A synthetic central bank digital currency (sCBDC) based on public-private partnerships is better than a fully functional CBDC, according to the International Monetary Fund (IMF). Tobias Adrian, director of the IMF's currency control and capital market department, and Tommaso Mancini-Griffoli, deputy department head, described the benefits of the sCBDC model on a blog. She intends to leave the issue and support of stable digital currencies to private issuers, and […]
Author: BlockchainJournal
Although the TON development team has a little more than a month left to finish work on its blockchain platform, investors admit that they know no more about the project than everyone else, and blockchain testing developers say that it lacks many important links. On Tuesday, in its official channel, the Telegram team announced an open competition for the development of smart contracts with deadlines until October 16, two weeks before the main deadline of TON itself. The winner is promised $ 200-400 thousand. In essence, this means that the Durovs team invited the community to help it with the…
Chinese mining equipment manufacturer Canaan Creative has introduced a new ASIC miner for Ethereum mining , whose efficiency is 5 times higher than the performance of public GPUs, the Cryptoslate portal writes . According to the documentation presented on Thursday at the New Era of Mining Summit in China, the Canaan device is 5.3-7.5 times higher than consumer equipment in terms of watts per megahash per second, traditionally used to measure the effectiveness of miners. According to Canaan itself, the new ASIC miner is not a development of the company as such, but is distributed through its channels in China.…
As part of her speech at the DACOM New York Summit, Hester Pearce, representative of the SEC, commented on the Commission's position regarding the crypto industry, and also spoke about the possibilities that could contribute to the fight against fraud. Pierce believes that cryptocurrencies can be considered as a "transaction mechanism", and their main feature is the presence of a function that allows them to be considered as a means of accumulation. The SEC representative believes that, with the development of cryptocurrency technology, it can be even more regarded as Internet money. The Commissioner also commented on the situation with…
Ripple senior vice president Marcus Tricher said Facebook’s digital drawback is that it is a closed system. In a CNBC interview, Tricher used the term “fenced garden,” which was previously used to control technology companies such as Facebook and Apple over their software. As you know, the Libra Association consortium will manage the project. Now they enter it, […]
Russian banks have found a way to legalize cryptocurrencies . The Association of Banks of Russia (ADB) has prepared a report entitled “The Concept of Decentralized Cryptocurrency Turnover,” which is planned to be discussed at the organization’s site in early October. The document contains proposals on the legalization of digital assets in Russia using foreign experience. This is reported by Izvestia. In Russian legal practice, such a norm can be fixed within the framework of the concept of “newly created” (includes property independently produced by a citizen, for example, fruits, products, etc.). In this case, cryptocurrencies can be considered a…
On September 17, a public beta test was launched for the Hedera Hashgraph network, a distributed registry with a declared throughput of 10,000 transactions per second. The platform also launched its own HBAR token, a service for smart contracts and file storage, and three dozen applications already operate on its basis. How is the new Hedera Hashgraph platform arranged, what is its difference from the blockchain and whether it will have the strength to take its place in the cryptocurrency market. What is a hash graph? Hashgraph is a more efficient alternative to blockchain. This is also a distributed registry,…
Viber, a popular messenger in Russia, plans to launch its own cryptocurrency in our country. About this in an interview with Kommersant told the head of the company Jamel Agaua. Viber cryptocurrency goes to Russia In recent months, we have been tightly focused on cryptocurrencies from Facebook and Telegram, but Viber's plans have long been known. Let the messenger not have such a high profile as the two above-mentioned competitors, but the fact remains that it has a huge audience in Russia, and soon it can gain access to cryptocurrency. In his interview, Agaua noted that in order to launch…
The price of the first cryptocurrency continued to fall and fell below the psychological mark of $ 8,000 for the first time since June. Altcoins followed the flagship of the market, and the stablecoin Tether came in fourth in the CoinMarketCap ranking with a capitalization of $ 4.16 billion, ahead of Bitcoin Cash. The total market capitalization at the time of writing is $ 208 billion. Today, long positions […] were liquidated on the BitMEX bitcoin exchange
Bittrex, the U.S. cryptocurrency exchange, has implemented Chainalysis blockchain startup software for marking suspicious transactions in real-time Chainalysis KYT, CoinDesk reports. The system alerts you to potentially illegal transactions in 15 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, ERC20 tokens and stablecoins. In June, the FATF Anti-Money Laundering Development Group (FATF) tightened cryptocurrency regulation requirements […]