Europeans Show Limited Interest in Digital Euro, ECB Study Finds
A recent study by the European Central Bank (ECB) indicates that European consumers have little enthusiasm for adopting a central bank digital currency (CBDC), posing a challenge for the ECB as it considers introducing the digital euro. The ECB’s working paper, titled “Consumer Attitudes Towards a Central Bank Digital Currency,” surveyed around 19,000 individuals across […]
Banks Push Back Against Stablecoin Legislation Amid Market Share Concerns
The banking sector and its supporters in the US Senate are mounting resistance against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, fearing that stablecoins could bypass traditional banks and cut into their market dominance. As reported by American Banker, the bill requires a 60-vote majority to pass the Senate, meaning at […]
US CPI Lower Than Expected — Are Rate Cuts on the Horizon?
The latest US core Consumer Price Index (CPI), a key gauge of inflation, recorded a lower-than-anticipated increase of 3.1%, surpassing market predictions of 3.2%. This was accompanied by a slight 0.1% dip in overall inflation figures. Matt Mena, a crypto research strategist at 21Shares, noted that the decline in inflation strengthens the case for the […]