Chairman of the Federal Reserve, Jerome Powell, spoke highly of an Ethereum fork to help facilitate the benchmark for global interest rates. Key Takeaways Jerome Powell believes the Ethereum-based LIBOR alternative is a reliable solution for banks. LIBOR is being phased out, making room for a new index to become the world standard to measure…
XRP Ledger could introduce digital Checks, a new feature that makes sending and receiving cryptocurrency even easier on the XRP Ledger. Key Takeaways Blockchain validators may vote to add Checks to the XRP Ledger. This feature would allow recipients to accept funds manually, thereby preventing misdirected payments. Several other features also provide advanced capabilities. Share…
Developers have gathered information on Ethereum 2.0 into one comprehensive blog post. Key Takeaways Ethereum 2.0 will introduce staking and sharding. Several testnets and tools are currently available to developers. The upgrade may begin to go live during Q3 2020. Share this article Ethereum 2.0, a significant upgrade to the Ethereum blockchain, is still on…
AI Firm Faculty will require extensive personal data for purposes that are currently unclear. Key Takeaways U.K. government awarded AI firm a contract to help deal with coronavirus pandemic. The contract shows that data including social media and credit rating scores would be processed. Parts of the document have been redacted, so the purpose of…
The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article A week after its competitor tBTC faltered, Ren Protocol’s much-awaited mainnet on Ethereum is finally live. The protocol brings Bitcoin and other cryptocurrencies to Ethereum in a non-custodial manner. Ren Protocol’s Much Awaited Launch DeFi’s primary obstacle has…
Polkadot, an interoperability project, has launched a nearly-complete version of its blockchain after three years of development. Key Takeaways Polkadot’s first “chain candidate” went live this week. This stage prepares the network for staking and validator nodes. Polkadot’s DOT token is not yet in general circulation. Share this article Polkadot has gone live with its…
Even with the coronavirus outbreak, 2020 still seems to be the year where crypto will become seriously regulated.Case in point: At the end of March, the Financial Action Task Force (FATF) explained in its latest report on the state of compliance in the U.S. that it is lacking proper crypto regulation.FATF Urges U.S. to Follow…
Are you interested in the biggest, most liquid markets there is?The FOREX market, or FOReign EXchange market, has a daily turnover of more than $3 trillion USD. That figure makes it the biggest and most liquid market on a cash basis. With the exception of the ‘weekend lull’, the FOREX market is open 24/7 and…
The head of the European Commission’s (EC) digital innovation and blockchain unit expanded on the pros of distributed ledger technology (DLT), and the current state of the regulatory framework in Europe.Balancing Blockchain Innovation and Regulatory ComplianceIn an interview with The Banker, a subsidiary of Financial Times, the head of the EC’s digital innovation and blockchain…
The term “fourth industrial revolution” was first used by the World Economic Forum (WEF) in 2016. It represents a new era of technology and industry in our global society characterized by a handful of new technologies: blockchain, the internet of things (IoT), artificial intelligence (AI), and machine learning (ML). Our society’s first industrial revolution began…
