Bitcoin Presents Opportunity, says UK Shadow Minister Onwurah
Chi Onwurah MP, Shadow Minister for Innovation and Science. UK Shadow Minister for Innovation and Science, Chi Onwurah believes that digital currencies such as Bitcoin are a real opportunity for currency to be back in the hands of those who use it. Ms Onwurah who is also the Member of Parliament for Newcastle upon Tyne Central has been leading a Labour Party review that is examining the way digital technology can improve both the effectiveness and efficiency of "people-powered" public services. The review also hopes to develop a framework for powering digital government and giving citizens....
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Bitcoin has the potential to reduce consumers' reliance on giant banks and other entrenched financial institutions, according to Chi Onwurah, the UK's shadow cabinet minister for digital government. Onwurah is leading a sweeping review of how technology is used by UK public services for the opposition party, Labour. The review includes examining institutions dealing with financial services, she said. Speaking exclusively to CoinDesk, Onwurah said: "It's about dispersing power away from the classic, traditional financial institutions ... the public has lost trust in them, for some very good....
During 2014 we saw several occasions of significant political figures from the UK having a bitcoin-friendly stance. UK Shadow Minister Chi Onwurah and Chancellor of the Exchequer, George Osborne both showed their appreciation towards the potential of bitcoin. Osborne in specific commissioned the Treasury to produce a programme of work on cryptocurrencies. It looked like UK politics were looking forward on helping the UK becoming a global centre for the Bitcoin economy. It now becomes obvious that UK banks probably perceived this as a threat. The British Bankers Association, which....
"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.
Next week or roughly around four days from now, The Merge is expected to be implemented and Ethereum will transition from proof-of-work (PoW) to proof-of-stake (PoS). According to Ethereum developers, prior to the Paris upgrade, programmers successfully completed the 13th and last shadow fork. Ethereum’s 13th and Last Shadow Fork Is Complete On Friday, social media has been abuzz with chatter about The Merge and Ethereum’s transition from PoW to PoS. Furthermore, ETH developers and the Ethereum research and engineering company Nethermind revealed the last shadow fork is now....
The Shadow Brokers have backtracked from the auction, they are now willing to make the password public for 10,000 BTCs in crowdfunding. It was expected to turn out this way. The hacker group, Shadow Brokers that was responsible for obtaining a cache of cyber-attack tools allegedly used by US National Security Agency’s Equation Group has decided to get rid of the auction process. The decision was made by the hacking group a few days ago after it failed to gain enough attention. According to Shadow Brokers’ recent post on Medium two days ago, the hacker group is now willing to give away the....