Steam May Launch Blockchain Platform

Media reports that with help of a blockchain platform the company plans to collect info on strong gamers who are worthy of participating in e-sports tournaments
22 June 2018   1086

American developer of computer games Valve Corporation is working on a blockchain upgrade for its own online service Steam. This was reported by one of the company's employees, UTB reports.

According to the source, the new solution will track the achievements of each player and statistics, in particular - titles, discounts and more.

With the help of the update, the company plans to collect information about strong gamers who are worthy of participating in e-sports tournaments. So, Valve wants not only to sell games, but also to track the entire life cycle of the user.

Officially, the giant of the gaming industry has not confirmed this information, but it is known that the company is looking for developers and blockchain-specialists who will help in creating a new product.

Let's note, for the first time Valve announced its intention to create a service on a blockchain in 2015. In 2017 it became known that Steam no longer supports bitcoin as a method of payment because of high commissions for a transaction.

US Federal Reserve to Consider Digital USD Issue

If a some country or company issues digital money that is widely recognized, this could lead to the loss its status by the USD, fed official believes
17 October 2019   66

The US Federal Reserve is actively considering the possibility of issuing digital currency, fearing the dollar will lose its leading position in the global financial system. This was stated by President of the Federal Reserve Bank of Dallas Rob Kaplan, reports CoinDesk.

In his opinion, if a foreign government or company issues digital money that is widely recognized, this could lead to the loss of the status of the world's reserve currency by the dollar.

On the eve of the previous chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo also expressed concern that the re-issuance by other countries of national currencies in digital form could lead to the dollar losing its dominant role in the world. He called for the release of a digital dollar on the blockchain.

Bank of England Governor Mark Carney said earlier that a digital currency like Facebook’s Libra can replace the dollar as a global reserve currency.

The emergence of an attractive and viable alternative to the dollar will reduce demand for US government securities, Kaplan said. This will lead to an increase in interest rates by 100 basis points (1%), which will increase the cost of servicing public debt by $ 200 billion per year.

I still think for the foreseeable future, the dollar will be the world reserve currency, we’re able to refinance our debt at relatively low rates, but I don’t think we should take that for granted.

Rob Kaplan

President, Federal Reserve Bank of Dallas

Kaplan noted that countries subjected to sanctions or increased trade tariffs by the United States are working most actively on the digital alternative to the dollar.