Central Banks and Cryptocurrency

A cryptocurrency for each Central Bank?

Central bank digital currencies: basic principles and essential features

Controlling risks to monetary and financial stability

World Bank, G20, IMF: Rules for digital currencies, CBDC and stable coins
World Bank, G20, IMF: Rules for digital currencies, CBDC and stable coins

According to a report called “Regulation, Supervision and Monitoring of the Global Stablecoin Agreements” which was published on October 13th, 2020; international financial authorities including the International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS) and the Group of Twenty (G20) are working together to establish formal standards for the regulation and issuance of sovereign digital currencies (CBDCs).

Central Banks and Cryptocurrency

Since their appearance in 2008, several new digital currencies have emerged and have even become a threat to the current traditional banking system that operates under the jurisdiction and the control of a country’s regulatory authority.

Cryptocurrencies such as Bitcoin and Ether have an increase in popularity because of the decentralization they bring as opposed to the more traditional currencies that are regulated. …


Understanding the Lightning Network

Is it possible to steal Bitcoins on Lightning Network?

Increasingly vulnerable?

Lightning network: Vulnerability, LND version 0.10 affected, upgrade to 0.11.0
Lightning network: Vulnerability, LND version 0.10 affected, upgrade to 0.11.0

Engineer Conner Fromknecht, head of cryptographic engineering at Lightning Labs. Fromknecht declared on October 9, 2020 that he has found a vulnerability affecting LND 0.10 and earlier versions of the Lightning Network.

Understanding the Lightning Network

The lightning network is a technological solution designed to solve the problem of transaction speed on the Bitcoin Blockchain.

Bitcoin was first released in 2008 but due to its construction, the Bitcoin network suffers from slow transaction speeds and high transaction costs. …


John McAfee: Déjà vu?

50 dollars in Bitcoin for the 535 members of Congress

Political Action Committee (PAC): $50 in Bitcoin for members of Congress
Political Action Committee (PAC): $50 in Bitcoin for members of Congress

Announced on Monday 05th October, the ‘Crypto for Congress’ initiative is supported by members of the Congressional Blockchain Caucus, including pro-crypto representatives Darren Soto and Tom Emmer, and was launched in the hopes of raising awareness and contributing to the campaign to help educate the public about cryptocurrency. The 535 members of the U.S. Congress will receive $50 in Bitcoin.

John McAfee: Déjà vu?

On Saturday, January 04, 2020, John McAfee unveiled that he plans to give a token to the 535 members of the U.S. Congress. His plan was to give a token to the 535 members of the U.S. Congress in order to sell them on the open market. McAfee had planned to launch a decentralized exchange called McAfee DEX that would run on the Ethereum blockchain; the exchange would have no restrictions and McAfee DEX’s ‘no restrictions’ point was that it would even provide members of the U.S. …

About

Magna Numeris

Magna Numeris is a startup developing solutions for cryptocurrency users, pushing the boundaries of conventional platforms to help grow the peer-to-peer economy

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store