Interros Group and Sberbank in partnership have carried out an OTC foreign exchange repo deal on blockchain. Sberbank and Interros Group have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reports Nov. 30. The Interros Group is a Moscow-based private equity firm founded by […]
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A recent study by Clovr has revealed that the media coverage of digital currencies spiked when the market slumped over the past five years. A recent study by blockchain-oriented research firm Clovr found that cryptocurrency coverage in the mainstream media spikes when the market drops off. The analysis tracked the correlation between coverage on crypto […]
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After the market crash, Bitcoin has soared back above $4,000, with all major cryptocurrencies seeing strong growth. Wednesday, Nov. 28: After the dramatic Nov. 14 market dump, cryptocurrencies are staking major recoveries across the board, with all of the major coins seeing significant growth and scattered assets sealing double-digit gains, as data from Coin360 shows. […]
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Al Hilal Bank has completed “the world’s first sukuk transaction” using blockchain technology. Al Hilal Bank, based in Abu Dhabi, the United Arab Emirates (UAE), has announced it has completed “the world’s first sukuk transaction” with the use of blockchain technology, Reuters reports Nov. 26. Sukuk, a legal instrument also known as “sharia compliant” bonds, […]
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Binance, the world’s leading crypto exchange, will use Refinitiv’s KYC product in their internal processes. Cryptocurrency exchange Binance will use an automated Know Your Customer (KYC) application provided by financial software firm Refinitiv, according to an announcement published Nov. 20. Binance personally confirmed the use of Refinitiv’s software to Cointelegraph. Formerly the Financial & Risk […]
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The cryptocurrency market crash has eased pressure on the U.K.’s financial regulator to introduce hasty new rules for the sector. The cryptocurrency market crash has eased pressure on the U.K.’s financial regulator to introduce hasty new rules for the sector, Reuters reported Nov. 20. As Reuters outlines, the U.K.’s Financial Conduct Authority (FCA) had been […]
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Per a recent study by Chainalysis, Bitcoin usage as a payment method dropped by 80 percent from January to September 2018. Bitcoin (BTC) use for commercial payments has reduced significantly this year, according to a study by Chainalysis cited by Reuters Nov. 20. To prepare the study, Chainalysis reportedly surveyed 17 Bitcoin payment processors. The […]
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Mining hardware manufacturers invent new ways to increase their competitiveness and tackle miners’ interest decline as September was the first month when private miners’ profits went into the negative. A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still […]
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The head of the IMF suggests looking into central bank issued digital currencies, while a Swiss stablecoin gets Sharia certified. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more […]
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Details of Russia’s national stablecoin have surfaced. On November 7, the chairman of Russia’s State Duma Committee on Financial Markets announced details of the “CryptoRuble,” a long-discussed government cryptocurrency project. Specifically, the official said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble, but in a digital space. Russian […]
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