Alibaba partnered with Bitcoin rewards shopping app Lolli, enabling its shoppers in the U.S. to earn 5% back in Bitcoin. Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, […]
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Consensys founder Joseph Lubin said that he hopes China’s digital currency will be interoperable with Ethereum and other public and open-access blockchains. Ethereum co-founder and founder of Consensys, Joseph Lubin, said that he hopes China’s Central Bank Digital Currency (CBDC) will allow for interoperability with public permissionless blockchains, including Ethereum. Ethereum is “a very positive […]
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Crypto companies will need to comply with FATF regulations by June 2020, but there are still many potential stumbling blocks. For better or for worse, the cryptocurrency space is coming of age. Since Bitcoin’s rise to mainstream prominence in 2015, there has been increasing recognition of digital assets from government agencies around the world. In […]
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Within the decentralized nature of blockchain technology lies a chance to avoid the financial collapse rooted in the concepts of center and power. A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal […]
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Following President Xi’s statement, China is now actively pursuing blockchain development through regulation, promotion and application. After President Xi Jinping called to speed up the development of blockchain technology in the country on Oct. 24, blockchain-related news from China just keeps on coming as the country is seemingly eager to beat the United States (or […]
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International securities regulator IOSCO suggested that some stablecoin implementations are securities based on how they are structured. International securities regulator International Organization of Securities Commission (IOSCO) suggested that some stablecoin implementations are securities. In a statement released on Nov. 4, IOSCO informed the public that on Oct. 30 its board met to — among other […]
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If a stablecoin is truly stable, why is a futures contract needed, as there is no risk to hedge? OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and […]
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Bitcoin is the third most-used online payment method in Italy, ahead of traditional credit cards like Visa, Mastercard and American Express. According to new data from marketing analysis firm SEMRush, Bitcoin (BTC) is the third-most preferred online payment method in Italy. Bitcoin comes in third place On Oct. 31, the Italian news outlet La Stampa […]
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Canada’s volatile history of mainstream adoption and fraud is directly impacting the future of cryptocurrency in the country. Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using Toronto to test its public government expenditure […]
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Ethereum-based decentralized stablecoin DAI is now spendable where Visa cards are accepted and Tether sees more use by e-commerce organizations. Ethereum-based decentralized stablecoin DAI is now spendable where VISA cards are accepted and leading stablecoin Tether (USDT) is seeing increasing use by e-commerce organizations. DAI now usable in E.U. stores According to a press release […]
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