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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Mercedes-Benz parent company Daimler AG and mechanical engineering firm Dürr AG have conducted a pilot transaction on the Marco Polo trade finance network. Mercedes-Benz parent company Daimler AG and mechanical engineering firm Dürr AG have conducted a pilot transaction on blockchain software firm R3’s Marco Polo trade finance network. Per a press release published on […]
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Bitcoin price has lost about 16% in the past few days but the overall macro trend remains bullish on multiple timeframes, technical analysis shows. Bitcoin price made a strong downside move yesterday, dropping nearly 16% from the daily open at $9,691 to a new local low at $8,164. In doing so, price broke strong support […]
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63% of U.S. consumers perceive blockchain tokens to be an easy form of payment, according to a new survey from “Big Four” auditor KPMG. 63% of American consumers perceive blockchain tokens to be an easy form of payment, according to a new survey from “Big Four” auditor KPMG. VentureBeat reported the survey’s results on Sept. […]
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The Fold app, a mobile shopping app that supports the Bitcoin Lightning Network, has added a fiat currency payment option following a $2.5 million investment. The Fold app, a mobile shopping app that supports Bitcoin’s Lightning Network enabling users to withdraw funds to an external Bitcoin (BTC) wallet, has raised $2.5 million and added a […]
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