Venezuela is leading the crypto peer-to-peer BTC trade market, despite government efforts to drive adoption of its oil-backed cryptocurrency, Petro. For the entirety of cryptocurrency’s short history, Venezuela has been seen to be among the most striking example of the need for the utility. The South American country has hosted escalating political tension for years, […]
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The U.S. congressional hearings on Libra may determine the future of the project. Here is what regulators think about Facebook’s crypto… This week is crucial for the future of Libra: Facebook’s cryptocurrency project will be subject to two back-to-back hearings in the United States Congress. First, the Senate Banking Committee will discuss the token on […]
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A consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020. A consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020, English-language local media Korea Times reports on July 14. Per the report, the participants are financial services firms KEB Hana Bank, […]
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The Iran-U.S. cold war spills into blockchain: Can America really stop Iran from mining Bitcoin? If there’s one thing the United States has had a history of, it’s imposing sanctions on its enemies. Venezuela, Cuba, North Korea, Russia and numerous other nations have been subject to restrictions and penalties over the years, with the U.S. harnessing […]
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China should learn from Hong Kong and Facebook as it develops its own sovereign digital currency, a former central bank governor says. A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11. Zhou Xiaochuan, […]
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A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities… While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often […]
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The People’s Bank of China, the country’s central bank, is reportedly developing its own digital currency in response to Facebook’s Libra. China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported […]
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Bitcoin vs. altcoins: Why some cryptocurrencies are more overpriced than others. The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the Bitcoin (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated […]
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Jeremy Allaire, CEO of payments company Circle, said that Facebook’s Libra will run in a closed-loop permission scheme, requiring a different regulatory approach. Jeremy Allaire, co-founder and CEO of payments company Circle, said that Facebook’s Libra will run in a closed-loop permission scheme that has its own requirements for regulation during an interview with Bloomberg […]
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Stratis Group Ltd has launched the first smart contracts on Microsoft’s .NET architecture. Developers can now write smart contracts in C# on Microsoft’s .NET architecture. Blockchain development firm Stratis Group Ltd has launched the first smart contracts on Microsoft’s .NET architecture, according to a press release shared with Cointelegraph on July 3. The company has […]
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