Boston Fed Researchers: We're Bullish on Bitcoin as a Technology
The Federal Reserve Bank of Boston became one of the first members of the US central banking system to issue an in-depth paper on bitcoin last September that suggested the digital currency was emerging as a cost-effective online shopping tool. Fast forward to today, however, and the number of large merchants entering the bitcoin ecosystem seems to be stagnating. Though major e-commerce players such as Dell and Overstock are expanding the payment option overseas, there has yet to be a billion-dollar merchant of their stature to begin accepting bitcoin in 2015. In a new interview, Boston Fed....
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A Kansas resident has started a bitcoin fundraising campaign to raise money for a Boston hospital, in response to the Boston bombing. Trey Copeland registered bitcoinsforboston.com on April 16, the day after the bombings in Boston, which struck at 2:50pm eastern time. The site asks for people to donate bitcoins to help the Boston Medical Center. "I received my first bitcoin in 2011," said Copeland, who describes himself as a true believer in the bitcoin currency. "This project was created to show that bitcoins can also be used to help people in a time of need." Copeland is planning to....
Blockchain-based architecture was deemed “not a good match” as researchers weighed several technological designs. The world recently got a sneak peek at what a digital dollar, or at least one component of a hypothetical United States central bank digital currency (CBDC), might look like, courtesy of Project Hamilton, a collaborative effort of the Federal Reserve Bank of Boston and the MIT Digital Currency Initiative. The results of the project’s first phase were originally expected last summer but were released on Feb. 3. The project, announced in 2020, is named in honor of Alexander....
The Massachusetts Office of Consumer Affairs is reviewing the Boston Bitcoin ATM, after issuing a warning. Last Tuesday, another warning against the usage of Bitcoin was thrown into the world. The Massachusetts Consumer Affairs Office issued an official consumer alert, warning people about the risks of buying and trading the virtual currency. Mt. Gox and Boston ATM. The alert isn't any different from previous warnings we've seen, but it's special since it was issued by the state of Massachusetts. The state recently made headlines when one of America's first Bitcoin ATMs was surprisingly....
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings of Their CBDC Research The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) released the initial findings of their central bank digital currency (CBDC) research on Thursday. This research is separate from the digital dollar research....
The researchers published results from “Project Hamilton,” which was first announced in 2020 to explore the use of existing and new tech to build and test a hypothetical CBDC platform. Theoretical research into a Central Bank Digital Currency (CBDC) in the U.S. has found that distributed ledger architecture has “downsides.” The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology published their findings of their initial research into a CBDC on Feb 3. The research project, dubbed “Project Hamilton,” tested a “hypothetical general....