JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure. According to a claim by Harvard Business Review, blockchain will do to banks what the internet did to the media. When it comes to the banks and financial organizations of today, blockchain has the potential to […]
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Bitcoin price manipulation, money laundering and racketeering are just some of the complaints against BitMEX, but is there any merit to them? BitMEX, one of the most popular derivatives exchanges in the cryptocurrency market, has come under fire with accusations of being purposefully designed to facilitate “a myriad of illegal activities.” The accusations were made […]
Continue ReadingExperts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines. Following a big-time update to its white paper in mid-April, the Libra Association has over the past couple of weeks made a string of striking new additions to its core governance team, including appointing Robert Werner as its […]
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Telegram has dropped its appeal against a U.S. federal court’s injunction that forbade Gram distribution, putting a halt to the TON project. Telegram has withdrawn its appeal against a United States federal court’s injunction that froze Gram token issuance and distribution, according to court documents dated May 22. The move seems to suggest that the […]
Continue ReadingCheck out this week’s Bad Crypto News. It’s been a good week for Bitcoin. The halving doesn’t seem to have done the top cryptocurrency any harm at all, with the dollar value up more than 8 percent over the previous week. Ethereum is up more than 10 percent which just shows that the opportunity for […]
Continue ReadingThe centralized financial system has compromised itself several times during the last two decades alone, and now it’s time for a serious change! Did you notice the song that Christian Bale’s character was jamming out to in his office when his partner came in to pull the money in The Big Short? Well, it happens […]
Continue ReadingAs Telegram learned, regulators in the U.S. are a major barrier to new projects looking for funding anywhere in the world. The United States Securities and Exchange Commission’s vigor in pursuing initial coin offerings, or ICOs, has become a major boogeyman within the crypto community. Most recently, the case against Telegram ended with that company […]
Continue ReadingThe launch date of China’s long-awaited digital yuan remains a secret, creating space for potential fraud. With the official release date of digital yuan being kept in the dark, third-party actors have stepped in to impersonate the digital yuan officials, hoping to attract gullible investors. A recent press statement issued by a company called Yuan […]
Continue ReadingLocal authorities reopen the case against lenders who reportedly refuse to work with cryptocurrency firms. Brazilian banks that have denied service to cryptocurrency companies are now being scrutinized by local authorities, according to a recent report from Folha de São Paulo. On May 20, the Administrative Council for Economic Defense, or CADE, voted to reopen […]
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The French central bank has announced the first successful test of a digital euro. Per a May 20 announcement from Banque de France, France has become the first country to successfully trial a digital euro, operational on a blockchain, following a call for new technology to back such a development at the end of March […]
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