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EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, which will be added to a new Multiannual Financial Framework (MFF), with the sum of €1.074 trillion as a seven-year budget. The heads of state and government have reached a unanimous agreement, resulting in a total financial package of €1.82 trillion.

European Central Bank Encourages Clear Regulatory Structure for Stablecoins to Reap the Benefits While Minimizing Potential Risks

European Central Bank Encourages Clear Regulatory Structure for Stablecoins to Reap the Benefits While Minimizing Potential Risks

The European Central Bank (ECB) published an in-depth report on global stablecoins, focusing on highlighting the requirement for clear regulatory parameters for stablecoins, and the risks it may pose to financial stability. The ECB suggests that a “robust regulatory framework” must be established to address risks before its benefits could be explored.

ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks

ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks

ArcBlock has released an updated framework called ArcBlock Blockchain Platform 1.0. It will assist businesses and developers to quickly manage and build decentralized applications and blockchain networks.

CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain

CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain

The CFTC has scheduled a virtual meeting for Thursday, July 16th where its Technical Advisory Committee will discuss matters around on cryptocurrencies and DLT.

Ontology to Digitize Grocery Shopping Through Blocery DApp

Ontology to Digitize Grocery Shopping Through Blocery DApp

Ontology (ONT), a high-performance public blockchain project and distributed trust framework, has revealed its teaming up with Blocery, a high-end grocery pre-purchase/ agricultural products purchase e-commerce platform, for a premium dApp.

The Coffee Board of India Views Blockchain-Driven Platform as the Holy Grail

The Coffee Board of India Views Blockchain-Driven Platform as the Holy Grail

At least 30,000 coffee farmers have signed up for a blockchain-driven electronic-market platform since it was launched by the Coffee Board of India (CBoI) in March

G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins

G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins

The Financial Stability Board (FSB), the G20 body that advises on ways to improve the global financial system, has published a study on the challenges, which stablecoins pose for the global economy. The FSB stated that regulatory frameworks have already covered several activities associated with stablecoins, although there are other risks that many national regulators could be left unprepared for.

World Economic Forum Launches Global Consortium for Digital Currencies Governance

World Economic Forum Launches Global Consortium for Digital Currencies Governance

The World Economic Forum has unveiled a global consortium that aims to design a framework for the governance of digital currencies, including stablecoins. The consortium will focus on increasing access to the financial system through innovative policy solutions, which are interoperable and inclusive. The inspiration behind the formation of the consortium is based on the premise that opportunities for financial inclusion can only be unlocked if the space is properly regulated and include private-public cooperation across emerging and developed markets.

European Blockchain Service Infrastructure PCP to Begin—Why it Could Benefit XRP and BTC

European Blockchain Service Infrastructure PCP to Begin—Why it Could Benefit XRP and BTC

The EC seeks industry tenders for the European Blockchain Service Infrastructure (EBSI) - a European blockchain solution that could inadvertently see BTC and XRP soar.

IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework

IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework

IOTA Foundation, a distributed-ledger technology developer, and Jaguar Land Rover, a leading British luxury car manufacturer, have introduced IOTA Access.

The ECB Expresses Concerns on Regulating Stablecoins

The ECB Expresses Concerns on Regulating Stablecoins

Due to the lack of regulation of stablecoins, concerns have been conveyed by the European Central Bank (ECB) despite stablecoins with a clear governance framework.

Ripple CEO Opens Swell Conference, Discussing Current Global Payment Landscape

Ripple CEO Opens Swell Conference, Discussing Current Global Payment Landscape

Ripple CEO Brad Garlinghouse just opened Ripple Swell 2020, which focuses on the current global payment landscape.

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