What’s on the horizon for cryptocurrency and blockchain technologies? It’s a question on a lot of people’s minds, and there’s a potential for more than a good profit margin for financial professionals who come to the right answers: a potential paradigm shift in payments, investing, and the way we use the internet itself could be on the line. For its April talk, the Chicago … [Read more...] about New Horizons in Cryptocurrency
A Focus on the Fed’s Digital Dollar Plans
The Fed’s announcement of a tentative look at the potential benefits of adopting a true digital U.S. dollar continue to have an outsize impact on fintech and the financial industry in general. Despite concerns, such a step would represent a truly seismic shift in the way the world does business, and the steps they take bear a lot of scrutiny in the months and years to … [Read more...] about A Focus on the Fed’s Digital Dollar Plans
Could a Central Bank Digital Currency be in the Cards for the U.S.?
President Biden called last week for an urgent, government-wide focus from the U.S. into the research of a potential Central Bank Digital Currency (CBDC) in an Executive Order. It’s a move that’s been a long time coming—American efforts in the space have lagged far behind some other countries, including China, which has already launched a pilot for its own digital … [Read more...] about Could a Central Bank Digital Currency be in the Cards for the U.S.?
The Future of Digital Assets: Not a Zero-Sum Game
Blockchain technology and digital assets rose to new heights in 2021; with a record $30 billion in investments, interest in this sector of FinTech has never been stronger. But what's happening with all that money? That was the subject of 1871's recent Tech Talk: Digital Assets and Cryptocurrency: A Breakout Year, with experts weighing in on where developments in digital assets … [Read more...] about The Future of Digital Assets: Not a Zero-Sum Game
DAOs: The Next Blockchain Frontier?
Decentralized Autonomous Organizations (DAOs) came back into the news in 2021, generally falling into two categories: blockchain projects generally centered around the issuance of Ethereum-based tokens, and blockchain-powered crowdfunding ventures for investors. To say that DAOs got off to a rocky start would be something of an understatement. The original DAO, formed in … [Read more...] about DAOs: The Next Blockchain Frontier?
Fed Releases Digital Assets Report
The Federal Reserve issued its long-awaited report on the status of its research on whether the U.S. should issue a digital currency. It isn't a story that makes for exciting headlines, but it's all good: The Fed released the report, it's designed to create discussion, and any decision will rest with Congress. American Banker headlined its report, "Fed defers to elected … [Read more...] about Fed Releases Digital Assets Report