Tag: push

IMF’s CBDC push gets feedback from the crypto community: ‘No one wants this’

coiner

As the International Monetary Fund (IMF) continues its effort to advance the technologies behind central bank digital currencies (CBDCs), some members of the crypto community have reacted strongly against the IMF’s efforts to further the initiative.  In a CBDC policy roundtable on June 19, the IMF’s director of the monetary and capital markets department, Tobias Adrian, presented a new platform concept for cross-border payments. This includes a blueprint for a payment system that uses one ledger to record CBDC transactions. According to Adrian, the “XC platform” will have a single ledger…

Read More

Ordinals Have Proven Demand On Bitcoin, But Fees Will Push Users To Layer 2

coiner

This is an opinion editorial by Steven Hay, a writer, former trader and art dealer. The Ordinals controversy is still simmering and seems set to flare up again soon. Although Ordinals’ block space usage had been trending down since March 23, 2023, the release of notable collections and a burgeoning mania for BRC-20 tokens seems to have reversed that trend. Should competition for block space between Ordinals, BRC-20 tokens and purely monetary transactions remain high, so will fees. And, should fees climb sufficiently high, the ghastly shades of the blocksize…

Read More