Heritage Foundation economist Stephen Moore is planning to release a stablecoin that relies on a fractional reserve. A former campaign adviser to United States President Donald Trump is planning to release a stablecoin based on a fractional reserve. As Fortune reported on Oct. 21, Stephen Moore announced plans to launch a stablecoin dubbed Frax, which […]
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UNICEF’s decision to accept donations and distribute humanitarian aid in Bitcoin and Ether proves that cryptocurrency is changing the world one day at a time. When disaster strikes the swift delivery of aid often plays a massive role in preventing disease, exposure, and the pause in the delivery of essential services from exacerbating an already […]
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Libra has gotten off to a spluttering start in the eyes of regulators. But could central banks swoop in and save the day? Ever since the vision for a Libra stablecoin was unveiled in its white paper back in June, Facebook has suffered a startling backlash from countries around the world. Some American politicians have claimed the […]
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Binance CEO said that Russian users will be able to buy crypto on Binance directly using Russian ruble in “about two weeks.” Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble. Adding Rubble in “about two weeks” The news was publicly announced by Binance […]
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Bitcoin IRA has partnered with digital asset lending firm Genesis Capital to offer investors the opportunity to earn interest on cryptocurrency and cash holdings. BitcoinIRA has partnered with digital asset lending firm Genesis Capital to offer investors the opportunity to earn interest on cryptocurrency and cash holdings. As an Oct. 21 press release notes, Los […]
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IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to recover $880 million in funds. IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to regain access to $880 million in funds. Discovery is a law allowing each party to obtain evidence from the other party or […]
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Historical evidence puts next year’s event in context as Bitcoin network’s next watershed moment. Bitcoin (BTC) advocates continue to focus on the May 2020 block reward halving this week as the impact on price becomes more apparent. Analysts excited for high-stakes halving In a Twitter discussion beginning Oct. 18, commentators noted that next year’s event […]
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American entrepreneur and staunch crypto advocate, John McAfee, has argued for the importance of stablecoins for decentralized exchange adoption. American entrepreneur and staunch crypto advocate, John McAfee, has argued for the importance of stablecoins for decentralized exchange (DEX) adoption. McAfee made his argument in a tweet posted on Oct. 20. Stablecoins as an interim solution […]
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Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra. Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s […]
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A deluge of interest in Bitcoin from big finance may not be the catalyst for adoption in the long term, warns Meltdem Demirors. Bitcoin (BTC) may not benefit from an influx of institutional traders, a senior executive at one of the industry’s best-known businesses warned. Wall Street and Unexchanged Bitcoins Speaking in an interview on […]
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