A library of snippets
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There are also several examples of off-chain collateralized stablecoins. The most popular ones are USDT and USDC, both USD-backed stablecoins. They are both available as ERC-20 tokens on the Ethereum blockchain. DGX is an ERC-20 based stablecoin backed by gold, and WBTC is a tokenized version of Bitcoin, making Bitcoin available on the Ethereum blockchain.
From Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets | St. Louis Fed:
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In an interview with Der Spiegel, ECB board Fabio Panetta states that “We might only allow digital euro holdings up to a certain threshold, or make them unattractive above this amount by charging interest. For example, the threshold could be around €3,000, which would be far more than the cash requirements of most people today. But this is still under discussion.
From ECB ponders €3000 threshold for consumer digital euro holdings.
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The Travelling Influencer Problem I believe is this. “Given a list of countries, government restrictions and distances, what is the shortest path to getting home without restrictions being placed on me?”. When you take time to think about it, it is an interesting problem.
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Equifax has acquired long-term Open Banking partner AccountScore, in a deal that will see the combination of traditional credit bureau information held by Equifax with bank transaction data.
The acquisition positions Equifax at the forefront in the transition of Open Banking to Open Finance
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DeFi may increase the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system’s composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services.
Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets | St. Louis Fed:
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Bluford Putnam, chief economist and managing director of CME Group, believes bitcoin is an “emerging competitor” to gold.
In a CME-presented explainer video posted by Bloomberg on Wednesday, Putnam said the yellow metal’s ongoing production, likely to increase in 2021, contrasts with bitcoin (BTC, +0.55%)‘s fixed supply.
The World Gold Council estimates roughly 197,576 metric tonnes (217,790 tons) of the shiny metal have been mined throughout history with an additional 2,500-3,000 tonnes (2,756-3,306 tons) added to stock levels each year.
From Bitcoin an ‘Emerging Competitor’ to Gold, Says CME’s Chief Economist – CoinDesk.
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Cryptocurrencies could replace gold as an electronic store of value once key hurdles such as trust, volatility, regulatory acceptance and reputational risks are overcome, according to a research note from the Bank of Singapore.
From Cryptocurrencies could replace gold as a store of value, Bank of Singapore says | The National.
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“Dogecoin,” says Markus, “from ‘that seems like it’s funny’ to actually doing it, took about three hours. It’s almost trivial to create a new cryptocurrency.”
It was a find-and-replace job.
Ctrl+F ‘Bitcoin,’ replace with ‘Dogecoin.’
Markus freely admits to finding large chunks of bitcoin’s source code completely incomprehensible, but knew enough to change a few core elements for Dogecoin. For example, Markus created 100 billion dogecoins (as opposed to bitcoin’s 21 million) and made them easier to mine. (Dogecoin is already close to being mined out, while bitcoin’s final coin will be mined in 2140.)
From Dogecoin: Cryptocurrency like bitcoin, but kind of a joke – CNET:
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Visa created Smarter Settlement Forecast to provide clients with customized 7-day forecasts of the settlement amount they may need on hand each day. The service uses information generated by historical settlement volumes, seasonal indicators, macro-trends, outlier events, such as those surrounding COVID-19, and real-time transaction data to provide high quality predictions of cash outflows and inflows. These forecasts can help issuers and acquirers optimize treasury and liquidity management processes, and assist financial institutions settling in multiple currencies with predictions for each currency.
From Visa Introduces AI-Powered Innovations for Smarter Payments | undefined:
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SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, a move some see as a sign that China wants to explore global use of its planned digital yuan.
From UPDATE 1-SWIFT sets up JV with China’s central bank | Reuters:
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