Fed Economist: Bitcoin a 'Remarkable' and 'Technical Achievement'
It's not everyday that you hear some positive Bitcoin-related news coming from the Federal Reserve. So it may or may not come as a surprise to you that an economist at the Federal Reserve Bank of Chicago has come forth declaring the digital currency as a "remarkable conceptual and technical achievement." François R. Velde, in his report, acknowledges that bitcoin may very well be something that's used by "existing financial institutions," signaling widespread awareness in the financial community. Velde's report also acknowledges that bitcoin has been growing. He has a great point. This....
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A member of the United States Federal Reserve banking system has written an analysis of bitcoin, stating that there are many positive aspects to it. François R. Velde, senior economist of the Federal Reserve in Chicago, writes in his paper "Bitcoin: A primer" that bitcoin is a "remarkable conceptual and technical achievement, which may well be used by existing financial institutions." "The bitcoin protocol provides an elegant solution to the problem of creating a digital currency-i.e., how to regulate its issue, defeat counterfeiting and double-spending, and ensure that it can be conveyed....
“Senior Economist in Fed Has Made an Analysis of Bitcoin and technical achievement, which may well be used by existing financial institutions.” In the recent publication “Bitcoin: A primer” Velde said that: “The bitcoin protocol provides an elegant solution to the problem of creating a digital currency—i.e., how to regulate its issue, defeat counterfeiting and double-spending, and ensure that it can be conveyed safely—without relying on a single authority.” François R. Velde publication describes all achievements and benefits that bitcoin provide. He made a precise quotation that “Bitcoin....
Former Google CEO and chairman Eric Schmidt is simply impressed by the architecture that Bitcoin is built upon. He believes in the crypto. In fact, in our recent article, he reveals he’s invested “a little bit” of money into it. A video is now making the rounds in the virtual stratosphere showing the Google top […]
PRESS RELEASE. For a gaming community to complete 4 years in the crypto gaming industry is a remarkable achievement to say the least. CropBytes was launched during the 2018 bull run, and the team’s strategy and agility towards changing market scenarios and needs of the community have enabled the game to sustain and grow over the years. What started out as a NFT based game with initial flash sale, is now a game with a sustainable economy with a mix of FTs and NFTs with over 550k downloads and adequate liquidity is the market. With the first few months fo launching the assets in erly....
Just today, the Junior Achievement of New York began accepting donations in Bitcoin. Bitcoin is by far the most expedient way to accept donations and has proven to be a tool to empower individuals around the world. Junior Achievement of New York (JA New York) serves as a non-profit organization to empower students in grades K-12 by connecting students with volunteers. Volunteers then work with students in afterschool programs, workplace experiences, in the classroom and also help students develop academic, life and career plans. Jacqueline Dolly, Senior Director of Marketing and....