Yesterday, the IMF published a new report ‘The Rise of Digital Money’ outlining the potential effects cryptocurrencies will have on the current financial system and regulatory environment. The report states that the two most common forms of money today, cash and deposits, will face tough competition and could even be
The Rise and Fall of Bitcoin?
It is an unfortunate state of affairs that everyone isn’t a Bitcoin billionaire. Some investors blame it on the fact that we are newcomers to the market. For others, it is because we just never really believed Bitcoin would become a real store of value. All these are valid factors.
Cryptocurrency Exchanges: the Pollyanna of Finance
Bitpoint, a Japan-based cryptocurrency exchange, suspended all trading this week following the announcement of a hack, to the tune of 3.5 billion yen, or $32.5 million. Bloomberg report states that 2.5 billion yen belonged to customers. The tokens stolen include BTC, BCH, and XRP. Japan’s Financial Services Agency (FSA) recently
Stanford Team Designs Findora Platform to Decentralize the Financial System
Findora ensures data privacy, regulatory compliance, and full scalability A team of entrepreneurs and academics has unveiled the development of Findora, a cryptographically transparent public blockchain for building financial applications. Findora’s leadership team is comprised of experienced entrepreneurs and Stanford academics, including Charles Lu, Ben Fisch, Benedikt Bünz, and John
UN Veteran joins Not for Profit Grant Making Platform Social Alpha Foundation as Advisor
Yoshi Yamamoto, Former Special Advisor for UN Engagement and Blockchain Technology, and Joseph Thompson, CEO and Co-Founder of AID:Tech, join not-for-profit grant making platform using blockchain for social good Social Alpha Foundation (SAF), the not-for-profit, grant-making platform which provides no-strings funding to companies and projects utilising blockchain for social impact,