Binance CEO believes Central Bank Digital Currencies could ...
Central Banks Dump Gold for the First ... - news.bitcoin.com
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The CEO of Binance misinterpreted on central bank digital ...
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@cz_binance: The first C in CBDC stands for Central. I still think they are a big positive for our industry, pushing education, exposure and adoption. But they will be different from #bitcoin, most likely. https://t.co/PiFLqggzm7
@cz_binance: @agustin_pistone The first iterations of CBDCs are all likely to be fairly restrictive/centralized. But they do get the masses exposed to and comfortable with blockchain technologies. Nothing beats #bitcoin in terms of decentralization.
@cz_binance: When I first learned about #bitcoin 7 years ago, if you told me that central banks will be issuing digital currencies on the blockchain in 7 years, I would stare back doubtfully. And here we are... https://t.co/4Bau21XgCI
@binance: What Is Proof of Work (PoW)? Proof of Work was the original solution to the double-spend problem and has proven to be reliable and secure. #Bitcoin proved that we don’t need centralized entities to prevent the same funds from being spent twice. More ⬇️ https://t.co/2unf5rKtX7
@cz_binance: RT @Vis_in_numeris: Federal Reserve just printed $700B European Central Bank just printed €750B Bank of England just printed £400B Bank of Japan just printed ¥12T People’s Bank of China just printed ¥550B South Korea just printed ₩11.7T This is why Bitcoin was created.
@binance: "Investors have seen central banks worldwide pump large amounts of fiat currency into the global economy, depressing prices. There are only 21 million #bitcoin in existence" https://t.co/uGfjBnF2mV
@cz_binance: RT @APompliano: This week in crypto: 1. @binance launches B2B2C cloud platform 2. Fidelity invests $14M in BC Group 3. Swedish central bank testing e-krona 4. Shopify joins Libra Association 5. @unstoppabledomains launches browser 6. Bitcoin is still not dead :) More building each week!
Central Bank Digital Currencies (CBDCs) are the hottest trend in the global banking sector with multiple projects underway and one CBDC already live in the Bahamas. Talking on this matter, Binance CEO Changpeng Zhao noted that he believes the rise of CBDCs could be a threat to Bitcoin if a more advanced version of it was developed. What is Bitcoin? Bitcoin is a digital form of cash. But unlike the fiat currencies you’re used to, there is no central bank controlling it. Instead, the financial system in Bitcoin is run by thousands of computers distributed around the world. Anyone can participate in the ecosystem by downloading open-source software. A few central banks have started selling tons of gold for the first time since 2010 in order to ease the financial suffering from the Covid-19 pandemic. At $1,875 per ounce, gold prices are down ... 2020-09-25 12:03:53 by Bitcoin central News. Russia’s telecom regulator blacklists Binance website . Authorities in Russia appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced on its Russian Telegram channel that Russian telecom regulator ... Binance CEO and founder, Changpeng Zhao (CZ) is positive that Bitcoin may value at $1million one day in an interview with Altcoin Daily. However, considering that the price prediction came from a quickfire, true, or false segment at the end of the interview, it would be wise to take this valuation with skepticism. The future of central bank digital currencies according to CZ. In the interview CZ also said that there may be more advanced CBDCs in the future, adding: “If there is a government pushing another cryptocurrency that’s even more open, more free, has less restrictions than Bitcoin, and is faster and cheaper to use, then that would threaten ...
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