Economics
A Digital Dollar From the Fed? Not On Jerome Powell's Watch

Federal Reserve Chair Jerome Powell told the Senate Banking Committee on Tuesday that the central bank will not issue a central bank digital currency during his tenure, which ends in May 2026. The statement eliminates any prospect of a Fed-issued electronic dollar before that date. Senator Bernie Moreno, Republican of Ohio, asked Powell to rule […]

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Cryptocurrency
What is IOTA?

Bitcoin monopolised headlines and valuations, yet a lesser known cryptocurrency, IOTA, recently multiplied in price. One month ago, IOTA, a coin designed for Internet of Things transactions, traded at $0.35 and held a market valuation below one billion dollars. At 21:09 UTC on Wednesday, the price reached $4.17 and the total market capitalisation stood at […]

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