Latest News on ECONOMY

Digital Dollars—A Two Tier CBDC Design to Maintain US Currency Dominance

The Digital Dollar Project (DDP) is the focus of the Digital Dollar Foundation and advocates the need for a CBDC. In their recently released whitepaper, the DDP stipulates that it aims for the US dollar to maintain its global dominance but further warns that the work needs to begin immediately. The DPP also calls for public-private collaboration, including the use of a two-tier system for the spread and distribution of retail digital dollars.

Lucas Cacioli

Jun 30, 2020

| 4 Min Read

#CBDC #FEDERAL RESERVE #CENTRAL BANK #DIGITAL CURRENCY #BLOCKCHAIN #COMMERCIAL BANKING #DOLLAR #ECONOMY

Technology

UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies

Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.

Lucas Cacioli

Jun 19, 2020

| 3 Min Read

#UNICEF #INNOVATION #CRYPTOFUND #CRYPTOCURRENCY #ETHER #STARTUPS #ECONOMY #INVESTMENT #CHILDREN #COVID-19 #CORONAVIRUS

Bitcoin

Bitcoin and Bad Guys

With Bitcoin a growing number of people have been choosing to opt-out of the traditional financial system, and others have even chosen to use the cryptocurrency to circumvent regulation altogether, leading to its unfortunate connection with illegal activity and shady characters.

Kun Hu

Jun 15, 2020

| 4 Min Read

#BLOCKCHAIN #BITCOIN #INFLATION #PEOPLE #ECONOMY #MONETARY FREEDOM #ILLEGAL #ILLICIT #NAKAMOTO #FED #CENTRAL BANKS

Bitcoin

Bitcoin Adoption is the Ultimate Protest Against Government and State Abuse of Freedoms

As protests break out across the globe against state and central authorities, are the protesters overlooking their best and most potent weapon in Bitcoin? Bitcoin in essence, was built for protest and could potentially destabilize the central source of power for our governments—control over traditional financial systems.

Lucas Cacioli

Jun 15, 2020

| 4 Min Read

#BLOCKCHAIN #BITCOIN #INFLATION #PEOPLE #ECONOMY #USA #CHINA #PROTESTS #GEORGE FLOYD #HONG KONG #BLM #UMBRELLA REVOLUTION

CBDC:Americas

CBDC for Stimulus Payments Advocates Honorary Christopher Giancarlo

During an open hearing by the House Committee On Financial services yesterday, the Honorable Christopher Giancarlo once again advocated for the use of a central bank digital currency (CBDC), effectively digital dollars, as a solution to directly distribute the COVID stimulus packages to citizens.

Lucas Cacioli

Jun 12, 2020

| 2 Min Read

#BLOCKCHAIN #CBDC #STIMULUS #GIANCARLO #HOUSE COMMITTEE #COVID #ECONOMY

Prices

US Stocks, Oil, and Bitcoin Price Plunge, Hinting Second Wave of Coronavirus Cases

Stocks, oil, and Bitcoin price have been plunging, as the market has been concerned about a possible second wave of coronavirus cases as lockdowns have been easing in certain states in the US.

Sarah Tran

Jun 12, 2020

| 3 Min Read

#US STOCKS #OIL #BITCOIN #PRICES #ECONOMY #CENTRAL BANK #DONALD TRUMP

Asia

China Issues New ‘Bejing Action Plan’ to Accelerate the Inclusion of Blockchain in the Economy

The Chinese government issued a new “Beijing Action Plan” aiming to accelerate the inclusion of new emerging technologies in the country’s economy. China aims to leverage new technologies including artificial intelligence (AI), 5G, industrial internet, blockchain, big data, and others to promote the steady growth of Beijing’s economy post-pandemic.

Sarah Tran

Jun 10, 2020

| 2 Min Read

#ECONOMY #CHINA #BEIJING ACTION PLAN #AI #BLOCKCHAIN #TECHNOLOGY #FREE-TRADE

Ethereum

Federal Reserve Backs Ethereum Powered AMERIBOR as a Viable Replacement in Setting Interest Rates

US Federal Reserve Chairman Jerome Powell backs the replacement of LIBOR with AMERIBOR. AMERIBOR is an Ethereum based lending protocol that is aimed at removing the inadequacies of the LIBOR index.

Godfrey Benjamin

Jun 05, 2020

| 2 Min Read

#BLOCKCHAIN #ETHEREUM #AMERIBOR #LIBOR #INTEREST #RATES #ECONOMY

Mining

Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage

Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.

Lucas Cacioli

Jun 01, 2020

| 2 Min Read

#OIL #BITCOIN #UNITED STATES #CHINA #POW #ELECTRICITY #MINING #PETROLEUM #ECONOMY

Opinion

Want Bitcoin's Price to go up? Bet on People, Not Inflation

We can't predict how the global financial situation will play out, nor how government interventions will affect international financial systems. If all you care about is the price of bitcoin, focus on people, not monetary policy.

Mark Helfman

May 24, 2020

| 4 Min Read

#BLOCKCHAIN #BITCOIN #INFLATION #PEOPLE #ECONOMY #BITCOIN PRICE

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