cryptocurrency – Karma https://karmaimpact.com Advancing people, planet and profit. Thu, 07 May 2020 23:14:50 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 How Blockchain Technology Can Advance Sustainability /how-blockchain-technology-can-advance-sustainability/ /how-blockchain-technology-can-advance-sustainability/#respond Fri, 08 May 2020 10:00:00 +0000 /?p=15972 Blockchain technology can help further sustainability issues The inexpensive technology offers a network that provides secure information instantly available The low adoption rate of blockchain technology has to do with a digital divide in the world where only some have access to the Internet and the problem of scalability.  Blockchain technology may be set for […]

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]]> /how-blockchain-technology-can-advance-sustainability/feed/ 0 Davos Day 3: FinTech Giants Take on Central Banks on the Future of Digital Money /davos-day-3-fintech-giants-take-on-central-banks-on-the-future-of-digital-money/ /davos-day-3-fintech-giants-take-on-central-banks-on-the-future-of-digital-money/#respond Thu, 23 Jan 2020 22:14:04 +0000 /?p=14669 Tech giants and government officials brought their simmering dispute over the future of cryptocurrency to the World Economic Forum, arguing over whether providing a way for the unbanked to tap into financial services is more important than concerns over privacy. Facebook ignited global concerns that a digital currency would circumvent the traditional banking system when […]

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]]> /davos-day-3-fintech-giants-take-on-central-banks-on-the-future-of-digital-money/feed/ 0 European Central Bank Explores Creating Its Own Digital Currency /european-central-bank-explores-creating-its-own-digital-currency/ /european-central-bank-explores-creating-its-own-digital-currency/#respond Wed, 27 Nov 2019 20:08:20 +0000 /?p=13971 The European Central Bank is leaning toward a “if you can’t beat them, join them” stance regarding digital currencies, recognizing shortcomings of the existing system and consumer demand for better solutions. The bank will explore new technologies that could ensure safety for consumers, including a central bank digital currency, ECB board member Benoît Cœuré suggested […]

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]]> /european-central-bank-explores-creating-its-own-digital-currency/feed/ 0 China Central Bank to Target Blockchain, Other Technologies in New Fintech Regulations /china-central-bank-to-target-blockchain-other-technologies-in-new-fintech-regulations/ /china-central-bank-to-target-blockchain-other-technologies-in-new-fintech-regulations/#respond Thu, 21 Nov 2019 22:00:26 +0000 /?p=13855 China’s Central Bank is preparing to launch a fresh round of regulations covering 17 financial services technologies, including blockchain, a high-ranking official said. People’s Bank of China Vice President Yifei Fan’s remarks Wednesday come amid a government campaign to keep pace with fast-changing developments in financial technologies.  “The financial industry either lacks the standards or […]

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]]> /china-central-bank-to-target-blockchain-other-technologies-in-new-fintech-regulations/feed/ 0 Central Banks Wake Up to Embrace Financial Inclusion /central-banks-wake-up-to-embrace-financial-inclusion/ /central-banks-wake-up-to-embrace-financial-inclusion/#respond Tue, 12 Nov 2019 16:45:25 +0000 /?p=13686 It’s no surprise that European institutions are spearheading innovation and regulation of cryptocurrency, but this latest move will affect central banks around the world. The Bank of International Settlements (BIS) appointed Benoît Cœuré as the new head of its Innovation Hub. The international organization’s mandate includes the topics “central bank digital currencies, global stablecoins, payment […]

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]]> /central-banks-wake-up-to-embrace-financial-inclusion/feed/ 0 Congress Grills Zuckerberg for Pitching Libra as Solution for the Unbanked /congress-grills-zuckerberg-for-pitching-libra-as-solution-for-the-unbanked/ /congress-grills-zuckerberg-for-pitching-libra-as-solution-for-the-unbanked/#respond Wed, 23 Oct 2019 21:29:31 +0000 /?p=13089 Facebook CEO Mark Zuckerberg, testifying again today on Capitol Hill, faced pushback from members of Congress skeptical of his claims the social media giant’s proposed Libra stablecoin is intended to help the world’s unbanked. The hearing before the House Committee on Financial Services was supposed to be about Libra but ranged from banning anti-vaccination ads […]

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]]> /congress-grills-zuckerberg-for-pitching-libra-as-solution-for-the-unbanked/feed/ 0 Former Trump Advisor, Fed Pick Moore to Launch Controversial Crypto Frax /former-trump-advisor-fed-pick-moore-to-launch-controversial-crypto-frax/ /former-trump-advisor-fed-pick-moore-to-launch-controversial-crypto-frax/#respond Mon, 21 Oct 2019 21:06:28 +0000 /?p=13056 A former Trump campaign advisor and unsuccessful Federal Reserve nominee is set to launch a new stablecoin backed by a pricing model that has already failed once because of regulatory concerns. Economist Stephen Moore, who withdrew his nomination to the Federal Reserve this year, and partner Sam Kazemian, founder of the Wikipedia competitor Everipedia, are […]

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]]> /former-trump-advisor-fed-pick-moore-to-launch-controversial-crypto-frax/feed/ 0 Stablecoin Companies Prep for Mainstream as Big Banks, Facebook Launch Digital Currencies /stablecoin-companies-prep-for-mainstream-as-big-banks-facebook-launch-digital-currencies/ /stablecoin-companies-prep-for-mainstream-as-big-banks-facebook-launch-digital-currencies/#respond Mon, 30 Sep 2019 21:44:45 +0000 /?p=12446 Key Takeaway: As big banks like Wells Fargo, JPMorgan offer stablecoin cryptocurrencies, and Facebook and Walmart reportedly plan theirs, smaller providers are plotting how to stand out in the rapidly evolving sector. You can almost hear Morten Nielsen’s eyes roll when he discusses the pending launch of Facebook’s controversial stablecoin, Libra. “Ah, another huge American […]

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]]> /stablecoin-companies-prep-for-mainstream-as-big-banks-facebook-launch-digital-currencies/feed/ 0 Germany Ramps Up Libra Opposition as Banks Develop Competing “Stablecoins” /germany-ramps-up-libra-opposition-as-banks-develop-competing-stablecoins/ /germany-ramps-up-libra-opposition-as-banks-develop-competing-stablecoins/#comments Tue, 17 Sep 2019 21:03:25 +0000 /?p=12137 In the latest round of setbacks for Facebook’s planned Libra cryptocurrency, Germany ramped up its rhetoric against the electronic money today and Wells Fargo announced a blockchain plan that may be a competitor. In Germany, Finance Minister Olaf Scholz Tuesday said Berlin would reject any emergence of what he called “a parallel currency.”  Scholz’s remarks, […]

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]]> /germany-ramps-up-libra-opposition-as-banks-develop-competing-stablecoins/feed/ 1 Telegram’s GRAM Cryptocurrency Debut Will Raise User Interest and Regulator Scrutiny /telegrams-gram-cryptocurrency-debut-will-raise-user-interest-and-regulator-scrutiny/ /telegrams-gram-cryptocurrency-debut-will-raise-user-interest-and-regulator-scrutiny/#respond Tue, 03 Sep 2019 13:00:44 +0000 /?p=11690 Move over Libra: Messenger app Telegram may be set to steal Facebook’s thunder with the debut of its own long-awaited cryptocurrency by the end of October. The launch of the coin, dubbed GRAM, shows the ambitions of its libertarian, Russia-born, founder Pavel Durov, who built the app to send encrypted messages that no one can […]

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