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Top related persons:
Brad Jones - 2 David Gray - 1 Jones - 1 tokenisation - 1 " Jones - 1 Wayne Cole - 1 Jamie Freed - 1 Kevin Zhang - 1
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Reserve Bank of Australia - 1 REUTERS - 1 Rights - 1 Australian Financial - 1 Treasury - 1 Thomson - 1 Foundry - 1 Mining - 1

Search resuls for: "Brad Jones"


3 mentions found


☆ Australia central bank sees possible cost savings in tokenisation
  + stars: | 2023-10-15 | by ( ) www.reuters.com   time to read: +2 min
A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. REUTERS/David Gray/File Photo Acquire Licensing RightsSYDNEY, Oct 16 (Reuters) - Australia's central bank on Monday said tokenised money could help save billions of dollars in costs in domestic financial markets, as it studies whether and how to launch a central bank digital currency. Australia's government on Monday separately outlined proposals for regulating crypto and digital assets that will make platforms subject to existing Australian financial services laws and require platform operators to obtain an Australian Financial Services Licence. The RBA has been studying whether to issue a central bank digital currency (CBDC) of its own and if it would help facilitate atomic settlement in tokenised asset markets. A wholesale CBDC could also act as a complement to new forms of privately issued digital money, including tokenised bank deposits and asset-backed stablecoins.
Persons: David Gray, Brad Jones, Jones, tokenisation, " Jones, Wayne Cole, Jamie Freed Organizations: Reserve Bank of Australia, REUTERS, Rights, Australian Financial, Treasury, Thomson Locations: Sydney, Australia
☆ Bitcoin miners beef up Texas operations ahead of extinction-level event, exclusive data shows
  + stars: | 2023-09-26 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +12 min
Bitcoin miners are barreling toward the "halving" — a major market-making event that some fear will be a death knell to many in the industry. "We're taking a long-term bet on bitcoin and on the fact that bitcoin mining will survive and will bounce back even stronger." Texas has grown to dominate bitcoin mining partly because of support from local authorities and the operator of the Texas energy grid, ERCOT. Even during the bear market, Texas miners are building out, buying new sites and fresh fleets of hardware. The mining company was spun off from Chinese bitcoin mining giant Bitmain and went public via SPAC earlier this year.
Persons: Kevin Zhang, Jihan Wu, Bitmain, Kevin Zhang Crypto, He's, China — he's, Zhang, bitcoin, Barry Silbert's, Foundry's, —, Chad Harris, ERCOT, Nic Carter, Shaun Connell, Brad Jones, Brandon Arvanaghi, Jason Les, Navarro, Les, hashrate, Morgan, Bitdeer Organizations: Foundry, Mining, CNBC, U.S, Riot, Cipher Mining, Georgia, Securities Exchange Commission, JPMorgan Chase Locations: Sweden, Republic of Georgia, China, America, Beijing, Shenzhen, Montana, North America, Texas, Wyoming, New York, United States, U.S, . Texas, Castle, Rockdale, Austin, Milam, Odessa , Texas, Minden , Nebraska, , Texas, New Hampshire, Pennsylvania, Nebraska, North Carolina , Kentucky , Oklahoma, Washington
☆ Australia's RBA finds unexpected industry interest in an eAUD
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +2 min
Interested entities ranged from large banks, financial market infrastructure providers and consultancies, to small digital asset firms and fintechs. The RBA intends to select a number of proposals to take forward into the pilot phase early next year. However, Jones cautioned that the actual adoption of a retail CBDC to replace cash would be revolutionary and come with costs and dangers that had yet to be addressed. Instead, it was possible household holdings of eAUD at the RBA would end up replacing deposits held by commercial banks, sapping their ability to lend. "Prior to crossing this Rubicon, a strong public interest case would first need to emerge," Jones concluded on adoption of a retail CBDC.
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