Ethereum-Powered Insurer Nexus Is Winning Over Blockchain Skeptics

Feb 6, 2020 at 12:00 UTCUpdated Feb 6, 2020 at 12:05 UTCThe Federal Reserve is looking at whether launching its own digital currency could be an effective counter to private initiatives such as Libra. Lael Brainard, who sits on the U.S. central bank's board of governors, said Wednesday the Fed is "conducting research and experimentation…

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The Monetary Authority of Singapore (MAS) has proposed standards for using digital money, including central bank digital currencies (CBDCs) and tokenized bank deposits, on a distributed ledger.The technical white paper produced with the International Monetary Fund (IMF), Banca d’Italia, Bank of Korea, financial institutions and fintech firms proposes a common protocol that "specifies the conditions…

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The company behind Polygon Zero, the Ethereum scaling solution, said in a tweet on Thursday that Matter Labs, the firm behind the zkSync rollup, copied part of Polygon’s open-source code without providing attribution.Blockchain projects frequently release their code under open-source software licenses, meaning outside developers are allowed to read, copy, and even (in some cases)…

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Bitcoin is clinging on to the $26,000 level as investors await the highly anticipated speech from the U.S. Federal Reserve Chair Jerome Powell at Jackson Hole later this…

It's the year of the ox, and many traders and investors are holding their bitcoin in anticipation of a bullish market trend. (Shutterstock)Feb 5, 2021 at 8:44 p.m. UTCWhy a Chinese New Year Sell-Off May Not Happen This YearThe lunar Chinese New Year this year is on Feb. 12, right around the corner. But unlike…

feature The Takeaway: Creditors of failed bitcoin exchange Mt. Gox are considering an offer by Russian law firm ZP Legal, which claimed it could recover up to 200,000 BTC from unnamed Russian nationals. Some creditors are questioning the firm’s motives and extraordinarily high fees and looking for alternatives. It’s unclear if Nobuaki Kobayashi, the Mt.…

Feb 20, 2020 at 08:30 UTCCentral Bank of Brazil. Credit: Shutterstock/Alf RibeiroBrazil’s Central Bank to Launch Near-Instant Payments as a Response to CryptocurrenciesA new payments system is coming to Brazil later this year promising almost instant transfers.Called PIX, the project from the country's central bank will provide 24/7 payments in up to 10 seconds via…