2018-8-5 11:15 |
Money? Commodities? Securities? Utility tokens? The world’s governments can’t agree on what cryptocurrencies really are
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Cryptocurrencies may be the money of the future, but in comparison to traditional fiat currencies, they lack a mature and diverse ecosystem of financial services. Addressing this is Compound, which launches in September, and wants to bring a functional, liquid money market to several significant cryptocurrencies.
2018-8-11 23:28 | |
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Bitcoin’s volatile history in pictures 8 show all Cryptocurrencies are quite new but the history of money is very old. Paper money is only a few hundred years old in Europe but was used a couple of thousand years ago by the Chinese.
2018-7-1 07:21 | |
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We’re close to the 10-year anniversary of the creation of Bitcoin and few would argue that cryptocurrencies and distributed ledger technology haven’t played a big role in challenging the status quo of the financial marketplace.
2018-7-1 23:00 | |
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The Congressional Budget Office calls on the US government to stop spending or risk a fiscal crisis. Unsatisfied Generation The US national debt is the total amount of money owed by the government. Governments borrow in the same way as an individual or organization, spending more money than they earn. In practice, governments borrow by […]
2018-6-30 07:20 | |
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As many cryptos such as Ripple fight to prevent their native digital tokens from being classified as securities by the SEC, other stakeholders are preparing for the worst. One of them is Uphold, a cloud-based digital money platform that allows its users to send and receive eight cryptocurrencies as well as over 30 other fiat […]
2018-6-29 23:00 | |
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The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.
2018-6-29 18:17 | |
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For people planning their financial future, Bitcoin and other cryptocurrencies represent a hedge against the current financial system. Setting Money Aside for the Future Almost everyone has heard of the importance of actively saving money for retirement.
2018-6-29 11:45 | |
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It is never too late to start planning for retirement. When doing so, most people shy away from risky (read: volatile) investments like Bitcoin, but that may be soon changing. For people planning their financial future, Bitcoin and other cryptocurrencies represent a hedge against the current financial system.
2018-6-29 09:00 | |
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“Cryptocurrencies have become a must-have attribute of a modern person,” says Vladimir Gorbunov, co-founder of Crypterium. Yet, they don’t have much use beyond trading and investment. How can we turn cryptocurrencies into real money that you can spend in the nearest supermarket? NewsBTC spoke directly with Vladimir to get the answers.
2018-6-29 03:39 | |
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The Philippines is an important country when it comes to cryptocurrencies. For the past few years, Bitcoin has made a positive impact on the local money transfer industry. This trend is only becoming more apparent, with the monthly volume holding steady near the $40 million mark. Bitcoin in the Philippines Anyone who has kept a […]
2018-6-29 21:00 | |
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Global Pay Net is an international financial platform that is based on the Blockchain technology. The company has been developing a unified service that allows each of its users to invest their money at interest, take out a loan, exchange funds and cryptocurrencies, keep their savings at a profit, and pay for goods or services using their own GLPN wallet.
2018-6-28 17:51 | |
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She responded that one person would occasionally bring up Bitcoin, then the room would clear out. Since the advent of the first cryptocurrency nine years ago, professional money managers have almost universally dismissed it as a potential investment.
2018-6-28 08:54 | |
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The value surge of Bitcoin in 2017 has piqued the interest of the financial community and raised the question as to whether cryptocurrencies will replace gold as the dominant safe haven investment. Mad Money host Jim Cramer argues digital tokens will not be replacing gold as a repository of value in the foreseeable future. Along […]
2018-6-28 01:19 | |
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The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.
2018-6-27 20:26 | |
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Bitcoin's percentage of the crypto market is up – a sign that investors are likely switching their money from alternative cryptocurrencies.
2018-6-28 18:15 | |
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Bitcoin's percentage of the crypto market is up – a sign that investors are likely switching their money from alternative cryptocurrencies.
2018-6-27 18:15 | |
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Bitcoin's percentage of the crypto market is up – a sign that investors are likely switching their money from alternative cryptocurrencies.
2018-6-28 18:15 | |
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Founder and Chairman of Alibaba Jack Ma recently spoke about his views on cryptocurrencies, declaring Bitcoin an asset bubble and saying that digital currency prices are based on speculations. Ma made these remarks after launching a blockchain-based money transfer service.
2018-6-27 22:23 | |
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CNBC’s Brian Kelly and Litecoin founder Charlie Lee both spoke out last week as Bitcoin fell below $6000 USD. CNBC’s Fast Money trader and founder of cryptocurrency investment firm BKCM LLC, Brian Kelly, says Bitcoin is “not dead.
2018-6-26 23:20 | |
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Faced with the rapid decline of their money’s purchasing power, Venezuelans have no choice but to come up with out-of-the-box solutions to offset the effects of their country’s sky-high inflation rate.
2018-6-25 20:37 | |
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The beating heart of many major cryptocurrencies is not the developers that help build them, but the community surrounding them that support crypto-brands through each inch of their life. As an overall community, cryptocurrency is full of very passionate people, though this should be no surprise given that people have their money on it being a success.
2018-6-25 16:30 | |
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Despite the recent hack on Bithumb, in which over $30 million worth of cryptocurrencies was culminated by the hackers, Brian Kelly and Charlie Lee remain ‘bullish’ on Bitcoin. This week, the South Korean exchange, one of the largest cryptocurrency exchanges, Bithumb was hacked which led to the theft of $31 million virtual currency’s.
2018-6-24 22:30 | |
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The cryptocurrency space is filled with crime. Bitcoin and other cryptocurrencies are used everyday for the dealing of contraband goods and prohibited services. Cryptocurrency Exchanges are being hacked and robbed of millions at an increasing rate, money laundering efforts are being aided by various coins, and ICO scams continue to cast doubt over the […] The post Experts say Cryptocurrency Crimes will be on the Rise this Year appeared first on ZyCrypto.
2018-6-24 21:22 | |
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While cryptocurrencies have the potential to facilitate lightning fast payments across borders, reduce the cost of minting fiat money and drastically put inflation in check, the Swiss Central Bank board director, Thomas Moser has declared that digital currencies still do not have what it takes to be a national currency.
2018-6-23 01:45 | |
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The Bank for International Settlements (BIS) dedicated a full chapter to cryptocurrencies in its 2018 Annual Economic report prerelease. The report concluded that design flaws and cumbersome cost of establishing decentralized trust make cryptocurrencies fail as a viable money substitute.
2018-6-22 21:43 | |
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The European Union, on Tuesday, published its Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843) that strengthens the organization’s rules to detect and prevent illegal routes through which money is laundered in or out of the member nations.
2018-6-22 16:27 | |
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Similar to the application of Blockchain Technology, that has changed the face of multiple sectors, DICE Money, a whole new technology based on its “Cluster Model” is bringing radical changes with the way fund-raising is perceived.
2018-6-22 13:14 | |
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Sheila Bair, a former chairperson of the Federal Deposit Insurance Corporation (FDIC), believes the U.S. should create a wholly new regulatory framework for cryptocurrencies. She went on to explain: “We are trying to jam crypto trading into state money transmission laws, it just doesn’t work. I think at some point, we will need a federal
2018-6-22 02:29 | |
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Circle CEO not only sees cryptocurrencies being here to stay, but he also sees there being a crypto version of every form or fiat money.
2018-6-21 11:04 | |
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It is no secret that the cryptocurrency market is flooded with newbies that are flocking in masses to make some money off it. They invest in all sorts of crypto-coins and ICOs, making the market accessible to all and in extension, become truly peer-to-peer.
2018-6-21 09:09 | |
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On Monday, the Bank of Korea [BOK] said that it has no plans of issuing Central Bank Digital Currency [CBDC] fearing ‘moral hazard to society’. The BOK is the central bank of the Republic of Korea, and is the sole authority that can issue the South Korean won.
2018-6-21 00:28 | |
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Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.
2018-6-21 23:05 | |
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Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.
2018-6-20 22:29 | |
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Chris Briskey, the owner of a shop in Yakima, Washington, purchased a Bitcoin ATM in April this year. Soon, the ATM began attracting those who purchase, or are interested in purchasing, Bitcoin from all over the state.
2018-6-20 17:00 | |
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Goldman Sachs CEO Lloyd Blankfein reiterated his positive stance on cryptocurrencies in an interview with Bloomberg at the Economic Club of New York, June 19. Addressing the evolution of money, Blankfein pointed out the common features between paper money and crypto, apparently implying that they both do not have intrinsic value. But based on everything
2018-6-20 15:40 | |
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CNBC Fast Money’s Brian Kelly, responding to the release of the BIS’ annual report, on Monday said that The Bank for International Settlements [BIS] and other banks are the middlemen that cryptocurrencies like Bitcoin seek to do away with.
2018-6-20 07:18 | |
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John McAfee has predicted that Bitcoin will hit $500,000, but only if he gets elected as the President of the United States. In a recent YouTube video, he has said that he plans to bring cryptocurrencies into the political world, should he be successful in his venture.
2018-6-19 12:00 | |
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Cryptocurrencies are the new big thing in the fintech industry, with possible implications for many other areas of life. No wonder a lot of organizations and individuals want to jump the train while they still can.
2018-6-18 17:04 | |
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Jeff Garzik first tuned the world into his latest venture in the fall of 2017. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late October, and the project caught the attention of Bloomberg and Fortune at the time.
2018-6-16 23:51 | |
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Reports out today highlight some insight into how Romania’s central bank, the National Bank of Romania (NBR) view cryptocurrencies. This follows an international trend that is seeing more and more central banks weigh in on cryptocurrencies, each with differing views and approaches.
2018-6-15 12:30 | |
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There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.
2018-6-14 22:01 | |
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Western Union Co. CEO Hikmet Ersek said the global money transfer service will not add a cryptocurrency transfer solution to its services anytime soon, MarketWatch reported June 13. People aren’t paying their hospital bills in cryptos.
2018-6-14 07:54 | |
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]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work.
2018-6-13 23:40 | |
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Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.
2018-6-13 20:24 | |
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Filing taxes has always been a headache. To be absolutely sure of including all the data, computing everything to the point, and calculating each figure correctly gets troublesome. It is only so troublesome in fiat money, can you imagine what it would be like to file cryptocurrency tax? Aren’t cryptocurrencies tax-free? Yes and no.
2018-6-11 16:38 | |
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A fundamental link between the world of digital currency and the long-established, traditional way of banking is Ripple, credibly designed to revamp how financial companies deal with moving money.
2018-6-11 15:00 | |
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U. S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities.
2018-6-11 22:23 | |
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With the creation of Bitcoin and its blockchain, Satoshi Nakamoto introduced an entirely new practical application for cryptography, unearthing an unexplored area for computer science and technological development.
2018-6-11 17:04 | |
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Venmo could be the ultimate cryptocurrency experience from a user-experience perspective. Any cryptocurrency that seeks to power the future of global transactions must ensure that it is supported by a payment system that is simple, user-friendly and free — like Venmo.
2018-6-11 16:51 | |
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Сенатор Элизабет Уоррен и конгрессмен Джейк Окинклосс обратились к нескольким регулирующим органам с просьбой дать правовую оценку мемкоинам, выпущенным президентом Дональдом Трампом и первой леди Меланией Трамп.
Сенатор Элизабет Уоррен и конгрессмен Джейк Окинклосс обратились к нескольким регулирующим органам с просьбой дать правовую оценку мемкоинам, выпущенным президентом Дональдом Трампом и первой леди Меланией Трамп.
Комиссия по ценным бумагам и биржам США (SEC) объявила о создании рабочей группы, которая будет заниматься разработкой нормативно-правовой базы для американского крипторынка.
Руководитель CFTC, Ростин Бенхэм, уходит в отставку в конце января. Его попытки превратить CFTC в главного крипторегулятора США тщетно провалились. За время своей карьеры он активно выступал за расширение полномочий CFTC для регулирования криптовалютного рынка.
Юрисконсульты венчурной компании Andreessen Horowitz (a16z) уверены, что после переизбрания Дональда Трампа (Donald Trump) на пост президента США, в стране будут созданы более благоприятные условия для работы криптокомпаний.
Alexandra Damsker, author of "Understanding DeFi," argues that the shifting nature of tokens means that agencies like the SEC and CFTC are incapable of regulating crypto effectively.
Палата представителей Конгресса США одобрила законопроект о криптовалюте и структуре крипторынка, распределяющий полномочия по его регулированию между надзорными органами.