German state-owned bank KfW will trial its blockchain-driven app in Burkina Faso, where it also funds water supply and sanitation programs. Germany’s major state-owned bank KfW and Burkina Faso’s Ministry of Finance will test a blockchain application for use in public financial management, according to a statement posted Monday, Dec. 17. KfQ, ranked in 2017 […]
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The top 20 cryptocurrencies are all in the green, two of them reporting double-digit gains, Bitcoin approaches over $3,300. Sunday, Dec. 16: the top 20 cryptocurrencies are all in the green, seeing a mix of slight to solid gains, with Bitcoin (BTC) hovering over $3,200. Market visualization from Coin360 At press time, Bitcoin is up […]
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Fintech is believed to be a risk for financial stability, the Depository Trust and Clearing Corporation Systemic Risk Barometer Survey states. Fintech is believed to be a “systemic risk” to the broader economy, according to a survey conducted by the United States Depository Trust and Clearing Corporation (DTCC), Dec. 11. 20 percent of respondents to […]
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Stephen Pair, the CEO of BitPay, declared that speculation is a substantial Bitcoin price driver, while “actual utility” is not. The CEO of crypto merchant platform BitPay Stephen Pair stated that speculation on future adoption drives Bitcoin’s (BTC) price more than “actual utility,” in an interview on CNBC Dec. 13. Speaking on the reasons behind […]
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The CEO of Romanian crypto exchange Coinflux was reportedly arrested for alleged fraudulent activity. The CEO of Romania’s largest crypto exchange Coinflux was reportedly arrested on a warrant from the United States for fraud, organized crime, and money laundering, local news outlet Mediafax reported Dec. 13. Coinflux has subsequently stopped all digital currency exchanges. Founded […]
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Circle co-founder Jeremy Allaire believes that crypto valuations will increase, and BTC will be worth “a great deal more” than it is now. Jeremy Allaire, co-founder of crypto finance company Circle, told CNBC in an interview Friday, Dec. 14, that Bitcoin (BTC) will be worth “a great deal more” than it is now. When asked about […]
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The Swiss Bundesrat has called for specific adjustments of existing financial laws in relation to the blockchain industry. The Swiss Federal Council (Bundesrat) has said that existing financial law in the country suits the blockchain industry, but needs specific adjustments. The government suggested several amendments in an official statement by the Federal Department of Finance […]
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While total market cap threatens to break below $100 billion, new research shows that the amount of crypto users doubled by Q3 2018. Does this signal a recovery in the future? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and […]
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Central Bank of Bahrain has issued a draft of digital assets regulations which includes new licensing requirements for crypto service providers. Bahrain’s central bank has issued draft regulations on digital assets, Reuters reports Friday, Dec. 13. According to Reuters “the central bank said it had issued for consultation draft rules for crypto asset platform operators, […]
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Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a €150 million loan using blockchain technology. Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has closed a €150 million loan using blockchain technology with Porsche Holding, the largest car distributor in Europe. The news was reported by financial news site Finextra Dec. 14. […]
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