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Fed Governor Michelle Bowman Says Creation Of US CBDC 'Could Pose Significant Risks'
Tuesday, October 17, 2023 - 3:44pm | 542Read More...Michelle Bowman, a member of the U.S. Federal Reserve Board, expressed reservations about the necessity and viability of a U.S. central bank digital currency (CBDC). During a discussion at Harvard Law School on Tuesday, she said, "The potential benefits of a U.S. CBDC remain unclear, and the...
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FedNow Hits The Market: Set To Revolutionize US Financial Infrastructure With Instant Payment Services
Thursday, July 20, 2023 - 10:57am | 524Read More...The Federal Reserve released its much anticipated “FedNow” on Thursday, a service that will revolutionize the financial infrastructure of instant payments in the United States. This cutting-edge service will allow every Americans to send money across the country in mere seconds,...
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Ron DeSantis, Robert F. Kennedy Jr. Unite Against CBDCs — Champion Bitcoin As Alternative
Tuesday, April 11, 2023 - 1:06am | 623Read More...Robert F. Kennedy Jr, who recently filed papers to run as a Democrat in the 2024 presidential election, has expressed concerns about the launch of central bank digital currencies, or CBDCs. What Happened: In a tweet on Monday, Kennedy Jr. said that the claim that FedNow is not the first step toward...
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Fintech Focus For April 6, 2021
Monday, April 5, 2021 - 5:51pm | 1606Read More...Quote To Start The Day: [S]tock declines of 30-40% are overdone, and growth names should begin to re-inflate. True, interest rates will likely rise over time. However, they still hover near record lows, and borrowers of all shapes and sizes can afford to pay more. Source: Adam Johnson One Big...
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Fintech Focus For February 5, 2021
Thursday, February 4, 2021 - 6:53pm | 2031Read More...Quote To Start The Day: Robinhood Markets, GameStop Corp. and hedge funds are all on the wish list that House Financial Services Committee Chair Maxine Waters is assembling for a hearing that will dig into the Reddit-fueled stock trading that has shocked Wall Street and lawmakers. “I’m...
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Fintech Focus For August 11, 2020
Monday, August 10, 2020 - 6:14pm | 2346Read More...Daily Perspective: The definition of market prices is whatever the Fed says it will be. - Minerd Fintech Movers: The Federal Reserve recently announced the FedNow Service, which it said will be rolled out in a phased approach, with a target service date of 2023 or 2024. - Benzinga Coinbase hires...
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What The FedNow Instant Payment System Means For Americans
Monday, August 10, 2020 - 12:15pm | 411Read More...The Federal Reserve recently announced the FedNow Service, which it said will be rolled out in a phased approach, with a target service date of 2023 or 2024. What Is FedNow? FedNow is a “new interbank 24x7x365 real-time gross settlement service with clearing functionality to...
