Economy Archives | Digital Money Times

Bitcoin Cash Can Scale Exponentially and Support the Global Economy

September 14, 2018 By Mark Lyford Leave a Comment

For well over a year now the Bitcoin Cash (BCH) protocol has shown quite a bit of capability as far as on-chain scaling is concerned. The creator of Bitcoin knew that the technology had to expand in scale quite vastly in order to accept the magnitude of global commerce and businesses on the blockchain. In the early days, Satoshi told people that the technology would follow alongside Moore’s Law with high-performance computing, and the past year has shown the BCH chain can scale to fulfill the needs of the global economy.

Also read: Sales Tax and Bitcoin in the United States Can Be Confusing Read more...

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AMA With Origin Team Reveals Plans for Decentralized Sharing Economy

August 15, 2018 By Mark Lyford Leave a Comment

Matt Liu, Josh Fraser and former PayPal head Yu Pan want to bring the blockchain to the sharing economy. The trio is devising a platform with an emphasis on inclusive, peer-to-peer service hubs designed to decentralize the same consumer cost-friendly business models that have made companies like Airbnb, Uber and Lyft so popular in recent years.

On August 9, 2018, the three hosted an Ask Me Anything (AMA) session on Reddit to discuss the project known as Origin. Read more...

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[promoted] GXChain and the Blockchain Data Economy

August 1, 2018 By Mark Lyford Leave a Comment

Imagine a new digital economy, one that allows everyday people to take full control of their personal data. Complete with a public chain for data transactions and application development, this system would foster a trustworthy, domain-wide data exchange that capitalizes on the torrent of advancements taking place through blockchain technology.

A rapidly growing enterprise known as GXChain is on a steady course toward achieving this milestone. Launched in 2017 and led by a technical team in China, the company has a value proposition that is predicated on the safe, credible, efficient and free exchange of data to maximize its use and value. Read more...

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Spooky Economy

July 14, 2018 By Mark Lyford Leave a Comment

Happy Friday the 13th!!

If you live and work in the United States and didn’t get a raise of 2.9% this year, you’re actually making less than you did last year.

The CPI data released yesterday showed a rather nasty increase bringing the rate of inflation to just under 3%.

Unfortunately for American workers, the average hourly earnings that were published a week ago showed a growth of only 2.7%.

That means that all the increases American’s received in their salaries over the last year have been completely wiped out by inflation.

So, is the US economy really doing great? Read more...

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Swiss Economy Head Wants Switzerland to Become a Crypto and Blockchain Nation

June 25, 2018 By Mark Lyford Leave a Comment

Johann N. Schneider-Ammann, the head of Switzerland’s Department of Economic Affairs, has said that blockchain technology will undoubtedly penetrate the entire economy of Switzerland and make a global impact that is as big as that of the internet.

Ammann noted that Switzerland has already evolved into a leader in blockchain technology and intends to continue supporting the cryptocurrency sector and companies within it. During his speech at the Crypto Valley Conference in Zug, Ammann added that the World Wide Web may have been invented in Geneva, Switzerland, but due to impractical policies and insufficient developments, the majority of internet work was done elsewhere. Read more...

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DEEP AERO: AI-Driven Drone Economy on the Blockchain

May 10, 2018 By Mark Lyford Leave a Comment

You may have seen them, heard about them, read about them, or even played with a toy version. But, the reality is, very soon DRONES will be everywhere!

DEEP AERO’s UTM Autonomous Drone Traffic Management Platform

Until recently, drones have been used largely for military applications. But, with the skyrocketing growth of the world’s population and the rapid urbanization patterns that we are experiencing, where large concentrations of people continue to settle in the popular metropolitan areas across the planet, we are running out of land – fast. Read more...

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PR: TokenGen – The Ultimate Smart Contract Creator for the Token Economy

March 28, 2018 By Mark Lyford Leave a Comment

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

TOKENGEN, the First Component of the Fabric Token Ecosystem, Provides a Simple and Intuitive Web Interface, Allowing Anyone to Create Smart Contracts for the Token Economy Without Any Programming Knowledge Needed.

TokenGen, dubbed the ultimate smart contract generator for the token economy, has been released in live demo mode by the Fabric Token team for users to test – https://fabrictoken.io/tokengen-live-demo/. Read more...

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Promoted: A “Four-Wheel” Economy, Parked Right Up the Block

March 18, 2018 By Mark Lyford Leave a Comment

Like a car accelerating onto a highway on-ramp, the trajectory of blockchain technology continues to move at a rapid pace. Amid talk of crypto price volatility and initial coin offerings, a number of promising distributed applications continue to take shape, disrupting the landscape.

One novel initiative being curated in the nascent blockchain space involves the field of transportation and mobility, where owners of private vehicles can rent them out on a just-in-time basis without logistical concerns about keys or communication with users. Read more...

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‘Central Bank Digital Currencies Could Destabilize the Global Economy’ Says Bank for International Settlements (BIS)

March 14, 2018 By Mark Lyford Leave a Comment

While the central banks of some countries are hoping to be a part of the virtual currency revolution, the Bank for International Settlements (BIS) is concerned about the repercussions of going digital.

A cashless society is definitely the way of the future, a future that some governments and banks are trying to be a part of. Central bank digital currencies (CBDCs) may be an abomination of decentralized cryptocurrencies, but it is happening.

Sweden’s Riksbank is hoping to offer its e-Krona and the Bank of England has a cryptocurrency unit to help it along its virtual currency journey. Read more...

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Swiss Stock Exchange Chairman: E-Franc ‘Would be Good for the Economy’

February 25, 2018 By Mark Lyford Leave a Comment

As various countries around the world consider launching a state-issued cryptocurrency of their own, Switzerland gets on board with the idea — in an effort to maintain its status as the crypto capital of the world.

‘It Would Be Good for the Economy’

According to reports, Swiss stock exchange chairman Romeo Lacher has strongly suggested the country issue a cryptocurrency version of its fiat currency, the Swiss franc, in an effort to boost the local economy and accelerate the disuse of cash. Lacher told the Financial Times: Read more...

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Saifu: Enabling the Transition to a Digital Economy

February 9, 2018 By Mark Lyford Leave a Comment

Getting new users into the digital currency space is one of the biggest problems faced by the community at large today. Most new investors don’t know what they’re getting into, but Saifu is looking to streamline this process.

On-Ramping New Users

Bitcoin and cryptocurrencies are becoming more popular by the day, as is made evident by the increasing number of users across networks and mainstreaming in the form of futures trading and hedge funds. While this is a very good thing for adoption, cryptocurrencies are still in their infancy. Most people don’t know a lot of important information needed to stay safe in this incredibly volatile market. Read more...

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Bitcoin Will Give Japan’s Economy a Substantial Boost

December 31, 2017 By Mark Lyford Leave a Comment

Bitcoin and cryptocurrencies had a year of exceptional growth in 2017. The cryptocurrency market cap managed to surpass the valuation of $ 638 billion and many experts believe that it will further increase.

The Cryptocurrency Job Market

2017 was one of the most exciting and interesting years for the cryptocurrency market. Bitcoin and Ethereum had a spectacular bull run and managed to make huge gains for investors and traders. We also had a huge number of Initial Coin Offerings and a record-breaking amount of funding. ICOs managed to raise over $ 3.7 billion in funding for blockchain and cryptocurrency-related projects. Most of these startups were successfully able to raise their funding goals and are now on a hiring spree. Read more...

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Creating a Decentralized Digital Global Economy – Dai Goes Live

December 23, 2017 By Mark Lyford Leave a Comment

MakerDAO has been working towards creating a cryptocurrency that will support a stable, decentralized digital global economy. The result is Dai, the first fully-decentralized stablecoin on Ethereum.

MakerDAO was formed three years ago with a big vision of creating a stable, decentralized digital global economy. It has worked its way out of the grassroots to finally launch Dai, a promising cryptocurrency that promises stability in currency valuation.

Understanding Dai’s Valuation

Dai is currently worth 1 USD. It is designed to have low volatility against the world’s leading national currencies, such as the Euro and USD. MakerDAO has two mechanisms to ensure that this happens. Read more...

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Are Remote Workers The Answer To Job Creation Struggles?

December 22, 2015 By JP Buntinx Leave a Comment

A lot of countries around the world are still struggling to boost the number of available jobs. If those numbers do not increase, economies can not recover from the 2007 financial crisis, which is not an ideal situation. Unfortunately, there are some factors that hinder the job market growth, such as additional taxation and red tape on jobs.

Also read: Banks Can Be Beneficial To FinTech and Blockchain Startups Read more...

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Creating Financial Resolutions For 2016

December 21, 2015 By JP Buntinx Leave a Comment

The year 2016 is around the corner and a ton of people are preparing their New Year’s resolutions. One of the topics on everybody’s list will be how they can improve their current financial situation and how they will go about doing so. There are a few simple things anyone can do without too much effort although some necessary research will be required.

Also read: The Fate of Bitcoin In Estonia Will Be Decided On January 11th 2016 Read more...

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Blockchain Technology Can Solve the UK Pension Problem

October 15, 2015 By JP Buntinx Leave a Comment

Regardless of how you want to look at things, the financial sector is doing everything in its power to run itself into the ground. In the United Kingdom a new scandal has been revealed, where the largest work pension schemes prevent savers from accessing funds, and cash transfers are delayed by over three months. Something will have to change sooner or later.

Make sure to read: Mad Paws Brings Sharing Economy To Pet-Sitters – Blockchain Technology of Great Value Read more...

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Fintech Companies Leapfrog Banks To Offer Faster Payments

October 13, 2015 By JP Buntinx Leave a Comment

The financial sector as we know it has undergone many changes over this last 12 months. Even though there has been a disturbing lack of innovation from within the sector itself, the accelerated development of new technologies is making up for that. If all things go to plan, technology firms will be able to offer access to the payments system without relying on larger banks.

Make sure to read: NairaEx Aims To Restore Bitcoin’s Prestige in Nigeria Read more...

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Go-Jek and GrabBike Rivalry Heating Up in Jakarta – Bitcoin Integration Key?

October 12, 2015 By JP Buntinx Leave a Comment

The world as we know it is being disrupted on all sides, and various companies are vying to be the top contender for their services. Transportation disruption is nothing new and there are several major companies working towards that end already. But in Asia, different names are appearing on the scene. Go-Jek and GrabTaxi might not be major names in the Western world just yet, but in Indonesia, they are two of the most famous services.

Make sure to read: Bitcoin Boosts Number of Non-Cash Payments In Asia Read more...

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Blockchain Technology To Improve TransferWise’s Disruptive Money Transfer Service?

October 8, 2015 By JP Buntinx Leave a Comment

Traditional financial institutions are slowly starting to realize they have to innovate their business model, or risk becoming obsolete. Sending money around the world at these ridiculous charges, not to mention the amount of time it takes a transfer to complete, is no longer acceptable. TransferWise, a London-based money transfer startup, might be bringing something new to the table.

Make sure to read: Startup Ravelin Wants to Fight Online Fraud – Bitcoin a Viable Alternative for Retailers Read more...

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