The recent move by Swiss regulators to licence two crypto banks is sending a message to regulators worldwide, but what are the stances of global authorities? Banking is often seen as the antithesis of Bitcoin (BTC), the very industry the nascent protocol looks to defuse and disrupt. Ironically, many banks are desperately in need of […]
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The Winklevoss-led crypto exchange Gemini has hired Noah Perlman, a former Morgan Stanley executive, as its new chief compliance officer. The Winklevoss brothers’ cryptocurrency exchange Gemini has hired Noah Perlman, a former executive at financial services giant Morgan Stanley, as its new chief compliance officer. Per an official announcement published by Tyler Winklevoss on Sept. […]
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Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin backed by a basket of commodities. Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin backed by a basket of commodities such as gold, […]
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Stablecoins have exploded in popularity in 2019 — but there are plenty of challenges that lie ahead for this type of cryptocurrency in the future. What will 2020 hold for stablecoins? Big launches and some further regulatory drama are increasingly likely. Keep an eye on Facebook and Walmart to see how their projects progress, and […]
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European Central Bank key legal official Yves Mersch said that Facebook’s Libra stablecoin is “beguiling but treacherous.” Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published […]
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Bitcoin loses support for five figures, Craig Wright ordered to pay 500,000 BTC, and China’s digital currency may be further away than first thought. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and […]
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The FSA expands its workforce to ensure cryptocurrency compliance and Hong Kong residents use Bitcoin to avoid capital controls. In the crypto space in Asia last week, new data concerning Bitcoin (BTC) use in Hong Kong shows that residents are using crypto to hedge against the possibility of capital restraints, while the Japanese Financial Services […]
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China’s central bank relies on centralization and suppression of open technologies such as blockchain, with its next step being to issue a national stablecoin. The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project. […]
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The integration of DLT technology into messenger apps is expected to drive mainstream crypto adoption, but possibly at the expense of centralization. Many cryptocurrency analysts and industry representatives are predicting that the increasing integration of blockchain payments with messenger apps will comprise the catalyst for the next wave of mainstream distributed ledger technology (DLT) adoption. […]
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Binance Venus to benefit from Facebook’s regulatory woes. Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency. In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project. He […]
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