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Denis Beau, First Deputy Governor of the Bank of France, addressed the “What Ambitions For Europe” Stablecoin Conference. Paris Europlace and ConsenSys organized the event this January. Mr. Beau talked about the good and the bad. He outlined three tasks for regulatory authorities working on stablecoin adoption policies.
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Transactions on the Bitcoin network are processed by so-called miners — mostly companies operating vast arrays of computers. As competition increased, many smaller participants became unprofitable and dropped out, while the larger operations have entered into various partnership agreements. As a result, five mining entities — all of them based in China — control 49.9% of all computing power on the network, the highest concentration of mining power ever, a new analysis from TokenAnalyst found.
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Japan’s Line social network, the largest in the country, has announced the launch of its digital currency ‘Link’ in the Japanese market from April. The token has previously been available in all countries except Japan and the US.
Kiffmeister’s Fintech Daily Digest 02/01/2020
