Singapore’s central bank has said libra could help make payments cheaper, but warned Facebook needs to provide more information about how it will work. Singapore’s central bank has held discussions with Facebook about its upcoming libra cryptocurrency, Bloomberg reported on June 27. Ravi Menon, the managing director of the Monetary Authority of Singapore, reportedly acknowledged libra’s potential benefits […]
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Asset management firm Northern Trust gives blockchain solution to Broadridge for further development. Northern Trust has handed over its blockchain platform to fintech firm Broadridge Financial Solutions, according to a press release on June 26. The Chicago-based asset management firm Northern Trust has handed over its blockchain-based private equity (PE) management solution to Broadridge for […]
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Blockchain analysis firm Chainalysis has appointed former FinCen and U.S. DoJ official Michael Mosier as its new Chief Technical Counsel. Blockchain analysis firm Chainalysis has hired a former official from the United States Financial Crimes Enforcement Network and the Department of Justice as Chief Technical Counsel, according to a press release published on June 26 […]
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The Tron Foundation has announced a $20 million buyback plan in a bid to bolster community activity and market stability. The Tron Foundation has announced a $20 million buyback plan in a blog post published on June 25. The buyback is purportedly part of an initiative to bolster community activity and market stability. The company […]
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Why do insiders believe that health care is the ultimate use case for blockchain? Learn more about decentralized medical solutions. Contracts are good but can blockchain actually save lives? Maybe. Blockchain is already involved in tests for diagnosing medical conditions. Moreover, it is improving our daily health care routine. Many solutions that could possibly contribute […]
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Two traders are suing Mt. Gox founder Jed McCaleb, and allege he knew of “serious security risks” years before 850,000 BTC was stolen in a devastating hack. Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange, court documents filed on May 19 show. Joseph Jones and Peter Steinmetz […]
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The CEO of a crypto microinvestment startup says blockchain is a “broken promise,” with many corporations only embracing the technology to look “hip.” Blockchain is misunderstood and focus should shift to bitcoin (BTC), the CEO of crypto microinvestment startup Amber wrote in an article for SmartCompany on June 25. In the article, Aleksandar Svetski argued that many corporations […]
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Bitcoin is soaring past $12,000 for the first time since January 2018. Bitcoin price has continued its rapid growth and on June 26 it hit $12,000 for the first time in over a year, according to Coin360. Market visualization courtesy of Coin360 Bitcoin (BTC) breached the $12,000 level early this morning after mostly trading horizontally in […]
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San Francisco-based cryptocurrency exchange Kraken has raised over $13.5 million in financing on online investment platform BnkToTheFuture. San Francisco-based cryptocurrency exchange Kraken has raised over $13 million in financing on online investment platform BnkToTheFuture. Kraken has raised $13.5 million from 2264 investors, surpassing its initial target of $10.2 million purportedly due to popular demand. The […]
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The U.S. House Financial Services Committee will hear testimony about Facebook’s new cryptocurrency Libra in July. The United States House Financial Services Committee will be holding a hearing on the social media giant Facebook’s proposed virtual currency Libra on July 17, according to a press release on June 24. The announcement comes by way of […]
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