Blockchance Cyber Parties

9m
cryptodaily

Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

21m
cointelegraph

Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

22m
cryptonewmedia

Behold the Latest Bitcoin Board Game, ‘Hodler of Last Resort’

22m
cryptonewmedia

Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

24m
cryptonewmedia

R3 Taps Software Sales Vet to ‘Evangelize’ Paid Version of Corda

28m
coindesk

Bitcoin Price Stuck in Tight Trading Range, BitMEX Responsible for...

43m
newsbtc

Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above $10,950

1h
zycrypto

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

1h
cointelegraph

Boeing Keeps Dow in Positive Territory as Stock Market Slides

1h
cryptonewmedia

Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

1h
cointelegraph

German Central Bank President Shows Support For Libra, Calls It “Attractive” To Customers

1h
coingape

‘Samsung Coin’ Trademark Filing Unaffiliated With Samsung

1h
cointelegraph

Stock Market Investors Should HODL Because Pros Can’t Beat S&P 500

1h
cryptonewmedia

New No-Fee Visa Card for US Crypto Holders Offers Rebates From Big Brands

1h
dailyhodl

Buying Bitcoin (BTC) at $8,500 is Best, Says Analyst

2h
ethereumworldnews

Nouriel Roubini Accuses Bit MEX of “Systematic Illegality”

2h
livebitcoinnews

BitMEX Being Investigated by CFTC As ‘Dr Doom’ Gets Salty Over Hayes Debate

2h
cryptodaily

Coinbase Quietly Pulls the Plug on Its Cryptocurrency Bundle Product

2h
cryptoglobe

Apple’s Steve Wozniak Launches Blockchain Firm in Malta

2h
cryptonewmedia

Ripple (XRP) Poised For More Gains, Prices Rebound From Q1 Support

2h
cryptonewmedia

Top 5 ‘Dead’ Altcoins: NEM, BCC make the list

2h
cryptoticker

3 Battered Cryptos Are Flashing Bullish Signals

2h
cryptonewmedia

What the CFTC investigating BitMEX could mean for bitcoin and crypto market

2h
cryptoslate

Dr. Doom: Cryptocurrencies Encourage Criminal ‘Fraud and Abuse’

2h
beincrypto


Reserve CEO Predicts Central Banks Will Tokenize, Still Room for…

CEO Nevin Freeman of stablecoin startup Reserve predicts that central banks will tokenize their currency at some point, but stablecoins will likely still have an advantage in offering privacy.

Freeman delivered his remarks at the Consensus 2019 panel “The End of Volatility? Stablecoins on the Rise” on May 15.

During the panel, moderator Joel Telpner, a partner at Sullivan & Worcester LLP, asked the speakers why banks could not simply tokenize their national currency and drive fiat-backed stablecoin services out of business.

Freeman replied that he thinks banks will do this, but will not offer the same privacy of current stablecoin services. He thinks that central banks would want to track transaction history and ownership of the tokenized funds.

However, he argues that wealthy businesses and people will choose a service that offers privacy in their transactions over another that has the only potential upside of being issued by a central bank.

In an interview at the conference with Freeman, a Cointelegraph correspondent asked whether stablecoins such as TrueUSD and Paxos are actually anonymous. Freeman responded that when converting from fiat to crypto and vice versa, your identity is checked and verified. All the transactions in token form, however, are pseudo-anonymous.

Freeman added that Reserve, for its own part, aims to make a “stable bitcoin.” He told a Cointelegraph correspondent:

“We are trying to create stable bitcoin. These other projects that are fiat-backed… they are very useful but they are legitimate trustworthy versions of tether, they are not stable versions of bitcoin. And the critical piece is that they are missing is that if you want to be a stable version of bitcoin is that everyone can see that the thing is just there, in reality, and can not be shut off no matter what anyone thinks of it.”

Pseudo-anonymity is the term used to describe the privacy offered by cryptocurrencies such as bitcoin (BTC), since bitcoin balances and transactions are public, even though there is no public identity associated with the addresses involved.

As previously reported on Cointelegraph, bitcoin developer Pieter Wuille has recently published two proposals for a taproot soft-fork, which aims to provide more privacy for bitcoin users by hiding transaction details via techniques involving the Merkelized Abstract Syntax Tree and the Schnorr signature scheme.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments