Monday, July 26


crypto, Cryptocurrencies, digital assets, Federal Reserve, Markets, MI Exclusive, Regulation, Stablecoins, Tether, yale

Stablecoins should be regulated like banks and central bank digital currencies could tame these’wildcat’ crypto tokens, according to research from the Fed and Yale

US dollar Sopa images/ Getty images Cryptocurrencies that are pegged to a stable asset-known as "stablecoins"-should be regulated as strictly as commercial banks and those that are not should be wiped out to prevent instability in the global payments system, according to a report from researchers at the Federal Reserve and Yale University.The report, titled "Taming the wildcat stablecoins", was released over the weekend ahead of a meeting of a Treasury Department working group on digital assets on Monday. In it, researchers suggested stablecoins should be issued by insured banks and backed by government bonds. But anyone can issue a stablecoin and it is these privately produced tokens that have regulators worried. Tether, for example, is the world's third-biggest cryptocurrency b...
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Mark Zuckerberg’s reputation has gone from heralded genius to’worst Bond villain ever.’ So why do so many business school grads still want to be the next Zuckerberg?

Despite the declining reputation of Big Tech, many business school grads are setting out to become the next great tech founder. Tom Eisenmann, an entrepreneurship at Harvard Business School, set out to examine why so many grads are attracted to startup's in his new book "Why Startups Fail: A New Roadmap for Entrepreneurial Success." But beyond providing a few interesting case studies, Eisenmann fails to deliver insight on what is driving the continued move towards these "ill-considered, ill-fated ventures." This is an opinion column. The thoughts expressed are those of the author. See more stories on Insider's business page. ...
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Gold mine wastewater to combat COVID-19 | Digital Trends Spanish

They may not look good or look good, but analysis of the wastewater could provide researchers with important information about COVID-19. They can be, for example, a premature indicator of the existence of an outbreak of the disease, as well as provide information on the effectiveness of the adoption of quarantine by a population. "Wastewater is really a gold mine for information," says Jordan Peccia, a Yale professor of chemical and environmental engineering. If researchers can identify traces of COVID-19 in sewage sludge, they may be able to identify outbreaks and better understand how the virus spreads. For scientists, the concentration of COVID-19 RNA per milliliter of sewage sludge can indicate the presence or absence of the disease, as well as the way in which it spreads, eith...