The People’s Bank of China, the country’s central bank, is reportedly developing its own digital currency in response to Facebook’s Libra. China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported […]
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Indian authorities expressed concerns over Facebook’s long-awaited stablecoin Libra. India’s authorities have expressed concern over Facebook’s forthcoming stablecoin Libra, Bloomberg reported on July 8. Subhash Garg, Economic Affairs Secretary at India’s Ministry of Finance, told Bloomberg that the “design of the Facebook currency has not been fully explained. But whatever it is, it would be […]
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Libra, Ton and JPMorgan Coin, a comparative survey of three projects that are set to shock the crypto world — for better or for worse.. Since the beginning of 2018, rumors and then news about some large players entering the blockchain industry mesmerized the crypto community. Presently, the projects promoted by JPMorgan Chase, Facebook and […]
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Bitstamp cryptocurrency exchange set up its own node for the Lightning Network, encouraging more participation from the industry. European crypto exchange Bitstamp has set up its own Lightning Network (LN) node to boost the network’s capabilities, the company tweeted on July 8. As a second layer over the blockchain of the biggest cryptocurrency, bitcoin (BTC), […]
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Bitmain co-founder and former CEO Wu Jihan launched his crypto-related financial services startup Matrixport today. The former CEO of Bitmain, one of the largest bitcoin (BTC) mining pools globally, has launched a crypto-related financial services startup, according to a Bloomberg report on July 8. Following reports on the initiative in early June, Bitmain co-founder and […]
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Chinese police surrounded the Tron’s office in Beijing, as people came to express outrage at a scam going under a Tron-like name. The Tron office in Beijing has been surrounded by police as a crowd gathered to protest against a Chinese ponzi scheme that went under a Tron-like name, Twitter personality Crypto Authority reports on […]
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Deputy governor for new technologies at the Central Bank of Iran said that buying and selling bitcoin is illegal in the country. Buying and selling cryptocurrencies like bitcoin (BTC) is illegal in Iran, a senior government official declared, according to a report by local news agency Tasnim News on July 8. Nasser Hakimi, deputy governor […]
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Bitfinex reached $12,040 in Monday trading, despite analysts agreeing lower prices should appear. Bitcoin price (BTC) reached $12,000 on some exchanges on July 8 after a fresh uptick saw daily gains top another 6%. Market visualization courtesy of Coin360 Data showed BTC/USD just hit its latest significant psychological level in trading at press time, having […]
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sponsored What if you could create and manage your own crypto fund with just a few clicks? Now, a company wants to bring that functionality to everyone. Crypto funds act as a “basket” of different digital assets and can offer a variety of benefits over purchasing individual coins, such as ease of management and the […]
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Deutsche Bank winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for bitcoin and crypto. Deutsche Bank taking an axe to 18,000 jobs and winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for crypto. […]
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