Japan may need to rely on the United States to have some influence over the development of digital currencies. Japan is behind the curve on the establishment of a central bank digital currency and should throw its weight behind the United States establishing a digital dollar, says Takaya Nakamura, an executive from Japanese crypto exchange […]
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CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner. Real innovations and breakthroughs don’t happen in the blink of an eye. Bitcoin (BTC) took many years to get to mainstream users since its inception in 2009. The bull market run in 2017 drastically […]
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Blockchain technology can bring about major changes for cross-border payments, says Ripple’s former chief market strategist. Ripple’s former chief market strategist, Cory Johnson, says that cross-border payments are where blockchain technology can bring the most change. Johnson claims that speculation around cryptocurrency has slowed down the adoption of blockchain technology in traditional finance. He stated: […]
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DeFi will see a number of bullish developments over the long term, the latest dGen report alleges. Big Four accounting firms like KPMG and Deloitte will become an important part of the decentralized finance — or DeFi — in the coming decade, according to Berlin-based non-profit think tank dGen. In its report titled “Decentralised Finance: […]
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The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. In an announcement on July 14, the SFA said […]
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Hao believes that DeFi can bring financial services to “the people who are currently excluded or underserved by traditional finance.” Decentralized finance (DeFi) will be part of the lives of many people in the future, according to Jay Hao, the CEO of crypto exchange OKEx. When answering Cointelegraph’s recent inquiry concerning the listing of Compound […]
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Global payments giant PayPal could indeed be developing a crypto-based solution, this document shows. PayPal has confirmed that it is developing capabilities in the cryptocurrency space, according to a letter to the European Commission. Originally submitted on March 20, the document was intended as a response to the European Commission’s public consultation on building an […]
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The Islamic world seems primed for widespread digital asset adoption, as well-respected scholars claim that crypto trading is fully compatible with Sharia law. Even though in most western countries today, matters related to religion and money have been independent of one another. However, in Islam, especially those following the Shariah code of ethics, the two […]
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Crypto taxation in South Korea could increase to 20% for capital gains. South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains taxes could rise as high as 20%. Cryptocurrencies could be considered as “goods” Proposed […]
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Yield farming is driving a boom in DApp and DeFi use, but user experience improvements will be key for future adoption in the next five years. From CryptoKitties to Compound, decentralized applications and decentralized finance have become increasingly popular in the blockchain space, but the sector has gone through a fair share of teething problems […]
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