ShapeShift Acquires Tool That Quickly Swaps Bitcoin for Other Cryptos
Cryptocurrency asset company ShapeShift has acquired blockchain startup Bitfract, the firms announced Wednesday.
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Who Really Benefits From CBDCs? It’s Not the Public
It’s hard to imagine why anyone would be in favor of a central bank digital currency, or CBDC. The benefits are few and far between but the risks of abuse are severe.While CBDC boosters may profit from advocacy or working to secure CBDC design contracts with governments, it is governments that are likely to see…
Money Reimagined: Picasso Up, Main Street Down
Edvard Munch's "The Scream." (Credit: Wikimedia Commons)In early March 2012, three years after the biggest financial disruption in 80 years, with 8% of the U.S. workforce unemployed, with 4 million American homes foreclosed, and with Europe tearing itself apart over fiscal austerity measures to contain a debt crisis, someone forked over $119 million for a…
Stellar’s Plan to Win Global Payments: Play Nice With the Finance Cops
news MEXICO CITY – There’s a mobile app approved by the Mexican government that lets 20,000 migrant workers in the U.S. pay bills back home over the Stellar network. That’s according to Marco Montes Neri, the creator of the Saldo app, which relies on peso-backed stablecoins. “Stellar has created a set of protocols and a set of…
Winklesvoss-Owned Gemini Now Provides Custody for .Crypto Blockchain Domains
Jul 23, 2020 at 13:00 UTCUpdated Jul 23, 2020 at 13:05 UTCRegulated U.S. cryptocurrency exchange Gemini has launched a custody service for .crypto web domains from blockchain firm Unstoppable Domains. In an announcement shared with CoinDesk Thursday, Unstoppable said domain registrars will utilize Gemini's custody services when purchasing .crypto addresses for their clients through its…
New Blockchain Tool Promises Verifiable Audits in 30 Seconds
news Accounting and business consulting firm Armanino launched a new blockchain-based tool Wednesday promising firm-originated financial audits in seconds. Called TrustExplorer 2.0, the product is one of several promising to overturn how accounting is done within companies. Which is hardly surprising: by definition, “ledger technology” should improve accounting and provide a competitive threat to the way…
Ethereum’s Dencun Upgrade Goes Live, But Fails to Finalize on Testnet
Ethereum’s much-awaited Dencun upgrade went live on the Goerli testnet earlier Wednesday but failed to finalize in the expected time.The upgrade was pushed at 6:32 UTC, blockchain data shows, but did not reach consensus and was not finalized on the testnet. Developers expect the apparent issues to be fixed in the coming days. These likely
Crypto for Advisors: Tokenization of Real World Assets
The creation of a digital representation of assets via blockchain-based tokens is growing. In today’s issue, Herwig Konings from Security Token Market examines the growth of this industry and why tokenization matters. In Ask an Expert, Carlos Domingo, CEO of Securitize, answers questions about why investors are looking at these assets in the current market.
IMF Says CBDCs Could Boost Middle East’s Financial Inclusion, Payment Efficiency
An IMF survey of the Middle East and Central Asian region has concluded that while CBDC's may not be essential they can advance financial inclusion and lower the cost of financial services.The uptake of CBDC's may only have marginal benefits in the Middle East and Central Asia if other barriers are not addressed, the IMF