(Bloomberg Opinion) — With mainstream investment products increasingly finding a second home on the blockchain, itâs a good time to ask what role central banks would play if everything they have learned while policing double-entry bookkeeping over the last 350 years becomes irrelevant. The techno-anarchist vision behind cryptocurrencies like Bitcoin was to free the financial wellbeing of individuals from the clutches of large…
Bitwiseâs most recent survey found 22% of advisors said they were allocating to crypto, up from 11% a year earlier. Across the world of wealth management, crypto is starting to become a bigger part of the conversation, even if it isnât widely adopted amid concerns about transparency, volatility, and valuation methods. In some ways, itâs…
Ah, the sweet irony of great expectations. A digital currency born out of rebellionâcreated by an anonymous entity right after the 2008 financial crisis that America gifted the worldâis now being paraded around by the very institutions it was designed to overthrow. Bitcoin was meant to challenge financial systems under sovereign control. By offering an…
If any other owner of a cryptocurrency platform had announced a national reserve of cryptocurrencies, howls of protest over conflict of interest would have rent the air. When President Donald Trump declared that the US would create a Bitcoin reserve and a separate crypto stockpile, his fan base took it as a move to fulfil…
Called âVishvasyaâ, or âtrustâ in Sanskrit, the framework seeks to establish what the Centre called âtrust and transparency” in public records and databases. A note by the ministry of electronics and information technology (Meity) on the Framework said that the Centreâs blockchain will use three data centres across India to store data, and offer companies…
Cryptocurrency exchange WazirX has announced that it will allow INR balance withdrawals from its platform starting August 26. However, as per an official announcement on August 23, customers will only be able to access 66 percent of their funds. As part of this update, WazirX is also reducing INR withdrawal fees by 60 percent, lowering…
The blockchain will initially include documents like building permission certificates, work orders, and colony development permissions. Airchains claims it has developed zero-knowledge proofs and fully homomorphic encryption (FHE) technologies, which will safely store the data and allow it to be transparently accessed, while securing and protecting it from fraud. Fully Homomorphic Encryption (FHE) is a…
These assets, which include uncollected shares, dividends, mutual funds, and more, pose a substantial burden that is made worse by problems like insufficient knowledge, out-of-date information, and ineffective administrative procedures. Notwithstanding these obstacles, nascent technologies such as blockchain and artificial intelligence (AI) have prospects for expediting the detection and retrieval of these misplaced assets. This…
