Currency:defichain articles
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DeFiChain Price Up 2.8% Over Last Week (DFI)
DeFiChain (DFI) traded 1.5% lower against the U.S. dollar during the 24-hour period ending at 0:00 AM ET on May 25th. One DeFiChain coin can now be bought for $0.0638 or 0.00000092 BTC on popular cryptocurrency exchanges. DeFiChain has a market capitalization of $52.16 million and approximately $3.53 million worth of DeFiChain was traded on […]
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Republicans fight back against central bank digital currencies
On May 23, 2024, the Republican-controlled U.S. House of Representatives struck a major blow to the implementation of central bank digital currencies, passing the CBDC Anti-Surveillance State Act (H.R. 5403), which prohibits the Federal Reserve from: Directly issuing a CBDC without explicit approval from Congress; Using a CBDC to set monetary policy; Maintaining financial accounts for individuals (something failed Biden nominee Saule Omarova had proposed). Rep. Patrick McHenry (R-N.C.),...
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IEA urges BoG to implement currency board system
The Institute of Economic Affairs (IEA) has proposed that the Bank of Ghana (BoG) consider replacing the existing central bank system with a currency board.