Ex-Trump advisor and conservative economist Stephen Moore has joined a stablecoin project that aspires to function as a new type of ‘crypto central bank.’ Stephen Moore — the economist who advised Trump on his tax cut policy and made an aborted Trump-backed bid to join the United States Federal Reserve board — has joined a […]
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The U.S. House Financial Services Committee will hear testimony about Facebook’s new cryptocurrency Libra in July. The United States House Financial Services Committee will be holding a hearing on the social media giant Facebook’s proposed virtual currency Libra on July 17, according to a press release on June 24. The announcement comes by way of […]
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In Malta, new rules will require that all property rental contracts be registered on blockchain for security considerations. In Malta, new rules will require that all property rental contracts be registered on a blockchain for security considerations, local news outlet Malta Today reported on June 23. Malta’s Prime Minister, Joseph Muscat said that the cabinet […]
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The Bank of International Settlements warns that financial services offered by big tech firms such as Facebook, Google and Amazon could create new risks for the banking sector. The Bank of International Settlements (BIS) has warned that the financial services poised to be offered by big tech firms such as Facebook, Google and Amazon could […]
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A Caucasian nation is on the path to digital transformation, and blockchain-powered identification system is one of its cornerstones. Azerbaijan has been a hotbed for a series of ambitious fintech-related announcements over the past several months, as the nation’s authorities were apparently moving to implement a series of innovative technological solutions in banking and e-government […]
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Microsoft, the Ethereum Foundation and Salesforce join Hyperledger as new members, seeking to create open-source enterprise blockchain solutions. United States tech giant Microsoft and the Ethereum Foundation are among the latest companies to join the ranks of the Hyperledger greenhouse hosted by the Linux Foundation. Many notable names in the tech and wider business fields […]
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PwC announced its cryptocurrency auditing software solution that supposedly understands how the blockchain works. Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool […]
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Governor of Australia’s central bank said that he expects to see regulatory compliance and a solid business case before Facebook’s Libra goes mainstream. Governor of the Reserve Bank of Australia (RBA), Philip Lowe, cautions that Facebook’s announced virtual currency—Libra—may not attain mainstream usage in the near future, according to a report by Bloomberg on June […]
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How TON could disrupt the blockchain landscape. Recently, new materials surfaced about the lite client for the Telegram Open Network (TON) blockchain, powered by encrypted instant messaging service Telegram. Based on the content of these documents, it is possible to make a lot of assumptions about its future, especially in regard to comparing TON with […]
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The Brazilian government has made several moves surrounding blockchain and its regulation in the past two weeks. Brazil’s weak economic growth and inflationary pressure have led to more than 13 million Brazilians currently out of work. The unemployment rate currently stands at 12.5%. While the country runs the risk of recession, cryptocurrency’s low barrier for […]
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