Above Photo: Ethiopian and Eritrean Americans and their supporters marched down Market Street, San Francisco, to protest US hybrid warfare against their home countries. The removal of Twitter accounts advocating for peace in the Horn of Africa shows the connection between the state and big tech companies. Freedom of speech is an illusion when communications are controlled by corporations which follow governmental dictates. At approximately 5 am PST on November 29th, I awoke to an almost uninterrupted buzz of text messages from my cell phone. I turned to my nightstand, put my glasses on and quickly learned through concerned friends that […]
Digital
122 posts
Above Photo: Federal Reserve Chairman Jerome Powell. (Federalreserve / Flickr) A question now on many economists’ minds is whether the United States should have its own CBDC. A compelling case for it is made by Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency. Whether the U.S. should have its own central bank digital currency (CBDC) is hotly debated. Several countries, including China, already have CBDCs in operation; but the U.S. Federal Reserve is proceeding with caution. Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency, is in favor of a CBDC and has made a strong […]
Public Health Or Private Wealth? The titans of global capitalism are exploiting the Covid-19 crisis to institute social credit-style digital ID systems across the West. The death by starvation of Etwariya Devi, a 67-year-old widow from the rural Indian state of Jharkhand, might have passed without notice had it not been part of a more widespread trend. Like 1.3 billion of her fellow Indians, Devi had been pushed to enroll in a biometric digital ID system called Aadhaar in order to access public services, including her monthly allotment of 25kg of rice. When her fingerprint failed to register with the shoddy system, […]
The American plane-maker Boeing has received $9.6 and $8,5 million contract modifications for Eagle Passive/Active Warning and Survivability System (EPAWSS), according to the U.S. Department of Defense contract announcements. The deal, which was a modification to a previous contract, exercises an option for engineering, manufacturing, and development; and initial operational, testing, and evaluation of EPAWSS. This contract modification provides for the procurement of two additional development Group B shipsets. – ADVERTISEMENT – CONTINUE READING BELOW – Work will be performed in St. Louis, Missouri, and is expected to be completed Oct. 22, 2022. Also, Boeing Co., St. Louis, Missouri, has been […]
BAE Systems, a global leader in electronic warfare, was awarded a contract from the U.S. Navy to deliver advanced technology capability. The details were given in a 10 November media release, to announce that BAE Systems has been awarded a five-year $94 million single-award indefinite delivery indefinite quantity contract. “We are bringing new advanced technologies such as artificial intelligence and autonomy to the Airborne Systems Integration Division,” said Mark Keeler, vice president and general manager of BAE Systems’ Integrated Defense Solutions business. “Our state-of-the-art digital engineering capabilities, and extensive experience in integrating airborne systems are further strengthening the warfighter’s ability to […]
The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks. Source link
Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank. Source link
Federal Reserve Chairman Jerome Powell will speak next week as part of a panel on the future of cross-border payments at the International Monetary Fund’s (IMF) annual meeting. Source link
The move comes as Ant, a global leader in digital payments, is readying what could be an offering worth up to a record $35 billion. Source link
The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital currencies (CBDCs) and found “no strong public policy case” for introducing a general use version of the Australian dollar. “Even though the use of cash for transactions is declining, cash is still widely available and accepted as a means of payment,” he said. “In addition, Australian households and businesses are […]
New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
I took a deep breath, trying to disassociate before saying what I had been mustering up the courage to announce to my boss for weeks. “I want to buy a one-way ticket to Thailand that will depart this March. Is there any way I can work remotely?” It was 2018, and I was so unbelievably sick of Washington, D.C. I’d spent five years in D.C and every aspect of my life felt completely predictable, and I was desperate for a change. The job I had at the time was done mostly through a computer, and that’s when I had an epiphany: […]
The proposal games out CBDC scenarios for fundamentally different potential digital currency end users. Source link
International financial authorities and seven of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Seven (G7) — an organization of finance ministers and central bank governors representing the United States, Canada, United Kingdom, Germany, France, Italy and Japan — said in a report last week that it is working with the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) to formalize the use of central bank digital currencies (CBDC) in banking systems. According to a new report released today, by the end of 2022, the […]
Chen Yulu, deputy governor of the People’s Bank of China, said at the weekend that the digital yuan project should be accelerated as an important part of the nation’s financial infrastructure. Source link
The rapidly growing city of Shenzhen will be giving away 10 million yuan (US$1.47 million) of China’s new sovereign digital money via lottery, as China seeks to test out and stimulate the usage of the digital funds, according to a report in the South China Morning Post. Source link
The People’s Bank of China (PBOC) said that 3.13 million transactions have been processed using the nation’s sovereign digital currency as part of a series of ongoing pilot programs in major cities such as Shenzhen and Xiongan. According to the bank’s deputy governor, Fan Yifei, the currency has been used for more than 1.1 billion yuan ($162 million) worth of transactions. Pilots will also be conducted at the Beijing Winter Olympics in 2022, he said. The pilot programs have made “positive progress,” with more than 6,700 use cases implemented as of late August for transactions ranging from bill payments and transport to government services. “PBOC regards […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
U.K. based fintech bank Revolut has partnered with Fireblocks, a digital asset transaction and storage platform, to provide a secure payments infrastructure for the digital bank’s new cryptocurrency services. Announced Thursday, Revolut will use Fireblocks’ wallet and network infrastructure when it offers new crypto services for its 13 million global retail customers. Source link
An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300 consumer digital wallets and 8,859 corporate digital wallets for residents of Shenzhen, Suzhou and Xiong’an to pilot a digital yuan. The digital wallets processed RMB 1.1 billion ($162 million) across 3.1 million digital yuan transactions between April and August when the pilots launched and ended, Fan said, making it the most widely used central bank […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Chinese digital currency is undergoing internal tests, according to the deputy head of the Chinese Central Bank, Fan Yifei. However, a crypto yuan’s exact release date remains unknown. According to Fan, thorough testing in limited scenarios are needed to ensure the new product’s stability. Cryptocurrencies have become one of the fastest growing assets this year. According to the Xinhua News Agency, the Bloomberg Galaxy cryptocurrency index has risen by 65%. For comparison, gold, the second-most profitable asset, has risen by a quarter. At the same time, Beijing has not yet legalised traditional decentralised cryptocurrencies; developing the digital yuan instead. Tests […]
Senate Banking Committee member Pat Toomey (R-Pa.) said Monday that he intends to take up digital currency regulation and payments system reform if he becomes the committee’s next chairman. Source link
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country’s e-government system, in supporting a central bank digital currency. Source link
The U.S. Army has announced that the Corpus Christi Army Depot (CCAD) released its first UH-60 Victor Black Hawk helicopter for delivery. The details were given in a media release, to announce that CCAD Commander, Colonel Joseph H. Parker hosted a formal signing ceremony immediately following a walk-around of the UH-60V Black Hawk with Chief Test Pilots, Crew Chiefs and the Director of Aircraft Production. In a recent news release Colonel Joseph H. Parker, CCAD Commander said, “This is the first of up to 760 Black Hawks that will modernize the helicopter fleet through the Army’s recapitalization program. They are Army […]
An executive member at the European Central Bank says a digital euro could protect the Eurozone’s monetary sovereignty from outside influence. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month. “The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that resembles cash,” the central bank said. Source link
A bill introduced by Rep. Tom Emmer could clarify the status of digital tokens issued as part of a securities offering under securities law. Source link
While one could fairly question how much influencers have given to us—as a species and a society—it’s undeniable that they’re real innovators when it comes to finding ways to be weird about race. Whether it’s blackfishing or posting black squares on Instagram as though that somehow supports Black Lives Matter, influencers just have a knack for being thoroughly embarrassing. And now they have a new medium: a photo-editing app with a brand-new feature that allows users to make their photos appear as though they were “were born on a different continent.” We can all see where this is going, right? This […]
The Chamber of Digital Commerce, a blockchain advocacy group based in Washington, D.C., announced Wednesday that former acting White House chief of staff Mick Mulvaney has joined the group’s board of advisors. In a press statement emailed to CoinDesk, the blockchain advocacy group also said Visa, Goldman Sachs and Six Digital Exchange (SDX) have joined the group as executive committee members. Source link
The OCC published guidance clarifying that federally-regulated banks can work with stablecoin issuers, the ECB thinks stablecoin is a “misleading” term and a group of banking veterans has spun up a new crypto fund. Top shelf Bitcoin fundsBanking veterans who have steered divisions at HSBC, Barclays, Citigroup and Merrill Lynch in the Asia-Pacific region are ditching traditional finance to invest in cryptocurrencies. Their new crypto fund, Liquibit Capital, will manage assets worth $50 million and will arbitrage a portfolio of bitcoin, bitcoin cash, ether, litecoin and eos, custodied with Fireblocks, with an eye to expand into derivatives trading. Elsewhere, tech legend and part-owner […]
January 2030. Looking back a decade, the COVID-19 pandemic of 2020-2022 did more than take five million lives and devastate the global economy. It revealed with searing clarity, weakness not just in our political leaders, governments and society, but in our systems for everything from supply chains to data and public health. The second era of the digital revolution had started to come of age with powerful new technologies like blockchain, AI, machine learning, robots, and the internet of things showing how the traditional systems and their institutions were outmoded. These technologies also created transparency that further revealed deep problems in […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
It’s pretty much guaranteed at this point that higher inflation is coming. The Federal Reserve, which has already printed about $3 trillion of new money this year, is now explicitly devoted to reducing the dollar’s purchasing power in a bid to revive the economy. Higher inflation also typically happens when a country gets laden with debt and interest rates are cut to zero, as is now the case in the U.S. “We’re at a moment where you may see some inflation,” Federal Reserve Bank of St. Louis President James Bullard said last week. The trend could be good for bitcoin, which many crypto investors believe […]
The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC) Source link
Sputnik spoke with Mr Rodrigo Sanchez, vice-president of product at dLocal, a fintech unicorn valued at over $1.2bn that focuses on connecting financially disadvantaged people in emerging markets with major eCommerce companies. Mr Sanchez began his career at Telefonica, managing numerous telecommunication projects, and later on checkout optimisation and at PayPal and user acquisition at eBay. He holds an Master in Business Administration (MBA) from the University of California, Berkeley and Bachelor of Science in Electrical Engineering in his home country of Uruguay. Sputnik: Can you tell us a little about your company and the services it provides? Which technologies does […]
DHS officials are putting up $25,000 in cash prizes to designers who win the month-long competition. Source link
Under the partnership, Anchorage will provide crypto custody services to Jewel, which is applying for its full bank license in Bermuda. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Senators pressed Google executive Donald Harrison over whether the tech giant wields too much power over advertisers and publishers in the digital ad market, amid widening scrutiny of the company’s dominance. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images Senators pressed Google executive Donald Harrison over whether the tech giant wields too much power over advertisers and publishers in the digital ad market, amid widening scrutiny of the company’s dominance. Chip Somodevilla/Getty Images A Google executive faced bipartisan grilling in the Senate on Tuesday over the company’s dominance in digital advertising, in a preview of arguments the tech giant […]
Gelato said the seed round will fund further development of its bot network that will provide automated smart contract execution. Source link
TikTok, Trump And The Need For A Digital Non-Aligned Movement By Juan Ortiz Freuler, InterPressNews. September 11, 2020 TikTok, Trump And The Need For A Digital Non-Aligned Movement2020-09-112020-09-11https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/glitch_map.jpg200px200px Recent weeks have seen a dramatic escalation in the U.S.’ stance towards tech companies from the People’s Republic of China (PRC). After hounding the telecommunications company Huawei for years, the social networking app TikTok is the latest Chinese company to enter the firing line. On 5 August U.S. Secretary of State Mike Pompeo published a press release that could be seen as the master plan that explained the logic behind these policies: creating a parallel internet, defined as a […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
A European Central Bank (ECB) panel tasked with exploring a central bank digital currency (CBDC) is set to reveal its findings in the near future, followed by a public consultation, said ECB President Christine Lagarde. Speaking at the Deutsche Bundesbank’s conference on banking and payments in the digital world Thursday, Lagarde addressed the competition to dominate payments on a global scale and considerations for a euro-zone retail CBDC. Lagarde said a digital euro would allow the bloc to be at the cutting edge of innovation, but the lack of payments integration in Europe indicated that foreign providers have taken the lead. […]
Japan is in no rush to digitize the yen but there are reasons the country should think seriously about a central bank digital currency (CBDC), said Tetsuya Inoue, formerly of the Bank of Japan (BoJ) and now a chief researcher at the Nomura Research Institute. Inoue is the author of a book on a digital yen. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Beijing wants the world community to adopt a set of rules for developing the digital economy, which would endorse national sovereignty over data and oppose mass electronic surveillance in foreign cyberspace. The code of conduct, dubbed the ‘Global Initiative on Data Security’, was presented on Tuesday by Chinese Foreign Minister Wang Yi at a conference in Beijing. While the name ‘United States’ was never mentioned in his speech, the official left no doubt that Washington’s recent attacks on the Chinese tech sector prompted the proposal. “Bent on unilateral acts, a certain country keeps making groundless accusations against others in the name […]
For Some, Homes And Neighborhoods Are Now Digital Prisons By Eddie Conway, The Real News. September 7, 2020 For Some, Homes And Neighborhoods Are Now Digital Prisons2020-09-072020-09-07https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/maxresdefault-e1599488840442.jpg200px200px Authors Maya Schenwar and Vikki Law argue that many alternatives to incarceration follow the same model of oppression as physical prisons. Eddie Conway: Welcome to this episode of Rattling The Bars. I’m Eddie Conway, your host, coming to you from Baltimore. Recently, there has been a new book out by two authors that has done extensive work in the prison system. The book is, Prisons By Any Other Name, and it was written […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
A major bank quietly opened up a wallet service for China’s central bank digital currency to public users – but quickly disabled it after the feature gained widespread attention. Around noon on Saturday local time, users of China Construction Bank (CCB), one of the big-four state-owned commercial banks, started to notice that a central bank digital currency wallet feature was available inside the bank’s mobile app. By searching “digital currency” in Chinese, users of the app could navigate to the digital yuan wallet service and further activate it by registering with a mobile phone number associated with their bank accounts at CCB. […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Price Point Bitcoin traded slightly higher early Thursday at $11,772 after falling for two straight days. The largest cryptocurrency by market capitalization has declined 1.3% this week as the U.S. dollar strengthened in foreign exchange markets. The greenback gained support Wednesday as the Federal Reserve said it wasn’t immediately planning to implement a “yield curve control” program that probably would have brought an accelerated pace of money printing. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Launched by software engineers from Porsche and NEAR Protocol, 1inch has raised $2.8 million in a funding round led by Binance Labs. The platform was launched at the ETHGlobal hackathon last year as a liquidity aggregator connecting multiple decentralized exchanges (DEXs). This summer, it reported passing $1 billion threshold in the total volume of tokens going through its smart contracts. Investors in its funding round, announced Tuesday, also included Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures. Loi Luu, founder of Kyber Network, and Illia Polosukhin, co-founder of NEAR Protocol, also participated. The startup […]
A former vice president of a top Chinese bank has argued that digital currency should replace fiat in the nation’s financial systems. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The central bank’s most senior economist now runs the department responsible for the digital currency task force and working group with other central banks. Source link
Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday. Source link
The OCC will allow banks to custody crypto, Visa has a digital currency playbook and a digital dollar is essential to America’s economic edge, said experts at a U.S. Senate hearing. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Digital Dollar HegemonyThe U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy conducted a hearing on “Winning the Economic Competition” between China and the U.S. on Wednesday where crypto was cited as a possible tool to maintain U.S. […]
Avanti Financial expects to open its doors this October with a new bank-issued digital asset. Led by Wyoming blockchain advocate Caitlin Long, the crypto-friendly bank announced Thursday its application was accepted by the Wyoming Division of Banking on July 15. Avanti will open in the fall because the regulator accelerated the timeline of its application process. In the same announcement, Avanti revealed its plans to issue Avit, a programmable digital asset that can only be issued by banks and will be treated as a cash equivalent. With Blockstream as the bank’s technology partner, Long said in an interview that “one could […]
Days after announcing an expected $200 billion IPO, the Alibaba affiliate has rebranded its enterprise blockchain to AntChain. Source link
The idea of a U.S. digital dollar is no longer a fringe novelty. Now, it may be a means to an end. The U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy conducted a hearing on “Winning the Economic Competition” between China and the U.S. on Wednesday. Once again, the idea of a Federal Reserve-administered central bank digital currency reared its head. Much of the hearing was about America’s economic relationship with China, and both nations’ economic relationships with the rest of the world. Four of the five speakers had no close ties to the crypto space, and discussed […]
Hailing digital currency’s potential to democratize electronic payments, financial services giant Visa appeared on Wednesday to redouble its efforts to “shape and support” cryptocurrency’s place in the “future of money.” Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Japan’s largest banking firm, Mitsubishi UFJ Financial Group (MUFG), is set to issue a digital currency in the second half of this year. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen. Source link
Thailand’s digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months. Source link
https://cdn1.img.sputniknews.com/img/07e4/07/11/1079910349_0:312:3001:2000_1200x675_80_0_0_2b0a8a906b407570965077d30ef07f8f.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/science/202007171079912896-microsoft-halts-production-of-xbox-one-x-one-s-digital-edition-prior-to-series-x-launch/ As Microsoft is planning to launch its Series X console later this year, speculations are circulating that the company will unveil a cheaper and less powerful version of its new-gen console in the nearest future. Microsoft has officially halted production of its Xbox One X and Xbox One S All-Digital Edition consoles ahead of the launch of its Series X that is scheduled to hit the shelves at the end of the year, The Verge outlet has reported. “As we ramp into the future with Xbox Series X, we’re taking the natural step of stopping […]
The Bahamas is betting its mobile phone-based digital currency could be the key to faster post-disaster economic recovery. Source link
Patrick Murck is chief legal officer at Transparent Systems, developers of distributed settlement solutions, and an affiliate at Harvard’s Berkman Klein Center. Linda Jeng is global head of policy and special counsel at Transparent Systems and a senior fellow at Georgetown’s Institute of International Economic Law. Digital dollars can be designed in any number of ways, and these design choices will have profound implications for the people who use them. Congress should carefully consider why we need a digital dollar and what should be the core objectives. Is the goal of a digital dollar simply to make payments more efficient, or […]
Fresh new soils can now be tilled for yield on Ethereum: the world of digital collectibles. Yield farming has turned decentralized finance (DeFi) into the juggernaut of crypto earnings here in mid-2020, but one non-DeFi startup believes that its users will also be interested in earning a new governance token for making trades. Starting Wednesday, Rarible, a dapp that enables users to create and market non-fungible tokens (NFTs, will begin keeping track of all transactions on the site in order to reward users each week with its new governance token: RARI. In fact, the largest share of RARI will go to […]
Now three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative. Source link
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202007101079852488-us-to-impose-25-additional-tariffs-on-french-imports-as-response-to-digital-tax/ France’s tax has been a source of tensions between Paris and Washington, as the latter believes the tax unfairly targets US companies. The United States will impose additional 25 percent tariffs on imports from France, estimated at $1.3 billion, as a response to the French digital tax. It will also suspend implementation for up to 180 days. MORE DETAILS TO FOLLOW Source link
If there’s one thing we can thank the coronavirus pandemic for, it’s a math lesson. Watching an infection lead to two, then four, then eight, then 16, then 32, then 64, then 128 and so on, people found a real-world reason to comprehend the phenomenon of exponentiality. Without such context, it has been historically hard for our linear-minded brains to appreciate how rapidly network-driven growth happens. It’s a failing we’ve had for centuries. (See: the legend of the emperor who had to hand over all the rice in the land to the inventor of chess.) You’re reading Money Reimagined, a weekly look […]
The Commodity Futures Trading Commission (CFTC), which regulates the U.S. bitcoin and ether derivatives markets, plans to develop a digital asset innovation blueprint by 2024. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Chinese equivalent of Uber will pilot the nation’s digital yuan, a major Ethereum alliance is moving to support DeFi as Nexo gets ready to enter the prime brokerage space with help from Chainlink. Here’s the story: FOMOTikTok videos and a fomenting sense of FOMO have driven trading volumes of dogecoin up nearly 2,000%, as of Monday, according to Messari. The meme-inspired asset’s price climbed 35% over the same period. The Dogecoin Twitter handle has issued a statement saying: “Be mindful of the intentions people have when they direct you to buy things. None of them are in the spot to be financially advising. Make […]
DiDi, the Chinese equivalent of Uber, is forming a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform. A spokesperson of the Chinese ride-hailing mobile service told CoinDesk in an email response that it has entered into a strategic partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC) in an effort to accelerate the application of the CBDC, known as Digital Currency Electronic Payment, or DCEP. “Under PBoC’s overall DCEP strategy and operation timeline, DiDi’s DCEP taskforce will design and implement pilot DCEP projects in accordance with […]
The Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, said it would prioritize strengthening its anti-money laundering and counter-terrorist financing efforts through digital transformation as new leadership gets under way. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
In this audio interview, CoinDesk’s Leigh Cuen and Blockade Games co-founder Marguerite deCourcelle talk about bitcoin’s impact on artistic careers. From collecting unique, interactive pieces to designing video games, Cuen and deCourcelle explore how crypto could redefine modern art. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. Bitcoin is money but blockchain technology can also be used in a wide variety of art projects. Perhaps the best known variety of blockchain-based visual art is non-fungible tokens (NFTs). For example, Blockade Games co-founder Marguerite deCourcelle said her startup […]
Not every U.S. lawmaker is on board with the idea of a central bank digital currency (CBDC) or digital dollar, but no one explicitly rejected it during a hearing of the powerful Senate Banking Committee Tuesday. That’s probably the biggest takeaway from Tuesday’s hearing, where the panel heard from former regulator turned CBDC evangelist Chris Giancarlo, Paxos CEO Charles Cascarilla and Duke Law professor Nakita Cuttino as expert witnesses. The lawmakers present asked questions about financial inclusion, including what potential regulations or laws might make digitization easier and more accessible to the unbanked. “The U.S. needs a digital dollar,” said Senator […]
The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on “The Digitization of Money and Payments,” and while few details have been released, the witnesses – former Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo, Paxos co-founder and CEO Charles Cascarilla and Duke University Visiting Professor of Law Nakita Cuttino – suggest the focus may center in part around central bank digital currencies and stablecoins. The hearing may tread similar ground to a recent one hosted by […]
Sergey Medvedev, a Russian national who operated a digital currency escrow service for the $568 million payment card fraud forum he founded in 2010, pleaded guilty to racketeering charges in what the U.S. government called its largest ever cyber fraud case. Medvedev, 33, admitted in his June 26 plea before the U.S. District Court for Nevada that he founded and ran the Infraud Organization, an international cybercrime enterprise that facilitated the sale of credit card and equipment theft, malware and stolen account information during its eight year reign. He also acknowledged running a “digital currency” exchange and escrow service for Infraud’s […]
Sweden’s Riksbank has looked into the viability of central bank digital currencies (CBDCs) for its local market and declared mixed results. In a 96-page economic review, updated June 18, the world’s oldest central bank presents four models for supplying a digital version of the Swedish krona (e-krona) as well as outlining how well the different models would fit its policy goals. Those goals include fostering a stable store of value and unit of account, being a lender of last resort (LOLR) providing a secure means of payment and settlement and providing tools for preserving financial stability. Amid that backdrop, the four […]
Alethea AI, a synthetic media company, is piloting “privacy-preserving face skins,” or digital masks that counter facial recognition algorithms and help users preserve privacy on pre-recorded videos. The move comes as companies such as IBM, Microsoft, and Amazon announced they would suspend the sale of their facial recognition technology to law enforcement agencies. “This is a new technique we developed inhouse that wraps a face with our AI algorithms,” said Alethea AI CEO Arif Khan. “Avatars are fun to play with and develop, but these ‘masks/skins’ are a different, more potent, animal to preserve privacy.” See also: Human Rights Foundation Funds […]
The full life of a digital asset-backed security (ABS) on a blockchain can be settled in 40 minutes versus the 10 to 14 days it would take in a paper-based setting. That was the outcome of a pilot first revealed June 11 by mutual fund giant Vanguard in partnership with blockchain startup Symbiont, Citi, BNY Mellon, State Street and an unnamed ABS issuer. The goal of the project: to see if the decades-old Wall Street practice of repackaging contractual debt – be it car loans, mortgages or credit card debt – into bonds sold to investors, known as securitization, can be […]
The Italian Banking Association (ABI) announced Thursday that its banks are willing to pilot a digital euro. The group shared 10 considerations for a digital euro in Thursday’s announcement, starting with, “Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.” The group prioritized the need for a digital currency framework to be fully compliant with EU regulations to win the public’s trust, and said banks will play a critical role in upholding that trust. In its second guideline, the group said Italian banks are already working with distributed ledger technology, referencing the […]
The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC). The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement Group, Thailand’s oldest cement manufacturer, and its suppliers. The bank said the digital currency prototype is being developed by Digital Ventures, a fintech-facing venture capital wing of the Siam Commercial Bank that invested in Ripple in 2016. According to the statement, the project will also include a feasibility study on the […]
The U.S. Securities and Exchange Commission (SEC) moved to halt an allegedly fraudulent digital asset investment fund run by two Pennsylvania brothers. The SEC announced Friday it had filed a temporary restraining order and asset freeze against Sean and Shane Hvizdzak and their corporate entities, alleging the brothers stole millions from victims who thought they were investing in high-growth crypto opportunities. Investors had been told they were getting in on a high-growth fund that doubled its money in a single quarter and grew an additional 90% the next, according to the SEC. The Hvizdzaks ran multiple firms, including “Hvizdzak Capital Management” […]
The Washington Examiner published an excerpt of John Bolton’s new book detailing a dramatic scene in which President Trump told Treasury Secretary Mnuchin to go after bitcoin before tackling trade with China. This news follows a report from the Drug Enforcement Administration (DEA) showing how the agency failed to properly oversee crypto investigations, and Fed Chair Jerome Powell’s statement that a “digital dollar” should be investigated. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf […]
With Galaxy Digital now working on an educational course for financial advisers, founder Mike Novogratz told CoinDesk he hopes it will help finally kick-start the institutional use of bitcoin, and turn around the asset manager’s fortunes. Novogratz, a Wall Street veteran, loves a compelling narrative. “Bitcoin specifically is a story about adoption,” he said a few minutes into our call. “And the next big group that’s going to adopt bitcoin as a store of value, as a digital gold, are the financial advisers.” Earlier this week, Galaxy Digital announced it had partnered with the educational arm of CAIS, a financial product […]
Earlier this week, US Trade Representative Robert Lighthizer pointed out that no progress had been made in negotiations between American and EU officials on a global digital tax deal. French Foreign Minister Bruno Le Maire has slammed the US over its move to suspend talks on a global digital services tax, proposed by the Organisation of Economic Co-operation and Development (OECD). Referring to US Treasury Secretary Steven Mnuchin’s recent letter on the matter, Le Maire described the document as “a provocation”. “It’s a provocation towards all the partners at the OECD when we were centimetres away from a deal on the […]