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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In the midst of heightened market volatility, Tron has once again captured global attention by securing a landmark partnership with the US Department of Commerce. The agency announced today that it has selected the blockchain as one of the primary networks for posting official economic data, beginning with the release of the second quarter gross […]
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....
Chainlink (LINK) surged 3% to trade around $24 on Monday, marking a beginning of a strong performance in September despite a broadly cautious crypto market. Related Reading: No Fireworks, Just Grind: Bitcoin Could Drift To $1M Over 7 Years: Analyst The rally was fueled by two significant announcements: a landmark U.S. government partnership to publish macroeconomic data on-chain and Bitwise’s filing for a spot Chainlink ETF with the SEC. The U.S. Department of Commerce confirmed that the Bureau of Economic Analysis (BEA) will now release critical indicators such as GDP growth and the PCE....