Council of Councils
Think Global Health
Online Store
International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
Are Cryptocurrencies Still the Future of Money?
March 2, 2023 11:48 am (EST)
- Explainer Video
Since the creation of Bitcoin in 2009, cryptocurrencies have exploded in popularity and accrued over $1 trillion in collective value. But market volatility in 2022 threatened the crypto ecosystem—after peaking at over $68,000 in November 2021, the price of Bitcoin fell to under $17,000 twelve months later. This instability has brought new scrutiny to the industry and the countries that have embraced Bitcoin as currency: El Salvador and the Central African Republic. Financial regulators are now calling for more crypto oversight, but global efforts to regulate the industry have stalled. Given this simultaneous rise in global popularity and concern, what lies ahead for digital currency and the future of finance?
Top Stories on CFR
Watermarking is often discussed as a solution to the problems posed by AI-generated content. However, watermarking is inadequate without other methods of detecting and sorting out AI-generated content.
Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.
Nine charts illustrate the extraordinary level of support the United States has provided Ukraine in its war against Russian invaders.