As the monetary impacts of the coronavirus drive discussions surrounding central bank digital currencies, a U.K. blockchain firm has proposed a CDBD system to the Bank of England. United Kingdom-based blockchain firm L3COS has submitted a proposal to the Bank of England, or BoE, for a blockchain-based operating system to power a central bank-issued digital […]
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The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token. The Venezuelan government announced on June 11 that almost 15% of all fuel payments at petrol stations across the country were made using the Petro (PTR). This rise comes during the first week of […]
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Congressman Warren Davidson recaps yesterday’s hearing on the digital dollar, which seemed to reach new consensus across party lines — but the devil is in the details. In a June 11 hearing before the Congressional Fintech Task Force, everyone seemed to agree that they could improve financial inclusion by giving people more direct access to […]
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Bitcoin Strategist at Kraken, Pierre Rochard, explains why Bitcoin is the perfect asset against uncertainty despite its high volatility. Bitcoin Strategist at Kraken Pierre Rochard believes Bitcoin to be the perfect hedge against uncertainty, despite its high volatility. In an interview with Cointelegraph, Rochard pointed out the dichotomy of uncertainty and risk. While the former […]
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Experts are anticipating a stock market crash in the near term. Bitcoin may follow suit due to three main factors. Experts in the financial market and the crypto industry foresee a major stock market correction unfolding in the short term. Given the high correlation of Bitcoin (BTC) with stocks observed in the past three months, […]
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Belarus Central Bank authorizes several banks in the country to begin issuing tokenized offerings. On June 10, 12 Belarus’ commercial and state-owned banks received permission from the national central bank to issue digital tokens. They will distribute these digital offerings through an upcoming pilot program. According to Sputnik Belarus, the country has adopted Decree No. […]
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A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets. Protesters in Lebanon have set fire to the central bank in Tripoli in a show of anger with the country’s deepening economic crises and stagnant political orthodoxy. Joyce Karam of United Arab Emirates-based media outlet TheNational reported […]
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Ethereum creator Vitalik Buterin says recent high fees could be blackmail. Multiple transactions recently incurred millions in transaction fees on the Etheruem network, which creator Vitalik Buterin thinks could have been blackmail. “So the million-dollar txfees *may* actually be blackmail,” Buterin said in a June 12 tweet. What happened? Proposing his theory on the situation, […]
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Craig Wright’s legal team appears to alleged that he controls one of the Bitcoin addresses affiliated with an old Mt. Gox hack. One of the faces of anonymous coin Monero, Ricardo Spagni, also known as Fluffy Pony, tweeted out information indicating Craig Wright’s affiliation with a Mt. Gox-related Bitcoin wallet. “Just so we’re clear, Craig […]
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The New York Times has worked on a blockchain solution to combat misinformation, providing metadata on pictures found in social media. The New York Times publication has revealed the successful completion of a trial for a new blockchain-based system to detect misinformation. According to a June 12 blog post, the publisher built a prototype to […]
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