sponsored Cryptocurrencies have challenges in becoming a major force in the world’s economy, but looking at history, almost every advancement has had similar issues. From bartering to blockchain, the world of money – and the way we transfer it – has never stood still. Indeed, even the assets we prize have changed. Although it might […]
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IBM and Azerbaijan’s central bank will reportedly cooperate on implementing blockchain as part of a five-year program for the digital transformation of the economy. IBM and the Central Bank of Azerbaijan (CBA) will reportedly collaborate on implementing blockchain technology in the country’s economy, Central Asian-focused Trend News Agency reports October 9. Trend News Agency is […]
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Thai officials will conduct blockchain feasibility studies, aiming to apply the technology for digital IDs, smart contracts, and even rice export. The Thai Ministry of Commerce has begun to conduct feasibility studies on the use of blockchain in copyright, agriculture, and trade finance, English-language Thai newspaper Bangkok Post reports Tuesday, Oct. 9. A Thai official […]
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The Swiss Financial Market Supervisory Authority (FINMA) has issued the country’s first cryptocurrency asset management license to a crypto investment fund. The Swiss Financial Market Supervisory Authority (FINMA) has issued the country’s first cryptocurrency asset management license to a crypto investment fund, Swiss-centered media outlet Swissinfo reports today, Oct. 9. The recipient is Crypto Fund, […]
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Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions. Consumers in Dubai will soon be able to use digital currency to pay for goods, services, and utilities following a new government partnership, a press release confirms Tuesday, Oct. 9. The deal between emcredit, a subsidiary of […]
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PwC will provide tech expertise to decentralized lending platform Cred in the launch of their USD-backed stablecoin. “Big four” audit giant PricewaterhouseCoopers (PwC) has partnered with decentralized lending platform Cred to provide tech expertise in the launch of their USD-backed stablecoin, the company announced on Monday, October 8. In the announcement, the professional services firm […]
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The United Arab Emirates’ national securities regulator plans to introduce ICOs for capital markets in 2019, having approved their regulation under securities laws. The United Arab Emirates (UAE)’s national securities regulator plans to introduce Initial Coin Offerings (ICO) for capital markets in 2019, Reuters reported Oct. 8. Reuters notes that the regulator has embraced the […]
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China aims to “attract talent” and “explore application” of blockchain tech with new pilot zone. China’s Hainan Province became the host of the country’s “first” officially licensed “‘blockchain pilot zone” Monday, Oct. 8, China’s official state-run press agency Xinhua reports. With its base at the Hainan Resort Software Community (RSC), a dedicated tech space and […]
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GMO says its new coin will be focused on remittances, praising the success of the stablecoin market. Japanese internet conglomerate GMO Internet Co. Ltd confirmed plans to release a cryptographic stablecoin Tuesday, Oct. 9, pegged to the Japanese yen. GMO, which entered the Japanese cryptocurrency exchange market in May last year, intends to begin issuing […]
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U.K .digital currency exchange Coinfloor is reportedly laying off the greater part of its staff amid a “business restructure.” British cryptocurrency exchange Coinfloor is laying off the majority of its staff, news outlet Financial News reported Oct. 8. Coinfloor is a London-based digital currency trading platform founded in 2013. Coinfloor is reportedly the oldest crypto […]
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