In an imagined future world of cryptocurrencies, fallible and politically influenced central bankers are replaced with algorithms and currencies get more valuable over time, not less so.
Even if cryptocurrencies continue to grow (and they most likely will), if we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies.
Traditional enterprises generate most of their revenue in those currencies and they also handle all their debts and payments in the same currencies.
Ultimately, this means billions of dollars in tokenized fiat currencies must be available on the public blockchains to facilitate these transactions and payments.
It also means that private central-banking blockchains are not necessarily likely to have a big role ahead.
New York realtors looking to avoid hiccups in their commission payouts can now turn to blockchain-based smart contracts. The first real estate commission split was brokered earlier this summer in Manhattan’s ritzy SoHo neighborhood by New York-based Bapple Realty.
Charles Hoskinson, CEO of IOHK, and the founder of Cardano, recently accepted an invitation to talk to a gathering at Google’s London headquarters. He, along with Duncan Coutts, IOHK Director of Engineering, talked about blockchains and the future of cryptocurrencies and answered audience questions about the new technology as well.
This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
The US Secret Service is worried about the illicit use of cryptocurrencies. A high-ranking official of the agency has urged Congress to consider additional legislation to address anonymity-enhanced cryptocurrencies and services intended to obscure transactions on blockchains such as tumblers or mixers.
UBS Group CEO Sergio Ermotti is not a fan of cryptocurrencies. However, he said that blockchains could be used to reduce costs in the financial services industry and noted that it could help in improving gross margins.
The shift has already started; finance is moving onto the blockchain, leveraging the decentralization and disintermediation benefits of the technology’s architecture.
Input Output [IOHK] was founded by Charles Hoskinson and Jeremy Wood back in 2015 as a technology-based company with the focus to provide financial services to the three billion people who do not have access to them, with the use of peer-to-peer innovations.
With the creation of Bitcoin and its blockchain, Satoshi Nakamoto introduced an entirely new practical application for cryptography, unearthing an unexplored area for computer science and technological development.
OneBalance, a new developer platform focused on simplifying crypto’s fragmented user experience, has raised $20 million in a Series A funding round. The round was led by cyber•Fund and Blockchain Capital, according to a release shared with crypto.news. The company…
Cardano price remained in a tight range on Tuesday, June 3, even after the layer-1 network crossed a 110 million transaction milestone. Cardano (ADA) was trading at $0.6920, down 20% from its highest point in May. It is also hovering…
PARTI price surged 12% as it embarked on a recovery from a deep pullback, buoyed by explosive growth in Universal Accounts and network activity reported in its latest Q1 update. Particle Network (PARTI) has jumped 12% in the last 24…
The Wyoming Stable Token Commission has partnered with Inca Digital Federal LLC to enhance security and risk monitoring for its upcoming state-issued stablecoin. Scheduled for public launch in July 2025, the Wyoming Stable Token is currently being tested on multiple…
Shiba Inu’s price has gone down nearly 5% in the past day of trading. Meanwhile, Shibarium’s total transaction volume has exceeded 1 billion for the first time in history. According to data from crypto.news, SHIB (SHIB) has gone down by…
