digital currencies – Karma

MIT’s Crystal Ball Sees Tiny AI, Unhackable Internet, Satellite Constellations Among 2020 Tech Breakthroughs

Mark Shenk — Wed, 26 Feb 2020 23:04:43 +0000

An Internet that’s unhackable, personalized medicine and digital money top the MIT Technology Review’s 2020 list of breakthrough technologies likely to change how people live and work over the next decade. The annual list, which is as highly anticipated each February as the Oscars and Groundhog Day, at least among the tech-savvy, also includes satellite mega-constellations […]

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Mark Cuban Gives Bitcoin a Big “No” While China Pushes Further into Digital Currency

Ron Day — Tue, 10 Dec 2019 21:39:46 +0000

Stark contrasts in how digital currencies are viewed around the world were on display this week, as billionaire Mark Cuban said bitcoin has “no chance” of becoming a reliable currency and China pushes ahead with a plan to test and introduce a digital one. “It’s too difficult to use, too easy to hack, way too […]

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Stablecoin Companies Prep for Mainstream as Big Banks, Facebook Launch Digital Currencies

James Quirk — Mon, 30 Sep 2019 21:44:45 +0000

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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Germany Ramps Up Libra Opposition as Banks Develop Competing “Stablecoins”

James Quirk — Tue, 17 Sep 2019 21:03:25 +0000

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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Telegram’s GRAM Cryptocurrency Debut Will Raise User Interest and Regulator Scrutiny

James O'Malley — Tue, 03 Sep 2019 13:00:44 +0000

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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Global Tax Chiefs Increase Crypto Enforcement Efforts to Nail Tax Cheats

Max Ratner — Wed, 28 Aug 2019 15:34:50 +0000

In a sure sign that cryptocurrency is close to becoming mainstream, governments around the world are stepping up efforts to make sure they get their cut of the action. The tax enforcement agencies of the U.S., U.K., Canada, Australia and the Netherlands — the so-called Joint Chiefs of Global Tax Enforcement — are cracking down […]

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U.S. Fears Terrorist Bitcoin Misuse While Arab Americans Decry Discrimination

Juliette Fairley — Tue, 20 Aug 2019 16:39:56 +0000

While the U.S. Treasury Department expressed concern that terrorist financiers could misuse digital currencies, including Libra and Bitcoin, anti-discrimination advocates say that crypto currencies are not funding terrorist activities, but rather have been adopted to bypass discriminatory practices by financial institutions. “There is always a concern that national security laws and measures will lead to […]

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