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    United States

    Finance professionals predict US first to global digital currency

    China’s digital yuan has a big lead, and a central bank representative called the creation of the first global stablecoin ‘a horse race.’

    China has spent five years preparing to launch the digital yuan, which might happen in a matter of months. But bankers and financial industry professionals surveyed at an industry conference in October still believe the United States will be the first to create a global digital currency.

  • What do we think of this thing? (via Pixabay)
    Bitcoin

    Chainalysis: Financial professionals love, fear Bitcoin

    Half of the bankers and financial professionals surveyed believe Bitcoin will beat the S&P 500 in 2020, but compliance concerns are keeping them away

    Financial professionals see a bright future for cryptocurrencies, yet the vast majority say legal and regulatory concerns are causing their clients are keeping their distance, according to a new study.

  • Cointelegraph's new editors: Jay Cassano (left) is editor in chief while Dylan Love (right) is news editor (courtesy of Cointelegraph).
    Media

    EXCLUSIVE: Cointelegraph finally gets new editors

    Veteran investigative journalist Jay Cassano is now editor in chief, Dylan Love is head of news

    Crypto news site Cointelegraph now has two new editors. Veteran journalist Jay Cassano will be taking the helm of the publication as editor in chief, while Dylan Love will be head of news. Though still widely read in crypto, Cointelegraph had been officially rudderless since mid-September. That’s when executive editor Olivia Capozzalo and head of news Molly Jane Zuckerman simultaneously quit. As proof for those who believe crypto journalism is one giant revolving door, Zuckerman has been a contributor to Modern Consensus, a role her replacement at Cointelegraph used to hold for about nine months.

  • This doesn't look like a good business plan (via Pixabay).
    Alt coins

    Stellar burned by $3.5 billion gamble

    The Stellar Development Foundation just lost billions to give other lumen cryptocurrency owners a mere $260 million windfall.

    On November 5, the Stellar Development Foundation shocked attendees of its first Stellar Conference in Mexico City by announcing that 55 billion of the 105 billion lumen (XLM) in existence had been “burned” by sending them to a wallet with no key.