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China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin
5.11.2019
Officially Bullish on blockchain technology, China is now reportedly censoring anti-blockchain sentiment. Meanwhile, a popular Chinese app with over 100 million active users has recommended a course on bitcoin, blockchain, and smart contracts. The app is designed to teach “Xi Jinping...
Central Bank Blockchains and Corporate Ledgers Are Still Vaporware
4.11.2019
There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development. Despite the lack of producing anything worthwhile, for some...
23 Central Banks Divulge Their Digital Currency Requirements
2.11.2019
Twenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their...
French Ministry of Education Publishes Bitcoin Resource Guide for Educators
1.11.2019
As digital currencies transform the world, concepts like Bitcoin continue to percolate into academic courses and higher education worldwide. The French Ministry of National Education’s recently published economics and social sciences resource guide for teachers discusses cryptographic money...
ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’
1.11.2019
Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and...
How Bitcoin’s Peer-to-Peer Cash System Was Revealed 11 Years Ago
31.10.2019
On October 31, 2008, on the eve of Halloween, Satoshi Nakamoto published the Bitcoin whitepaper. Since then the revolutionary design of the network has changed the lives of many and has transformed how we look at money today. Also read: China Ranks 35 Crypto Projects as President Xi Pushes...
Korean Presidential Committee Pushes to Legalize Crypto
31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...
The Xi Effect – Chinese Government to Fund Blockchain Projects
31.10.2019
Chinese President Xi Jinping’s announcement that the country would invest heavily in blockchain technology – coupled with a sweeping move to remove online posts suggesting such technology is a scam – has nourished optimism long-held by crypto advocates. Of course, the reality...
Argentina’s Example Shows That You Don’t Own Your Money
30.10.2019
Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account...
China Ranks 35 Crypto Projects as President Xi Pushes Blockchain
29.10.2019
China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development...
China Should Indulge in More Blockchain-Based Development and Innovation Says President Xi Jinping
28.10.2019
Xi Jinping, the honorary President of China, has earnestly appealed for an increased requirement of development, research, and investment in the blockchain technology. The crucial statements were underlined by Xi Jinping during his interaction at the meeting of the Politburo on Thursday. While...
Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested
28.10.2019
The operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto Capital. The men behind Crypto Capital now face charges related to money laundering in Poland and the U.S. Also Read: Tether Created ‘Largest Bubble in Human...
Is China’s New Fascination With Blockchain Really Good for Bitcoin?
27.10.2019
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging...
China's President Makes Major Push for Blockchain
25.10.2019
China’s President Xi Jinping urged the country to accelerate the development of the blockchain technology due to its importance "in the new round of technological innovation and industrial transformation" of China.
The President was speaking at a group study session of the Communist Party of China...
President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain
25.10.2019
In his first major comments on blockchain, Chinese President Xi Jinping said the country should implement the technology across the economy
Polish Police Arrests Crypto Capital President on Account of Money Laundering Allegations
25.10.2019
The notoriously renowned spearhead of payment processor firm, Crypto Capital, has been arrested by the Polish police as revealed by the news articles of the local media channels. Ivan Manuel Molina Lee, who serves as the President of Crypto Capital has been charged for money laundering and drug...
Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates
24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...
Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky
12.10.2019
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed...
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Ecuador President Does Away with Fuel Subsidies
2.10.2019
In a development that could well prove to be divisive, the President of Ecuador announced on Tuesday night that the country is going to end subsidies that keep down the cost of fuel. Lenin Moreno, the current Ecuador president stated that in addition to the ending of subsidies, the government...