Benoit Coeure of the European Central Bank argued that stablecoins like Facebook’s not-yet-released Libra coin pose risks to public policy priorities. A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook’s long-awaited Libra coin pose risks to public policy priorities. ECB board member Benoit Coeure delivered his comments on stablecoins’ […]
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Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether. Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether (ETH). Per a press release published on Sept. 16, companies that use BitPay for payment processing are now able to accept […]
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The percentage of Segregated Witness-spending Bitcoin transactions has reached an all-time high of 50.5%. The percentage of Segregated Witness (SegWit)-spending Bitcoin (BTC) transactions has reached 50.5%, or an all-time high, according to transactionfee.info statistics. SegWit solution to Bitcoin transactions SegWit is a proposed update to the Bitcoin Core, which is designed to reduce processing and […]
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Two offices of Los Angeles’ municipal government have partnered with Goren Holm Ventures to host a blockchain startup contest dubbed Block Tank. The Los Angeles Mayor’s Office of Budget & Innovation and the city’s Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host a blockchain startup contest called Block Tank. According […]
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CEO of Calibra, Facebook’s digital wallet for its Libra, says the notion that Libra threatens the global financial system must be debunked. CEO of Calibra, Facebook’s digital wallet for its proposed Libra stablecoin, has attempted to debunk the notion of Libra’s threat to the global financial system. Not new money but a better payment network […]
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Experts in Islamic finance take on the question: Is Bitcoin Halal or Haram according to Sharia law? The rise in popularity of Bitcoin (BTC) and other cryptocurrencies has led to the discussion among Islamic scholars about digital currency’s compliance with Islamic canonical law. Islamic law — known as Sharia — is based on the teachings […]
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Concern over Saudi Arabia drone strikes have sent oil volatility higher than Bitcoin’s, but analysts believe that will change. Bitcoin (BTC) price suddenly dropped by roughly $200 in minutes on Sept. 16 as commentators nevertheless revealed broad belief that upwards growth is imminent. Market visualization. Source: Coin360 Bitcoin price should eye $10,700 to spark uptrend […]
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Blockchain will be transformative for most industries within 10 years, according to information technology service management giant Gartner. Information technology service management giant Gartner foresees blockchain becoming transformative for most industries within 10 years. Gartner made its remarks in the press release accompanying its 2019 Hype Cycle for Blockchain research, published on Sept. 12. “Some […]
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Ethereum co-founder and ConsenSys CEO Joe Lubin has characterized both Bitcoin and Ethereum’s conceptions as being “immaculate.” Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has characterized both Bitcoin (BTC) and Ethereum’s conceptions as being “immaculate.” Lubin made his remark during a panel with Vitalik Buterin and Yoni Assia at the Ethereal Summit Tel Aviv […]
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Venture capital billionaire Tim Draper says that Bitcoin’s lack of simplicity is the main impediment to mass adoption. Major Bitcoin (BTC) bull Tim Draper now thinks that his own prediction that BTC price will hit $250,000 by 2022 may be understating the power of Bitcoin. BTC price to grow with adoption In an interview with […]
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