The U.S. House of Representatives Committee on Financial Services requested Facebook to immediately stop the development of the Libra stablecoin. The United States House of Representatives Committee on Financial Services requested Facebook and its partners to stop the development of the Libra stablecoin In a July 2 letter addressed to Facebook CEOs Mark Zuckerberg and […]
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Facebook is reportedly seeking a New York BitLicense to comply with state regulations pertaining to Libra. Social media giant Facebook has applied for a cryptocurrency business license to use its announced virtual currency Libra in New York, according to a report by Reuters on June 28 New York requires a special license for crypto operations […]
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Switzerland-based online bank Dukascopy is developing its own Ethereum blockchain-based stablecoin. Switzerland-based online bank Dukascopy is developing its own Ethereum blockchain-based stablecoin, according to the white paper published on June 27 Per the document, Dukascopy intends to issue ERC-20 stablecoins dubbed “Dukascash” pegged to the euro, Swiss franc, and U.S. dollar, and gradually increasing the […]
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European Union banks may have an instantaneous payments system in place by 2020. European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered […]
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Crypto asset manager Bitwise licensed its crypto index to Amun AG to launch a new crypto ETP on the Swiss SIX Exchange. Crypto asset manager Bitwise has partnered with Swiss fintech startup Amun AG to launch another multi-crypto-based exchange-traded product (ETP), according to a press release on June 26. Bitwise’s index calculation subsidiary, Bitwise Index […]
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Principal Swiss stock exchange SIX has asked the country’s central bank for to issue a stablecoin for settlements. Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26 Per the report, the crypto asset would be used to settle payments on its new digital […]
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Ex-Trump advisor and conservative economist Stephen Moore has joined a stablecoin project that aspires to function as a new type of ‘crypto central bank.’ Stephen Moore — the economist who advised Trump on his tax cut policy and made an aborted Trump-backed bid to join the United States Federal Reserve board — has joined a […]
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Data from Google Trends’ search analytics resource indicates that interest in ‘bitcoin’ is approaching a monthly high as of today, June 24. Data from Google Trends’ search analytics resource indicates that internet googling of ‘bitcoin’ (BTC) is approaching a monthly high as of today, June 24. According to the data, searches for bitcoin are continuing […]
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The Bank of International Settlements warns that financial services offered by big tech firms such as Facebook, Google and Amazon could create new risks for the banking sector. The Bank of International Settlements (BIS) has warned that the financial services poised to be offered by big tech firms such as Facebook, Google and Amazon could […]
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PwC announced its cryptocurrency auditing software solution that supposedly understands how the blockchain works. Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool […]
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