'One currency change every generation,' how monetary skepticism spearheaded c...
"Since the end of the 19th century, there have been seven distinct currencies in the region that is now Czechia," says SatoshiLabs' in-house economist Josef Tětek. Czechia, a country of 10.7 million people in Central Europe, is known for its beautiful capital (Prague), rich history, and good beer. Within the last decade, however, one can now add cryptocurrency adoption to that list. In fact, the Trezor wallet, the first cryptocurrency hardware wallet in the world, was invented here in 2014, and is still going strong. Its parent company, SatoshiLabs, has expanded into creating secure chips....
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The Palestine Monetary Authority is exploring the possibility of issuing its own digital currency. For Palestinians, the minting of a national coin would represent a step, at least a symbolic one, towards achieving monetary independence from the State of Israel. Digital Currency to Help Palestinians Cope With Israeli Restrictions Palestinians are currently conducting two studies on the matter of digital currency. While a decision is yet to be taken, the intention is to eventually employ a digital coin “for payment systems in our country and hopefully with Israel and others to use....
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic cryptocurrency exchanges. Central Bank of Korea to Launch Pilot Platform for CBDC The tech supplier will be chosen through an open bidding process, Bank of Korea (BOK) announced Monday. Its task will be to set up a pilot platform for the launch of the South Korean central bank digital currency....
Forecasting how the global economy will evolve is becoming all but pointless. Anyone can create their own forecast and be right up to a certain extent, but the long-run scenario is impossible to guesstimate right now. Bitcoin users have no love lost for central bankers, and vice versa. Many central banks use rather unconventional monetary policy tools, which is causing friction within the banking sector itself. Something will have to change, as the advantages of Bitcoin and digital currency over central banks become more apparent every day. When people in the Bitcoin world hear the term....
The NXT team recently announced the launch of its monetary system - an ecosystem that will allow users to issue private currencies - both POS and POW - on top of the NXT blockchain. The developers further released a set of parameters under which the new monetary system will perform. As per the available information, users will be required to "lock" a certain amount of NXT coins as collateral for the "currency" they are planning to release. The NXT protocol will meanwhile ensure that each generated currency has a unique name and code. These currencies can be deleted, while their code can be....
The first Bitcoin ATM was unveiled in Rayburn House Office Building, Washington. “Bitcoin is digital decentralized currency and Robocoin is the easiest way for people to buy and sell Bitcoin with cash,” said Robocoin CEO Jordan Kelley. "We're honored to be the first bitcoin company to demo and educate officials about bitcoin on Capitol Hill." “I have a healthy dose of skepticism but it’s positive skepticism. Things are always changing and we live in a global economy now,” said Hank Johnson, Democrat Congressman in the interview to Reuters. Robocoin was the first company to represent the....