The President of the Republic of the Marshall Islands Hilda Heine faces a vote of no confidence due to her administration’s plans to introduce a national digital currency, Radio New Zealand News (RDZ) reported Nov. 5. The Marshallese parliament initially endorsed the creation of the national digital currency, which would be called the Sovereign (SOV), in February of this year. Set to be issued before the end of 2018, the SOV would be used along with the U.S. dollar, which the country uses as its official currency. Heine said then…
Tag: Plans
Michael Novogratz Shelves Crypto Hedge Fund Plans
Dec.22 — Michael Novogratz, the former Goldman Sachs Group Inc. and Fortress Investment Group LLC macro trader, is putting aside his plan for a cryptocurrency hedge fund and predicts that Bitcoin will plunge to $8,000. Bloomberg’s Erik Schatzker reports on “Bloomberg Markets.” source
CME Plans To Launch Bitcoin Futures | CNBC
The growth of bitcoin derivatives is another step toward the development of the digital currency as a more established asset class. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News…
Bitcoin Tanks After China Reportedly Plans Further Crackdown | CNBC
The price of bitcoin fell sharply Friday after a report China is planning to shut down local exchanges for the digital currency. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC…