The head of Bank of Russia said that they will consider a gold-backed crypto for settlements, but using national currencies is more important. Russia’s central bank, the Bank of Russia, will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reports May 23. Elvira Nabiullina, the head of the Bank of Russia, revealed that the […]
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Venezuela’s representative to the UN reportedly revealed that the country is working with Russia to use oil-backed coin Petro. Venezuela is considering to close mutual trade settlements with Russia using the ruble, Russian government-backed TV channel RT reports on May 17. Jorge Valero. Venezuela’s representative to the United Nations in Geneva said they are also […]
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Major U.S. crypto exchange Coinbase says they plan to help countries with high inflation by adding USDC support in 85 jurisdictions. United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase […]
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Ampleforth — the developer of a new synthetic commodity designed to diversify risk — has released an updated white paper for its digital asset protocol. Ampleforth — the developer of a new synthetic commodity designed to diversify risk — has released an updated white paper for its digital asset protocol. The paper was shared with […]
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Stablecoin project Reserve announced that it will launch a Venmo-like payments app in Venezuela and Angola. Stablecoin project Reserve announced that it will launch a crypto-fiat payments app in Venezuela and Angola in a press release shared with Cointelegraph on May 12. In the same announcement, the firm revealed that it is listing its separate […]
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All but one top 20 coins by market cap are in green, with litecoin seeing the biggest gains of around 7%. Tuesday, April 30 — following another decline yesterday, crypto markets again reversed to gain momentum upwards, with all but one top 20 coins by market cap in the green. Having skyrocketed more than 18% […]
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Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must […]
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Fundamentals of major coins are improving, while some observers say that bitcoin will hit new highs in 2020. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a […]
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Bitcoin is hovering below $5,500, down about 2% over the day but still holding firm gains over the past 7 days. Wednesday, April 24 — after hitting new highs for 2019 yesterday, cryptocurrency markets have again reversed to red, with virtually all of the top 100 coins by market cap seeing major losses on the […]
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White paper writers reportedly say they are “constantly required to fabricate and exaggerate facts.” White paper writers are earning up to $50,000 per job, according to a Decrypt investigation published on April 22— but the freelancers involved have accused some startups of misleading investors. The writers told the website as part of its two-week investigation that […]
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