What Does Twitter’s New Decentralized Initiative Mean?

What Does Twitter’s New Decentralized Initiative Mean?

Decentralized social media is not so distant future as it might sound, meanwhile, there are serious obstacles that need to be solved before it becomes our present. Back in December 2019, Jack Dorsey, the founder and CEO of Twitter and payments operator Square, announced a new team dubbed Bluesky, to work on decentralized social media standards. The news has gotten both the crypto and noncrypto communities abuzz — and for good reason.Mr. Dorsey has…

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People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan

People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan

China’s central bank reports that it is “progressing smoothly” with its development of a government-backed digital currency. China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing  smoothly” with its development of a government-backed digital currency.The bank issued its statement during a working conference held in Beijing from Jan. 2–3, according to an official news release published yesterday, Jan. 5. Five years in the makingAs reported, China has devoted five years…

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