Fed’s Brainard: We can’t take global status of U.S. dollar for granted

According to Federal Reserve Vice Chair Lael Brainard, the world is swiftly moving toward more usage of digital payments, and an official digital version of the US dollar might help protect the country’s worldwide supremacy when other governments issue their own. According to Federal Reserve Vice Chair Lael Brainard, the world is swiftly moving toward … Read more

Crypto Lender Babel Finance Valued at $2 Billion After Latest Fundraising

Babel Finance, a cryptocurrency lender and asset management located in Hong Kong, said on Wednesday that it has secured $80 million in a fresh investment round valued at $2 billion. Jeneration Capital, Circle Ventures, and 10T Holdings, as well as current investors Dragonfly Capital and BAI Capital, participated in the Series B investment round. A … Read more

TerraUSD Developers Vote to Create New Blockchain Without Failed Stablecoin

According to a tweet from the Terra blockchain protocol, developers behind the failed stablecoin TerraUSD have chosen to ditch the token in favor of building a new blockchain and digital asset weeks after the cryptocurrency crashed. TerraUSD’s value was created by complicated computational procedures, connected to another matched token called Luna, unlike most other major … Read more

Fed’s Brainard Sees Case for Central Bank Digital Currency

As crypto-assets and digital currencies produced by other nations grow more popular, Federal Reserve Vice Chair Lael Brainard said on Wednesday that creating an official digital version of the US dollar might assist preserve financial system stability. As crypto-assets and digital currencies produced by other nations grow more popular, Federal Reserve Vice Chair Lael Brainard … Read more