Author: cashtechnews

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Financial Action Task Force Adopts Changes to Standards Covering Virtual Currencies

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The Financial Action Task Force has introduced changes to its AML standards covering digital currency-related firms. The Financial Action Task Force (FATF) has adopted changes to its standards regarding digital currencies and firms involved into cryptocurrency-related activities, according to an announcement published Oct. 19. Paris-based FATF, also known as Groupe d’action financière (GAFI), is an […]

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Russia: CEO of Banking Giant Sberbank Says Blockchain Tech Will Be ‘Ready’ in 3-5 Years

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Sberbank’s CEO says governments are not ready to give way to decentralized currencies – at least not within the next 10 years. Herman Gref, CEO of state-owned Sberbank – Russia’s largest banking conglomerate – believes that global governments won’t “let go” of centralized models to “allow” decentralized cryptocurrencies to flourish within the next 10 years, […]

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Fed Up With AI Mistakes? Blockchain Startup Follows ‘Wikipedia Model’ to Make It Better

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sponsored AI is riddled with mistakes, but a new platform believes human contributions could help this technology become more accurate and useful. Artificial intelligence (AI) is advancing by leaps and bounds, with exciting new applications launching every day. But a blockchain-based startup believes the transition from an “information economy” to an “intelligence economy” will prove […]

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Invest in Gold and Crypto Petro, Venezuela’s President Tells Public in Fresh TV Plug

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Petro should form an investment priority for Venezuelans, the country’s president has said. The president of Venezuela Nicolas Maduro called on workers to save in gold and state-run cryptocurrency Petro during a salary shake-up he announced Thursday, October 18, local news portal Noticiero Digital reports. In a television broadcast, Maduro said that “in the coming […]

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Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

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Tether’s offshore operations detract from its transparency versus other stablecoins, Mike Novogratz told Bloomberg. Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrency investor and entrepreneur Michael Novogratz told Bloomberg Oct. 18. Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in the cryptocurrency space, said he favored alternative stablecoins […]

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