Seems like a really cool blockchain. Like Libra, the Tezos company is headquartered in Switzerland. Unlike Libra their ICO in 2017 raised a record-breaking $232 million, though it was shrouded with controversy and plenty of drama. The main focus of this unique blockchain is smart contracts and security token offerings, which is right in line with one of our goals in eToro to help tokenize all financial assets.
Since landing in California last week, it’s become very clear to me how quickly the retail landscape is moving to the cloud. My family and I have been doing a fair bit of shopping since we got here but friends and relatives are giving us some funny looks. Why would we go out to a shopping center and walk around for hours instead of just searching on the internet to find exactly what we need in minutes?
It’s been five years in the making but the People’s Bank of China says that it is finally ready to release their own CBDC (Central Bank Digital Currency). Mr. Mu Changchun who heads the PBoC’s Payments and Settlement Division explained to the China 40 Finance Group over the weekend the complexities of the first cryptocurrency created by a major central bank. It may come as no surprise that the unique two-tier system has the PBoC in the top tier and Chinese commercial banks as the second tier. So, not exactly an open-source network like bitcoin. Changchun says that this particular strategy will work best with the needs of the Chinese economy.
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