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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.

  • Bittax VP Or Lokay Cohen at the Ethereal conference in Tel Aviv on September 15, 2019 (photo by Molly Jane Zuckerman for Modern Consensus).
    Technology

    How the IRS is cracking down on crypto taxes: A conversation with Bittax’s Or Lokay Cohen

    At this weekend’s Ethereal Summit, Modern Consensus delved into the murky waters of cryptocurrency taxation and its various pitfalls

    Or Lokay Cohen has been at crypto tax calculation service Bittax since 2016, which means that she may know more about how to file crypto taxes than any other person alive. Lokay Cohen told Modern Consensus that she came to the Ethereal conference in Tel Aviv on September 15 to meet other like-minded crypto people, as she was toying with the idea of using Ethereum-based smart contracts to pay your taxes automatically for the IRS.

  • "Did someone just say mixer?" (via Pixabay)
    Alt coins

    Decred cryptocurrency launches privacy mixing feature

    The autonomous virtual asset is doubling down on its commitment to allowing users to remain anonymous

    Decred works on a hybrid proof-of-stake/proof-of-work mechanism in which miners create new blocks, but owners of DCR coins vote to make the blocks valid, in exchange for 30% of the block reward. As a result, a little more than half of the roughly 10.3 million extant Decred are staked.