The proof is in the pudding when it comes to Bitcoin’s proof-of-work mechanism versus a proof-of-stake consensus mechanism debate.

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The Swiss National Bank has worked with some leading financial institutions globally to look into central bank digital currencies (CBDCs). Through this partnership, the institution [...]

Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations “signals [an] endorsement of the cryptocurrency space,” and also says that “Cryptocurrencies may not align with the […]

What’s Cryptocurrency Collateral? Collateral, as we know it in the traditional banking system, can be something of value that a borrower gives to the lender (in this case, the bank) as a pledge to secure repayment of the loan. In digital currency, the borrower pledges crypto collateral to the lender in exchange for stablecoin or ... Read more

The post What’s Crypto Collateral? How Collateral Works? first appeared on Blog.

Rio de Janeiro, Brazil, 23rd December, 2021, Chainwire The growth of the GameFi market within the crypto ecosystem has seen tremendous growth in the past year and is showing all the signs for an upward trajectory in the impending future. As such, Elfin Kingdom, one of the most promising projects in the play-to-earn space has

Gary Gensler, head of the U.S. Securities and Exchange Commission (SEC), has alluded to the idea that Bitcoin is in competition with the American financial system and its global consensus. Speaking with former SEC Chairman Jay Clayton at the DACOM 2021 conference, Gensler said Satoshi’s original idea for Bitcoin has ultimately become at odds with […]

The post SEC Chair Gary Gensler Says Bitcoin in Competition with US Banking System appeared first on Coin Bureau.

2021 may go down as the year for meme trading: from the Wall Street Bets saga in January to runs on cryptocurrencies like DogeCoin and SHIB, it's safe to say that this holiday season, there are sure to be some interesting conversations happening around the dinner table. Rounding off the end of this year and hoping to capitalize on the ongoing conversations about American inflation, jobs, and monetary policy is a new project recently launched on Binance Smart Chain (BSC) and trading exclusively on PancakeSwap that calls itself The FED Money Printer.

The idea for the coin itself was spun out of a simple joke: the idea that the Federal Reserve Banking system prints money, but what if people were able to print money themselves? The mechanics are that of a simple reflection token: whenever an investor buys or sells, they pay a 15% tax, wherein 4% goes to liquidity to maintain stability and growth, 4% goes to a Treasury fund, and the remaining 7% is dispersed among stakeholders in the form of BUSD-a BSC currency pegged to the value of the USD. Simply put, the more people hold during periods of volatility, the more money they get back.

Art... that makes money

“The whole thing is almost like an art project,” explained the developer, Sobel. “We just wanted to capitalize on the larger conversations happening around America's economic recovery efforts and see if we could inject ourselves in the middle of it through light-hearted political satire about monetary policy. We're blown away by how overwhelmingly positive the response has been from people.”

However, not everybody seems to share their enthusiasm. “Yeah, our launch did rub some people the wrong way, some more conspiracy-minded people seemed to have had our humor go over their heads-- our Telegram channel even got raided by a group from 4chan at one point.”

Despite these setbacks, Sobel saw an opportunity to incorporate the crisis into the brand: “I took a page from [John Maynerd] Keynes, and decided to win over some of our opposition by offering a stimulus package of free shares to anybody who wanted them. It didn't take long to bring many of them onboard.”

A Brighter Future

“At the end of the day it's just fun,” stated Sobel plainly. “I want everybody to be able to go into the holidays being able to say they paid for their presents with the ‘money printer.' It's just plain wholesome.”

What follows from there, the developer was a bit more oblique: “well I have seen in the news that the Federal Reserve likes talking about minting a trillion dollar coin some day. We don't do NFT's right now, but that could be something worth looking into.”

To connect with the team behind the FED Money Printer project, check out their website or join their Telegram channel.

Ethereum is the blockchain protocol with the most active developers and the most projects built on top of its platform. That’s why we have put together this comprehensive...