Blockchain is becoming a hot topic, but is it being effectively implemented around the world? Blockchain usage is exploding around the world. But despite the technology’s many vocal advocates, the spread of technology is never even. Adoption is limited by a number of factors, including infrastructure development, local resources and regulation. As happens with the […]
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Alex Tapscott discusses his recently released book Financial Services Revolution with Cointelegraph. When the United States Treasury said on Feb. 13 that it would seek to enact new regulations governing cryptocurrencies, the price of Bitcoin (BTC) fell by almost 2% within an hour. But Alex Tapscott, for one, thinks it unlikely that the U.S. government […]
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The top performers of this week are a mixed bag as many altcoins are overbought but traders will be keeping an eye out for those that appear to be picking up momentum. After numerous big companies exited Facebook’s Libra project and several regulators voiced their concerns, news about the project had taken a back seat. […]
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JP Morgan report says that current blockchain developments are lying down the foundation for digital money, but more centralization is needed. A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away. A report published […]
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Former Chairman of CFTC says it’s time for Federal government to create digital Dollar that is equivalent to the digital gold Bitcoin. Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC) believes it’s time for the Federal Reserve to issue a fully digital currency on Feb. 21. Giancarlo told Yahoo Finance’s On […]
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Digital lead for Calibra explains why Facebook has built a new programming language called Move to power the Libra blockchain. Digital lead for Calibra Ben Maurer gave a presentation on Facebook’s Move programming language at the Stanford Blockchain Conference on Feb. 19. Move was created by Facebook to provide a safe and programmable foundation for […]
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E-commerce giant Shopify has joined the Libra Association, a network of founding members supporting Facebook’s stablecoin project, Libra. E-commerce giant Shopify has joined the Libra Association, a network of founding members supporting Facebook’s stablecoin project Libra. Shopify, a major Canada-based digital commerce platform hosting more than one million merchants, will be collaborating on the establishment […]
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Central bank governors and finance ministers discussed regulatory oversight of cryptocurrency at the G20 meeting in Riyadh this week. Facebook’s plans to launch its cryptocurrency Libra this year has more than a few agencies in the European Union and the United States wondering what to do. While government bodies around the world are working to […]
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The digital currency set to be released by Facebook in 2020 still has unanswered questions from the EU. Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the […]
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The EU’s financial regulator released a lengthy 2020 report, which includes the dangers of big tech companies entering finance. The European Union’s securities regulator has put out a report warning of risks of Big Tech’s entrance into finance. “The high level of market concentration typically observed in BigTech may get carried into financial services, with […]
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