Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.
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Author: Nikhilesh De
The manager of $1.4 billion first bought bitcoin trust shares in 2017.
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Author: Danny Nelson
Wood said large companies are asking her if they should follow Square’s lead.
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Author: Danny Nelson
The ether rally appears to be more organic and driven from within the crypto industry.
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Author: Muyao Shen
Quick Take
- eToro jumped on the crypto ride early, so in many ways it was prepared for 2020.
- The company is soaring thanks to bitcoin’s rally, but don’t expect the rollercoaster to stop.
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Author: Ryan Weeks
Hawaii’s Digital Currency Innovation Lab is accepting a second round of applications through Feb. 26.
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Author: Danny Nelson
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.
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Author: Daniel Cawrey
Putin’s opponent received 3.7 bitcoin in the last week, tripling the amount raised in the first two weeks of 2021.
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Author: Anna Baydakova
University endowments that backed blockchain VCs in 2018 have started buying crypto directly from Coinbase.
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Author: Ian Allison
Bank of England Governor Andrew Bailey says a “lasting” digital currency has yet to be invented.
Bailey’s comments came during a World Economic Forum panel on “Resetting Digital Currencies.” Bailey said recent innovations for payments infrastructure are here to stay, and digital currencies have a role in dismantling longstanding barriers like speed and cost. Still, Bailey believes that existing cryptocurrencies haven’t solved the necessary governance questions to be used as currency themselves.
“Have we landed on what I would call the design, governance and arrangements for what I might call a lasting digital currency? No, I don’t think we’re there yet honestly.”
Existing cryptocurrencies as they were originally designed, according to Bailey, don’t sufficiently provide people with assurance their payments will be properly executed in a form of stable value. From his vantage point, Bailey said payments innovation will trend toward a fiat-based solution in order to execute payments in a form of stable value.
However, digital innovation is here to stay, according to Bailey. For that reason, he said leaders are right to continue to debate the merits of stablecoins and central bank digital currencies as a lasting solution for payments.
“We’ve got big challenges still to solve where it should help us,” he said.
Those big challenges include lowering the cost of cross-border remittances and payments, according to Bailey.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Aislinn Keely
