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Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?

On-chain activity for stablecoins has surged over the last year, increasing by 800% according to the latest market intelligence, but could the increase in stablecoin issuance create inflation in the cryptocurrency markets as past allegations against Tether and Bitfinex have suggested ? In 2018, research published by John Griffins of the University of Texas and … Continue reading Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?

Permissionless Blockchains fit the Business World's Needs

R3 CTO Richard Brown recently published an interesting article. Among other issues, the story states explicitly permissionless blockchains have probabilistic confirmation of transactions. We want to clarify several parts of this problematic statement by describing how Concordium solves some of the challenges for Permissionless Blockchains. Transactions confirmation are not probabilistic Richard Brown claims that permissionless … Continue reading Permissionless Blockchains fit the Business World's Needs

BlackRock Gets Exposure to Bitcoin Through MicroStrategy, Both Firms U-Turn on Shaming Crypto

Investment giant BlackRock, the biggest stakeholder of MicroStrategy — has now indirect exposure to Bitcoin as the world’s largest intelligence company has recently purchased 21,454 Bitcoins. Although Bitcoin’s price did not seem affected by the recent news of MicroStrategy’s new capital allocation of investing $250 million in Bitcoin (BTC), the majority of crypto analysts and … Continue reading BlackRock Gets Exposure to Bitcoin Through MicroStrategy, Both Firms U-Turn on Shaming Crypto

Reserve Bank of Australia May Still Have Its Eye on CBDC After All

The Reserve Bank of Australia’s (RBA) Head of Payments Tony Richards has weighed in on the emerging topic of central bank digital currencies (CBDC), suggesting that the country’s top bank may not have entirely given up on the quest to pursue CBDC issuance. Speaking at the UWA Blockchain, Cryptocurrency, and Fintech Conference, Richards noted that … Continue reading Reserve Bank of Australia May Still Have Its Eye on CBDC After All

Reserve Bank Of New Zealand Wants to Preserve Cash, Monitors CBDC Developments

The Reserve Bank of New Zealand—Te Pūtea Matua—seeks to preserve the benefits of cash for its citizens, while paying close attention to the future of money and central bank digital currency (CBDC) development. The Reserve Bank of New Zealand, (Te Pūtea Matua) seeks “to preserve the benefits of cash for all who need them” for … Continue reading Reserve Bank Of New Zealand Wants to Preserve Cash, Monitors CBDC Developments

What Can You Buy With Bitcoin?

Bitcoin (BTC) has been on a price surge lately, surpassing the $16,000 resistance for the first time since 2017, but as the crypto’s value increases many are asking the question—what can you buy with Bitcoin? Since Laszlo Hanyecz, aka ‘Bitcoin Pizza Guy,’ traded his 10,000 BTC for two large Papa John’s Pizzas with eighteen-year-old Jeremy … Continue reading What Can You Buy With Bitcoin?

Twitter and Facebook Grilled in Senate Hearing Over Social Media Censorship of US Presidential Election

Facebook and Twitter are facing heat from US Congress for how they handled political misinformation circulating on social media platforms during the 2020 US presidential elections. In a congressional hearing with the US Judiciary Committee, Facebook Chief Mark Zuckerberg and Twitter’s CEO Jack Dorsey were called to testify virtually for the way political posts were … Continue reading Twitter and Facebook Grilled in Senate Hearing Over Social Media Censorship of US Presidential Election

US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”

The US Treasury Department was on the receiving line of a huge security breach suffered late Sunday night that saw their internal servers targeted. Emails belonging to the NTIA office, operating under the Department of Commerce, were infiltrated, and according to people familiar with the talks, the US department’s Microsoft Office 365 was breached. They … Continue reading US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”

Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles

Analyst narratives on why Tesla and Bitcoin crashed yesterday are many and varied, but a look at the Federal Reserve’s minutes from its December meeting could give an indication as the United States central bank officials continue hinting at scaling back QE to avoid wild asset bubbles. While the Federal Reserve hasn’t directly mentioned Tesla … Continue reading Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles

OMG Announces Kaiko to Expand Financial Instruments Global Identifier (FIGI) Standard for Crypto Assets

Enabling interoperability, transparency, and efficiency between industry participants BOSTON, MA – JANUARY 20, 2021 – Financial Instruments Global Identifier® (FIGI®) is an open standard for the issuance of unique identifiers that can be assigned to financial instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products. Kaiko has … Continue reading OMG Announces Kaiko to Expand Financial Instruments Global Identifier (FIGI) Standard for Crypto Assets