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DIGITAL CURRENCIES WON’T REPLACE USD SAYS IMF ECONOMIST

February 25, 2020


A South Korean Crypto Exchange launches an RND center and the great state of Virginia looks to blockchain for their elections, let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center. The initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company. How will this affect the growth of the platform and also the future of crypto in South Korea? “pro-Bitcoin” news outlet called “Nakamoto” launched with the stated intention of letting industry thought leaders share positive content about cryptocurrencies. According to the about section of the Nakamoto website, the platform was launched “to create a venue for quality technical, philosophical, and cultural writing that is of general interest to the crypto community as a whole, for beginners and experts alike.” What is Pro bitcoin trying to tell the rest of us, and what will their next move be? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. In the USA, the great state of Virginia’s state legislature looks to study blockchain to improve elections and voting. Prefiled on Dec. 27 and scheduled for offering on Jan. 8, a new bill requesting further study into blockchain-based elections has emerged in Virginia’s General Assembly. The bill, House Joint Resolution 23, asks the Department of Elections to determine whether blockchain technology should be considered to secure voter records and election results. There is an old adage that in America the states are laboratories, so if this blockchain initiative works in Virginia, what will the other states do? BitBox, the Singapore-based cryptocurrency exchange operated by internet messaging giant Line, announced that it will delist XRP on Jan. 16. “We keep a constant watch on all coins that are being traded on BITBOX. If a coin does not meet our standards based on its performance, reliability, liquidity, or law and regulatory requirements, it will be delisted from our exchange. To protect your assets and interests, we provide sufficient notice before delisting.” How will this affect XRP moving forward? In an op-ed for the Financial Times on Tuesday, Gita Gopinath, who took over as the IMF’s chief economist in January 2019, wrote that although cryptocurrencies represented “intriguing possibilities,” they lack the infrastructure and global acceptance needed to supplant the dollar as the preeminent global reserve currency. “Advances in payment technologies do not address fundamental issues of what it takes to be a global reserve currency,” Gopinath wrote. “The dollar’s status is bolstered by the institutions, rule of law, and credible investor protection that the U.S. is seen as providing.” So, what will the future be for digital assets in the USA and across the globe? Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, and don’t forget to check out our new website and cryptognt.com This is where you can find all of the latest on blockchain and cryptocurrency. You can find a link to our website in the show notes below. For crypto global news I am Edward, until next time, you take it easy.

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15 Comments

  • Reply Crypto Global News Team January 10, 2020 at 1:32 am

    Do the opinions of the people at the #IMF and other organizations like it affect how you feel about #cryptocurrency?

  • Reply Eloise Doherty January 10, 2020 at 5:03 am

    I dont know if the delisting of XRP means much to them, but we will see if there is a flow on affect….

  • Reply Hillary Koss January 10, 2020 at 5:03 am

    We need more R&D Projects bro! Grow the movement!

  • Reply Ruben Roob January 10, 2020 at 5:04 am

    I wanna buy Cuban cigars with Bitcoin.

  • Reply Reba Ziemann January 10, 2020 at 5:04 am

    Gimme some bitcoin brah.

  • Reply Marlene Randall January 10, 2020 at 5:05 am

    Why do we care what the IMF says?

  • Reply Maurine Boyle January 10, 2020 at 5:05 am

    I wanna give bitcoin to Trump… can I do this?

  • Reply Alivia Von January 10, 2020 at 5:06 am

    Loving Virginia today!! Good for them.

  • Reply Rosie Harvey January 10, 2020 at 5:06 am

    The IMF can lick my sack. Honestly. Bitcoin and the rest of the digital world has NOTHING to do with them!

  • Reply Patsy Turcotte January 10, 2020 at 5:07 am

    I care as much about the lizard people’s opinions at the IMF ect, as I do about basket weaving.

  • Reply Kelly Kelly January 10, 2020 at 5:07 am

    Cool video bro! Best source of crypto news online!

  • Reply Luisa Dicki January 10, 2020 at 5:08 am

    The IMF needs to butt out of these conversations!

  • Reply Elizabeth Spencer January 10, 2020 at 5:08 am

    Blockchain news outlets can be good and bad… have not heard of the one in the segment tho…

  • Reply Eulah Skiles January 10, 2020 at 5:09 am

    I love the Virginia story, but it will not go national anytime soon. Not enough people even know what blockchain is.

  • Reply RageTester retro robotrage pro Robot Rage Rearmed January 10, 2020 at 10:44 am

    3 minute video, 3 ads, wtf?

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