Finance professor Jeremy Siegel warns that Bitcoin could ‘take over’ if the dollar continues to lose value. 

Dublin, Ireland – March 1st,  2022 — The Algorand Foundation is delighted to welcome Defactor to the Algorand

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The gaming industry has come together in support of Ukraine by raising money, advertising for the war to end, and disassociating with Russia.

The post Global Gambling Industry Steps Up Ukraine Support as Parimatch Donates EPL Advertising Space appeared first on VegasSlotsOnline News.

Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine, noting that the “implications for the U.S. economy are highly […]

The Malaysian minister says Bitcoin and Ethereum do not exhibit characteristics of money. Malaysian…

The post Malaysian minister says cryptocurrencies are not suitable for payments appeared first on Coin Journal.

The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the bank’s deputy governor has said. The Investigation Phase The deputy governor of the Rwandan central bank, Soraya Hakuziyaremye, recently […]

In 2001, Galbraith published a paper titled “The meaning of a War Economy”, in which he sought to examine how the World Trade Center tragedy changed the outlook for the economy, and what the nation’s response should have been. In 2022, the Russian Federation carried out a military aggression against Ukraine. Most countries determined that […]

The post The New Meaning of a War Economy appeared first on Fintech News.

Mr. Powell reiterated that the US Federal Reserve is preparing to increase interest rates this month, despite the uncertainty of Ukraine crisis remain. (Read More)

Singaporean fintech Hydra X announced that it has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The CMS license will allow Hydra X

The post Hydra X Graduates MAS’ Sandbox, Secures Capital Markets Services License appeared first on Fintech Singapore.

The Future of Money provides a sweeping landscape of how money is changing.

Paper money is an 800 year-old institution implemented by Kublai Khan grandson of Ghengis Khan, and founder of the Yuan Dynasty. After nearly a millennium, bills and coins' time may be ebbing. Sweden projects the end of paper money, amongst its citizens by 2030. Today, 87% of Swedes never use cash for transactions.

What will replace paper money? In the future, central banks may mint Central Bank Digital Coins (CBDCs). Sweden has experimented with the eKronor, the Swedish CBDC, since 2020. The Swedes aren’t the only ones to pursue CBDCs. The Bahamas mints the Sand Dollar. China is developing the e-yuan. Ecuador, Uruguay, Tunisia, the US and others are experimenting or exploring CBDCs.

CBDCs may be the future of monetary policy, enabling governments to mint and destroy money through software. Imagine a reserve bank stimulating the electric bicycle industry in the Kansas City metropolitan area by providing residents new US dollars that are only valid within bike shops in Kansas City.

Digital dollars provide significantly more transparency to governments. Central bankers would swim through the most accurate ocean of economic data possible. Of course, more transparency risks increasing surveillance. Will citizens accept this trade? It’s a question that electorates and leaders will need to answer in the coming decade.

Crypto’s influence on the future of money threads its theme throughout the book’s chapters. But the decentralized ledger may not. DLT, which Bitcoin brought to mass adoption, records financial transactions without needing to trust counterparties. But not everyone building modern crypto applications employs DLTs. For example, Chinese e-yuan transactions are recorded in a centralized database.

Crypto encompasses many ideas: DLTs, digital money, privacy, new financial instruments, trustless interactions, and many more. The potential for innovation from these ideas, their combinations, and their descendants is hard to overstate.

If you’re looking to understand how money moves across banks with SWIFT or how money moves across borders from Omaha to Ouagadougou through correspondent banks or how changes to these systems impact geopolitics, the Future of Money is your ticket.

As the conflict between Ukraine and Russia propels social media reports and donations made in bitcoin, it underscores our decentralizing world.

In February 2020, MG Premium, part of the Mindgeek adult empire, sued unlicensed porn 'tube' site YesPornPlease and affiliate VShare.io. Both platforms soon went offline but after more than two years of legal proceedings, a court has now awarded MG Premium $36.5 million in copyright damages. It claimed to have lost more than $727 million.

From: TF, for the latest news on copyright battles, piracy and more.