Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review

Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world’s largest regional organization, the Shanghai Cooperation Organization (SCO) plans to switch to settlements in national currencies, moving away from the U.S. […]

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Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov SaysEfforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]

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World’s Largest Regional Organization to Switch to Settlements in National Currencies

World’s Largest Regional Organization to Switch to Settlements in National CurrenciesA China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The […]

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Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue PartnerChina’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision […]

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Can Staked Coin Output Replace ICOs, IEOs, and STOs?

TheMerkle Ripple Global Money TransfersCrowdfunding in the cryptocurrency space remains a problematic venture. Numerous business models have come and gone with most of them becoming obsolete. The Staked Coin Output – or SCO – method may have some merit to it. It is an alternative to token offerings. More importantly, the funds are not sent directly to a team of developers either.  Staked Coin Output Explained The news regarding Staked Coin Output, or SCO, took a lot of people by surprise. It is a new way of crowdfunding explored by a blockchain project. This first project is called “Aleph”, a cross-blockchain layer two network.

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