Fed Chair Says Digital Dollar Still “A Long Way Away” – What Now?

As part of his review of congressional testimony, Federal Reserve Chairman Jerome Powell provided unexpected insight into the future of central bank digital currencies (CBDCs). Contrary to expectations, Powell took a cautious stance and suggested that the creation of a CBDC in the United States is not imminent. In a congressional hearing, Chairman Powell was asked if he still agrees that the Federal Reserve cannot issue a central bank digital currency for the United States, saying: "". Without congressional approval, he commented.

What is the ambiguity?

The Federal Reserve chairman reiterates that a digital version of the dollar is still a long way off and says there is no way for the Federal Reserve to respect the structures that give the central bank information about how individuals use their money, he assured lawmakers. . "That's the Chinese system," Powell said. The International Monetary Fund (IMF) has previously highlighted the vulnerabilities of CBDCs and the risks to financial systems and data collection. #CBDC's #Bitcoin

Spain demands Worldcoin stop collecting private information

The Spanish data protection agency temporarily banned Worldcoin's operations and activities. This is due to concerns arising from the handling of private information.

The Spanish Data Protection Authority (AEPD) confirmed in an email that they have taken preventive measures against Worldcoin, requiring it to stop collecting biometric information from Spanish users and block the data it has already collected. #worlcoin

In the last 24 hours, more than 166,600 traders have been liquidated, worth $558.96M, the largest liquidation value occurred on Binance, with the btc/usd pair worth almost $8.23M $BTC
Personal opinion, you must be very careful when trading futures with any pair, over-leverages are dangerous for your capital, try to train yourself, and above all, control your emotions. #BTC‬

“SHIB rises strongly as whales take center stage.”

Shiba Inu owner's well-being increases
Amid a broader market rally, the second-largest meme coin, Shiba Inu [SHIB], rose 118% this week, its highest level since May 2022, according to CoinMarketCap.

The price increase caused a significant increase in the network's overall profitability. AMBCrypto analysis of Santiment data shows that SHIB holders' unrealized gains averaged over 31% at the time of publication.

Very good! I would like to start by saying that the recent improvement in Shiba Inu price is part of a larger trend that includes other cryptocurrencies and may be the beginning of a bull market. In fact, the prices of many cryptocurrencies have increased in recent days, including Bitcoin, Ethereum, and Dogecoin.$SHIB $PEPE

Hong Kong's Securities and Futures Commission (SFC) has stepped up its crackdown on cryptocurrency scams by identifying and blocking several fake websites. These fake websites attempted to imitate major local cryptocurrency exchanges such as OSL Digital Securities and Hash Blockchain Limited (also known as HashKey). The vigilant actions of the regulatory authority #Bitcoin #Regulation