US Senators Raise Crypto Mining Concerns, Propose Government Blockchains

news The Reserve Bank of Australia (RBA) Chief, Philip Lowe, declared himself to be profoundly skeptical on the impact of Facebook’s new cryptocurrency. The goal of Libra as a massively adopted digital currency might look good on paper for some, but the regulator doesn’t see it as much of a possibility in the short run.…

The advent of blockchain technology and digital assets offers an opportunity for the global economy not seen since the dawn of the internet. These innovations open doors for the unbanked, providing a pathway for success to those who are shut out of traditional financial systems.Despite the boom in blockchain technology and digital assets, bureaucrats like

Dec 7, 2020 at 3:53 p.m. UTCUpdated Dec 7, 2020 at 4:37 p.m. UTC(Denis Linine/Shutterstock)SIX Stock Exchange Joins Venture Opening Up Digital Assets to Swiss BanksSwiss stock exchange SIX has invested in Custodigit, an institutional-grade cryptocurrency custody firm founded by Swisscom and Sygnum in 2018.Announced Monday, the investment forms part of an agreement for a…

Oct 29, 2020 at 12:56 UTCUpdated Oct 29, 2020 at 13:41 UTCEuropean Central Bank President Christine Lagarde.(ECB, modified by CoinDesk)First Mover: Bitcoin Falls as COVID-19 Surges, ECB’s Lagarde Steps Up, US GDP Hits 33%Bitcoin was lower for a second day, even as traditional markets showed signs of stabilization following Wednesday’s sell-off. Cryptocurrency analysts looked for solace…

Matter Labs, the main development firm behind the layer-2 network ZKsync, has introduced a new roadmap called ZKsync 3.0, aimed at making the ecosystem more interconnected – including a new "Elastic Chain" that somewhat resembles rival Polygon's AggLayer, released earlier this year.At the core of ZKsync "3.0" is the v24 upgrade, released June 7, turning

Jul 28, 2020 at 10:00 UTCChristian Lundkvist and Vitalik Buterin speak at Devcon 1. (Ethereum Foundation/YouTube)Memories of London’s Devcon 1, Ethereum’s ‘Woodstock’ MomentEthereum’s Devcon 1, held in London in November 2015, was like Woodstock, except perhaps with less nudity. Bankers and Big 4 consultants disguised in hoodies shared space with dreadlocked Ethereum coders, sitting cross-legged…

Consumers are wary about using CBDCs, despite the fact that most central banks are exploring using these cryptocurrencies, according to a survey by Deutsche Bank. The COVID-19 pandemic hastened the shift towards digital payments, the report said Only 16% of those surveyed thought that central bank digital currencies would go mainstream. 00:50 First Neiro on

The estate for bankrupt crypto exchange FTX is looking to recover over $1 billion in cash and shares from founder Sam Bankman-Fried and other executives it alleges were fraudulently transferred to themselves.The new lawsuit, filed Thursday, alleges that the defendants used their close control over the FTX Group's businesses and systems to perpetrate what it…

Nov 30, 2020 at 3:43 p.m. UTCUpdated Nov 30, 2020 at 4:40 p.m. UTCInvestment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ PortfoliosThe research arm of New York-based AllianceBernstein, a global investment manager with $631 billion in assets under management, has had a change of heart when it comes to bitcoin as an investment…