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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The blockchain space is exploding with full force. Now, besides financial institutions, fintech and technology companies are racing to introduce new blockchain and crypto-related products to offer to their clients. It really seems that the more blockchain-oriented a company becomes, the better it serves the growing tech needs of its customers. No exception to the…
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Innovations in the blockchain space continue with full force. Blockchain technology has disrupted the level-playing field for almost all industries: from pharmaceuticals to real estate to telecommunications. Yet, blockchain can also help the stock market, it turns out. The latest development in the blockchain space comes from the blockchain app Abra. The company is a…
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Aston Martin Red Bull Racing is officially the first Formula 1 team to agree to a special sponsorship deal with a major cryptocurrency, after announcing a partnership with FuturoCoin. FuturoCoin is now the official sponsor for Red Bull for the 2019 F1 Season. This makes it the first team to have that kind of deal…
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Analysts are still grappling with the reasons why the crypto market shed nearly $10 billion of market cap last week. Bitcoin, the market leader by far with a 53.4% market share, had suddenly slid from over the $3,500 threshold down to below $3,400. It has since climbed back over this figure, but industry talking heads…
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The ravages of Crypto Winter have been most notable in the investment community, where 80% and sometimes more of crypto valuations have been lost during the long crypto bear market of 2018. The market is still searching for an absolute bottom, while the industry licks its wounds and pushes ahead with development efforts. These efforts…
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A new major cryptocurrency is going to go live, after it was made public that the Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) are partnering on the project "Aber". Aber is a cryptocurrency project launched by the two entities to facilitate financial transactions between the two countries through the technology…
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