Blockchain integration into the banking industry will raise the quality of banking services and improve the customer experience. Your bank, no matter how neo or how challenger, can’t bank Bitcoin (BTC). They could bank blockchain companies, adding value and providing services for the space, which would be good for both the bank and the clients, […]
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Former Vice President of CIRC of the Party talks about ICOs and cryptocurrency trading bans in China and CBDC is an important national strategic plan. Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, sat down with Yiben blockchain media on Feb 27 to talk about ICO regulations and digital […]
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CFTC’s Technology Advisory Committee has held a public meeting and invited three stablecoins to showcase and discuss the outlook of stablecoins and cryptocurrency. American financial regulators have sat down with major stablecoin projects in an effort to better understand the industry. The Commodity Futures Trading Commission’s Technology Advisory Committee held a public meeting on Feb. […]
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Virgin Galactic’s chief executive believes that every person should invest 1% of their net wealth in Bitcoin as crisis insurance. Chamath Palihapitiya, the billionaire chairman of spaceflight company Virgin Galactic, has recommended that everyone hold Bitcoin (BTC) as a form of crisis insurance. Speaking on CNBC’s Squawk Box, Palihapitiya said he believes that “everybody should […]
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The fourth-wealthiest person in the world doesn’t think cryptocurrencies have anything to offer. “Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday. Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO […]
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A New Jersey lawmaker files a bill for new regulations in the virtual currency industry. New Jersey just became one of the first states to propose legislation around crypto companies. According to a new bill, cryptocurrency businesses must now obtain a proper license to operate. Assemblywoman Yvonne Lopez proposed the Digital Asset and Blockchain Technology […]
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From payments to asset management and even data privacy, DeFi solutions are spreading across multiple sectors. As the new decade unreels, a new wave of disruption seems to be coming to the shores of the global financial system. That wave is called decentralized finance protocols. Decentralized finance, or DeFi, simply refers to financial software that […]
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Following two significant attacks on lending protocol bZx, what are the potential ramifications for the DeFi sector? Earlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000 was gleaned from the platform. But what exactly […]
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Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money […]
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Institutions are turning away from gold to Bitcoin. Meanwhile, investors in DeFi have more hedging opportunities than ever before. The world has arguably been teetering on the brink of a recession for months now. But recent events could be pushing the global economy even closer to the precipice. The coronavirus outbreak has choked China’s output, […]
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