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.
6 central banks team up to explore digital currencies
England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies
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.”
LedgerX founders Paul and Juthica Chou ousted after futures debacle
Badly embarrassed by a bungled futures launch, the derivatives exchange removed its CEO and COO the same day rival Bakkt expanded its offerings
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.
Overwrought vs. overhyped: From France and America, dueling views of digital currencies
Whether issued privately by Facebook’s or publicly by a central bank, digital currencies bring strong opinions and flights of rhetoric
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.