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Dive Brief: Ally this week launched a new game that uses augmented reality (AR) to teach players how their money can work harder for them, per a press release. Through Ally Digital Dollar, participants are entered to win a prize, and healthcare workers in Charlotte, North Carolina, and Detroit will also receive prizes in celebration of National Superhero Day (April 28). The game runs through April 30. By scanning a bill of any denomination, players will witness the "extra superpowers" of their money by potentially turning a dollar into one of $940,000 worth of instant prizes. The gameplay its...

Attempts and statements about the creation of a national cryptocurrency (CBDC) are made by representatives of different countries. Some are trying to stimulate the poorest economies, such as the disastrous story with Venezuela’s national cryptocurrency ElPetro. Strong economies such as China have other motives, like to overthrow the US dollar from its pedestal of the world’s means of payment. Will digital world currencies destroy the banking system, will their issuance affect the rate of bitcoin and altcoins? Experts at the decentralized financial (DeFi) ecosystem FreeTON tell about the f...

Fannie Mae Appoints Two New Members to Board of Directors Simon Johnson and Christopher J. Brummer Bring Years of Public Policy, Economic Experience to Talented and Diverse Fannie Mae Board News provided by Share this article Share this article WASHINGTON, March 2, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has appointed Simon Johnson and Christopher J. Brummer to its Board of Directors. Their vast expertise will complement Fannie Mae's Board of Directors at a time when the company remains focused on the safety and soundness of its business, while providing liquidity to the mortgage market...

The U.S. is starting to get serious about a central-bank-backed digital currency, with recent comments from top officials laying out the strongest support yet.Driving the news: On Tuesday Fed chair Jerome Powell told Congress that developing a digital dollar is a "high priority project for us," but added that there are "significant technical and policy questions."Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeOn Wednesday Fed researchers released a report titled "Preconditions for a general-purpose central bank digit...

SOURCE / GT VOICE By Global Times Published: Feb 24, 2021 09:37 PM Photo: XinhuaThe United States is not a front-runner in creating its own sovereign cryptocurrency, but thanks to the country's enormous financial influence, the world will still be watching closely any new developments by its central bank.  Federal Reserve Chairman Jerome Powell told the US Congress on Tuesday that the central bank is "looking carefully" at issuing a digital dollar. With the dollar's dominant role among the world's reserve currencies, the US doesn't have to be first in rolling out a digital currency, but...