The COVID-19 crisis will spur global adoption of blockchain, Chamber of Digital Commerce founder and president Perianne Boring predicted. “We’re seeing all kinds of critical systems being stress tested and cracking under the current demands," she said.
The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”
On Dec. 9, LedgerX derivatives exchange CEO Paul Chou and his wife Juthica, the COO, were unceremoniously removed by the board of the company they founded. While no explanation was given, the company suffered a huge and embarrassing setback over the summer.
Flights of rhetoric surrounding Facebook’s Libra stablecoin and other digital currencies has reached impressive heights at times. But former U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo took it beyond the stratosphere in an October 15 editorial, comparing the launch of an American central bank-backed digital currency to the Apollo 11 mission.