Monthly Archives: January 2020

Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable�

At the World Economic Forum in Davos at a digital currency-centric panel, Calibra’s David Marcus focused on the issues of the unbanked as the primary use case. At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of digital currency, these discussions are key to innovate cross-border payments and solve the issue of the unbanked. Retail CBDCs for consumer access Benoît Coeuré, head of the Bank of International Settlements’ Innovation […]

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BIS: No Evidence of Mass Transition From CBDC Research to Pilots and Experiments

The Bank of International Settlements’s new survey revealed that only 10% of central banks are likely to issue a CBDC for the general public in the short term. A new survey from the Bank of International Settlements (BIS) revealed that only 10% of central banks are likely to issue a central bank digital currency (CBDC) for the general public in the short term. According to a report the BIS shared with Cointelegraph on Jan. 23, the bank surveyed 66 central banks from around the world to investigate […]

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BCH Script Meeting Aims to Enhance the Programming Language in Bitcoin Cash

Bitcoin Cash developers actively participate in video meetings in order to discuss the ongoing development of the BCH ecosystem. BCH software engineers met for the first time in 2020 last Thursday to examine the May upgrade and specification work. Following the meeting, on January 23, BCH developers will sit down again to address practicable optimizations to the script language in Bitcoin Cash. Also read: Meet Nimbus, a Concept for Enhancing BCH Smart Contracts Bitcoin Cash Script Enhancements BCH developers plan to converse about improving the script language […]

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Industry Leaders at Crypto Valley Summit See Major Role for Blockchain in Traceability

At the World Economic Forum in Davos, Switzerland, aiding sustainability through supply chain tracking via blockchain is one of the more discussed topics. At the Crypto Valley Summit during the World Economic Forum in Davos, ecological sustainability for the future is one of the primary talking points. Even though blockchain is on the fringes of global discussion, several experts see its usage in traceability as one of the key technologies for improving sustainability. Industry’s current applications Supply chain blockchain solutions allow tracking of the entire production chain […]

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Greece Extradites Alleged Launderer of $4B BTC Alexander Vinnik to France

Greece’s Council of State ruled to extradite former operator of now-shuttered crypto exchange BTC-e Alexander Vinnik to France, against the wishes of Russia. Greece’s Council of State ruled for the extradition to France of former operator of now-shuttered crypto exchange BTC-e and Russian national Alexander Vinnik. English-language local news outlet Greek Reporter reported on the court’s decision on Jan. 23. Yesterday, Russian news agency TASS reported that Russian Foreign Minister Sergey Lavrov protested: “The decision to extradite him to France is inadmissible as long as no explanations […]

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Chiliz Launches Crypto Exchange for Trading Sports Fan Tokens

Malta-based sports blockchain venture Chiliz is launching a cryptocurrency exchange for sports and entertainment tokens. Malta-based sports blockchain venture Chiliz is launching a cryptocurrency exchange for sports and entertainment tokens. In a press release shared with Cointelegraph on Jan. 23, Chiliz detailed that the new exchange — Chiliz.net — will roll out in February after the beginning of Fan Token Offerings​ ​for all of the ​Socios.com​ partner teams​. Socios.com is a tokenized fan-voting platform for sports powered by Chiliz tokens (CHZ). Chiliz.net will be fully integrated with […]

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Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing

India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable than trying to tamper with the chain.” Also read: Crypto vs RBI — 3 Days of Intense Supreme Court Hearings RBI in Hot Seat, Ban Can’t Stop Crypto The Indian supreme court resumed […]

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Deloitte Approves Gemini Crypto Exchange in High-Level Security Evaluation

Gemini becomes the first crypto exchange and custody service to complete the SOC 2 Type 2 security inspection. U.S.-based crypto exchange and custodian Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security. “The Type 2 is the highest level of security compliance that any organization can demonstrate,” Gemini’s head of risk, Gemini Yusuf Hussain, told Cointelegraph in an interview about the Jan. 23 announcement. Compliance focus In preparation for its SOC 2 Type 2 evaluation, Gemini achieved its SOC 2 Type 1 inspection […]

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Crypto Exchange Liquidity and Why It Matters, Explained

Exchange liquidity is affecting every trade you make. From slippage to technical analysis accuracy, understanding a trade’s liquidity environment is key to a successful strategy. What are risks and possible benefits associated with low liquidity? We’ve discussed at length the benefits of higher liquidity and some of the risks of low liquidity, but it’s worth making those risks explicit, as well as mentioning some of the potential benefits of low liquidity for a trader. Fundamentally, lower liquidity leads to less stable prices for an asset, meaning that […]

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Disgruntled Employee Stole Bitcoin from Japanese Project Vipstarcoin

One disgruntled employee and his accomplice stole hundreds of thousands of dollars from a Japanese project’s Bitcoin wallets because of disagreements with management. Two men have been arrested in Tokyo on suspicion of defrauding IT firm Vipstar Inc. from hundreds of thousands of dollars in Bitcoin (BTC), Mainichi reported on Jan. 23. One of the suspects is a former employee who used his access to steal money from a trading fund. Yuto Onitsuka and Takuma Sasaki are accused of stealing 78 million yen (approximately $712,000) from Vipstar, […]

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