Bitcoin Experts Convene in Bretton Woods to Discuss Cryptocurrency's Future
A group of bitcoin experts will be convening in Bretton Woods to discuss current cryptocurrency trends and where it might be in the future. Among this panel are Victoria van Eyk, ChangeTip's vice president of community development, Jinyoung Lee Englund from the Digital Currency Council, and Michael Casey, senior adviser at the Digital Currency Initiative at MIT Media Lab. The group will spend three days in discussions to come up with a document that explains what bitcoin is, what parts of the economy it could potentially change, and what the roadblocks to that change could be. Future of....
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The Bretton Woods 2015 White Paper lists the goals, opportunities and threats faced by Bitcoin industry. It also offers certain recommendations which could help build a harmonious relationship between the Bitcoin industry and regulators. The North American Bitcoin Conference held on 21 and 22 January in Miami saw the release of Bretton Woods 2015 White Paper. The report, a comprehensive study on the history, currency status and future of Bitcoin and Blockchain technology was released by Joe Colangelo, the Executive Director of Consumer’s Research – the organization that commissioned this....
Bitcoin’s price has stagnated over recent weeks in a tight range. Despite this price action, the fundamentals for the cryptocurrency are rapidly strengthening. Investors in Bitcoin got a boost just recently when the International Monetary Fund called for a new Bretton Woods moment. Bretton Woods was the agreement in 1944 that integrated the gold standard and implemented a monetary world order. Analysts think that this call for “another” Bretton Woods moment will boost Bitcoin. The […]
A second Bretton Woods era will be even more centralized and even further from a true democracy. Barely 100 years ago at the start of the 20th century, people were able to exchange dollars for gold at their local bank. While gold was too hard to trade between people, banking institutions held gold and gave people cash for it. This was during what was known as the gold standard. Each sovereign currency’s value was determined relative to a fixed amount of gold. However, in the decades ahead, that standard quickly changed.Toward the end of World War II, dozens of powerful people organized a....
The statement appeared as a takeaway from Blockworks' Bretton Woods: The Realignment conference that gathered economists, macro analysts, and investors to discuss Bitcoin. Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Aug. 16.The senior commodity market strategist credited the "digitization of money and finance" behind the Bitcoin market's superior growth against gold, noting that the same factors helped the U.S. dollar gain dominance "rapidly and organically" over the precious metal. Spot....
The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The post Video: The Fed Considers CBDCs And Bretton Woods 2.0 appeared first on Bitcoin Magazine.