“Ethereum Is The Clear Winner,” says ConsenSys CEO as MetaMask Users Grow 38x in Last Year

The Ethereum backer also raised $200 million at a $3.2 billion valuation from investors, including hedge fund Third Point and Europe’s largest bank HSBC. The post “Ethereum Is The Clear Winner,” says ConsenSys CEO as MetaMask Users Grow 38x in Last Year first appeared on BitcoinExchangeGuide.

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Cardano v. Binance Coin - Why the battle for the third spot is still in the air

As is the case with every currency, asset, security, stock, metal, bank, and whatnot, the market is always in constant competition. Competition from powerful dominators, competition from emerging undeThe post Cardano v.

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Cream Finance Offers the Attacker 10% of Stolen Fund as Bug Bounty on Return of Funds

In its post mortem of the third hack of this year, this time of $130 million, Cream Finance shared that they are working with the authorities to trace the attacker. In the hack, only the Ethereum v1 markets were impacted, and all the other v1 markets and the Iron Bank were safe, it added.

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Bank of America: Bitcoin Now 3rd Most Crowded Trade After Tech Stocks and ESG in New Fund Manager Survey

Bank of America’s latest global fund manager survey shows that “long bitcoin” is now the third most crowded trade. The most crowded trade is now “long tech stocks,” followed by “long ESG.

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Third major Korean bank joins digital asset custody market

Woori Bank has followed the lead of KB Kookmin Bank and Shinhan Bank by…

The post Third major Korean bank joins digital asset custody market appeared first on Coin Journal.

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Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud

Ricardo Salinas Pliego, Mexico’s third-richest man and founder of Grupo Salinas, sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as “gold for the modern world.

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PayPal Partner Paxos Obtains Federal Bank Charter from OCC

Paxos is the latest company to obtain preliminary conditional approval from the U. S. Office of the Comptroller of the Currency (OCC) to establish a de novo National Trust Bank. This is the third such charter issued by the OCC, the top banking regulator, to a crypto native company.

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Bahamas Ranks First in CBDCs, China’s Digital Yuan Third: PwC Report

Professional services firm PwC has given the Bahaman Central Bank Digital Currency (CBDC) the highest rank in a new report. The Caribbean island tops even China’s digital yuan, which is widely thought to be the most progressed CBDC.

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Bank of Japan Commences the First Phase of Virtual Currency Assessments

Japan’s Central Bank has begun its first testing stage involving the use of Central Bank-based Digital Currencies(CBDC), experimenting with functions like distribution and issuance. The first phase will take about one year, primed to end around the third month of 2022.

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Bitcoin is the Third Largest Currency in Circulation After USD & Euro: Deutsche Bank Report

While Bank of America is writing about “Bitcoin’s Dirty Little Secrets” and that there’s “no good reason to own BTC unless you see prices going up,” according to Deutsche Bank, Bitcoin is “too important to ignore.

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Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year

China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency.

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Shenzhen Continues CBDC Trials, Distributes Another $3 Million in Digital Yuan

The Chinese city of Shenzhen is preparing for its third test for China’s central bank digital currency (CBDC) project known as digital currency electronic payment (DC/EP), as it plans to distribute $3 million in digital yuan in a red packet event.

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Chinese city to issue $3 million in digital Yuan in pilot giveaway

For the third time, China's southeastern city of Shenzhen will issue the nation’s digital currency as part of an ongoing pilot program to test China’s central bank project among its citizens.  The post Chinese city to issue $3 million in digital Yuan in pilot giveaway appeared first on AMBCrypto.

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Chinese cities continue to promote digital yuan through festive lotteries

The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities.

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Chinese Bank Trials Digital Yuan ATMs in Shenzhen as Part of Third CBDC Test

The Agricultural Bank of China, one of the biggest banks in the country, has recently kicked off the testing of ATMs that would allow customers to convert their cash into digital yuans, according to a report by SZNews on Jan 10.

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Shenzhen Airdrops $3 Million Worth of Digital Yuan in Third CBDC Test

Popular Chinese city Shenzhen’s government had announced on New Year’s Eve that their plan to distribute $3 million worth of digital yuan to local residents, in China’s third Central Bank Digital Currency (CBDC) tests.

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Fund Managers Long Bitcoin and Short Dollar, According to Bank of America Survey

BofA's December fund manager survey finds that going long on Bitcoin is the third most crowded trade

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Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers

Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020.

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Signature Bank Gains $1B Deposits in Q3, With Notable Growth From Stablecoin Issuers

Deposits at crypto-friendly Signature Bank grew by $4.11 billion, an 8% increase, in the third quarter of 2020.

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Ripple Partner Finastra Chosen by First Independence Bank to Reach Younger Customer Base

The world's third largest financial services company, Finastra, now works with First Independence Bank to help it reach younger customers

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XRP Dances Near $0.30 While Ripple?s Partner InstaReM Joins Forces with SBM Bank India

Ripple?s partner InstaReM now collaborates with SBM Bank India to improve remittances, while the third largest coin, XRP, has almost reached $0.30

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Bank of Thailand Extends Testing Of Digital Baht; Integration With Hong Kong Later In 2020

Thailand is currently in its third developmental phase of building its central bank digital currency (CBDC), a local newspaper, and Nation Thailand reported on Thursday. The paper stated that the Assistant Governor of the Bank of Thailand, Vachira Arromdee, who said the bank is already rolling out its CBDC to large companies. The Bank of […]

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Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”

The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses.

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Less Than 1% of Australians Used Crypto to Pay for Services in 2019

Crypto is the third most familiar alternative type of payment in Australia, but less than 1% used it for payment in 2019, central bank says

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BTC-Alpha has integrated the purchase of cryptocurrency with bank cards

At BTC-Alpha, you can now purchase cryptocurrency using credit or debit cards. The purchase process is completed via a third party – the Mercuryo processing system. Fully verified users can purchase any of four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT) or Tron (TRX).

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China Loses Third Bank in Three Months as Economy Hits 30-Year Low

China’s economic growth continues to slow down, causing a number of banks to close due to difficult conditions. Hengfeng bank has become the latest to shut its doors. China’s economy has been making headlines in the last few months, and not for good reasons.

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Galaxy Digital Loses $68 Million in Q3, Blames Libra

Galaxy Digital has reported a net loss of $68. 2 million in the third quarter. The crypto-focused merchant bank suffered from tough trading conditions in crypto markets, with Bitcoin falling 30 percent since Q2.

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What Another Fed Rate Cut Means For Crypto?

For the third time this year, the US Federal Reserve has cut interest rates amid a global economic slowdown. Crypto markets did not react to the news but the outlook for the global economy is darkening as another recession looms.

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Japan’s Third Largest Bank Completes Blockchain Trade Finance Test

The third largest bank by assets in Japan, is set to begin utilizing R3's Marco Polo trade finance blockchain on a commercial basis by the end of 2019.

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Wells Fargo Accused Over Hypocrisy Over Recent Crypto Flip-Flopping

Multinational financial services company Wells Fargo has been accused of hypocrisy over its seemingly confused stance on crypto assets. Whereas the firm has previously stated that it does not allow transactions involving cryptocurrency, it now appears that the financial giant is experimenting with its own digital currency.

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Dow Slithers Higher, But ‘Shallow Recession’ Lurks

The Dow crept higher on Monday, as the US stock market began its quest to record a third straight weekly gain amid rampant trade war optimism. However, the top economist at investment bank CLSA warns that the US economy is headed for an unavoidable “shallow recession” that could place the market in a precarious position […] The post Dow Slithers Higher, But ‘Shallow Recession’ Lurks appeared first on CCN.com

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Marco Polo’s, R3 Corda, Welcomes MasterCard To Its Consortium To Boost Global Trade Via Blockchain

Marco Polo, the parent company to R3 Corda, is welcoming its third partner in as many weeks, as MasterCard joins its vast network. In August, the largest bank in Africa, South Africa’s Standard Bank, and Logwin AG, a logistics company joined the R3 Corda blockchain platform too. MasterCard Joins Marco Polo In an official press […]

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4 New Banks Join Ripple-powered SBI’s MoneyTap: Finally a Bullish XRP Price Sign?

Awa Bank, North Japan Bank, Third Bank, and one other bank joins MoneyTap The tally of banks rises to 29 banks One of the leading banking partners of Ripple, SBI Holdings has added four new banks as the shareholders in MoneyTap, bringing this tally to 29 banks.

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‘Bullish For Bitcoin’: China Bank Bailouts Spark ‘Biggest Credit Bubble In History’

Bitcoin could possible gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble. ” China Bailouts: 3 Banks, $390 Billion Taking statistics from various sources, the Twitter cryptocurrency trader and commentator known as CryptoArbitrage noted that last week’s bailout of Heng Feng bank was the third involving assets over $200 billion.

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China’s Central Bank Digital Currency DC/EP is Finally “Ready” After 5 Years of Research

At the third “China Financial Forty People Yichun Forum,” held on August 10, the deputy director of the Payment and Settlement Division of the People's Bank of China, Mu Changchun said the central bank’s digital currency DC/EP is now “ready” after five years of research.

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China’s central bank announces completion of virtual currency after meticulous planning since 2014

Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China [PBOC], recently announced at the third “China Finance 40 Yichun Forum”, that the development period of People’s Bank of China’s [PBOC] digital currency was near completion and it was “said to be ready.

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Israeli Startup Launches First Non-Custodial Wallet Without Private Keys

"Until now users had the choice between two poisons: be their own bank at the cost of complexity, human errors or hacks or trust a third party blindly."

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Stellar Lumens [XLM] follows XRP into the Golden Cross; bank coins on a bullish rise or BTC playing anchor?

It looks like the “Bank Coins,” are finally joining the party, with Stellar Lumens [XLM] taking a page from the XRP book and realizing its own Golden Cross. Earlier this week, the third largest cryptocurrency in the market marked its bullish crossover, touted as the first inkling of a bull-run.

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Ripple: SCB Thailand asks crypto-enthusiasts to wait for announcement regarding XRP adoption

The nascent field of cryptocurrencies has been seeking major mainstream adoption, especially from financial institutions. Ripple, the native company of the third largest cryptocurrency, managed to promote its services and would provide payment services to the oldest Thai bank, Siam Commercial Bank [SCB].

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Indian Bank Gets Flack Over Bitcoin Hypocrisy

“Can’t wait to see you become obsolete.” “Shame on you.” “Third class bank with 3rd grade facilities.” “Fu)k you.” “Dinosaur banks hegemony will end soon.” Those are just some of...

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Blockstream Releases First Enterprise-Grade Product on Liquid

Security tokens are coming to Bitcoin, courtesy of Blockstream. The Bitcoin and blockchain technology company announced on May 15, 2019, the final day of the Consensus 2019 conference, that Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain, is ready to go live.

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

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Debunking Bitcoin Myths: "It’s Only for Criminals"

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against BitcoinBitcoin’s core value proposition is that it is an uncontrolled, apolitical money.

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$112 Million: French Banking Giant Societe Generale Issues Massive Euro Bond on Ethereum

By CCN. com: The blockchain bug seems to have bitten French banking giant Societe Generale to a point of no return. A little over a year ago, the third largest bank in France by assets unveiled a blockchain-based trade finance platform for all its corporate clients, the we.

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Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases

Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments.

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Op Ed: We Just Launched the First Cryptocurrency-to-Tax Payment Partnership

Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.

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Nimiq Acquires 9.9% Stake in Germany's WEG AG to Become Bank's Third Crypto Firm Owner

Browser-based blockchain payments system Nimiq acquired a 9.9 percent stake in Germany’s WEG Bank AG, joining existing shareholders TokenPay and the Litecoin Foundation

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

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As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

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