The British Virgin Islands and blockchain company LIFElabs.io are partnering to launch the BVI~LIFE digital coin. According to the press release from December 3, the launch of the currency is part of a broader effort to grow the financial technology sector. The initiative is to be presented at the BVI Digital Economy symposium on December 3rd.…
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Paysafe’s digital wallet, Skrill, has announced earlier this week that its clients can now use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Skrill's customers will no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new…
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The cryptocurrency businesses in the US are going to see their lives made easier. This is thanks to the crypto-friendly banking service provider Cashaa - a company that is launching USD accounts for businesses involved in cryptocurrency transactions. The USD bank accounts will be provided in partnership with Metropolitan Commercial Bank. Cryptocurrency businesses will be…
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The cryptocurrency project of Facebook, Libra, has come a long way. The most important update is that the tech giant will not be launching the project until all regulatory "clearance" is over. With that, the project is currently delayed for at least 2020. However, as regulatory concerns grew stronger, some of the founding members of the…
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Andreessen Horowitz is launching a free crypto startup school. In October 2019, a16z general partner Mr. Chris Dixon announced the project at TechCrunch Disrupt. The official launch of the school is today. Interested parties can already apply and can do so in the following four weeks. The idea behind the school is to democratize the…
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There aren't many crypto-friendly banks that can be named, let alone one that goes public on the premises it supports cryptocurrencies. But Silvergate Bank is such a bank. It officially went public on the New York Stock Exchange this past Thursday. Silvergate applied for an IPO roughly one year ago and it was only yesterday…
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The story of Facebook's Libra and Mark Zuckerberg's "relationship" with the US Congress has reached new levels. The much awaited cryptocurrency called Libra might not be launched after all in 2019, as Facebook cannot get the approval of regulatory bodies yet. The European Union also expressed great concerns over the launch of such a global…
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Justin Sun, the CEO of BitTorrent, won a bid to have lunch with the Wizard of Omaha, Warren Buffet. The bid price? $4.6 million! As Leaprate reported, Warren Buffett is known for holding auctions for various charitable causes. The billionaire investor has also commented several times that he does not believe in the merits of cryptocurrencies,…
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It is a rare day that a banking institution or group of banks comes out in favor of anything having to do with cryptocurrencies and blockchain technology. It is even rarer still after considering the fact that government officials have for months been on a caustic rant against Facebook, Libra, and all things crypto. While…
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A week has passed since Mark Zuckerberg took the stand to be the sole witness testifying before the United States House of Representatives Committee on Financial Services about his Libra strategy and any recent developments. The majority of Congressmen took it upon themselves to blast the young entrepreneur on what they perceived as the evil…
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