Companies

A bureaucrat at the International Monetary Fund (IMF), an organization working to strengthen worldwide financial cooperation, proposed a way for the central bank (CB) and private companies to jointly operate the CBDC.

In a call with investors on May 27, Goldman Sachs, the New York-based multinational investment bank and financial services company maligned Bitcoin and cryptocurrencies, saying they are “not assets.” This statement attracted negative reactions from the crypto community.

The COVID-19 global pandemic has forced teams to work from home regardless of what their roles are, while some companies simply suspended operations. The crypto industry, already popular for remote working, is embracing it, but what lies ahead of us should the pandemic come to an end?

JCB, a global credit card network company in Japan, announced on May 15 that it is building a blockchain-based transaction system in cooperation with a Japanese venture capital and blockchain startup.

Members of the Proof of Stake Alliance (POSA) have approached the US Securities and Exchange Commission (SEC) to improve existing regulations within the blockchain and cryptocurrency industry.

The market for identity authentication management using blockchain and distributed ledger technology (DLT) is likely to grow to around $11.46 bln by the year 2026 – just six years from today.

As the world shifts from one generation of technology to another, the applicability of blockchain technology only becomes more clearly revealed. The recent advent of 5G technology shows a perfect match with blockchain.

The US is known for its controversial attitude to blockchain and cryptocurrency. Despite speculations about their government exploring the possibility of launching a digital dollar, the country's financial regulators such as the SEC demonstrate hostility against companies working in the sector.

Iran, a country badly hit by US economic sanctions, now looks to crypto and blockchain technology investments as an alternative. Namely, it creates really favourable conditions to boost its cryptocurrency mining industry and attract companies from all over the world.