The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on “The Digitization of Money and Payments,” and while few details have been released, the witnesses – former […]
Dollars
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One of Silicon Valley’s top investors has quietly dumped seven figures into Democratic super PACs over the past two years through a pair of dark money groups that have little documented activity beyond channeling money into federal elections. Matt Cohler, a former Facebook executive and a partner at the venture […]
The Washington Examiner published an excerpt of John Bolton’s new book detailing a dramatic scene in which President Trump told Treasury Secretary Mnuchin to go after bitcoin before tackling trade with China. This news follows a report from the Drug Enforcement Administration (DEA) showing how the agency failed to properly […]
Top shelf Digital DollarsOn Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar is distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. […]
The National Science Foundation has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar. The National Science Foundation, an independent agency of the U.S. federal government, awarded a $225,000 grant to private blockchain startup KRNC to design crypto features for the dollar at a time when […]
Police officers take guard during a protest over the death of George Floyd last month in Minneapolis. Chandan Khanna/AFP via Getty Images hide caption toggle caption Chandan Khanna/AFP via Getty Images Police officers take guard during a protest over the death of George Floyd last month in Minneapolis. Chandan Khanna/AFP […]
The US Federal Reserve’s balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic, according to the Financial Times. RT’s Keiser Report looks at the chart, showing that in 2007 there was “barely anything” […]
Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at firms including Merrill Lynch and Citadel Securities. “Did you look both ways?” […]
The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin […]