Crypto exchange Binance and blockchain trust company Paxos join forces to launch USD-backed stablecoin, approved by the NYDFS. Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS) Binance USD […]
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Bitcoin is poised to benefit from the economic havoc and political implications of a possible no-deal Brexit, analysts argue. With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling. […]
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The recent move by Swiss regulators to licence two crypto banks is sending a message to regulators worldwide, but what are the stances of global authorities? Banking is often seen as the antithesis of Bitcoin (BTC), the very industry the nascent protocol looks to defuse and disrupt. Ironically, many banks are desperately in need of […]
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Following a request from the public, the Republic of Burundi has prohibited digital currency trading in the country due to associated risks. The Republic of Burundi in central Africa has banned the trading digital currencies in the country due to associated risks. As Bloomberg reported on Sept. 4, some Burundian citizens urged the government to […]
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The Marshall Islands has issued a national blockchain-based currency in a bid to “finally acquire monetary independence in a way that reflects Marshallese values.” The Marshall Islands has issued a national blockchain-based currency in a bid to “finally acquire monetary independence in a way that reflects Marshallese values.” The issuance of the Marshallese sovereign (SOV) […]
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San Francisco-based crypto exchange OKCoin pledges to donate 1,000 BTC to developers of BTC, BCH and BSV in vote-based initiative. San Francisco-based, fiat-focused crypto exchange, OKCoin, recently announced the launch of a voting-driven initiative to donate up to 1,000 BTC to developers of Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin Satoshi’s Vision (BSV). Voting starts […]
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Crypto exchange Gemini has introduced a sub-accounts feature for institutional customers enabling the creation of multiple accounts under one master account. New York-based cryptocurrency exchange Gemini has introduced a sub-accounts feature for institutional customers enabling the creation of multiple accounts under one master account. In a Sept. 3 announcement, the Winklevoss brothers-led crypto exchange revealed […]
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Co-founder of Morgan Creek Digital Assets Anthony Pompliano thinks Satoshi Nakomoto should be awarded the Nobel Peace Prize for inventing Bitcoin. American investor and co-founder of Morgan Creek Digital Assets Anthony Pompliano has argued that Satoshi Nakomoto should be awarded the Nobel Peace Prize for inventing Bitcoin. In a tweet posted on Sept. 3, Pompliano […]
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Stablecoins have exploded in popularity in 2019 — but there are plenty of challenges that lie ahead for this type of cryptocurrency in the future. What will 2020 hold for stablecoins? Big launches and some further regulatory drama are increasingly likely. Keep an eye on Facebook and Walmart to see how their projects progress, and […]
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Individuals can now only exchange up to $10,000 worth of pesos as the currency continues to crumble. Argentina has reimposed capital controls, limiting citizens’ and businesses’ freedom to buy foreign currency. As Bloomberg reported on Sep. 1, the increasingly troubled South American nation took the step as the Argentine peso (ARS) suffers overwhelming losses against […]
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