IMF Weighs the Pros and Cons of a Central Bank Digital Currency

[ad_1] In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC).Zhang pointed toward greater efficiency and lower costs associated with a CBDC. “In some countries, the cost of managing cash can be very high on account of geography, and access to the payments system may not be available

Cryptocurrency News From Japan: March 15-21 in Review

[ad_1] This week’s headlines from Japan included exchange self-regulatory organization, JVCEA, suggesting guideline changes, financial institutions collaborating with a blockchain startup for asset management, GMO Coin exchange listing BAT, and news that Toyota has built a blockchain-based identity platform.Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.JVCEA adds regulatory suggestions and revision regarding exchangeJVCEA, a Japanese self-regulatory organization (SRO) for exchanges, proposed alterations to

Encryption Standards Threatened Under Pretext of Battling Coronavirus

[ad_1] Governments around the world have been trying for some time to bypass encryption and backdoor messaging apps. End-to-end encryption was preventing authorities from stopping terrorist attacks, we were told, and personal privacy had to be sacrificed for the greater good. Now, as the coronavirus spreads through the world, the powers-that-be claim public health is being jeopardized by the oversharing of false or misleading information pertaining to the pandemic. The

Tezos Foundation Moves to Settle $25M Consolidated Lawsuit

[ad_1] The Tezos Foundation moved to settle its $25M consolidated class-action lawsuit on March 20, following more than two years of fighting in court.In a post on its website, the foundation claims to have chosen to settle due to the time and financial expense incurred through continuing proceedings.“It was decided that the one-time financial cost of a settlement was preferable to the distractions and legal costs associated with continuing to

Sen. Loeffler Rejects Accusations of Improper Trading

[ad_1] Kelly Loeffler appeared on Fox News last night to discuss her sale of more than $1 million in equities the day after she attended a private Senate Health Commission hearing about the coronavirus on Jan 23. Loeffler was formerly the CEO of the digital asset custody service, Bakkt, and is the most-recent appointee to the United States Senate.Appearing on Fox News on March 21, Loeffler again sought to distance

Bitcoin was Designed for a Financial Crisis — So far it’s Working well

[ad_1] If you’ve been in Bitcoin (BTC) long enough most likely its Genesis Block has been mentioned quite a few times. If not, the image below should be self explanatory.Bitcoin Genesis Block RAW data. Source: UnBIt doesn’t really matter if people consider Bitcoin as a store of value competing with gold and real estate, medium of exchange for uncensored transactions, or a potential unit of account due to its non-inflationary

Mt. Gox Whistleblower Alleges Shadow-Ban on Twitter for Coronavirus Analysis

[ad_1] Ryan Selkis, the CEO of crypto market analysis software firm, Messari, and long-time cryptocurrency commentator, has reportedly been shadow-banned on Twitter for his coverage of the coronavirus pandemic.Messari runs a tracking service that provides updates on the number of coronavirus cases globally, including state/provincial data for several countries.Ryan Selkis and Messari Appear to Stoke Twitter’s IreSelkis posted to Messari’s website on March 20 announcing that both his personal and

Can’t Lock Down Bitcoin: Trump Ponders Halting Stock Trading, Grounding US Passenger Flights

[ad_1] In the wake of the coronavirus outbreak and a looming recession, U.S. President Donald Trump and his administration are contemplating halting stock markets next week. The White House is currently considering grounding all passenger planes and ordering a nationwide shelter. However, bureaucrats from the White House believe that the grounding of U.S. passenger planes and the execution of a federal lockdown order will wreak havoc on Wall Street. In

Investors Seek Shelter in US Dollars & Bitcoin

[ad_1] Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. In times of economic turmoil, investors shed riskier assets and acquire less volatile ones. This is known as “flight to quality.” This happened in 2008 when the global demand for U.S. government bonds resulted in negative interest rates, and may be happening now with Bitcoin.Bitcoin closed at $4,970.79 on March 12.

Payment Provider NetCents Readies Cryptocurrency Credit Card for Launch

[ad_1] Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card for launch.Not like other crypto credit cardsThe NetCents credit card promises users will not have to pre-load cryptocurrency onto their cards, differing from otherwise-similar products already on the market. Cards