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.
King of Babylon Hammurabi codified a series of simple rules and regulations inspired by Samash the Sun god, by adopting previously existing edicts into new socio-economic realities.
These regulations inspired by divinity were etched in stone, and have influenced all modern law to this day.
It happens again in 2020. This is The big event!
Are we prepared to rewrite the laws of our society to better suit our ever-changing socio-economic and political realities? We better be. because I don't think we have a choice.
Bitcoin, Litecoin, Bitcoin Cash and Ethereum showed a bigger reaction in terms of price-performance to regulatory news.
16: Ceases all aggressive, U.S. government military actions worldwide.
17: Establishes peace throughout the world.
Trump office Facts:
Donald Trump is ending endless war
US pulls troops out of Libya amid rise in violence
New in 2020: Will Trump pull the US military out of Iraq and Syria?
Afghan conflict: US and Taliban sign deal to end 18-year war
Trump confirms plans to pull some US troops out of Germany
Peace Treaty on Korean Peninsula
Here is a 3 minute snip from the ~30 minute press conference with PM Abe from Japan.
Go to 1:50 if you want the start of the exact statement: