Digital Currency Might be a Win-Win for Governments & Protesters Alike

Source: Adobe/Robert Knapp Thanks to smaller processing fees and quickened fiscal response in crisis situations, the digital dollar could save the American taxpayers billions of dollars for sending and processing stimulus checks, argues Forbes contributor Roger Huang. Furthermore, it would legitimize and increase the adoption of open cryptocurrencies, as protestors all over the globe are […]

Sweden’s Central Bank Releases 98-Page ‘Economic Review’ Devoted to CBDC

Sveriges Riksbank, Sweden’s central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country’s own such asset — the e-krona.  “The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank digital currencies (CBDC) and the e-krona,” Riksbank’s June 18, 2020 report said in […]

New Bill to Outlaw Encryption Without Gov’t Backdoor in US Senate

Three Republican senators introduced a bill to end “warrant-proof” encryption on June 23. It invokes national security as a pretext for requiring device manufacturers and service providers to assist law enforcement by providing access to encrypted data. Pedophiles & national security The Lawful Access to Encrypted Data Act is sponsored by Lindsey Graham (R-SC), Tom […]

Bitcoin Must Be Tied to Commodities Basket to Be Currency

Source: Adobe/TanyaJoy Bitcoin (BTC) is not a currency, and to be one it needs to be tied to a basket of commodities, says Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University and a prominent expert on hyperinflation. Hanke warned against investing in this asset. “Bitcoin is a highly speculative asset, […]

The Future Is Stablecoins, Say Panelists for Chamber of Digital Commerce

In a June 24 webinar put on by the Chamber of Digital Commerce, major figures from the crypto community spoke about the growing role of stablecoins. Long-term view of stablecoins One of the guests was Jeremy Allaire, the founder of Circle, which is behind USD-backed stablecoin USDC. On the subject of stablecoins simplifying payments all […]

17 Companies to Make Blockchain ID Platform; CBDC Calatyst + More News

Source: Adobe/OlegKachura Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news A total of 17 Chinese tech companies, including a number of banks, will co-launch a decentralized blockchain-powered ID (DID) platform that will allow customers to use smartphone […]

Brazilian Bank Joins Hands w/ Chainalysis, Steps Up Crypto Compliance

Source: Adobe/Anton Balazh (edited by Cryptonews) Things are hotting up for crypto users in Brazil, where commercial bank Banco Topázio has announced that it will be using monitoring and transaction tracking solutions provided by blockchain security firm and data analysis specialist, Chainalysis – to monitor the crypto services it provides to its clients. In a […]

OmiseGo’s Coinbase Listing Was a One-Hit Wonder, Says Research

Key Takeaways The Coinbase Effect could be more folklore than fact. Market conditions are highly influential on the impact of a Coinbase listing. A Coinbase nod in a bear market is unlikely to lift a coin out of the doldrums. Share this article Although OmiseGo (OMG) enjoyed a hefty 144% boost in price after earning […]

Ethereum Transaction Fees Rise Further, Gap with Bitcoin Narrows

Source: Adobe/Sergey Nivens As transaction fees on the Ethereum (ETH) blockchain continue to rise, some are warning that the network’s competitors may benefit if the issue is not dealt with. Meanwhile, the gap between the number 1 and number 2 coins by market capitalization got a lot narrower – as the former’s fees dropped significantly […]