9 May

“New Zealand’s monetary authority is looking for a “Head of Money and Cash,” a new position that will be ‘focused on the future of money.

The new role will be a digital currency specialist who can speak to trends reshaping financial infrastructure – ‘online payments and digital currencies‘ – and provide ‘thought leadership around the future of cash and money.

This is a time of change for both the Reserve Bank and the global market transforming the demand and use of physical cash. New and emerging forms of digital payments are here to stay and the method in which people pay for things is changing rapidly.”

“Over the past month, CME’s bitcoin futures market has grown faster than nearly every other bitcoin futures market on a percentage and real growth basis. Soaring CME open interest coincides with news that prominent American hedge funds are interested in investing in bitcoin futures.

The recent massive growth in regulated futures markets suggests growing institutional interest in bitcoin as an emerging macro hedge against money printing and geopolitical uncertainties.”

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“Developers can now access the tools needed to manage a full-scale Enterprise Ethereum network through Microsoft’s Azure marketplace.

The PegaSys Ethereum Suite, which includes ​Hyperledger Besu,​​ PegaSys Plus​ and PegaSys Orchestrate​, will help developers deploy multi-node networks with blockchain explorers, monitoring and dashboards.

The Azure allure draws in thousands of potential developers to build within the blockchain ecosystem by providing them with development kits necessary for constructing web 3.0 infrastructure.”

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“Back at the first Ethereal…I was hoping central bankers could kick the can down the road another five or 10 years and enable us to build more. And I’m not sure we’re going to have that luxury anymore with COVID and the [global economic] crisis.

I wanted a lot more time to build, to mature the technology, and I’m not sure we have a lot more time. I think we have to get busy now. [Joe Lubin]

Stuff happens that you can’t believe from before—like oil trading at minus $40…Nobody thinks the dollar is really going to lose its reserve status. It could. And it could—faster than we think.”

See Also: Vitalik Buterin: How Ethereum will Help Heal the World

“The Grid facilitates the tokenization of new and existing debt securities and funds. The Global Stock Exchange group, or GSX, also plans to launch equities during the second phase of its roll-out.

GSX operates offices and trading venues in Gibraltar, London, SIngapore, and Hong Kong. The firm envisions that its tokenized securities ecosystem will expand to offer ‘pan-jurisdictional interoperability.'”

Over 20,000 shops and enterprises in Venezuela will reportedly start accepting crypto by June 1. Venezuela’s hyperinflation rate hit 10 million percent at some point last year.

The Mega Soft platform will now accept Bitcoin (BTC), Ethereum (ETH), Dash (DASH), Litecoin (LTC), Tether (USDT), and dozens of other cryptocurrencies. When asked whether the new system supports Petro, the Cryptobuyer CEO replied that it is not something they have contemplated thus far.

The use of cash like US Dollars is complicated by many times not having the necessary change at the time of a purchase.”