China Will Use Its Digital Currency To Compete With The USDAmid questions and speculation about China’s new central bank-backed digital currency termed DCEP, one thing remains clear: to the extent that China is working on digital currency, the main benefits would be to replace fiat cash with a layer of traceable digital cash, ingesting another layer of data
Grayscale Buys 33% of All Bitcoin Mined in Last Three MonthsGrayscale Investments bought up to 33% of all newly minted bitcoin over the last three months, as the asset manager continues to stockpile major cryptocurrencies.The investment fund added 60,762 BTC to its Bitcoin Trust Fund between February 7 and May 17, a researcher posted on Reddit. That’s the eq
Visa and cryptocurrency market: payment giant filed patent for cryptocurrencyVisa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem.The United States Patent and Trademark Office (USPTO) publis
What Was TON And Why It Is OverFor the last 2,5 years some of our best engineers have been working on a next-generation blockchain platform called TON and a cryptocurrency we were going to name Gram. TON was designed to share the principles of decentralization pioneered by Bitcoin and Ethereum, but to be vastly superior to them i
Ethereal Virtual Summit 2020: Key Points OverviewAs the world continues to prepare for a global pandemic, many sought after conferences and meetups have been forced to postpone or cancel their events.Earlier today, perhaps the most well-respected DeFi summit – Ethereal – releases a press statement that they will be taking their New York event onli
David Birch: we are on the verge of a cold war of currenciesA lot of the impacts of COVID-19 are straightforward to understand. Day by day we see the gutting information: the rising physique depend, the thousands and thousands of unemployed, the makeshift morgues in public parks. We grieve for these now we have misplaced. We fear about those that are suscept
IBM launches blockchain network to bolster medical supply chain during COVID-19Rapid Supplier Connect is designed to help health systems and government agencies identify and onboard alternative vendors when certain supplies and PPE are in shortage.IBM this week launched Rapid Supplier Connect, a blockchain-based network it says can help healthcare organizations, whether hospit
Ernst & Young Doubles Down On Its Bet With EthereumOn December 19th 2019, the audit and consulting giant Ernst & Young announced the release of their “third-generation zero-knowledge proof blockchain technology” to the public domain as part of the firm’s effort to make public networks ready for enterprise adoption.Ernst & Young’s advocacy of public
China’s Digital Currency Takes Shape; Will It Challenge Dollar?For two days in a row last week, amid coronavirus-related market meltdowns, a group of stocks on China’s main exchange moved so significantly that they triggered automatic circuit-breakers designed to halt trading. But trading was suspended not because the stocks plummeted. It was because they soare
Hacker returns $25 million stolen from DForce cryptocurrency platformA few days ago, an unknown hacker stole cryptocurrency worth $25 million, and then unexpectedly returned the stolen. Funds in various cryptocurrencies were withdrawn from the DForce platform in China. Ethereum alone was stolen for $10 million. DForce is an online service that allows users to make tr