Author: cashtechnews

Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others. The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment. Corrections, feedback, and ideas should be submitted through the website contact form.

Nigerian Banking Regulator Warns Bitcoin’s Disintermediation Is a ‘Critical Concern’

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The Nigeria Deposit Insurance Corporation’s director defined Bitcoin’s disintermediation and fintechs as “critical concern to the corporation.” The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12. Disintermediation is when consumers begin investing directly in markets, rather […]

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UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

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The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. The United Arab Emirates’ (UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. English-language Dubai-based media outlet GulfNews reported on this collaboration on […]

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New Zealand: Financial Authority Blacklists Another Three Crypto Platforms Marked as ‘Suspected Scams’

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New Zealand’s Financial Markets Authority has updated its blacklist with three suspicious crypto-related companies. New Zealand’s Financial Markets Authority (FMA) has added three more crypto platforms to its blacklist that warns about scams, a release by the FMA reveals Wednesday, Dec. 12. OneLife Network Limited and its associated entity OneCoin Limited were added to the […]

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Crypto Platform Cubits Begins Insolvency Procedure After Alleged Hack, Locks Users’ Funds

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The cryptocurrency platform Cubits (Dooga) has battled alleged “collusion” over the disappearance of $32.8 million last February. United Kingdom-based cryptocurrency payment platform Cubits has filed for administration following a sudden outage that locked customer funds, a company press release revealed Dec. 11. The act of filing for administration means that an insolvent company has appointed […]

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SEC Chairman Expresses ‘Optimism’ About DLT Investment Opportunities in Senate Testimony

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U.S. SEC chairman Jay Clayton has said he is “optimistic” that developments in distributed ledger technology can bolster “capital formation.” United States Securities and Exchange Commission (SEC) chairman Jay Clayton has said this week that he is “optimistic” that developments in distributed ledger technology (DLT) can “help facilitate capital formation.” Speaking as part of a […]

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Binance Tackles Cryptocurrency ‘Misinformation’ With Multilingual Educational Article Bank

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Binance joins the various education initiatives seeking to provide reliable material on the industry. Cryptocurrency exchange Binance has launched a collection of educational content comprising almost 500 articles in order to fight “incorrect” and “misleading” information, a press release confirmed Dec. 12. Binance, which regularly tops the list of the world’s largest exchanges by volume […]

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