Benoît Cœuré will take on a further digital currency-related role, having already led a group researching stablecoins. A former European Central Bank board member will chair a new arm of the Bank of International Settlements (BIS) focusing on digital currencies and financial innovation. In a press release on Nov. 11, the BIS confirmed Benoît Cœuré […]
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China’s digital currency will launch in two to three months, said founding managing partner of HCM Capital Jack Lee. Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months. During […]
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Difficulty readjustment shows Bitcoin network stabilizing itself as mixed price action continues, but miner interest remains as hash rate rises. Bitcoin (BTC) mining difficulty adjusted downwards more than at any time since its 2018 price low on Nov. 8, data shows. As noted by entrepreneur and cryptocurrency commentator Alistair Milne on Monday, difficulty fell by […]
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The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin as “the first successful application of blockchain technology.” The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin (BTC) as “the first successful application of blockchain technology.” Published today, Nov. 11, the coverage is exceptional given China’s abiding hardline […]
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Real estate tycoon Ben Shaoul has sold a retail condo in Manhattan’s prestigious Upper East Side for $15.3 million in Bitcoin. Real estate tycoon Ben Shaoul has sold a retail condo in Manhattan’s prestigious Upper East Side for $15.3 million in Bitcoin (BTC). The news was reported by New York real estate magazine The Real […]
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Both Argentina and Venezuela see their biggest ever weekly volumes on Localbitcoins as citizens grapple with the deteriorating purchasing power of their fiat currencies. Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed. As monitoring resource Coin Dance confirmed on Nov. 10, […]
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Venture capital firm Andreessen Horowitz is launching a free, seven-week crypto startup school, scheduled to kick off in February 2020. Venture capital firm Andreessen Horowitz (a16z) is launching a free, seven-week crypto startup school, scheduled to kick off in February 2020. The firm — well-known for its investments in crypto industry names such as Coinbase […]
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Bitcoin lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet. Bitcoin (BTC) lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet. Chinese news outlet South China Morning Post reported on Nov. 10 that […]
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A break above $9,000 late on Sunday failed to hold, but analysts remain buoyant about the state of the market over the past month. Bitcoin (BTC) fell below $8,700 on Nov. 11 after a fresh downturn once again ended its stay above the $9,000 mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin tests high $8Ks […]
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Singapore’s central bank and state investment firm have created a prototype multi-currency blockchain-based payments network together with JPMorgan. Singapore’s central bank and state investment firm have created a prototype multi-currency blockchain-based payments network together with JPMorgan. A Nov. 11 report from The Business Times indicates that the prototype is designed to enable payments denominated in […]
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