referring to By Helen Partz US Congress Hearing: Central Bank Digital Currency 'One of the Worst Financial Ideas'15844 Total views 317 Total sharesNewsThe U.S. Congressional Subcommittee on Monetary Policy and Trade discussed major questions around digital currencies in a hearing today, July 18. The hearing, entitled "The Future of Money: Digital Currency," considered potential domestic and global implementations of cryptocurrencies. At the hearing, the Subcommittee discussed the deployment of cryptocurrency and its underlying technology, blockchain, by central banks, arguing whether central banks should introduce a central bank digital currency (CBDC). The risk would be directly in the central bank."Pollock explained that if fiat money becomes digitized, its nature will not be changed, and will still be issued by a central bank. While Pollock can envision some type of private digital currency backed by assets, he concluded that it will not be "private fiat currency" like Bitcoin.
collected by :Mathio Rix
Digital Currency Group CEO Says Bitcoin Has "Hit The Bottom for The Year"
By Ana Alexandre Digital Currency Group CEO Says Bitcoin Has "Hit The Bottom for The Year"20240 Total views 488 Total sharesNewsBarry Silbert, founder and chief executive officer of venture capital Digital Currency Group, said he is bullish on Bitcoin (BTC) as an investment vehicle, CNBC reported July 18. Speaking at the Delivering Alpha Conference in New York on Wednesday, Silbert said that he thinks "we've probably hit the bottom for the year. Allaire said that blockchain will form the basis of new technological innovations:"This is a new infrastructure layer of the internet. This just isn't about digital gold."Ken Griffin, the CEO and founder of the Citadel hedge fund, is more skeptical about the leading cryptocurrency. He said that "as it gets more into the mainstream, and as more markets end up allowing it to trade where it's freely tradable, to me that's more of the bet."Barclays Files Two Digital Currency and Blockchain Patents with U.S. Patent Office
according to By Marie Huillet Barclays Files Two Digital Currency and Blockchain Patents with U.S. Patent Office5251 Total views 192 Total sharesNewsBarclays has filed two patent applications relating to the transfer of digital currency and blockchain data storage, both published by the U.S. Patent and Trademark Office (USPTO) July 19. The first patent describes a system for transferring digital currency from payer to recipient that would securely authenticate the identities of both, as well as validating and recording transactions using public-key cryptography and a digital currency ledger. Beyond currency transfer, the patent goes on to describe a wide range of use cases for securely and privately processing data in a trustless manner using a blockchain system. One illustration outlines how claims and attestations could be verified on the blockchain, using the example of credit status and insurance claims. The patent further outlines the advantageous step of using a Merkle Tree Structure to store blocks in order to maximize efficiency and ease data validation.Interview with Alan Yong, the CEO of DNotes; a Digital Currency and Peer-to-Peer Payment System built on Blockchain Technology
Alan Yong is the CEO of DNotes, a blockchain-powered digital currency and peer-to-peer payment system that empowers users to send money quickly and efficiently, with the vision of building a trusted digital currency that is superior to fiat currency, conveniently available to everyone. DNotes is a blockchain-based digital currency and peer-to-peer payment system. From the beginning, we have positioned DNotes to accomplish what no other digital currency has yet achieved: mass adoption as a trusted supplemental currency. As noted, DNotes is a peer-to-peer payment system and a digital currency. With the recent introduction of DNotes 2.0, the DNotes digital currency is more feature-rich than ever before.collected by :Mathio Rix