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IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline

IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline

The Chief Economist of the International Monetary Fund (IMF), Gita Gopinath, expressed in an opinion piece in the Financial Times that digital currencies would not displace the US Dollar as the currency that dominates the global trade and finance.

Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

Binance China Blockchain Institute, the research arm of global exchange Binance has formed a strategic partnership with Xinyuan Group to further the application of blockchain technology in the global real estate industry—including New York.

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy

Stablecoins and the technology underlying them will be the building blocks of a more sustainable, inclusive and resilient global financial system according to the World Economic Forum (WEF).

United States Financial Regulators Sign Onto the Global Financial Innovation Network

United States Financial Regulators Sign Onto the Global Financial Innovation Network

In a joint report released by the US Securities and Exchange Commission on 24th October 2019, four US financial watchdogs have joined the Global Financial Innovation Network (GFIN).

Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data

Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data

Algorand, the first pure proof-of-stake (POS) blockchain created by cryptography pioneer and Turing award winner Silvio Micali, has launched a global Coronavirus (Covid-19) survey. The company published a blog post on March 27 announcing its ‘IReportCovid’ survey app. The aim of the survey is to compile a public database to share information on the spread, status, and symptoms of the COVID-19 pandemic and give updates in “real-time.”

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.

ECB President Pushes for Digital Euro but Calls for Global Bitcoin Regulation

ECB President Pushes for Digital Euro but Calls for Global Bitcoin Regulation

Christine Lagarde, European Central Bank president, said the Bitcoin has been used for money laundering activities and is calling for global regulation of the cryptocurrency.

“2020 5th Global Asset Allocation Focus” will be held in Shanghai in August

“2020 5th Global Asset Allocation Focus” will be held in Shanghai in August

Global Asset Allocation Focus 2020 (hereinafter referred as GAAF2020), founded in 2016. With a four-year proven-track record, GAAF2020 will invite more than 500 participants from more than 10 countries, who are mainly senior executives from private banking, family office, independent wealth, asset management, funds, securities, trusts, insurance, futures, etc. GAAF2020 will invite 40+ speakers to share their insights on the theme of "Chinese Opportunities".

G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins

G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins

The Financial Stability Board (FSB), the G20 body that advises on ways to improve the global financial system, has published a study on the challenges, which stablecoins pose for the global economy. The FSB stated that regulatory frameworks have already covered several activities associated with stablecoins, although there are other risks that many national regulators could be left unprepared for.

Allied Market Research: Blockchain Integration into the Global Retail Market to Garner $11 Billion by 2026

Allied Market Research: Blockchain Integration into the Global Retail Market to Garner $11 Billion by 2026

Allied Market Research, a global market research and business firm, has reported that the incorporation of blockchain into the global retail market will garner $11.18 billion by 2026 from $83 million recorded in 2018.

World Economic Forum Launches Global Consortium for Digital Currencies Governance

World Economic Forum Launches Global Consortium for Digital Currencies Governance

The World Economic Forum has unveiled a global consortium that aims to design a framework for the governance of digital currencies, including stablecoins. The consortium will focus on increasing access to the financial system through innovative policy solutions, which are interoperable and inclusive. The inspiration behind the formation of the consortium is based on the premise that opportunities for financial inclusion can only be unlocked if the space is properly regulated and include private-public cooperation across emerging and developed markets.

Bitpay Now Supports Binance's Stablecoin For Global Payments

Bitpay Now Supports Binance's Stablecoin For Global Payments

Binance and Bitpay have partnered to enable consumers and merchants to access Binance stablecoin.

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