Mark Carney, Governor of the Bank of England, wants to replace the dollar’s dominant role in the global economic system with a cryptocurrency controlled by public authorities. He made the suggestion at a gathering of governors of the U.S. Federal Reserve in Jackson Hole, Wyoming. The Case for a Synthetic Hegemonic Currency (SHC) Carney’s… Read More BOE Governor Carney Makes Case For Digital Currency Spanning Borders
Facebook released details about its cryptocurrency this morning. The social media giant has been teasing details about the venture for the last six months, with periodic leaks in the mainstream and trade press. The move is widely anticipated to herald a reinvention of Facebook, enabling it to pursue new lines of business. Two Cryptocurrencies Facebook’s… Read More Facebook Releases Libra Details
North America’s biggest cryptocurrency exchange Coinbase unveiled Coinbase Earn – an education initiative for cryptocurrencies. The initiative enables users to earn cryptocurrencies by completing short educational tasks while learning about them. “It has the potential to expand the blockchain user base from the tens of millions of people with the resources to mine or buy… Read More Coinbase Launches Coinbase Earn For Crypto Education But Critics Say It Is A Revenue Stream
Besides providing the impetus for creation of another cryptocurrency, the 2016 hack of Decentralized Autonomous Organization (DAO), a human-less venture capital firm, also highlighted flawed governance models in cryptocurrencies. When faced with the choice of either freezing investor funds (and avoiding a blockchain split) or creating a hard fork with a new set of rules… Read More Can Liberal Radicalism And Quadratic Voting Solve Governance And Funding For Cryptocurrencies?
When Venezuela’s petro was launched in February this year, the country’s president Nicolas Maduro had great hopes for it. “Today, a cryptocurrency is being born that can take on Superman,” he said, in a reference to the U.S. sanctions which crippled Venezuela’s economy. The petro would presumably help the South American nation circumvent sanctions by… Read More The Case Of The Disappearing Petro, Venezuela’s National Cryptocurrency
The blockchain future might arrive sooner than you think, if the proliferation of courses related to cryptocurrencies and blockchain is any indication. According to research conducted by Coinbase and Qriously, a London-based ad-tech firm, 42 of the world’s top 50 universities have already jumped onto the cryptocurrency and blockchain bandwagon by offering, at least, one… Read More Top Universities Take The Lead In Crypto Courses And Education
Does the cryptocurrency world need another stablecoin? IBM Corp., a company which has been struggling to convince the stock market of its future growth prospects, seems to think so. The Armonk, NY – based company has partnered with Stronghold, a startup, to launch a stablecoin (or coins that are backed by fiat currencies) insured by… Read More IBM Partners With Startup To Launch New Stablecoin
For all their popularity, blockchain platforms have been plagued by an ever-growing list of compromised security scandals, thefts and hacks. This has had a detrimental effect on the reputation and valuation of the ecosystem. Now a slew of top venture capital firms is backing Oasis, a blockchain-based cloud platform which promises a solution to the… Read More Privacy-Focused Blockchain Platform Oasis Raises $45 Million From Top VCs
Along with a bursting of the cryptocurrency bubble, there might have been another implosion of sorts in recent months. According to a Reuters report, several banks and financial institutions have put brakes on their efforts to reinvent existing systems and processes using blockchain. The report names prominent financial institutions, such as Depository Trust&Clearing Corporation (DTCC)… Read More
Lightning Labs has launched a beta version of the first tested version of its software for Lightning Network, the technology which is expected to solve bitcoin’s scaling problems. The software is called LND and uses bitcoin and litecoin currently. Lightning Network decreases transaction costs and increases their speeds by making it possible to open channels… Read More First Version Of Lightning Labs Software Released