While cryptocurrencies could have benefits, they have “not served as a convenient way to make payments, given, among other factors, their swings in value,” said the head of the Federal Reserve. He also detailed imminent Fed research on a central bank digital currency.

Miami and Miami-Dade County are conducting studies of how to use cryptocurrencies in various local government capacities.

Gov. Steve Sisolak opted to form a joint committee to study the idea, rather than proposing legislation this session.

A new path forward for digital banks and their customers.

Join Jim McKelvey, co-founder of Square as he offers his insights into where the Fintech industry is headed next year. Will a Biden administration insist on greater regulation? What will happen in the cryptocurrency markets? What will be the big IPOs in the sector? Will GooglePlex make a big splash? What new technologies or applications should we be expecting?

Asset valuations are stretched across a broad set of financial markets and some cryptocurrencies have witnessed “extreme volatility,” Federal Reserve Governor Lael Brainard said, though overall risks to the financial system are still low.

The enormous electricity demands required to create bitcoin and other cryptocurrencies have mining operations flocking to cheap hydroelectricity in parts of rural Washington.