United States-based investment giant Charles Schwab will be steering clear of cryptocurrencies even as rivals such as Fidelity rush to embrace the new sector. United States-based investment giant Charles Schwab is — for now — steering clear of cryptocurrencies, even as rivals such as Fidelity rush to embrace the new sector. Schwab — the U.S.’ […]
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Ripple users are left infuriated after the company’s latest XRP dump, Craig Wright challenges 500,000 BTC payout, and Apple says it is watching crypto closely. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions […]
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Online payments processor Stripe launches Stripe Capital, a lending service for internet companies in the United States. Online payments processor Stripe announced the launch of its lending service Stripe Capital for the internet businesses in the United States. On Sept. 5, Stripe announced the launch in a blog post, noting that — once approved — […]
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Twitter CEO and founder Jack Dorsey says that he has no plans to launch a platform-specific “Twitcoin” cryptocurrency, still bullish on Bitcoin. Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC). Open standards are better According to […]
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Swiss National Bank President Thomas Jordan says stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy. Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, […]
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Will Apple’s interest in cryptocurrencies drive the next leg of the up-move? Let’s analyze the charts. Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. […]
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Chairman of the U.S. Federal Reserve Jerome Powell said that the Fed is monitoring digital currencies carefully, but not working on its own. Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment. Speaking at […]
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Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin following regulatory pushback. Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin. As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, […]
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JPMorgan analysts say Libra could face gridlock in periods of network stress and that this could have “serious macroeconomic consequences.” The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress. According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of […]
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A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token. A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token. The English-language website of the Hong Kong Economic Journal reported the […]
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