $170 million in Series B funding co-led by a16z and Kleiner Perkins.

There’s no denying that over the past couple of years, the narrative that Bitcoin consumes too much power has continued to garner mainstream traction. However, in recent months, an increasing number of Bitcoin miners have moved towards renewable energy.

The Federal Reserve is casting a shadow over cryptocurrencies.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Facebook’s parent company Meta has recently been granted a range of new patents in the US which reveal new details about its plans for building out technologies for the metaverse.  

The U.S imposed an almost total economic embargo on Iran a while back, including a ban on all Iranian imports and sanctions on Iranian financial institutions. Oil exports plummeted > 70% over the past decade, leaving the country in a deep recession with soaring unemployment and periods of civil unrest.