Monthly Archives: January 2020

People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan

China’s central bank reports that it is “progressing smoothly” with its development of a government-backed digital currency. China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing  smoothly” with its development of a government-backed digital currency. The bank issued its statement during a working conference held in Beijing from Jan. 2–3, according to an official news release published yesterday, Jan. 5.  Five years in the making As reported, China has devoted five years of research and system development work to its forthcoming central […]

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ISIKC – Where Deep Traditions Meet Innovation

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. ISIKLAR HOLDING, a company with deep traditions and a long history of doing business, has decided to create Isiklar Coin (ISIKC). The coin is meant to serve the numerous suppliers and long-term partners of the ISIKC Platform. The idea of ISIKC is to implement a customer loyalty program, using the […]

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US SEC Settles in Long-Running Fraud Case Against Longfin CEO

Longfin CEO agrees to a $400,000 settlement in a long-running fraud case with the Securities and Exchange Commission. The United States Securities and Exchange Commission (SEC) announced that it has agreed to a settlement with the CEO of purported cryptocurrency company Longfin in a statement, Jan. 3. Venkata Meenavalli agreed to pay $400,000 in disgorgement and penalties to resolve the SEC’s fraud action against him, subject to court approval. The SEC’s complaint alleged that Longfin and Meenavalli falsely claimed that the company was based in the U.S. […]

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Bitcoin Price Clears $7.5K After Overnight Dip Fills CME Futures Gap

Having dropped to below CME Futures’ latest weekly close, Bitcoin rose back to challenge $7,600, but analysts think progress will stall. Bitcoin (BTC) trudged closer to $7,600 on Jan. 6 after an overnight dip failed to trigger a sustained sell-off. Cryptocurrency market daily overview. Source: Coin360 BTC range suggests few surprises Data from Coin360 and Cointelegraph Markets put the largest cryptocurrency back over the $7,500 mark on Monday, with 24-hour highs hitting $7,550. Previously, BTC/USD had lost support at $7,450 and fallen to lows of $7,330, but […]

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Qatar Financial Centre Puts Blanket Ban on Cryptocurrency Businesses

The Qatar Financial Centre — a business development jurisdiction in the country — has introduced a blanket bank on crypto-related businesses. The Qatar Financial Centre Regulatory Authority (QFCRA) announced that virtual asset services may not be conducted in or from the Qatar Financial Centre (QFC). The regulator announced the new measures in a tweet published on Dec. 26, stating that authorized firms are not permitted to provide or facilitate the provision or exchange of crypto assets and related services until further notice. The QFCRA warns: “The Regulatory […]

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Stablecoins Are Crypto’s Version of Fractional Reserve Banking

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, is the reality that some stablecoins are harmful to bitcoin adoption. A kind of fractional reserve banking 2.0. Also Read: Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of […]

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Telegram Attacks SEC, Bitmain Chaos, BTC ‘Easily’ $50K: Hodler’s Digest, Dec. 30–Jan. 5

Telegram says the SEC is on an “unfounded fishing expedition,” and Google Play lifts MetaMask ban. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SEC on “unfounded fishing expedition,” Telegram lawyers tell judge Telegram’s lawyers haven’t had a quiet start to 2020. A judge gave them less than a single […]

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