CEO of online travel giant Booking said that blockchain-based currencies will gain more popularity especially outside the U.S. CEO of online travel giant Booking Holdings believes that blockchain-based currencies will continue to grow and gain more popularity. Glenn Fogel, recently appointed CEO of Booking, expressed his support of cryptocurrencies in an interview with New York-based […]
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A department of the Israel Ministry of Finance is looking to drive fintech competition with industry teams and licensing help. The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country. Israeli business news […]
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The existence of private decentralized cryptocurrencies like Bitcoin has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. TThe argument was put forth in a paper published on […]
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Non-custodial keyless digital wallet ZenGo now supports Libra’s testnet and allows its users to experiment with sending and receiving Facebook’s new cryptocurrency. On Aug. 18, the developers of ZenGo, a non-custodial keyless cryptocurrency wallet solution, announced that their app now supports Facebook’s Libra testnet. Experimenting with Libra According to the announcement, now users “can send […]
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Silvergate Bank’s Silvergate Capital Corporation is examining the possibility of offering cryptocurrency loans. The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes: “We believe there may […]
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Nexo paid out $2,409,574.87 to token holders and reported an annualized dividend yield of 12.73%. Crypto lending firm Nexo has paid its token holders a total of $2,409,574.87 in dividends. Nexo reportedly has reached an annualized dividend yield of 12.73%. Nexo announced the completion of its dividend payments in a press release on Aug. 16. […]
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Blockstream Chief Strategy Officer Samson Mow says Bitcoin is bad for payments but the Lightning Network solves this. Blockstream Chief Strategy Officer (CSO) Samson Mow says Bitcoin (BTC) is bad for payments but the Lightning Network solves this. Mow — who is also a co-founder of formerly top cryptocurrency exchange BTCC — made his remarks […]
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A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood at the heart of the Cambodian capital. A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood at the heart of the Cambodian capital. As Tech in Asia reports on August 14, the 100-hectare mixed-use development in Phnom Penh […]
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Poloniex announces scheme to reimburse margin lenders losses caused by Clams flash crash in May. Cryptocurrency exchange, Poloniex, has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading […]
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Why do countries forego large cash transactions and what role will cryptocurrencies play in this transformation. The Liberal Party of Australia recently proposed a draft bill clarifying that purchases of over 10,000 Australian dollars (around $6,750) in cash would not be legal. According to the government, this step will dissuade tax evasion and encourage a […]
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