Cryptocurrencies lack trust so far to compete with fiat money. This opinion was expressed by Christian Gattiker-Ericsson, chief strategist of the Swiss banking group Julius Baer, in an interview with Arabian Business. He believes that the use of cryptocurrencies attractive to the general public has not yet been found, and the assets themselves are at the stage of natural selection. “We are still in this Darwinian selection process, […]
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The People's Bank of China will be the first central bank in the world to issue a viable digital currency, while the Libra project from Facebook will fail. This opinion was expressed by Vice Chairman of the China Center for International Economic Exchanges (CCIEE) Huang Qifan, reports Pandaily. Speaking at the First Financial Summit in Shanghai, Huang Qifan emphasized that in the current digital era, methods of calculation between […]
The Chinese province of Sichuan, which produces 70% of all bitcoins in the world, has all the opportunities for an even wider attraction of miners. This was reported by CoinDesk with reference to a statement by the former vice president of the China Securities Regulatory Commission, Yang Jiang. In his opinion, the excess of hydropower in Sichuan historically allows the region to effectively develop the mining business. “The main application of the blockchain in […]
Huobi Japan cryptocurrency exchange has attracted 500 million yen (~ $ 4.6 million) of investments, The Block reports citing the website of the Japanese division. A stake in Huobi Japan was received by the local financial company FPG Corporation. The funds will be directed to “expanding the business in Japan”, developing digitalization of securities services, developing innovative payment solutions and issuing new financial assets. "We are sure, […]
The Association of National Numbering Agencies (ANNA) has created a digital asset working group. She intends to assign cryptocurrencies and tokens with an international securities identification code (ISIN), according to a press release. “The emergence of digital assets as a new investment class has made it important to have high-quality standardized data as the basis of the token market,” ANNA said. In particular, the working group will focus on defining […]
During a discussion on blockchain at the Open Innovations forum in Skolkovo, representatives of business and other relevant organizations discussed the current state of technology, its significance for society, and also possible ways of its development. So, the president of the Federation of Intellectual Property Sergey Matveev emphasized that the blockchain technology is “absolutely social” and this is its main significance. “Blockchain is not an IT story. […]
The TruePlay gambling platform team presented their product at the seventh annual BlockchainUA conference in Kiev. Alexander Antsiferov, head of TruePlay development, spoke about the main problems of online gambling, why blockchain is able to solve them and how these solutions are implemented in TruePlay technology. One of the solutions mentioned in the report is the TrueSign blockchain module. The module is integrated on the side of the game developer or […]
A memorandum was signed in the Verkhovna Rada of Ukraine, designed to give the green light to blockchain technologies in the country. It is alleged that the legislative, executive branches of government and business for the first time were able to come to a "clear consensus." The document was concluded between the Verkhovna Rada Committee on Digital Transformation, the Ministry of Digital Transformation, the Blockchain4Ukraine inter-factional parliamentary association, the Office of Effective Regulation (BRDO), a number of specialized associations and market participants. How […]
The spread of stablecoins like Facebook's Libra can have serious implications for global efforts to stop money laundering and terrorist financing, said FATF President Xiangming Liu. It is reported by Reuters. “If stable coins become widespread, this may lead to new risks associated with money laundering and the financing of terrorism,” said the head of the Group for the Development of Financial Measures […]
The founder of Tinkoff Bank Oleg Tinkov spoke about the problems of Telegram with the issue of its own digital currency. He stated that “the world is not completely crazy yet” and compared the Gram to the Ponzi scheme. Take a look at this appendix on Instagram Me, as an entrepreneur who, like all REAL entrepreneurs, builds a business based on the growth of market share, sales and […]