Kyle Torpey has been a full-time Bitcoin writer and researcher since early 2014. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, Kyle goes over the day's top Bitcoin stories in a daily YouTube show and podcast, which can be found at http://kyletorpey.com.
The idea that blockchains could be used to launch a digital fiat currency isn’t new – in fact, it’s already been considered by monetary authorities in countries like England and China.
But as far as applying the concept to the US market, Jim Cunha, senior vice president of treasury and financial services at the Federal Reserve Bank of Boston, believes there are better opportunities for the technology in banking.
We, the Israeli Bitcoin Association, pursue the goal of maximizing the benefit that Israel’s population obtain from the Bitcoin technology - which strongly depends on Bitcoin’s worldwide success. We believe that, as a currency, Bitcoin is subject to the network effect, and that it is strongest when its community and industry, brought together by both ideology and practicality, are united in a single network; and that rifts and separation should be avoided if at all possible.
While the strict regulations that emerged following the 2007–2008 financial crisis drew fire from many industry participants, they may have had an unintended consequence: making bitcoin more appealing to investors.