Monthly Archives: July 2018

FCA Chooses Blockchain Companies for Fourth Cohort of Regulatory Sandbox

The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U.K., has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post. Of the 29 firms selected, about 40 percent of them are blockchain focused. The sandbox’s cohort 4 is a regulatory environment where firms can test innovative products, services or business models in a controlled environment with real customers. Businesses can test out […]

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EU Banking Regulator Reports on Institutional Opportunities and Risks of Implementing DLT

A European regulator has released a report on DLT usage in the financial sector, stating that the technology still struggles with legal uncertainty. The European Banking Authority (EBA) has published a report, which analyzes the opportunities and risks emerging for financial institutions in using distributed ledger technology (DLT). In the report released July 3, the banking regulator analyzes the impact of fintech and DLT on financial institutions, examining two DLT use cases in international trade and so called “digital identity.” The EBA defines “digital identity” as the […]

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Head of Russia’s Top Bank: the State Will Keep ‘Centralized Role’ in Money Emission

Bitcoin will not see wide global adoption as a fiat alternative due to states’ desire to keep money centralized, says Sberbank’s CEO Herman Gref. The CEO of Russia’s largest state bank Sberbank, Herman Gref said he could not yet foresee governments “yielding their centralized role” in fiat currency creation as part of his comments on cryptocurrency. Speaking to reporters during the Astana Finance Days international conference in the Kazakhstan capital July 4, Sberbank’s Herman Gref repeated the comments he has made “many times” about cryptoassets’ future role […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, July 04

The crypto markets have rebounded somewhat, with a long-term Summer rally is still not very likely. But what to expect in the short term? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. What is the future? Cryptocurrencies, gold or fiat currencies? The debate rages on. The traditional investors […]

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Indian Crypto Exchanges Drop Fiat Support as Banks Close Their Accounts per RBI Ban

Cryptocurrency exchanges in India have one by one announced the shut down of their fiat deposits and withdrawals as banks start closing their accounts per RBI’s crypto banking ban. Meanwhile, they are trying to educate the central bank in hopes of easing the ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI Ban Going Ahead The Supreme Court of India heard a petition against the crypto banking ban by the Reserve Bank of India (RBI) on Tuesday, July 3. However, it did not grant a […]

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Viber Is Latest Communications App Considering Support for a Native Token

Following the actions of competing communications apps like Telegram, Line and Kik, the latest hoping to enter the cryptosphere is Viber. The firm is considering support for a native token that will be launched by its parent company, Rakuten Coin. Also Read: Israel Tax Authority Convinces Local Exchange to Report Big Traders Viber Rakuten Coin Viber is an instant messaging and voice over IP app originally developed in Israel. It was bought by the Japanese online giant Rakuten in 2014 for $900 million, and now has over a billion […]

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EOS RAM Prices Skyrocket Amid Network Speculation

Prices for RAM on the EOS network skyrocketed this week, reaching as high as almost 920 EOS (around $8,160 to press time) per 1MB of RAM. Prices for RAM on the EOS network have skyrocketed this week, reaching as high as almost 920 EOS (around $8,160 to press time) per 1MB of RAM, as data from MarketstackD.io indicates today, July 4. EOS Ram Buying Calculator. Source: MarketstackD EOS is a cryptocurrency token and an infrastructure for decentralized applications (DApps). As of press time it is the 5th […]

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Get Yourself a Mustang, American Custom Car Builder Now Accepts Bitcoin

Forget about a Lambo and get yourself a Mustang. An American custom car builder now accepts payments for its built-to-order and officially licensed vehicles in bitcoin and additional cryptocurrencies, including BCH, BTC, LTC, ETH and more. Also Read: Decentral Launches Its New Crypto Wallet Jaxx Liberty in Beta Made in America Muscle Car Classic Recreations is a Yukon, Oklahoma based custom car builder licensed by Ford Motor Company and Shelby American to fabricate licensed Ford Mustang restorations and continuation cars. It recently announced that, in an effort […]

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Behind BTCC’s Revamp: Feeless Trades for Three Months, Native Token on the Horizon

BTCC relaunches exchange by offering three months of feeless trading and reward-points system that will be converted into native tokens in the future. Eight months after it shut its doors, the oldest Chinese cryptocurrency exchange, BTCC, is now up and running, with an ambitious rewards system that aims to attract more users to the platform. Formerly known as BTC China, the company was basically forced to cease its cryptocurrency exchange amid a crackdown on Bitcoin and cryptocurrency trade in China toward the end of 2017. While the […]

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Israel Tax Authority Convinces Local Exchange to Report Big Traders

Tax agencies around the world keep applying pressure on bitcoin and crypto companies to make their operations transparent to them. The latest example comes from Israel, where a local exchange with over 50,000 clients has been convinced to report its bigger traders to the national tax authority. Also Read: Decentral Launches Its New Crypto Wallet Jaxx Liberty in Beta Bits of Gold to Report to Tax Authority Tel Aviv based cryptocurrency exchange Bits of Gold has agreed to report on its ‘heavy’ users to the Israel Tax Authority, according […]

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