Monthly Archives: August 2019

Expert: Walmart Crypto Project More Agreeable to Lawmakers Than Libra

A senior policy analyst has predicted that Walmart will have an easier time getting regulatory approval for its proposed cryptocurrency than Facebook. A senior policy analyst at investment banking corporation Cowen, Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s proposed virtual currency. As Bloomberg reports on Aug. 5, Seiberg also added that Walmart’s crypto may have a demographic appeal to Democratic legislators who are keen to find an alternative financial infrastructure for people who do not regularly […]

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Bittrex Crypto Exchange Transitions to ERC-20 Implementation of Tether

Cryptocurrency exchange Bittrex has completed switching Tether from the OMNI-based implementation of the stablecoin to the ERC-20 one. American cryptocurrency exchange Bittrex has completed switching Tether (USDT) from the OMNI-based implementation of the stablecoin to the ERC-20 standard on the Ethereum network.  Bittrex announced that USDT deposits and withdrawals are now open in a tweet on Aug. 5. The exchange had temporarily suspended USDT deposits and withdrawals while making the switch.   “Quicker, cheaper, and more inter-operable transfers” Bittrex initially announced that it would be switching protocols on […]

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US Federal Reserve Launching Payment System, Crypto Bulls Nonplussed

The U.S. Federal Reserve is planning to release a real-time payment and settlement service in order to boost the payments infrastructure in the country. The United States Federal Reserve Board is planning to release a real-time payments and settlements service in order to boost the payments infrastructure in the country. A press release published on Aug. 5 reads that the Board of Governors of the Federal Reserve System has requested that Federal Reserve Banks develop a new interbank real-time settlement service to support faster payments in the […]

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Coinbase Exploring Eight New Assets in Bid to Expand Market Access

Coinbase says it is working on support for eight new cryptocurrencies, and ultimately aims to support many more. Major crypto platform Coinbase announced today that it is exploring support for eight new digital assets. The expansion is part of a larger agenda by the exchange to give customers access to 90% of the aggregate market capitalization of all digital assets. Coinbase announced its plans in an official blog post on Aug. 5. As part of the announcement, Coinbase noted that they may roll out public-facing APIs and […]

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How Governments Steal Your Money and Conceal It Through Inflation

Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran. Also Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin Iran Cuts Four Zeros From Hyperinflated Rial According to recent media reports from Iran, the government in Tehran last week approved a […]

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Price Analysis 05/08: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, XMR

Bitcoin has resumed its uptrend. Can it break out of the recent highs? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The trade war between China and the United States intensified as China allowed its currency, the yuan, to fall to its lowest level since 2008. […]

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UK Data Protection Watchdog Raises Concerns Over Facebook’s Libra

The U.K.’s data protection authority has requested that Facebook provide details on how it will protect user data vis-a-vis the its proposed Libra stablecoin project. The U.K.’s Information Commissioner’s Office (ICO) has requested, along with a number of other jurisdictions, that the companies in the Libra Association provide details on how they plan to protect user data. The ICO has released a joint statement on global privacy expectations of the Libra network on Aug. 5 that is addressed to Facebook and 28 other organizations behind the Libra […]

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South Korean Fashion Platform Joins Terra Stablecoin Alliance

South Korean fashion platform Sinsang Market has joined the ecosystem of the Terra Alliance, a stablecoin-focused association of large e-commerce companies. South Korean business-to-business fashion platform Sinsang Market has joined the Terra Alliance ecosystem, a stablecoin-focused association of large e-commerce companies. As South Korean economics-oriented newspaper EconoNews reported on Aug. 3, the partnership between Sinsang and Terra aims to create a payment system that deploys Korean mobile payment service CHAI. CHAI utilizes Terra’s blockchain technology to ensure fraud-resistant transactions and settlements with merchants in fiat currency. Sinsang […]

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PR: Pbet Announces IEO Launch on LATOKEN

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Pbet has recently got its IEO hosted at LATOKEN exchange on its multi-asset trading platform. The company envisions to conjoin physical casinos with online casinos, thanks to its blockchain crypto-based Unified Gaming platform. Cyprus, August 5st 2019: Next-gen crypto gaming platform Pbet is delighted to announce the launch of its […]

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Circle CEO: Macroeconomic Turmoil Responsible for Bitcoin’s Growth

The CEO of crypto payments firm Circle, Jeremy Allaire, suggested that macroeconomic turmoil is responsible for Bitcoin’s recent growth. The CEO of crypto payments firm Circle, Jeremy Allaire, suggested that macroeconomic turmoil is responsible for Bitcoin’s (BTC) recent growth. During the interview with CNBC on Aug. 5, Allaire suggested that Bitcoin has become a safe haven used to store wealth in times of geopolitical and macroeconomic turmoil. Allaire stated that there is a correlation between the recent coin’s gains and the devaluation of the Chinese yuan that […]

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