Apple Inc and Netflix Inc stated, they are pulling out of the South by Southwest music and tech festival which is scheduled to be held later this month midst China’s coronavirus outbreak. As of Wednesday, the U.S. death toll from coronavirus infections stands at 11 with California Governor Gavin Newsom declaring a state emergency. Earlier…
In a statement, Governor Lael Brainard of the U.S. Federal Reserve stated, the central bank is looking at a broad range of issues surrounding digital currencies and payments, including design, policy and legal considerations around potentially issuing its own digital currency. The development underscores an openness in the possibility of the Federal Reserve issuing its…
Midst growing debate over the future of money, major central banks across the globe are looking at a possibility of issuing their own digital currencies, said the European Central Bank and the Bank of England. “The central banks of Britain, the euro zone, Japan, Sweden and Switzerland will share experiences in a new group headed…
On Tuesday, Haruhiko Kuroda, the governor of the Bank of Japan stated, the central bank has currently no plans to issue digital currencies; it is however conducting research on the subject in case the need to do so arises in the future. He went on to add, stable coins should not be issued unless there…
Listing out the serious challenges posed by digital currencies, Federal Reserve Governor Lael Brainard opined blochain technology, the underlying technology that powers them, could be harnessed for facilitating and easing bank-to-bank transactions, as well as for payments in financial markets. In what is likely to be one of the Federal Reserve’s most detailed critiques of…
While the Democrats and the Republicans slug it out on the merits and demerits of the project, time is running out since contracts for the project have already been signed. Delays will attract penalties which could make the project void ab initio. 14 lawmakers from the California GOP have sent a letter to the newly-installed Transportation Secretary,…
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