Banks have already been closed for six working days due to civil unrest, with fresh information confirming they would stay that way for an unspecified time. Bitcoin (BTC) proponents are encouraging Lebanese citizens to swap fiat for crypto after it emerged the country’s banks would stay closed. Banks to open “once normalcy restored” In an […]
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David Marcus of the Libra Association reportedly said that the project would be open to using government currency-pegged stablecoins. Facebook is reportedly open to the idea of using national currency-pegged stablecoins for its forthcoming Libra project. According to Reuters on Oct. 20, David Marcus, the head of the Libra project for Facebook and CEO of […]
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G20 nations call upon the International Monetary Fund to examine the macroeconomic implications of global stablecoins. The G20 finance chiefs of the world agree that global stablecoins give rise to a set of public policy and regulatory risks. On Oct. 18, Reuters reported that the G20, an international forum for the governments and central bank […]
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German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Libra. German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Facebook’s Libra stablecoin. At the International Monetary Fund and World Bank fall […]
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FATF has concerns over Libra’s potential use in money-laundering if Facebook’s proposed stablecoin is to become widespread. Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s Libra and other stablecoins. Mass adoption of such currencies could hinder efforts to detect and stamp out […]
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For the past decade, crypto has been associated with illegal activities, and politicians have stayed away. Is the perception now changing? A Reuters report published on Oct. 8 claimed that Japan’s internal affairs and communications minister, Sanae Takaichi, confirmed to ministers in the country that crypto donations are not subject to financial regulations. However, in […]
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Have you ever thought about how big crypto transactions affect the crypto markets? Learn more about whale movements here. Has the crypto industry developed any type of solution for such transactions? Crypto auctions, algorithmic trading and over-the-counter (OTC) desks are designed to transfer large amounts of crypto. In cases when you want to trade your […]
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A now-viral post by a Chinese cryptocurrency trader has highlighted the stark drop in the price of American sneaker-backed tokens in the wake of the NBA-China fallout. A now-viral post by a Chinese cryptocurrency trader has highlighted the stark drop in the price of American sneaker-backed tokens in the wake of the fallout between the […]
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The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider Cryptoindex. The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider Cryptoindex. The news was revealed in a press release shared with Cointelegraph on Oct. 15. Neural network-based analysis CIX100 is […]
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The Libra Association has formed a five-member board and set ground rules for its governance today at a meeting in Switzerland. The Libra Association, the governing body of Facebook’s proposed stablecoin, held its inaugural meeting today in Geneva, Switzerland. According to a report from Reuters on Oct. 14, the consortium reaffirmed their interest in creating […]
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