Author: Kevin Reynolds

Australian Central Bank, Commonwealth, National Australia Bank Partner on CBDC Research Project – CoinDesk

CoinDesk

The Australian central bank announced Monday it’s partnering with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software to explore the possible use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology (DLT). Read More

Technician in Italy Used Airport’s Computers to Mine Ethereum in Italy: Report

CoinDesk

Using the airport’s computers allowed the miner to avoid the cost of electricity needed to mind crypto, the report said. Go to Source Author: Kevin Reynolds Recommended Crypto Services, Products and Strategies: The first thing any crypto investor needs is is Read More

BitMEX Chiefs Looted More Than $440M From Exchange After Finding Out About Probes, Suit Alleges – CoinDesk

CoinDesk

The top officers of HDR, the parent company of crypto trading platform BitMEX, which has been charged with facilitating unregistered trading and other violations, systematically looted $440,308,400 from HDR accounts, a civil lawsuit claims. A spokesperson for HDR called the Read More

US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says – CoinDesk

CoinDesk

U.S. banks are looking at ways to handle crypto adoption in the wake of the Office of the Comptroller of the Currency’s (OCC) July decision to allow banks to provide custody for cryptocurrencies, Acting Comptroller Brian Brooks said in a podcast. Read More

PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg

CoinDesk

The news comes a day after the payments giant confirmed it’s entering the cryptocurrency market. Go to Source Author: Kevin Reynolds Recommended Crypto Services, Products and Strategies: The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Read More

Pelosi, Mnuchin Edge Closer to a Stimulus Deal; Agreement Won’t Guarantee Passage – CoinDesk

CoinDesk

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin narrowed their differences over a proposed pandemic relief package in a phone call Monday afternoon, her spokeswoman tweeted. The two sides are racing to get a package approved before the Nov. Read More

Pelosi Says It’s Tuesday or Bust if White House Wants a Pre-Election Stimulus Package: Report

CoinDesk

The Democratic House Speaker said if a deal isn’t reached by Tuesday evening, a package won’t be likely before Nov. 3. Go to Source Author: Kevin Reynolds Recommended Crypto Services, Products and Strategies: The first thing any crypto investor needs Read More

Wanted: Economist for Digital Currencies, Fintech as Bank of Canada Studies a Possible CBDC – CoinDesk

CoinDesk

The Bank of Canada, posted a position for an economist, digital currencies and financial technologies, as the Canadian central bank continues to research how a central bank digital currency (CBDC) would work as well as the possible risks involved. Disclosure Read More

Stellar CEO to Be Part of IMF Panel on Cross-Border Payments – CoinDesk

CoinDesk

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies Read More

Fed Chairman Powell to Speak About Digital Currencies Next Week at IMF

CoinDesk

Federal Reserve Chairman Jerome Powell will speak next week as part of a panel on the future of cross-border payments at the International Monetary Fund’s (IMF) annual meeting. Go to Source Author: Kevin Reynolds Recommended Crypto Services, Products and Strategies: Read More

Central Banks Haven’t Made a Good Case for Digital Currencies: WSJ’s Heard on the Street – CoinDesk

CoinDesk

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies Read More

Ripple’s Larsen Says US Risks Losing Stewardship of Global Financial System to China, Dissing SEC

CoinDesk

Chris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next financial system and that the U.S. is “woefully behind.” See also: SEC Will Be Forced Read More

Coinbase Senior Software Engineer Left This Week, Unclear If Departure Linked to New Policy – CoinDesk

CoinDesk

Andrei Anisimov, whose LInkedIn profile still describes him as a “Senior Software Engineer” at Coinbase, tweeted Saturday that this had been his last week at the cryptocurrency exchange. At press time it wasn’t clear whether Anisimov was one of the Read More

Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report – CoinDesk

CoinDesk

The rapidly growing city of Shenzhen will be giving away 10 million yuan (US$1.47 million) of China’s new sovereign digital money via lottery, as China seeks to test out and stimulate the usage of the digital funds, according to a Read More

Pelosi Rejects White House’s $1.8T Stimulus Offer: Report – CoinDesk

CoinDesk

Democratic House Speaker Nancy Pelosi rejected the White House’s recently boosted $1.8 trillion stimulus offer, saying it doesn’t provide enough in the way of coronavirus testing, worker safety and child care, the Financial Times reported, setting back hopes for an Read More

SEC Commissioner Peirce Says Unikrn-Killing Fine to Have Chilling Effect – CoinDesk

CoinDesk

Noted cryptocurrency advocate and Securities and Exchange Commissioner Hester M. Peirce issued a public dissent after the SEC levied a $6.1 million fine on online gaming and gambling platform Unikrn for conducting an initial coin offering (ICO) in 2017, a Read More