Facebook Talks ‘GlobalCoin’ With CFTC (While Bitcoin Never Had To)

Facebook is reportedly in talks with US Commodities and Futures Trading Commission regarding the future of its GlobalCoin ‘cryptocurrency.’ Facebook In Talks With The CFTC The world’s largest social media website, Facebook, has reportedly entered into a conversation with the US Commodities and Futures Trading Commission (CFTC). According to the reports, the Chairman of the […]

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Amazon Files Proof-Of-Work Patent Using Cryptography

Amazon this week filed a US patent for a Proof-of-Work system which uses cryptography to generate Merkle trees. The Bitcoin and Ethereum networks use such ‘hash trees’ to verify the content of large data structures. Proof-of-Work as a Tool Against DoS Attacks A Merkle tree is a fundamental component of a blockchain, whereby each non-leaf node […]

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Indian Crypto Companies Are Now Helping Thailand’s Banks Instead

Indian tech multinational, Wipro, has developed a blockchain-based solution for banks in Thailand to settle dues. This comes as Indian government and banking authorities look to enact a blanket ban on all non-state-issued cryptocurrencies back home. Thai Banking System Embraces Blockchain Technology The settlement solution is a part of the first phase of Project Inthanon, which launched in […]

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Davos: IMF’s Lagarde Says Fintech Will Shake The System

International Monetary Fund Head, Christine Lagarde, told the World Economic Forum in Davos, “fintech is going to shake the system.” She also urged against relying on central banks in the next financial crisis, at the CNBC-hosted panel. Central Banks Have Very Limited Ammunition Her comments followed UBS CEO, Sergio Ermotti, saying that he hoped “we […]

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Warren Buffett’s Berkshire Hathaway Invests $600 Million in Two FinTech Firms

Despite Buffett’s blatant disdain for cryptocurrency and fintech, two $300 million dollar investments into two fintech payment firms suggest that Berkshire Hathaway may be ready to join the crypto party. A Change of Heart? On Tuesday the Wall Street Journal (WSJ) reported that Warren Buffett’s multinational investment conglomerate, Berkshire Hathaway, is reported to have invested […]

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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act […]

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BitGo Hopes You’re Hungry For A Bitcoin Wrap on the Ethereum Blockchain

BitGo yesterday announced Wrapped Bitcoin, an ERC20 token on the Ethereum blockchain, fully backed by bitcoin. The project, in partnership with Kyber Network and Republic Protocol, will launch in January 2019. And Twitter asked… Why? As we should now expect from the Twitterverse, responses were swift and brutal. Andreas M. Antonopoulos received twice as many likes […]

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Austria Falls Deeper into Debt, Turns to Ethereum Blockchain for Help

The government of Austria, like almost every other on the planet, is sinking deeper into debt. The country is planning to raise 1.15 billion euros in an auction next Tuesday. In an effort to reduce costs and increase efficiency, the bonds will be issued and authenticated using the Ethereum blockchain. Austrian finance minister Hartwig Löger […]

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Coinbase Responds to Criticism: Set to Open New Portland Office with Focus on Customer Service

Following a barrage of heavy criticism for being widely underprepared in terms of customer service, Coinbase is set to open a new office in Portland that will be focused largely on customer support, compliance, finance, IT, and HR. Failing Customer Support Coinbase, the largest cryptocurrency exchange in the US, has been the object of heavy […]

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An Electronic Bitcoin OTC Platform Has Been Built For Institutional Investors

Osato Avan-Nomayo · June 6, 2018 · 5:00 pm Jump Trading, a Chicago-based firm, has developed a digital bitcoin OTC trading platform, which it expects will  revolutionize the bitcoin trading arena for institutional investors. Electronic Bitcoin OTC Trading Jump Trading’s new platform is a significant upgrade on the usual OTC bitcoin trading paradigm. Usually, firms conduct […]

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