Federal Reserve is to issue digital money

Fed officials voiced their opinions about cryptocurrency and stable money
30 November 2017   805

It was reported during a conference on November 29 that the Federal Reserve is planning to issue its own cryptocurrency. The president and CEO of the New York branch of the organization William Dudley declared that the Fed was excited of digital currency and tried to examine it. He also added that despite apparent interest to this social and economic phenomenon it was too early to say about introducing such ideas.

Dudley admitted that he understood the fact of immaturity of the plan and voiced concerns for safety of digital currency. Digital currency is, in his view, more risky than stable money.

But other officials are not so certain that idea of issuing of Fed’s own cryptocurrency can spring to life. As Patrick Harker, the President of Fed’s Philadelphia branch, said, using both digital and stable money is only matter of trust. He declared that the world used paper money because of belief that the government supports it.

Bitfury to Unveil BTC's Lightning Network Tools

An open-sourced LN wallet, software and hardware payment acceptance solutions, etc
23 January 2019   96

Bitfury Group presented a number of tools designed to foster the development of the Lightning Network (LN), CoinDesk reports.

Among them: an open-sourced LN wallet, software and hardware payment acceptance solutions for merchants and payment processing. The company also introduced tools for developers and an open-source LN node called The Peach.

According to Bitfury representatives, all these tools are designed to make working with a second-level network easier and more convenient for companies and ordinary users. New products created by the Lightning Peach team.

By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants.
 

Valery Vavilov

CEO, Bitfury

Among other things, last week Bitfury added support for LN solutions on the BTCBIT cryptocurrency exchange.