In the aftermath of disappointingly slow COVID-19 stimulus payments, Congress hears testimony on using digital dollars to upgrade the U.S.’s legacy financial infrastructure. On June 11, the Congressional Fintech Task Force held a hearing examining FedAccounts and a digital dollar as ways of expanding financial inclusion in the United States. Particularly in the aftermath of […]
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Algorand and Blockstack have launched a joint open-source project to support the development of a smart contract language. Proof-of-stake blockchain protocol Algorand and blockchain software firm Blockstack have launched a joint open-source project to support the development of a smart contract language dubbed “Clarity.” Both claim that existing smart contract languages are neither secure nor […]
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The Libra Association just filled a key role. The Libra Association, the group behind Facebook’s digital asset endeavor, unveiled an update to its brass. The association announced Sterling Daines fills the role of announced its Chief Compliance Officer, or CCO, at the ourfit, said a statement provided to Cointelegraph staff. Daines will leave his post at Credit […]
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Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month. Bitfury, a cryptocurrency mining and blockchain development firm, is planning to launch a Bitcoin (BTC) mining fund in Japan in July. Katsuya Konno, the head of Bitfury Japan, confirmed the development with Cointelegraph […]
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The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium. South Korea’s NH NongHyup Bank has announced a new consortium with a local law firm and a blockchain laboratory to jointly develop digital asset-based financial services. According to the Korea Herald on […]
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A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets. A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives. While 36% of institutions own crypto globally, multinational financial services company Fidelity found […]
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MoneyGram saw a significant rise in user transaction numbers for May 2020 compared to the same period last year, coinciding with a partnership with Ripple that began last June. Global money transfer platform MoneyGram recently unveiled year-over-year growth numbers, showing double the number of transactions seen in May 2019. MoneyGram ended Q1 2020 with 57% […]
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Commercial service on Crypto Garage’s Settlenet system, trialled for a year within Japan’s regulatory sandbox, is now available. Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market. According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture […]
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Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way. Over the past few months, India’s cryptocurrency market has continued to be in a constant state of flux. From crypto bans imposed by the country’s central bank to a historic ruling by its Supreme […]
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The CEO of Celo alliance member Blockdaemon believes that the Celo ecosystem will soon comprise “PayPal on speed with its own native currencies.” Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cointelegraph spoke to Konstantin Richter, the CEO […]
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