Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency

At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal Reserve Governor … Read moreFederal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency

Binance Freezes Doge Withdrawals as Users Report Being Asked to Return Coins They Don’t Have

Binance has temporarily suspended withdrawals of DOGE following an upgrade, the company said Thursday. “We discovered a minor issue with DOGE network withdrawals on Binance after carrying out a version update on 2021-11-10,” Binance said in a post on Thursday morning without specifying what the “minor issue” was. “As a result, we have temporarily suspended … Read moreBinance Freezes Doge Withdrawals as Users Report Being Asked to Return Coins They Don’t Have

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’

Bank of America’s chief operating officer does not see cryptocurrency as competition. Instead, he views it as an asset class, noting that “people like it for all sorts of different reasons.” Bank of America’s COO on Crypto: ‘I Don’t View It as Competition at All’ Bank of America COO Tom Montag talked about cryptocurrency Thursday … Read moreBank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’