Commerce Department To Release Blockchain Statistics, Says Lutnick
Howard Lutnick, the US Secretary of Commerce and former CEO of Cantor Fitzgerald, announced plans to integrate blockchain technology into the dissemination of economic statistics. GDP Statistics On The Blockchain Speaking at a cabinet meeting with President Donald Trump on Tuesday, Lutnick articulated his vision of placing Gross Domestic Product (GDP) data on the blockchain, […]
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The US Commerce Department is hosting an event that will see discussion on how blockchain tech could be applied to digital copyright. Scheduled for Friday, the event is being organized by the department’s Internet Task Force, which draws support from the US Patent and Trademark Organization (USTPO), the National Telecommunications and Information Administration (NTIA), the International Trade Administration (ITA) and the National Institute of Standards and Technology (NIST). The group was founded to explore a range of issues, from copyrights to digital privacy and cybersecurity. The....
Cantor Fitzgerald, a leading global financial services firm, is partnering with SoftBank, Tether, and Bitfinex to build a Bitcoin acquisition vehicle. The new venture will be called 21 Capital and is expected to raise $3B worth of Bitcoin from its partners – $1.5M from Tether, $900M from SoftBank, and $600M from Bitfinex. 21 Capital looks to follow MicroStrategy’s investing path, which saw a surge in market cap (all the way up to $91B) after shifting to Bitcoin. Read on as we explore the details of this deal and what it could mean for the broader crypto market. We’ll also suggest....
On 1st December, the state of Illinois took its first step in its ambitious multi-agency plan to guide the integration of blockchain technology into government operations. The Illinois Department of Financial and Professional Regulation (IDFPR) announced that it has released for public comment its proposed Digital Currency Regulatory Guidance on decentralized "virtual currencies", which is intended to address inadequacies found in the IDFPR’s interpretation of the state’s Transmitters of Money Act. The release happened at the same time the state’s Department of Innovation & Technology....
Bitcoin, like other virtual currencies, is fundamentally not a currency, the head of the Chinese central bank's financial survey and statistics department, Sheng Song Cheng, wrote in an opinion piece published online on 2nd January. Sheng's piece added that it would be difficult to see how bitcoin could ever be considered a currency in the future. Although Sheng's view underlines the central bank's official position laid out last month, which states that bitcoin is not a currency "with real meaning", the statistics head took the additional step of labelling the cryptocurrency a "utopia"....
The first hundred days of President Donald Trump’s return to the White House have produced a string of Bitcoin-centric policy moves, capped by Commerce Secretary Howard Lutnick’s forceful comparison of the asset to “gold” and his declaration that it now enjoys unequivocal federal backing. In a conversation with Bitcoin Magazine’s Frank Corva inside the Executive […]