“The Deutsche Bank report said digital currencies, while only a decade old, have already been shown to have the ‘potential to radically change payments, banking, central banking and the balance of economic power.’
We believe a new digital currency could become mainstream within the next two years.
Researchers also highlighted that digital currencies could combine the convenience of electronic payments with the privacy of cash payments. If CBDCs were fully rolled out, Deutsche Bank said, central banks could make interest-bearing accounts available to every citizen. That could ‘resolve many problems caused by the current fractional reserve banking system.'”
“The World Economic Forum has created an international consortium to design a governance framework for cryptocurrencies, including stablecoins.
Building on our long history of public-private cooperation, we hope that hosting this consortium will catalyse the conversations necessary to inform a robust framework of governance for global digital currencies.
The news comes just days after the WEF outlined a “Blockchain Bill of Rights”. A group of central banks also announced last week they would create a working group to evaluate use cases for the nascent technology.”
“The [Task Force] is focused on the standards and specifications used to integrate the Ethereum Mainnet with ERP, CRM, and other corporate systems of record.
Rearranging existing architectures around centralised ERP-systems towards decentralization implicates new ideas about how systems interact, and what kind of (internal) states can or should be recorded in a publicly available distributed ledger.
We are excited to see all of these companies working together to realize the benefits of using Ethereum mainnet in enterprise applications.”
See Also: Ethereum Goes Multichain
“A lawsuit accuses the frontman of the TRON cryptocurrency and his business associate of harassing and firing two employees, allegedly as payback for the employees’ objections to management practices and applications of the technology they were developing.
Hall said he flagged the risks of third parties hosting copyright-infringing content and child pornography, but Sun and Li cared little about his proposal to retain lawyers to review the TRON Foundation’s BitTorrent updates.
The court case throws Sun deeper into the fray of mounting scrutiny over his cryptocurrency businesses.”
“Bitcoin gold, a cryptocurrency that forked from bitcoin in 2017, has again been hit by 51 percent attacks. The is not the first time bitcoin gold has seen such an attack. In May 2018 around $18 million in the cryptocurrency was reportedly double spent.
Two deep blockchain reorganizations (or reorgs) resulted in double spends of 1,900 BTG and 5,267 BTG, respectively. The losses amount to around $87,500 at current prices.
Interestingly, bitcoin gold’s value has risen since news of the attack broke.” 😂
See Also: ‘Optimism’, formerly Plasma Group, Scaling Ethereum (video)
“Major Swiss private banking and wealth management group Julius Baer has launched a digital assets trading and custodial service via a partnership with regulated crypto-specialist Seba.
To meet what it deems to be an increasing demand, Julius Baer will be offering its clients services such as secure digital asset custody, cryptocurrency transaction solutions, as well as consolidated portfolio overviews.”
“Ditto Music, which paid out $100 million in royalties last year, claims a roster of 250,000 artists including the likes of Ed Sheeran, Sam Smith and Royal Blood.
Bluebox is designed to split royalty payments for a recording’s lifetime and accurately track plays on the system. The app records music around legally-binding smart contracts, which are written into code and instantly copyrights the content.
There’s billions of dollars of unclaimed royalties out there. The blockchain can help millions of artists claim what is rightfully theirs.”
“The Israeli Securities Authority (ISA) has issued a Request For Information to identify potential regulations that prevent the development of blockchain-based ventures in the country.
The regulator emphasized that DLT ‘has the potential to promote the Israeli capital market.'”