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Bitcoin's limited capacities may be hindering journey towards bankless economy

A bankless world seems exciting. There's no central authority keeping track of transactions, there's no identity leak, and everything is under individual control. However, as many still see Bitcoin asThe post Bitcoin's limited capacities may be hindering journey towards bankless economy appeared first on AMBCrypto. дальше »

2020-4-23 18:30


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Argentina: Central Bank Tests Blockchain Settlement Solution

Argentina’s central bank in partnership with blockchain development firm IOV Labs is testing out a blockchain-based institutional solution for payment settlement and improved traceability. Argentina’s Central Bank Leverages Blockchain Technology According to Fintechzoom, South-American blockchain heavyweight IOV Labs has developed a proof-of-concept roadmap based on its RSK Smart Contract. дальше »

2020-4-22 00:07


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Is Bitcoin Digital Gold? The Federal Reserve Tears Narrative With New Report

If you’ve been following Bitcoin for any period of time, you likely know of the narrative that the cryptocurrency is some form of “digital gold.” The idea goes that because the asset has similar fundamental characteristics to the precious metal — both are decentralized money, scarce and hard to create, not controlled by a central authority, globally-accepted, and fungible — Bitcoin will become a gold-like asset with time, both in size and price action. According […] дальше »

2020-4-20 13:00


Banks’ 1Q Earning Report Reveals They Are Stockpiling Cash in Anticipation of a “Severe Recession”

With interest rates plummeting below zero and the central banks printing money like crazy, it is believed bitcoin is finding new users in those looking to escape the uncertain financial system. These new investors are apparently using BTC as a safe haven as their confidence in the traditional market wavers. With money continuing to lose […] дальше »

2020-4-20 15:31


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South Africa: Government Panel Proposes Strict Crypto Regulations

An intergovernmental panel in South Africa comprising the central bank, treasury, and financial regulators is calling for the enactment of strict crypto regulations in the country. Strict Crypto Policing in South Africa In a paper published by the Intergovernmental Fintech Working Group (IFWG) in South Africa, the government panel argued for the establishment of aRead MoreRead More. дальше »

2020-4-18 17:00


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Agricultural Bank of China Rolls Out Test App for the Prospective Digital Currency, DC/EP

China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic. This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP. дальше »

2020-4-15 17:18


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Alleged Crypto Yuan Images Leak Online as China Finalizes Blockchain Coalition

China is not slowing down in its blockchain ambitions and is in the final stages of the formation of a new coalition dedicated to the technology. The launch of its highly anticipated central bank digital currency has also been stepped up as leaked screenshots of the DC/EP app reveal that it could already be in […] The post Alleged Crypto Yuan Images Leak Online as China Finalizes Blockchain Coalition appeared first on BeInCrypto. дальше »

2020-4-15 10:40


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Could Zero Fractional Reserves Cause a Bank Run?

Central banks around the world may be in trouble as global economies struggle under increasing pressure from an inactive workforce. Fractional reserves for banks have been set to zero — so what does this mean? March 2020 will go down in history as the month that another economic and financial crisis was triggered by the […] The post Could Zero Fractional Reserves Cause a Bank Run? appeared first on BeInCrypto. дальше »

2020-4-15 08:52


Brazil’s PIER Data Sharing Platform Runs on JP Morgan’s Quorum Blockchain; At A Cost of $250K

Brazil’s financial watchdogs will start using a shared blockchain platform dubbed ‘PIER’ to enhance the transfer of information amongst the institutions. This initiative was launched in April with the major stakeholders being Banco Central do Brasil (BCB), insurance regulator (SUSEP) and the securities authority, CVM. дальше »

2020-4-11 16:35