Federal Reserve Bank Of St. Louis Sees Cryptocurrencies As Important As Asset Class And Bitcoin As Gold
In a paper entitled "A Short Introduction To The World Of Cryptocurrencies" published by The Federal Reserve Bank of St. Louis, Blockchain and Cryptocurrencies got an overall favorable assessment for the future.
The paper, which was written by Alexander Berentsen and Fabian Schär, talks about Bitcoin mining mechanisms, the hashing mathematics and the process of transaction consensus, recommending the usefulness of the digital currency as an asset in the future.
It also predicted the areas where Blockchain will have the most applications, citing "Colored Coins" which is a type of meta-transaction linked to Bitcoin transaction, smart contracts and data integrity.
In January last year, the Federal Reserve also showed the possibility of them using blockchain for potential easier global financial transactions but no specific details provided yet.
A New Bitcoin Mining Facility In The U.S. Is Considered Among The largest Data Centers In North America
A local company in Virginia Beach, Virginia has dump $65 million into a giant facility for Bitcoin mining.
The facility is nearly completed and is poised to be one of the biggest hubs for data centers in North America.
Here's a Youtube video about the data center:
Courtesy of
The Virginian-Pilot
Headlines for the world of Cryptocurrencies - January 18, 2018Some South Korean Government Official Are Under Investigation After Being Caught Insider Trading / South Korean Fair Trade Commission Chairman Kim Sang-Jo, "The Government Has No Proper Authority to Shut down Cryptocurrency Exchanges" |
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Headlines for the world of Cryptocurrencies - January 17, 2018The National Petition Against South Korean Government Cryptocurrency Regulation Has Reached Over 215k Signatures / Bitmain Considering Another Bitcoin Mining Expansion In Canada |
Headlines for the world of Cryptocurrencies - January 16, 2018South Korean Government Confirms No Trading Ban In The Near Future / South Korean Banks Reversed Decision To Stop Servicing Cryptocurrency Investors |
