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Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises
16.7.2020
The overall market capitalization of all 5,700+ cryptocurrencies in existence lost around $10 billion during the overnight trading sessions. Most crypto assets have lost 2-5% in value during the last 12 hours, and a number of speculators blame the recent Twitter hack. The price of bitcoin (BTC)...
Cypherium CEO Predicts CBDC Cross-Border Payments ‘Soon’
16.7.2020
Cypherium’s founder predicts that adoption of CBDCs for cross border payments will happen sooner than expected
European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States
16.7.2020
British digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the U.S. Users in 49 U.S. states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said. They can also store their digital assets...
LIVE COVERAGE: Join Us as We Discuss the Ongoing Twitter Hack
16.7.2020
Cointelegraph is going live to discuss the ongoing Twitter attack
Fidelity Digital Assets to Hold Bitcoin Private Keys for Kingdom Trust Clients
16.7.2020
The enterprise-grade bitcoin custody and crypto management service, Fidelity Digital Assets has revealed a recent partnership with the firm Kingdom Trust. The new alliance provides individual retirees with the ability to safeguard their bitcoin private keys alongside self-directed IRAs. The crypto...
The Bahamas Edges Closer to Hurricane-Proof Digital Currency
15.7.2020
The Bahamas is betting that its mobile phone-based digital currency could be the key to faster post-disaster economic recoveries
New Grayscale Report: Digital Assets Fund Adds $905M in Record Quarter
15.7.2020
Grayscale Investments Q2 report shows a record $905 million inflow as institutions continue to move into Bitcoin, Ethereum and other digital assets
CFTC Committee to Hold Remote Meeting on DLT and Digital Currencies
15.7.2020
An upcoming U.S. Commodity Futures Trading Commission, or CFTC, advisory group meeting will host talk on a number of topics, including Distributed Ledger Technology, or DLT, digital assets and trading
How a Digital Dollar Can Make the Financial System More Equitable
15.7.2020
Digital dollars can promote a more inclusive financial system, or they can contribute to already-growing economic inequality in the U.S
Blockchain Bites: BitLicense Feedback, Digital Yuan Trial and How US Bills Could Threaten Privacy
15.7.2020
A mega food retailer may trial the digital yuan, an a16z alum is launching a VC firm focused on distributed tech and Ethereum's new client is "basically ready."
Yield Farming Expands From Finance to Digital Collectibles
15.7.2020
Fresh new soils can now be tilled for yield on Ethereum: the world of digital collectibles. NFT site Rarible is issuing a governance token
Japan Is Seriously Considering a Digital Yen: Report
15.7.2020
As rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year's policy agenda
China to Test Digital Yuan on Food Delivery Platform With 435 Million Users
15.7.2020
China’s central bank may test digital yuan on Meituan Dianping’s food delivery platform with 435 million users
CBDC Week: Another G7 Country Mulls Joining Digital Fiat Race
15.7.2020
After the UK admitted it is mulling digital fiat plans this week, the Japanese government has also announced that it is considering the launch of a central bank digital currency (CBDC).
Per Nikkei, the cabinet is set to make a formal decision on whether or not it will include the issuance of a CBDC...
China to Test Digital Yuan on Tencent-Backed Food Delivery Platform
15.7.2020
Now three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative
Blockchain-Free CloudCoin Claims Secure Email-to-Email Transactions
15.7.2020
A new digital currency called CloudCoin sets out to address some of the main issues with the current batch of cryptocurrencies by removing the blockchain technology
NYDFS Chief Calls Industry Reaction to BitLicense Changes ‘Beyond Positive
15.7.2020
NYDFS Superintendent Linda Lacewell said she decided to review the regulator's landmark virtual currency license in light of its impending 5-year anniversary
Another Chinese Giant, Meituan Dianping, Might Test Digital Yuan – Report
15.7.2020
The rollout of China’s much-discussed central bank digital currency (CBDC) is getting one step closer, as the People’s Bank of China (PBoC) – the country’s central bank – is said to have entered into discussions with a giant online food delivery platform for a trial of the digital yuan.
Citing...
Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey
15.7.2020
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time...
Survey: 60% of Bitcoin Investors Will Die With Their BTC If Price Stays Below $10,000
15.7.2020
About 60% of bitcoin investors are willing to hold their coins until they die if the price fails to breach the key $10,000 level. Now that’s according to a Twitter poll by Peter Schiff. The gold-bug asked bitcoin ‘hodlers’: “How much longer does the price of #Bitcoin have...