Federal Reserve Endorses Ethereum-Backed Alternative To Libor
Gesara.news » News » Federal Reserve Endorses Ethereum-Backed Alternative To LiborNews Date: June 14, 2020
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate called AMERIBOR could serve as a potential replacement to LIBOR.
Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). USD Coin is on the Ethereum blockchain. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.
A district court in China has reportedly ruled that Ethereum's cryptocurrency is legal property with economic value.
While cryptocurrency is not legal tender in China, people can hold and transfer them like property.
Ghana's government is working on a new policy regime where gold will be used to buy oil products rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday.
Angela Merkel stepped down and a messy race to succeed the chancellor after the upcoming election this September.
Dutch government resigns over child benefits scandal.
Estonia prime minister Juri Ratas resigns, Kaja Kallas asked to form the government.
Italy government in crisis as Renzi ministers resign.
Kuwait cabinet members resign amid a dispute with Parliament.
Updates soon. Stay Tuned.
Gold = Nesara & Gesara
Silver = Light
Purple = Equality of color, race, gender.
Christopher Krebs director of CISA - Cybersecurity and Infrastructure in DHS - U.S. Department of Homeland Security. He refuted his claims that the election was rigged;
Jay Clayton Chairman of SEC - U.S. Securities and Exchange Commission. He was occasionally criticized as being too soft on Wall Street;
Mark Esper Secretary of Defense was terminated by President Trump;
Richard Pilger Director of U.S. Department of Justice...
An administration official said the directors of the FBI and the CIA could be next.
Trump proposes eliminating payroll tax through the end of the year.
Remember NESARA Section 2. Abolishes the income tax.