An ex-Fed official says it makes no sense to end U.S. dollar dominance by replacing it with a digital currency, such as Facebook’s Libra coin. Ex-United States Federal Reserve official Simon Potter stated that the plan to end the U.S. dollar’s dominance by replacing it with a digital currency makes no sense. Central banks unlikely […]
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EOS parent company Block.one is opening new headquarters located in Washington, D.C., while creating 170 high-skilled jobs. EOS parent company Block.one is opening its fourth global site located in the Washington, D.C. metropolitan region. Creating 170 jobs over the next three years On Sept. 23, Block.one LLC announced that it is opening new headquarters for […]
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The recent Ether price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, DAI, and the ecosystem built on it. The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it. […]
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One of the Big Four banks in the U.K., Lloyds Bank, has partnered with blockchain platform Komgo to speed up international commodity trade finance. Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division. Blockchain to streamline international trade process On Sept. 25, United Kingdom financial news outlet FStech reported that […]
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Binance’s decision to re-enter the Chinese crypto market seems to make a lot of sense to many experts operating within this space. In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since […]
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Is the current fall the start of a new bear market or is this a bear trap? Let’s analyze the charts. The total cryptocurrency market capitalization had repeatedly taken support close to the $250 billion mark since mid-July of this year. However, the recent collapse in crypto markets led by Bitcoin (BTC) has broken the […]
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A hearing with U.S. House Committee and the SEC on Tuesday made clear that everybody wants a crypto regulation program but nobody wants to act first. Yesterday, Sept. 24, Cointelegraph reported from the United States House Financial Services hearing with the chairman and four commissioners of the Securities and Exchange Commission (SEC). The hearing was […]
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Policymakers and central banks should respond to challenges that Libra wants to solve, an ECB official says. Facebook’s Libra has pushed central banks to consider two major issues in global payment systems, an exec at the European Central Bank (ECB) said. Benoit Coeure provided his remarks at a hearing at the Committee on the Digital […]
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David Marcus, the head of Calibra at Facebook, has set forth arguments in favor of blockchain-based payment networks. David Marcus, the head of Calibra at Facebook, has set forth arguments in favor of blockchain-based payment networks. In a Sept. 25 blog post, Marcus pointed out shortcomings of existing payment systems such as regional and international […]
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Brazilian financial regulators have banned a forex firm that was also offering Bitcoin options. The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, Cointelegraph Brasil reported on Sept. 25. On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and […]
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