Fed and IBM to Create Their Own Bitcoin?
After breaking below consolidation and moving slightly lower towards the end of last week, bitcoin trading got a boost from reports that the Fed and IBM might work together to create a new version of the cryptocurrency. Word through the street is that these two institutions are working on a national currency based on the bitcoin, which has increased in popularity and mainstream acceptance over the past months. This is certainly an interesting development, as a well-established national central bank and a top technological company could work hand-in-hand to spur more progress in the bitcoin....
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Zimbabwe's currency, the Zimbabwean dollar, is undergoing super-hyperinflation. It is not on its last legs, its kaput, its collapsed, its down and out. Zimbabweans will have to exchange quadrillions of local dollars to gain a few US dollars next week. What would you do? There are various options that Zimbabwe might go in. Create a new fiat currency. Create a new fiat currency. Adopt the US Dollar. Adopt Bitcoin. Create their own digital currency. If they create a new fiat currency then who in the global market would accept it? How long would it take to create, and get accepted into the....
According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that represents a ratio of what customers are owed and what the firm has left on its balance sheet. The pitch claims that if Celsius customers hold on to their tokens there’s a possibility financial loss could be mitigated. Leaked Audio Verified by Former Celsius Employees Reveals an IOU....
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