The former head of People’s Bank of China, Zhou Xiaochuan has argued that Libra would be more readily trusted if it were in the hands of an entity like the IMF. The former head of People’s Bank of China (PBoC), Zhou Xiaochuan has argued that the Libra stablecoin would be more readily trusted if it […]
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Within the decentralized nature of blockchain technology lies a chance to avoid the financial collapse rooted in the concepts of center and power. A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal […]
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International banking regulator the Basel Committee is working to establish how much capital lenders should hold to cover the risks generated by crypto exposure. Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies. Business Reporter […]
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Tether fires back at forthcoming paper that alleges that a single whale using USDT was responsible for Bitcoin’s 2017 bull run. Tether has issued a response to a recently surfaced paper that alleges that a single whale manipulated the market to cause 2017’s bull run in Bitcoin (BTC) price. The response Tether, which is behind […]
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Calibra CEO David Marcus said the firm is investigating how it can appoint an auditor to ensure that financial data and personal data from Facebook do not intermingle. Calibra cryptocurrency wallet CEO David Marcus spoke at the New York Times Dealbook Conference in New York City where he discussed the worldwide regulatory scrutiny the stablecoin […]
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The Dai stablecoin has hit its 100 million token debt ceiling ahead of an upgrade to its collateral protocol. The Dai (DAI) stablecoin has reached its 100 million token debt ceiling, meaning that there are currently 100 million Dai tokens minted. Data from Etherescan shows there are the top 100 holders of the Ethereum-based stablecoin […]
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Research claiming one Tether wallet partly sparked Bitcoin’s 2017 all-time price high misunderstands markets, says Jeremy Allaire, among other reasons. Bitcoin (BTC) price highs in 2017 were not the result of a single trader on an exchange, the CEO of payment company Circle claims. In a series of tweets on Nov. 4, Jeremy Allaire disputed […]
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The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” A […]
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Xpring, Ripple’s investment arm and tech incubator, has made an investment into smart contract platform Flare Networks. Xpring, Ripple’s investment arm and tech incubator has completed a strategic investment into smart contract platform Flare Networks. Joining the XRP ecosystem On Nov. 5, Flare Networks reported that it secured a partnership and investment with Xpring that […]
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Charity organization Oxfam announced the success of its blockchain-based delivery system of microinsurance to farmers in Sri Lanka. The United Kingdom-based charity organization Oxfam International announced the success of its blockchain-based delivery system of microinsurance to paddy field farmers in Sri Lanka. In a Nov. 4 press release, Etherisc announced that Oxfam’s blockchain-based insurance system […]
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