Fed Nominee Judy Shelton speaks about the need for a digital dollar at a confirmation hearing in the US Senate. Treasury Secretary Steven Mnuchin wasn’t the only one to make waves at the U.S. Senate this week when it came to the future of currency. Tom Cotton, a Republican senator from Arkansas, spoke at length […]
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The first major bitcoin miner to go public on the US stock market rebounded slightly after a drop in the fourth quarter. After steadily depreciating well into the last quarter of 2019, Canaan certainly rebounded slightly today. The company was the first example of a large Bitcoin miner to go public on Nasdaq. However, after […]
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The People’s Bank of China files for multiple patents related to digital currency. China has been leading the way when it comes to digital payments by average consumers in the country. While such payments in the United States like Apple Pay are becoming more widely accepted, in nearby Japan such methods are still relatively rare. […]
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The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances. Another major financial institution has partnered with blockchain-based payments firm Ripple. The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances, according to a Feb. 11 report […]
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Cryptocurrency-friendly United States presidential candidate Andrew Yang announced the end of his campaign. Cryptocurrencies and blockchain technology have lost a proponent and ally in the American political landscape. Andrew Yang, an entrepreneur and Democratic candidate in the United States presidential elections, has suspended his campaign for president. NPR reports on Feb. 11 that Yang told […]
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Central bank digital currencies would positively impact non-central bank crypto like Bitcoin, Grayscale Investment CEO Barry Silbert believes. Bitcoin (BTC) would benefit from global central banks issuing their own cryptocurrencies, the founder at the world’s largest digital asset manager believes. Barry Silbert, founder and CEO of digital currency asset manager Grayscale Investments and blockchain venture […]
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An increase in crypto crime brings total direct losses to $4.5 billion, but legacy banks are yet to feel the pain. The nature of cryptocurrency fraud is shifting away from exchange hacks, and toward Ponzi-style frauds, pyramid schemes and exit scams. A massive 533% rise in the value of such crimes means that as misappropriated […]
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North Korea’s internet use saw a 300% surge over the past three years as the country’s regime has continued to rely on cryptocurrencies. North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities. Exploitation of crypto and blockchain technology […]
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Japanese lawmaker Kozo Yamamoto said today that the government should include the digital yen plan in its mid-year policy. Another Japanese lawmaker has publicly called for the swift development of the digital yen. The head of the banking and finance systems research commission at Japan’s Liberal Democratic Party, Kozo Yamamoto, said today that the country […]
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A sudden upsurge of Bitcoin’s price to $10,000 can be narrowed down to three major factors. Since Dec. 18, 2019, in less than three months, Bitcoin’s (BTC) price surged by 68% against the United States dollar. It surpassed the $10,000 level on Feb. 9, marking the start of a full-blown crypto market rally for most. […]
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