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“# Mainstream DeFi is ‘inevitable’: US currency comptroller ” The U.S acting comptroller of the currency, Brian Brooks, predicts th decentralized finance (DeFi) will render many of the financial services offered by banks obsolete, just as email disrupted the postal service. In an interview during DC Fintech Week on Oct. 19, Brooks predicted a not-too-distant…
“# 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…
“# New Zealand has no imminent plans to issue CBDC, says central bank exec ” Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the country has…
“# Leaders of global CBDC projects talk shop in panel today ” As part of DC Fintech Week, a digital conference on the governmental side of the financial technology sector, several international leaders gathered for an Oct. 19 panel called: Central Banks, CBDCs and Cryptoeconomics. “I don’t see technological barriers in this area, but I do…
“# Better to get it right than to be first with CBDC, says US Fed chair ” The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed that he is…
“# Getting the story straight: Blockchain to curb fake news ” With the United States Presidential Election set for next month, the concern over fake news has once again dominated public discourse. Fake news — the deliberate spreading of verifiably false information under the disguise of being an authentic news story — not only undermines…
“# Bitcoin mining’s future is green, and Russia has the best chance ” Last month, Chinese President Xi Jinping, declared that China has plans to become carbon neutral by 2060, calling for a “green revolution.” If the plan is properly implemented, it could help China to finally shed its biggest-polluter status and significantly improve the…
“# 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…
“# 33 money laundering crypto crims targeted worldwide in 3 separate cases ” Law enforcement officials from around the world hav taken action against a major transnational money laundering operation involving cryptocurrency. On Oct. 15, Europol announced a successful operation across 16 countries that resulted in the arrest of 20 individuals suspected of working for…
“#We Brits aren’t enjoying America’s export of political correctness” The world owes the United States a great debt. From security and trade to technology and culture, the world has so much to thank America for. But one American export we don’t all appreciate are your culture wars. I was born in Britain, and as I…