Facebook Libra is seeking worldwide compliance, but experts are sceptical that the project can meet its 2020 release date due to regulatory uncertainty. For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a […]
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China’s central bank relies on centralization and suppression of open technologies such as blockchain, with its next step being to issue a national stablecoin. The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project. […]
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Bitcoin is at a strong support level. If it fails to bounce quickly, it is likely to turn negative. Let’s analyze the charts. This week, major cryptocurrency exchange Binance stated that it plans to take a conservative approach and that Venus project will comply with all the regulatory requirements. This will keep it away from […]
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The digital advertising ecosystem suffers from outdated infrastructure — the rise of smart contracts and tokenization could resolve industry pain points. Earlier this month, Amazon announced plans to hire blockchain experts for its advertising division. But how can the use of blockchain technology possibly resolve the pain points in the advertising industry? For the crypto […]
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Solving the blockchain scalability challenge requires coming up with new consensus mechanisms that support different nonfinancial use cases. Blockchains and the related field of decentralized technologies represent a massive opportunity for humanity — not to mention the fact they appeared with almost perfect timing. Our largest institutions have become so powerful that they can take […]
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After seeing growth earlier today, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals and Bitcoin price stable. Friday, Aug. 30 — after seeing some growth on the day, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals. Market visualization. Source: Coin360 Bitcoin (BTC), which […]
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The integration of DLT technology into messenger apps is expected to drive mainstream crypto adoption, but possibly at the expense of centralization. Many cryptocurrency analysts and industry representatives are predicting that the increasing integration of blockchain payments with messenger apps will comprise the catalyst for the next wave of mainstream distributed ledger technology (DLT) adoption. […]
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The Cabinet of Germany answers a request from the parliamentary group at the Free Democratic Party regarding central bank digital currencies. The Cabinet of Germany and Germany’s central bank Deutsche Bundesbank are working together closely on issues related to central bank digital currencies (CBDCs). Awareness of global CBDC situation On Aug. 29, Germany’s federal parliament […]
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Binance Venus to benefit from Facebook’s regulatory woes. Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency. In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project. He […]
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China’s central bank has refuted recent reports of its plans to launch a state-backed cryptocurrency in the coming months, state-owned media claims. The Global Times claims that China’s central bank has refuted recent reports of its plans to launch a state-backed cryptocurrency this November. The Global Times is China’s national English language tabloid, under the […]
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