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Road to a US CBDC? Ex-CFTC Chairman Released Written Remarks on Digital Dollar in Davos 2020

J. Christopher Giancarlo, the ex-chairman of the U.S. Commodity and Futures Trading Commission will touch upon his Digital Dollar Initiative and state the advantages of a United States’ Central Bank Digital Currency (CBDC) at the World Economic Forum in Davos.

In the past, the creators of the initiative broadcasted details about the project in two separate Wall Street Journal articles, although none of them have openly highlighted details about a CBDC. In contrast to other cryptocurrencies or stablecoins, the purpose of the CBDC is its digitalization of fiat money issued and approved by the state. Certain areas within the U.S. Government have already explored the increasing potential that the launch of a CBDC could bring.

Recent comments by Giancarlo, expressly state that the Digital Dollar Initiative will provide for a framework that will enable practical ways to begin a dollar CBDC. “The Project will ultimately seek to identify options for a CBDC solution that enhances monetary policy effectiveness and financial stability.”, he added.

Despite skepticism from several central banks internationally, Giancarlo elaborated that the implied effect of these digital currencies on the national bank’s financial system and the domestic economy are under uncertainty. Moreover, there are other concerns such as privacy, security, fraud, and money-laundering. Nevertheless, Giancarlo counters that “The adoption of a digital dollar in the U.S. is seen as critical to a possible orderly recalibration of the dollar’s attractiveness relative to other digital currencies to support stable international monetary conditions.”

Image via Shutterstock

Greater Bay Area Blockchain Week 2021 to Bring Global Attention to Blockchain Innovation

A nearly week-long event of the GBA Blockchain Week 2021 will convene thousands of online viewers to the brightest spot on today’s global financial map. The event, including the core 2-day Virtual Summit, will be broadcasted globally and in China, showcasing cutting-edge technologies and its most exciting case studies.

Conference agenda will revolve around a series of keynotes, fireside chats and interactive live panel discussions led by over 100 industry experts. Over 2000 participants from 50+ countries are expected to attend the GBA Blockchain Week.

Key industries affected by technologies like blockchain and AI will be explored during sessions dedicated to development of smart regulation, DeFi, NFT’s, public blockchain networks, investment strategies, blockchain governance, as well as fintech bridges from GBA to EMEA regions.

China’s own Greater Bay Area such as Hong Kong and Macau as well as cities within the Southern Guangdong province, is home to almost 70 million people. The area consists of unique city clusters: the financial and legal centre for APAC, Hong Kong as well as Macau, enjoying the world highest GDP per capita. To top it off, China’s own Silicon Valley, Shenzhen. These counteract with other prominent bay area’s such as San Francisco or Tokyo. The area is a test ground for urban infrastructure innovations and financial tech, and is expected to see accelerated growth of capital and talent in the next few years.

Speakers and high-profile experts from all over the world will converge to GBA Blockchain Week 2021 to discuss major opportunities and prospects of China’s heavily discussed project of DCEP. The digital yuan has been already launched for several batches of testing in GBA. Participants will also assess legal frameworks and results of operation of virtual banks’ ecosystems in the region.

Themes mentioned on the event agenda will cover the brightest momentum for digital assets: the Bitcoin Bull-run has certainly boosted further interest, particularly from a vast number of professional investors within the Cryptocurrency believers club. Institutional investors definitely drive the attention to mass adoption, bringing together the big industry players and international regulators to create a safe and progressive environment.

Juwan Lee, Chairman of NexChange: “Greater Bay Area Blockchain Week brings a unique chance for the world to learn how technology changes the way so many industries operate in one of the most tech-advanced places on earth.”

About NexChange: NexChange Group is a venture builder and media platform specializing in Blockchain, FinTech, HealthTech, AI, and Smart Cities. NexChange is known for hosting annual Hong Kong Blockchain Week, a premiere blockchain event organised in closed collaboration with local governments.

For more information on the speakers, agenda, side events and partnerships, please visit https://www.gbablockchainweek.net or contact: info@nexchange.com

Image source: GBA Media

Forum Blockchain Life 2021

Sixth biggest offline event on blockchain, cryptocurrencies and mining – Blockchain Life 2021 – taking place on April 21-22 in Moscow.

Every year the event gathers 4000 participants at the innovative venue Music Media Dome.

For more information: https://blockchain-life.com/europe/ru/

Among the participants and exhibitors of the forum: the leading global companies of the industry, investors and funds, business owners, startups, miners, government officials and other special guests who are interested in the development of one of the most promising areas nowadays.

Blockchain Life 2021 brings together performances by world industry speakers, more than 3 000 m² of exhibition area, productive digital networking that begins days before the event, and various other unique formats of interaction between participants at the venue.

Quantity of tickets is limited.

The price starts at 29$Buy a ticket for the best price: https://blockchain-life.com/europe/ru/#tickets-row.

Image source: Blockchain Life 2021 Media

Blockchain Finance Forum: Europe 2021

Wisdom announces its upcoming not-to-be-missed Blockchain event

Through a series of top-level presentations, interactive panel discussions, and solution-based case studies the Blockchain Finance Forum: Europe 2021 will explore the effects that this new disruptive technology has on the European financial sector, and at the same time showcase the best practices and models to recognize and seize the opportunities to generate new revenue, deliver process efficiency, improve end-user experience and reduce risk in business operations that come with it.

The Forum will count on 30+ expert speakers from well-known organisations like the European Commission, Swiss National Bank, European Banking Federation, the British Blockchain Association, European Blockchain Partnership, Deutsche Bank, Aviva and many more

Benefits of joining – Participants will meet the market leading companies, and listen to their best-practice examples and case studies on blockchain technology supporting the financial sector – Engaging speakers: blockchain experts, cryptocurrency leaders, solution providers and startup founders who think outside of the box and can offer exciting new ideas – To learn how companies with the help of blockchain can enable faster and more transparent payments, reduce the KYC and onboarding costs, improve operational efficiency and achieve automated regulatory compliance – To uncover new products and technology and explore new market opportunities – To gain a competitive advantage in a rapidly changing business environment – Participants will join a unique platform to share know-how among industry peers and grow their professional network

Key topics – Tokenisation of digital assets – Reduce KYC and onboarding costs with the use of DLT – Blockchain to enable faster and more transparent payments – Stablecoins and CBDCs changing the landscape – Crypto ecosystem business opportunities – how to ensure true interoperability – Blockchain platforms revolutionizing the insurance industry

The Blockchain Finance Forum: Europe 2021 will be delivered through an advanced networking tool.www.blockchainfinanceforum.comSpecial 10% Discount Code: BlockchainNews10

Image source: BFF Media

The End of Bitcoin: Which Cryptocurrencies will survive a future crash?

During the Covid crisis, casual investors started to swap stocks and shares and even golf for investment in cryptocurrency, with Bitcoin and other altcoins like Ethereum proving to be hugely popular.

Elon Musk continues to endorse cryptocurrencies on Twitter, and his company Tesla has invested $1.5 billion into Bitcoin, amounting to a huge 7.7% of its gross cash position. Proving that some of the major stock market players believe Bitcoin has a huge future. But what will happen ten years from now?

CoinList invited a team of experts to explore the future of cryptocurrency in a wide-ranging interview. The Pareto Principle, better known as the 80:20 ratio, is the idea that 80% of the market will be monopolised by 20% of the competition.

With thousands of different coins all vying for a market share and as many as 1,700 of them already “deceased”, is the crypto market headed for a modern-day Dot-com bubble? If so, which altcoins will be left standing in the event of a future crash?

The panel also considered the future of cryptocurrencies, with general agreement that they would revolutionise the financial system, as well as predictions that the recent current bull run would gather pace again in the second half of this year.

The experts also discussed the here and now, giving their price predictions for the end of June, which ranged from $25,000 to $500,000!

The panel consists of:

· Jean-Yves Sireau – Founder and CEO of trading platform Deriv

· Paul Sokolov – CEO of custody-free crypto wallet Guarda

· Anna Chertoc – CEO of cryptocurrency exchange aggregator Swapzone

· Lennart Clausen – Head of Trading at Scandinavian Forex and CFD broker Skilling

· Pavel Matveev – Co-founder and CEO of blockchain-based payments platform Wirex

You can read the panel’s answers in the full article here.

Crypto Industry Key Topics to be Explored at Blockchain Fest Singapore

[Singapore] On 16-17 February 2023, thousands of professionals in the Blockchain, Exchanges, Cryptocurrencies, NFTs, DeFi, Mining, Gaming, Online Payments, Investment, and FinTech Industries will gather at the Marina Bay Sands Convention Center for the Blockchain Fest SIngapore 2023.

The two-day event will feature a range of interactive sessions and panel discussions on a variety of topics, including Blockchain and Cryptocurrency Laws and Regulations 2023, featuring Surya Sarella, CEO of Blocksol Media, Jonathan C. Dunsmoor, founder and principal of Dunsmoor Law, and Anndy Lian, best-selling book author of ‘NFT : From Zero to Hero’. Another highlight of the event will be a discussion on “How Blockchain and Cybersecurity Work Together”

There will be a freeside chat session on the topic. One of the standout topics for the event is “True Digital Ownerships with DeFi & NFTs”, featuring Jonas Thuerig, Head of F10 Asia at F10 Global, and Krinza Momin, Developer Relations Engineer at Ankr.

We also have keynote sessions on “The Opportunities in the Current Market for Established Exchanges”, featuring Toya Zhang, CMO of Bit.com. Other topics to be covered include “Web3 Startup Strategies” by Tobias Bauer, Principal at Blockchain Founders Fund.

Blockchain Fest Singapore 2023 is a must-attend event for professionals looking to stay up-to-date on the latest developments in the industry and connect with like-minded individuals. Another highly anticipated keynote is “Tokenomics : Guaranteeing the Sustainability of Web3”, with Eloisa Marchesoni, Tokenomics Expert and VC Partner. “Insurance as an Enabler to the Crypto Industry” will also be a keynote topic, with Joel Pridmore, Managing Director of the Frontier Global Underwriting, leading the discussion. In addition, El Lee, Digital Treasures Centers, will be presenting on the topic of “Next Crypto Spring Starts with Web3 Payment !”.

We will kick off the second day with a presentation from Dr. Patrick Chin, CMO of Mintable, on “The Phenomenon of NFT”, followed by a talk on “Central Bank Digital Currencies (CBDCs) and Stablecoins : Co-existence or Overlap ?” with Dr. Oriol Caudevilla, FinTech and Blockchain Advisor and host of Digital Tomorrow podcast.

Next, don’t miss the panel discussion on “GameFi 2.0| The Next Big Thing in Crypto ?” featuring Rico Pang of Sanctum Global Ventures, Felix Sim from Salad Ventures, Elston Sam of Ethlas, and Jisheng Tan from Playermoon.

Following the panel, we will have a special session on “Women in Crypto”. In the afternoon, we will have a discussion on “Navigating Crypto as a Venture Fund” with Arthur Tan of Metapac Group, Karnika E. Yashwant of Key Difference Media and forward Protocol, and Darius Askaripour, of Varys Capital. We will wrap up the day with a panel discussion from Ryan Liew of Copia Corporation Limited on ”What will the future of NFTs look like for people and companies ?”.

Blockchain Fest offers a great deal of networking opportunities and is one of the most important aspects of the event. This is an opportunity for you to meet and network with a number of experienced individuals at the conference.

In addition to bringing together the world’s best investors, industry insiders, and startups, Blockchain Fest also creates unique business and networking opportunities. So, don’t miss out on this event ! Book your ticket now on https://blockchain-fest.asia/#top.

Solana Spaces to Close Down Stores

Solana Spaces has decided to close its two Solana (SOL)-themed, community-oriented retail shops in New York City and Miami at the end of this month. These stores are situated in both cities respectively. This decision was taken as a result of the fact that the physical shops did not bring in as many new users as was first anticipated when they were first opened.

Solana Spaces announced the news through a tweet on February 21, which also contained a message from the shop’s founder, Vibhu Norby, explaining the many factors that contributed to the decision to close the stores.

Norby, who founded Solana Spaces in the early part of 2022, explained that the company had reached a “inflection point” with the stores, which prompted them to shift their investment focus to “DRiP,” the firm’s brand-new nonfungible token artwork airdrop platform. This move was prompted by the fact that the company had reached a “inflection point.” Norby also said that he was the one responsible for establishing Solana Spaces in the first place.

“While our stores onboard between 500 and 1,000 people per week, DRiP onboards that same number EVERY DAY,” Norby noted, explaining why the firm opted to shift its investment priority. “While our shops onboard between 500 and 1,000 people per week, DRiP onboards that same number EVERY DAY.” “While our shops bring on between 500 and 1,000 customers every week, DRiP brings on that same number every single day,”

Norby stated that the decision to close the stores, which are located in the Wynwood neighborhood of Miami and the Hudson Yards neighborhood of Manhattan, was made “a few weeks ago,” and that they would “sunset” at the end of the month of February. Both of these neighborhoods are in the city of New York.

Because the two stores in New York and Miami did not open their doors to the general public until the end of July and August, respectively, the ambitious endeavor was only operating for a relatively little period of time.