Sky Guo, Founding Member at OMFIF Digital Monetary Policy Institute, Explains why Interoperability Is an Important Aspect of Central Bank Digital Currencies, or CBDCs

https://www.crowdfundinsider.com/2020/07/164413-sky-guo-founding-member-at-omfif-digital-monetary-policy-institute-explains-why-interoperability-is-an-important-aspect-of-central-bank-digital-currencies-or-cbdcs/

  We recently caught up with Sky Guo, a founding member at the OMFIF Digital Monetary Institute, the global central banking think tank that assists policymakers with understanding central bank digital currencies (CBDCs). Guo, who’s also the founder of Cypherium, which focuses on enabling interoperability… Read More

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As Gold Sets Highs Past $1,900 Per Troy Ounce, Stablecoin Issuer Tether Claims Demand for its Gold-backed Crypto, XAU₮, has Also Surged

https://www.crowdfundinsider.com/2020/07/164543-as-gold-sets-highs-past-1900-per-troy-ounce-stablecoin-issuer-tether-claims-demand-for-its-gold-backed-crypto-xau%E2%82%AE-has-also-surged/

Tether Gold (XAU₮), a crypto-asset offering ownership of physical gold (XAU) that’s reportedly custodied in Switzerland, has experienced a significant increase in its demand as the price of gold surged past $1,900 a troy ounce – which may have been due to the economic uncertainty… Read More

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Digital Asset Derivatives Platform Delta Exchange Is Offering Interest Rate Swaps for MakerDAO’s Stablecoin Dai

https://www.crowdfundinsider.com/2020/07/164515-digital-asset-derivatives-platform-delta-exchange-is-offering-interest-rate-swaps-for-makerdaos-stablecoin-dai/

Delta Exchange, a cryptocurrency derivatives trading platform that’s not regulated in any jurisdiction, revealed on July 24, 2020, that it has introduced interest rate swaps for MakerDAO‘s stablecoin, DAI. The DAI stablecoin savings rate contracts offer “up to 160x leverage” on the notional value and… Read More

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Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space

https://www.crowdfundinsider.com/2020/05/162065-stablecoins-could-reach-1-trillion-market-cap-in-5-years-according-to-experienced-venture-capitalist-focused-on-blockchain-space/

Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic investments in various digital asset projects, has argued that stablecoins will reach a $1 trillion+ market capitalization in the next five years. Stablecoins… Read More

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Interest in CBDCs May Be “Accentuating” Bitcoin’s (BTC) Role in the Global Digital Economy, New Report Claims

https://www.crowdfundinsider.com/2020/05/161792-interest-in-cbdcs-may-be-accentuating-bitcoins-btc-role-in-the-global-digital-economy-new-report-claims/

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG), has published a report which argues that legacy banking infrastructure has made it difficult to distribute stimulus money, following the COVID-19 outbreak. The report states: “Central bank digital currencies [CBDCs] have the potential to streamline… Read More

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CBDCs: New Report Confirms Most Reserve Banks Don’t Want to Use an Actual Blockchain to Issue Digital Currencies

https://www.crowdfundinsider.com/2020/05/161590-cbdcs-new-report-confirms-most-reserve-banks-dont-want-to-use-an-actual-blockchain-to-issue-digital-currencies/

Reserve banks in 46 countries are currently exploring or considering developing a central bank digital currency (CBDC) by using a permissioned (or private) distributed ledger technology (DLT)-based platform. This, according to a recently published survey from UK-based journal Central Banking. The publication is reportedly supported… Read More

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