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“# Pomp says US digital dollar needs to happen now ” Recent comments from Jerome Powell, the chairman of the U.S. Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC. In contrast, Morgan Creek Digital co-founder Anthony Pompliano argues that time…
“# Private Vs. State-run digital currencies: which could replace the dollar? ” According to David Birch, fintech guru and author of “The Currency Cold War”, if the U.S. doesn’t ramp up its efforts in the digital currency race, the global dominance of the dollar might soon be under threat. Such a scenario could find central…
“# Swiss gov’t starts consultation process for blockchain laws ” Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space. The consultation will happen among cantons, parties and other interested groups in this space. It is scheduled to continue for more than three…
“# 95% of winners in China’s CBDC lottery spent digital yuan prizes ” The vast majority of China’s $1.5 million digital yuan lottery winners have received and spent their “red packets” of digital yuan. As of Oct. 18, a total of 47,573 out of 50,000 lottery winners in China have received their prizes, Shenzhen authorities…
“# Bitcoin genesis block is the ‘New Testament’ of finance ” “Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.” For Christians, who much of…
“#Study finds ‘good’ governments fall harder than dictatorships” Oh, how the mighty have fallen … and may fall again. A new historical review by anthropologists at Purdue University has revealed that “good” governments — meaning those that supported social programs and did not amass disproportionate wealth — suffered “major” collapse compared to more tyrannical regimes….
“# Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16 ” Editor’s note Blockchain technology has attracted regulatory attention since its inception. The security of the Bitcoin network despite the value of BTC in play has consistently proved the resilience of blockchain technology in maintaining records across a vast range of parties….
“# Germany’s blockchain solution hopes to remedy energy sector limitations ” Distributed energy resources, or DERs, have the potential to disrupt traditional electricity markets. Therefore, it shouldn’t come as a surprise that innovative countries are looking toward emerging technologies that will allow DERs to transform entire energy economies. Germany in particular is interested in using…
“# The Bahamas central bank wants to make its digital ‘Sand Dollar’ global ” The Central Bank of the Bahamas (CBOB) is planning to make its central bank digital currency project interoperable on the international level. Bobby Chen, CBOB assistant manager of electronic solutions, claimed that the Bahamas’ digital currency — dubbed the “Sand Dollar”…
“#Norway blames Russian hackers for parliament email breach” Norway is the latest country to accuse Russia of infiltrating its systems. Government officials claim Russian state-sponsored hackers were behind a breach of its parliament‘s email system which was disclosed back in August. “This is a very serious incident, affecting our most important democratic institution,” said Norway…