The Reserve Bank of Australia's (RBA) Head of Payments Policy, Tony Richards, recently commented on the RBS's stance toward a Central Bank Digital Currency (CBDC). The tone of the commentary was negative on the development of a CBDC, although the issue wasn't discounted entirely.
Mega bank JP Morgan commented on Square's recent decision to buy $50 million in Bitcoin. The bank sees it as being supportive of Bitcoin prices, and may lead to more purchases by Square in the future. JP Morgan also sees the move by Square as the opening of
The financial oversight arm of the G20, called the Financial Stability Board (FSB), has issued a report that calls for increased regulations over the stablecoin market. The report recognizes that G20 member states have limited control over how stablecoins could be regulated, as the stablecoin companies and custodians can simply
American Power Net (APN) recently completed a successful trial of Power Ledger's blockchain-based electricity trading platform in the USA. APN is now positive on using the platform in the US, which would allow sustainable energy producers to trade electricity over the public energy grid. During the trial 43
Alexander Lebedev, who owns UK newspapers the Evening Standard and The Independent, as well as the Russian media outlet Novaya Gazeta, has published an op-ed that is highly supportive of blockchain, DeFi, and decentralized currency. He asserts that, “blockchain technologies and smart contracts will make it unnecessary to employ the
Asic Jungle is launching a marketplace for used Application-Specific Integrated Circuit (ASIC) computers, which are currently the most widely used kind of equipment for Bitcoin mining. The company think that the market for ASIC computers would benefit from more transparency. According to the CEO of Asic Jungle, Artem Bespaloff, “Currently,
A recent addition to the Bank of England's Board of Governors, Andrew Bailey, has once again spoken out against Bitcoin. He told media, “I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value… It may have extrinsic value
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The Digital Dollar Project, which is lead by former US Commodities Futures Trading Commission (CFTC) boss Christopher Giancarlo, has published nine potential scenarios for a US Central Bank Digital Currency (CBDC). Each of the scenarios takes a different approach to how a CBDC would work in the USA, and lays
The US Department of Justice (DoJ) has released a comprehensive report on how it views the legality of cryptocurrency and blockchain. The report is supportive of blockchain development, however the DoJ is suspicious of tokens that preserve personal privacy. The report states that the use of Dash, Monero and ZCash
Tyler Winklevoss, who is a long time Bitcoin investor and co-founder of Gemini, sees Bitcoin being hit by a huge wave of new buying. According to the entrepreneur, Bitcoin's fundamentals are stronger than ever, thanks to inflationary pressure in the US monetary system. The Federal Reserve has expanded
Level01 just launched its decentralized derivatives trading app that uses AI to help traders better understand the market. The company claims that it is the first app of its kind in the world. Unlike many exchanges, Level01 doesn't act as a custodian for client funds, which are stored
Kava Labs' new DeFi protocol, called Harvest, will support XRP staking. At the moment, ETH is the most widely staked token, with more than $9 billion held in DeFi platforms. XRP is widely owned, now it can be used in the DeFi economy via Harvest. Participants will earn the
Crypterium is offering its app users fixed USDT loans with a 0% apr. Users will have to pay no interest on the loans, and there are no fixed repayment periods. Users can obtain a loan of up to 50% of the value of the BTC or ETH that is used
Brad Kam, a co-founder of blockchain-based web hosting company Unstoppable Domains, hosted an AMA on social-media platform Reddit last Friday. Unstoppable Domains offers people Ethereum-hosted websites, as well as the ability to send and receive crypto payments without using long address that are common for most forms of crypto wallets.
Analysis
Bitcoin has revolutionized the internet world. Users can use virtual money to buy very real things. Several years ago, it seemed like something fantastic, but today it has become a reality. But the question arises, how to operate with money that you cannot touch? The answer is simple enough with
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A number of legal firms are fighting over the $8.3 million in legal fees that were generated in the recent Tezos (XTZ) lawsuit. A US court found that Tezos was liable for $25 in damages to investors related to its 2017 ICO. Six legal firms were involved in the