Bank of Canada is preparing for creating its own digital currency to defend the Canadian dollar and monetary sovereignty. Although the Bank of Canada has no plans for issuing a digital currency immediately, the Central Bank is not ruling out the possibility of launching one due to potential mass adoption of private digital currencies — […]
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The senior Bank of England official believes that regulators must act quickly to prevent major tech firms from using stablecoins to dominate the payments sector. Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to a Feb. 22 article published by The Telegraph. She urged other central banks […]
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Blockchain is becoming a hot topic, but is it being effectively implemented around the world? Blockchain usage is exploding around the world. But despite the technology’s many vocal advocates, the spread of technology is never even. Adoption is limited by a number of factors, including infrastructure development, local resources and regulation. As happens with the […]
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Alex Tapscott discusses his recently released book Financial Services Revolution with Cointelegraph. When the United States Treasury said on Feb. 13 that it would seek to enact new regulations governing cryptocurrencies, the price of Bitcoin (BTC) fell by almost 2% within an hour. But Alex Tapscott, for one, thinks it unlikely that the U.S. government […]
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The top performers of this week are a mixed bag as many altcoins are overbought but traders will be keeping an eye out for those that appear to be picking up momentum. After numerous big companies exited Facebook’s Libra project and several regulators voiced their concerns, news about the project had taken a back seat. […]
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JP Morgan report says that current blockchain developments are lying down the foundation for digital money, but more centralization is needed. A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away. A report published […]
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Former Chairman of CFTC says it’s time for Federal government to create digital Dollar that is equivalent to the digital gold Bitcoin. Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC) believes it’s time for the Federal Reserve to issue a fully digital currency on Feb. 21. Giancarlo told Yahoo Finance’s On […]
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Digital lead for Calibra explains why Facebook has built a new programming language called Move to power the Libra blockchain. Digital lead for Calibra Ben Maurer gave a presentation on Facebook’s Move programming language at the Stanford Blockchain Conference on Feb. 19. Move was created by Facebook to provide a safe and programmable foundation for […]
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E-commerce giant Shopify has joined the Libra Association, a network of founding members supporting Facebook’s stablecoin project, Libra. E-commerce giant Shopify has joined the Libra Association, a network of founding members supporting Facebook’s stablecoin project Libra. Shopify, a major Canada-based digital commerce platform hosting more than one million merchants, will be collaborating on the establishment […]
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Central bank governors and finance ministers discussed regulatory oversight of cryptocurrency at the G20 meeting in Riyadh this week. Facebook’s plans to launch its cryptocurrency Libra this year has more than a few agencies in the European Union and the United States wondering what to do. While government bodies around the world are working to […]
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