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Digital euro, Ensuring privacy citizens and markets demand

The results of the public consultation on the planned “digital euro” were announced by the European Central Bank, which show that citizens and professionals prioritize the secrecy of transactions.

The ECB will take into account the results of the consultation in its decision in mid-2021 on the formal launch of the initiative leading to the new digital currency.

China recently unveiled the digital version of the yuan, and plans to introduce digital currencies are being considered in Sweden and Japan. Unlike cryptocurrencies such as bitcoin, which are not controlled by banks or other central institutions, the digital euro will be issued by the ECB.

The consultation started on 12 October 2020 and ended on 12 January. More than 8,200 comments were submitted, 94% of which came from individuals and the rest from professionals such as banks, payment system providers, merchants and technology companies.

43% of citizens surveyed said that what they want most from the digital euro is privacy, while other key features are security (18%), the ability to pay across the Eurozone (11%), absence of additional costs (9%) and the possibility of using it offline (8%).

“The digital euro can only succeed if it meets the needs of Europeans,” said ECB Executive Board member Fabio Panetta. “We will do our best to ensure that the digital euro meets the expectations of the citizens recorded in the public consultation,” he promised.

Confidentiality is considered the most important feature both by the general public and by professionals, especially traders and other companies. However, both groups support the demand to avoid the use of the digital euro for illegal activities, with less than one in ten citizens responding in favor of complete anonymity.

About a quarter of the reports say that the digital euro should make cross-border payments faster and cheaper, but also be used outside the Eurozone, albeit with restrictions.

More than two in three consultants acknowledge the importance of providing innovative services by financial intermediaries and believe that this should be integrated into existing banking and payment systems.

Πηγή: https://www.in.gr/2021/04/14/b-science/technology/psifiako-eyro-diasfalisi-tou-aporritou-zitoun-polites-kai-agores/?fbclid=IwAR2WsNAigLNi1x7YlhAc399ZOu5RtPKAGJn48Vm1G-hwSqr0GYxKL0agIlg

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Bitcoin, Blockchain, Events, Multimedia

14/05/2021

Cryptocurrencies also invade sports – What is happening in Greece

Millions of dollars in US dollars in Bitcoin for NBA and NFL, sponsorships in major European football leagues, FIFA-UEFA plans and the παράδειγμα Greek example of the Ionian Hellenic Coin basketball team

Cryptocurrencies are gaining ground in the “industry” of sports. This happens in various ways and Greece is no exception to this trend.

Why may the football and basketball clubs of the country not have dared e.g. to make – or even offer – salary payments to players and their coaches with Bitcoin, such as the Sacramento Kings in the NBA, but for a few months now there is a Basket League OEM with a main sponsor company that manages Greek cryptocurrency and its logo appears both in the official name of its team and in the jersey advertisement.

He is the historian Ionian of Nicaea, who for a few decades promoted the great Panagiotis Giannakis. Or, to be precise, the Ionian Hellenic Coin.

The short story of the case: The HNC is a digital currency, an alternative to the euro and an analogue of Bitcoin. In Ionikos, the position of the network of diagnostic centers Affidea next to the name of the association was taken last August by Hellenic Coin, which was founded in 2015 and created the first -according to the company executives- Greek cryptocurrency with open source technology (blockchain).

Its CEO is Vangelis Tsapas, a stockbroker with activities in shipping as well. A ν basketball man, who led the “miracle” at the Keratsini Lighthouse and led him a little older than the local championships, to the A1 and the cup final, now boss in Ionikos.

In the sponsorship collaborations of this kind, the club of Nice is a pioneer in Greece due to the professional status of its owner. Abroad, things have clearly gone further and point to an “invasion” of cryptocurrencies into the wider “sports industry”.

Especially when, apart from football and basketball, similar cases arise in other areas, e.g. Formula 1 and other motor sports events, football up to… billiards.

Examples abound, mainly in America and Europe. Although many people remain skeptical of digital currencies, companies in the industry do everything to “build” a good image for him through the strengthening of their presence on the planet…

Salaries of millions and… hot dogs in Bitcoin

In the US, top “Mecca of Basketball” brands are already putting the payments of their highest paid superstars in Bitcoin on the… table, while, in another extremely popular and lucrative team sport, in the National Football League, Russell Okung has acted as “First lesson” not hesitating to convert part of the hefty salary of $ 13 million a year into the widespread digital currency, obviously seeing it as an investment…

In the N.B.A. The Sacramento Kings, who (simply) offered the option of paying their salary in Bitcoin to basketball players and coaches, are considered one of the most “friendly” teams to blockchain technology.

In previous years, since 2014, the “kings” had started working with BitPlay on similar rewards programs to their fans and sell on their stadium using cryptocurrency from tickets to hot dogs.

The first major sponsorship of the industry in the NBA, however, came in September 2018 from Antpool and its parent company Bitmain, which are active in the production of cryptocurrency mining equipment to the famous Houston Rockets, as part of a wider investment of 500 million. $ Of the company in Texas.

Recently, a “team” of billionaire owners (or supporters) of NBA teams such as the Nets, Mavericks, Wizards, Celtics, Kings and Jazz set up an advisory committee to integrate and use blockchain and crypto solutions in the professional basketball market.

In the same vein, the international football federations FIFA and UEFA have begun to “experiment” with ticket sales (when, well, the problem with the coronavirus is overcome and the stands for the fans are opened) through cryptocurrencies.

In fact, they believe that the process will be transparent and secure and, at the same time, will help to identify ticket smugglers more easily and to combat “black market” phenomena…

Sponsorship – surprise, the transfer “pilot” and… acquisition

In Europe, the “fashion” wants top league teams to close one after another sponsorships from cryptocurrency companies or to accept payments with them.

In recent days, Southampton “shook the waters” in the most expensive football league in the world, the British Premier League (with annual turnovers over 5 billion euros before the coronavirus).

The “Saints” extended for 3 years their agreement with the betting Sportsbet.io, of the Coingaming Group, for their central sponsorship (Main Club Partner) with an annual price of 7.5 million pounds and with a proposed term (option, essentially …) The possibility of paying the extra performance bonus in Bitcoin at the end of each racing season, e.g. Εκα 1 million if they secure their place in the Champions League.

Sportsbet.io is a sponsor of two other football clubs, also English Arsenal, Watford and Brazilian Flamengo, at a time when the British media call the Coingaming Group Blockchain Leader and obviously similar opportunities will be given by it to other sponsors.

The foreign press also comments that the sponsorship allows the club to take advantage of the opportunity given by the rapidly growing cryptocurrency for significant future financial benefits, if its leaders trust it…

If Southampton is a candidate to become the first team in the world to be paid in Bitcoin, a quarter ago – in January 2021 – the first transfer in cryptocurrencies took place.

It was that of the 37-year-old former Real Madrid striker, David Baral in Spain from a 3rd division team, DUX Internacional de Madrid, with the main sponsor being Criptan, a company that trades with Bitcoins, and now time will tell if the transaction will act as a “pilot” for similar developments in bigger clubs…

The Italian Rimini, Category C, was the first group to receive a percentage (25%) on its share capital, which was acquired with cryptocurrency by the blockchain company Quantocoin.

Barcelona “ala Sacramento Kings”?

Barcelona is exploring the possibility of introducing payments to its players with cryptocurrency in the standards of Σα basketball Sacramento Kings and not by chance.

The “beast” of the Spanish La Liga collaborates with the Maltese blockchain company Chiliz and made a kind of its own cryptocurrency, the FC Barcelona Fan Token (BAR), giving their holders the right to participate in competitions, polls, etc.

Chiliz also collaborates with Atletico Madrid, Paris Saint-Germain, Juventus, Galatasaray. In Germany, Dortmund is considering the introduction of a cryptocurrency, more for the international expansion of its fan base through an electronic application, although as a form of payment it may be employed later…

In the UK Newcastle is partnering with the blockchain project StormGain, an encrypted trading platform, and in Portugal Benfica has announced that it accepts Bitcoin (BTC), Ethereum (ETH) and UTRUST token (UTK) trading payments.

Beitar Jerusalem (Coin Market Cap), Wolves (Coin Deal), Tottenham, Crystal Palace, Leicester, etc. belong to the group of groups of different countries that have sponsorships or collaborations from the cryptocurrency sector; with eToro and many more.

Source: https://www.newmoney.gr/roh/palmos-oikonomias/business-stories/ta-kriptonomismata-isvalloun-ke-ston-athlitismo-ti-simveni-stin-ellada/?fbclid=IwAR2hC9MW8ssfXOhtuReu70UCCbEE4aXoQ0NsA1SNm6h9_MOghi292p_LHw4

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Altcoins, Bitcoin, Multimedia

12/05/2021

China declares war on the dollar

The central bank is already piloting the digital yuan, which is available in cyberspace, in mobile applications, as well as plastic cards. The goal is to expand its use throughout the economy.

Cryptocurrencies, with Bitcoin first and foremost, do not just represent a relatively new method of “gambling” in the markets. With their entry into the real economy, especially after Tesla’s decision to allow payment for its vehicle sales to be made in Bitcoin and the many branded and global companies that are expected to follow, they also acquire exchange value.

Thus, they now move to another track and threaten to upset and change for good the monetary balances, which have been based for decades on the omnipotence of the dollar. That is why the first ones who rush to take advantage of the new trend in an organized and central way are – who else? – the Chinese, taking advantage of existing experience and know-how and developing them to their advantage.

“A thousand years ago, when money was synonymous with coins, China invented banknotes. “Today, the Chinese government is designing currencies digitally, redesigning money in a way that could shake a pillar of American power,” the Wall Street Journal wrote in an extremely interesting report.

“Green” domination

It is recalled that according to the data of the Bank for International Settlements (BIS), the dollar is currently the currency used in 88% of all international transactions, compared to only 4% for the Chinese yuan.

The newspaper also seeks to explain the cut. This is because while many may think that “virtual money is already here, as credit cards and payment applications eliminate the need for banknotes or coins. But these are just ways to make money online. “China is turning legal tender into computer code.”

“If we want to defend our monetary sovereignty and the existing legal status, we have to plan for the future,” the China central bank’s project manager told the newspaper, which will obviously have powerful tools to control new digital currency so that it is not subject to παρόμοιες turmoil similar to that of Bitcoin nor is it an easy target for speculators.

At the same time, of course, it will control even more suffocatingly its owners – their transactions, their consumer habits, their very desire.

Starbucks, McDonald’s and. Party subscriptions

For now, however, the digital yuan is being tested. It is available in cyberspace, mobile phones or plastic cards for the lesser initiated, and is displayed on a screen in the form of… Mao Zedong. In fact, it does not even require an internet connection to spend.

Evidence shows that 100,000 Chinese have already downloaded the app on their mobile phones, and can make limited transactions at various stores – including Starbucks and McDonald’s branches in China. The KK also enables its members to arrange their monthly subscriptions in this way.

Will this process lead to the gradual digitization of China’s entire monetary system, as some have already argued? It is unknown at this time what he will do after leaving the post.

What is certain, however, is that Xi Jinping wants to associate his name with a major breakthrough at this level. A cut that may prove decisive for China’s position in the international arena.

What will Washington do?

But what is the reaction of the US and the competent authorities to the developments and plans of Beijing? For now, information coming from Finance Minister Janet Glenn and Central Bank Governor Jerome Powell shows no concern or rush to plan for the digital dollar.

Others, however, take a different view – such as former IMF executive and current Atlantic Council member John Lipsky: “Anything that threatens the dollar is a matter of national security. “And that threatens the dollar in the long run.”

Are you saying the new monetary war is digital?

Source: https://www.in.gr/2021/04/07/economy/diethnis-oikonomia/polemo-sto-dolario-kiryssei-kina-oplo-psifiako-nomisma-ti-morfi-tou-mao/?fbclid=IwAR1AQvuxMQBgPyCpJFQGIPb0NKmEACtZmBlagDecHakpcRkiE1yJEPRxQoI

They should not ignore cryptocurrencies FED and Treasury

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Bitcoin, Multimedia

10/05/2021

They should not ignore cryptocurrencies FED and Treasury

Kevin McCarthy, the leader of the Republican minority in the US House of Representatives, has alluded to the policies of the head of the US Federal Reserve (Fed) and the US Treasury Department, regarding their handling of the issues of secrecy and stating that they may need to re-evaluate their positions.
Speaking on CNBC’s Squawk Box, host Joe Kernen asked the Republican if either Treasury Secretary Janet Yellen or Fed Chairman Jerome Powell fully understood “digital currencies or Bitcoin.”

Regarding Bitcoin (BTC), McCarthy claimed that both officials “tried to ignore it”, urging those in government to see the possibilities of encryption.

They should not ignore Bitcoin

“Bitcoin shows the future,” McCarthy said. “They should not ignore it. Not only should they learn more about it, but the market will continue to grow.”
He also stressed that the rulers should understand its importance for the future as other countries, such as China, are already moving in this direction. Finance Minister Janet Yellen in January referred to the cryptocurrencies as “worrying” to the United States and said the government should consider ways to “limit” their use as part of its anti-money laundering efforts. Jerome Powell, who has served as Fed chairman for three years, appeared to be defending Yellen’s position on cryptocurrencies last month, saying Bitcoin was “backed by nothing” and too volatile to be useful as a fixed value. .

Source: https://www.bankingnews.gr/kriptonomismata/articles/556277/mccarthy-ipa-den-tha-prepei-agnooyn-ta-kryptonomismata-fed-kai-amerikaniko-ypourgeio-oikonomikon?fbclid=IwAR0qgOzAtxlDD53UBLY3FfWLitEtAFwLtjSyiE3IgwQtVBwc7r0FFBDVJkQ

Walmart is considering investing $ 1 billion in the bitcoin market

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Bitcoin, Multimedia

07/05/2021

Walmart is considering investing $ 1 billion in the bitcoin market

There has been a lot of gossip in recent days in the US about Walmart’s $ 1 billion investment in the cryptocurrency market, especially Bitcoin.
And although no official announcement has been made yet, it seems that this issue is under consideration.

Landmark potential investment by Walmart

In that case, if Walmart enters this market, as whispered, the impact will be huge.
Inevitably, the price of Bitcoin per currency will skyrocket.
It is noted that Walmart is a retail company that addresses the broad social strata.
In this sense, its possible investment in cryptocurrencies will “open” the cryptocurrency market to a large extent.
In this regard, it is worth noting that Walmart has stores in 24 countries, while at the same time it employs 2.2 million people.

Source: https://www.bankingnews.gr/kriptonomismata/articles/556004/i-walmart-eksetazei-tin-ependysi-1-disek-dol-stin-agora-tou-bitcoin?fbclid=IwAR0cx5pDBjZDR8oc5GSZUeOJkXaPBGLZCdSOeCJApp0SSFBW7-0whheF4bE

Any government attempt to ban Bitcoin is foolish and ineffective

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Bitcoin, Multimedia

05/05/2021

Any government attempt to ban Bitcoin is foolish and ineffective

Any government attempt to ban Bitcoin would be “foolish,” said Hester Peirce (also known as “Crypto Mom”), a digital currency-friendly commissioner at the US Securities and Exchange Commission (SEC), during a conference via video conference.

“I think we got to that point very early on, because to do that, you have to shut down the internet,” Peirce said.
“I do not see how anyone could ban Bitcoin.
He could definitely make the effort.
It would be very difficult to stop people from trading with Bitcoin.
So I think it would be foolish for a government to do that.
Not only that, but the government will immediately eliminate the $ 2 trillion net worth – the cryptocurrency market cap – a fact that would have far-reaching implications, given that much of that wealth is now backed by debt, and such The government’s move will immediately destabilize this important market. “

Answer to Dalio

Peirce’s statement could be seen as a response to the apathy given by Bridgewater fund’s Ray Dalio, who said there was a good chance governments around the world would ban Bitcoin and other cryptocurrencies.
“Each country maintains its monopoly on controlling supply and demand.
“They do not want to run or compete for other money, because things can get out of hand,” he said.
However, according to Peirce, the main issue for regulators – at least with regard to cryptocurrencies – is to find an approach to regulations that would be both productive and restrictive,
“We have seen other countries take a more productive approach and with the new president, who has a deep knowledge of these markets, we could build a satisfactory regulatory framework,” Peirce added.

Source: https://www.bankingnews.gr/kriptonomismata/articles/555854/peirce-sec-anoiti-kai-atelesfori-opoiadipote-kyvernitiki-prospatheia-apagorefsis-tou-bitcoin?fbclid=IwAR3I9gkUuScvTjMT4yubFoKHrVNHrwb5sLl9r69F6lGV8nhop7axHMGGlg0

Southampton, the first club in the world ...... that will receive a sponsorship in Bitcoin ...

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Bitcoin, Events

26/04/2021

Southampton, the first club in the world that will receive a sponsorship in Bitcoin

Southampton, according to the English newspaper “The Telegraph”, will become the first club in the world to be paid in Bitcoin cryptocurrency by its … main sponsor, Sportsbet.io of Coingaming Group.

Celebrating the three-year renewal of their partnership with Sportsbet.io, as the most important in the history of the club, the “saints” announced that the agreement “includes the option of paying some bonuses in Bitcoin at the end of each season, which guarantees the club the opportunity to take advantage of the new currency “.

“Sportsbet.io has built a successful business, making sense in the market, but in a responsible way, and their approach to working with them was no different,” said Southampton Business Director David Thomas.

“In a short time, they have proven to be innovative and extremely supportive of the club, our fans and the community at large, and we welcomed the opportunity to develop and promote responsible gaming messages together. Therefore, they have become valuable partners and we look forward to starting the next chapter together. “
concluded.

The company is also a sponsor of Watford and Flamengo …

Source: https://www.nonews-news.com/2021/04/blog-post_7380.html?m=1&fbclid=IwAR0fZFXSpsYNccTh11qe5El7KVQYLucx7k6IWebk8DEabucAPZI8RVVB6x0

It exceeded 2 trillion. the market value of cryptocurrencies

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Altcoins, Bitcoin, Τεχνική Ανάλυση

21/04/2021

It exceeded 2 trillion. the market value of cryptocurrencies

The total capitalization for bitcoin amounted to 1.1 trillion. while the value of Ether exceeded $ 2,000.

The landmark of 2 trillion. The cryptocurrency market crashed, according to data from CoinGecko and Blockfolio, thanks to the recent rally in prices, according to data cited in a Reuters article on Monday, April 5, 2021.
The value of the cryptocurrency market reached 2.02 trillion. dollars, with the bitcoin equivalent jumping to $ 1.1 trillion.
The most famous cryptocurrency strengthened today by 1.4% to $ 59,025.

Over Google

At the beginning of February, the value of the cryptocurrency market had for the first time exceeded the corresponding value of Alphabet, Google’s parent group, climbing to 1.413 trillion. dollars.
On Friday, April 2, 2021, the second largest cryptocurrency, Ether, overcame the $ 2,000 psychological barrier for the first time.
Since the beginning of the year, Ether has increased by about 170%.

Source: https://www.bankingnews.gr/index.php?id=554894&fbclid=IwAR3AWVnnz3Wl19sYknSWgH5Wlf81h-QWVOcPrlD7hWODCCRYBjmgzPoh3-8#.YGtUjPrQAEw.twitter

Blockchain In Healthcare and Fintech: Will There Be an Impact?

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Bitcoin, Blockchain

07/04/2021

Blockchain In Healthcare and Fintech: Will There Be an Impact?

Today the financial sector and the healthcare sector are trying to develop and grow at a rapid pace.

In the process of growth, they are hampering the security of the system also. Blockchain technology application in Healthcare and financial institutions will help you develop your work process.

Blockchain Technology is impacting both the healthcare industry and the world’s Financial technologies to a great extent. It will help you to develop your work process in a better manner.

Impact of Blockchain Technology on Healthcare & Fintech

Blockchain Technology has impacted healthcare & Fintech massively. The details regarding this matter will be apparent to you when you will go through it.

Impact of Blockchain Technology on Healthcare

There have been several positive impacts of Blockchain Technology on the Healthcare industry.

1. Integrity in Medical Records

Blockchain Technology helps you to maintain the proper integrity of all your medical records correctly. All the medical records that are stored in Blockchain Technology cannot be altered easily. Keeping the medical records’ proper integrity is a challenging task from the point of view of both medical and legal terms.

2. Single Patient Identification is Possible

In the healthcare industry, the duplication of health records occurs frequently. Blockchain Technology will help you to avoid that situation in the best possible manner. Data manipulation is impossible in Blockchain Technology. Once data is entered in the Blockchain Technology, it cannot be altered quickly.

3. Budget Friendly

The dependence on the third party is less in Blockchain Technology’s application to maintain the data. It is the most cost-effective solution. Itt removes the burden for maintaining the mediators and the Third parties in the system. Blockchain technology is a budget-friendly solution for maintaining health records properly.

4. 24/7 Monitoring of Databases

Blockchain Technology will enable the healthcare industry to maintain the data record of every patient. It will update the doctors regarding blood pressure, sugar levels, diabetes, and lots more. It will help the doctors save the patients’ lives by updating them about their current health condition.

Impact of The Blockchain Technology in Fintech

Blockchain Technology impacts the Fintech industry massively. It will help you to develop the technology in the best possible manner.

1.Ensures Authenticity & Scarcity

Blockchain Technology helps you maintain data integrity and provides you with the right solution for single shared transaction history. You can keep track of every transaction in a detailed manner. It ensures the chances of asset provenance.

2. Streamline the Processes

The overall operational efficiency gets increased due to the application of Blockchain technology. Real-time settlements of the auditing, reporting, and processing time can be reduced. Potential delays and errors can be reduced due to the application of Blockchain Technology.

3. Provides Economic Benefits

Automated technology enables more operational costs and reduces the chances of infrastructure costs to a great extent. The operating cost and the transaction cost can be reduced to a great time. It enables the financial sectors to earn the maximum revenue by minimizing their expenses.

4. Market Reactivity

Blockchain Technology will enable any organization’s financial system to understand its current market condition in the best possible manner. It will help the banking system to take corrective measures at the right point in time.

Blockchain Technology is revolutionizing both healthcare and fintech organizations to a great extent. It has a varied positive impact on them.

Conclusion

Hence, from the discussion above, it is clear how Blockchain Technology impacts healthcare and Fintech to a great extent. Today most organizations are dependent on Blockchain technology to develop their system in the best possible manner. You cannot get the right update of your system unless you apply better technology.

Blockchain Technology will enable you to upgrade the system to maintain the proper integrity of the data. The Healthcare sector and Financial sector now require an updated technology like Blockchain Technology to keep the data intact.

Source: https://www.onrec.com/news/news-archive/blockchain-in-healthcare-and-fintech-will-there-be-an-impact

In 2 years with 1 bitcoin you will buy Bugatti

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Bitcoin, Multimedia

05/04/2021

In 2 years with 1 bitcoin you will buy Bugatti

Kraken CEO Jesse Powell made a terrific prediction for the course of bitcoin for this year, but also that it may reach 2023.

If one could magically go back in time to 2010, then the best way to invest one’s money would be to buy bitcoins …

Then you see, it had not reached the levels that this particular cryptocurrency is today and few predicted the course it would take in the coming years.

A course that after the fall of the previous week and the rise that followed, finds it these days again close to 60,000 dollars.

What can come in the coming months and years, no one can predict with certainty. Especially with the conditions that prevail around us, with the coronavirus pandemic.

The opinion of the expert

But if we had to choose someone, then surely the CEO of Kraken would be among our first choices. For those who do not know, this is a kind of exchange, in which one can turn his cryptocurrencies into cash.

So Jesse Powell spoke to Bloomberg about the course of bitcoins and what it can achieve …

“I think it will never stop, but it is difficult to speak in numbers because we measure it in dollars,” he said, proposing that the measurement be made with luxury cars.

“For a cryptocurrency community, with such assets it is easier to measure the value of bitcoin, because with the dollar, no one knows where it will be. Time can be 10 times the dollars out there, so it is difficult to measure in this way the value of bitcoin “, he added.

In this way, he estimated that with a bitcoin at the end of the year one will be able to buy a Lamborghini, while by the end of 2023 a Bugatti. At the end of last year, 2020, according to Bloomberg, what one could buy was a Honda Civic.

The rising rally

We remind you that the CEO of Tesla, Elon Musk announced a few days ago that one can now buy a vehicle of his company with cryptocurrency, while it is worth noting that the scenario that both Visa and PayPal will give a choice for bitcoins and cryptocurrencies.

Source: https://www.gazzetta.gr/plus/texnologia/article/1579365/apithani-provlepsi-toy-ceo-tis-kraken-se-2-hronia-me-1-bitcoin-tha-agorazeis-bugatti-pics?fbclid=IwAR32X9yRqGuujtbRd9iLuEAqGCmWrEPbIyndluIBwyYSDP2MVxM9WaTFghk

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