The meltdown in crypto valuations and the pullback in investor trading volumes, euphemistically referred to as Crypto Winter, continue to wreak havoc in every sector of the crypto community. The news today is that Bithumb, the largest crypto exchange in South Korea, has announced that it will cut back its staff from 310 employees down…
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IBM (NYSE:IBM) is going full force into blockchain and the new type of banking - one supported by cryptocurrencies. The tech giant is now onboarding six banks to issue stablecoins backed by fiat currency, all delivered through World Wire, which is an IBM payment platform that is built on the Stellar blockchain technology. These six…
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After JP Morgan Chase created its very own cryptocurrency, the JPM, tech giants such as Facebook (NASDAQ:FB) and Telegram are also thinking about creating their own digital coins in the very near future. According to press, Facebook is currently talking to different exchanges about the eventual listing of the Facebook digital coin. The speculation or…
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The Russian president is getting serious about regulation of cryptocurrencies. Russia is probably one of the most controversial countries when it comes to decisions and stance against and for cryptocurrencies. Now, however, Putin has put a new deadline for the government to adopt specific cryptocurrency regulations. The information comes from the official website of the…
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BlockDrop Inc, a provider of online legal resources targeted at the blockchain and crypto space, has revealed a partnership with Brave New Coin (BNC), a company that provides research and data services to crypto users. The alliance will enable BNC’s current users to access a huge depository of legal documents to help them maneuver through…
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The blockchain education is undoubtedly booming. Ripple, for example, has donated $50 million for a blockchain research program, which is being adopted by major universities such as Princeton and UCL. The goal of the program is to encourage blockchain research and give the opportunity for exciting new developments and partnerships. Now, the first Middle East…
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The concept of a stablecoin is not new news. The fact that Jamie Dimon, the CEO and Chairman of JPMorgan Chase (NYSE:JPM), has continually bashed Bitcoin is not new news either, nor is the fact that his bank’s developers have been silently working in the background on ways to leverage blockchain technology to the bank’s benefit.…
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The CEO of Binance, Changpeng “CZ” Zhao, is a talkative fellow and never one to shy away from expressing his opinions quite publicly. In a recent tweet, CZ expressed his consternation that more major retailers on the Internet have not begun to accept cryptocurrencies for online payments. In his tweet, CZ explained: For any internet…
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“Gong hei fat choy” or “Gong xi fa tsai”, if you prefer Mandarin to Cantonese, are the preferred ways to wish “Happy New Year” for most of the Chinese population on the planet. While these words actually wish for prosperity in the year to come, this period of the year is usually accompanied by a…
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Desperate people are known to do desperate things, but is that maxim also true for countries? Venezuela, a failing socialist state, has two competing presidents at the moment and an inflation rate of 1.7 million percent. Yes, that is correct. It is not a typo. Due to inflation and a host of other reasons, the…
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