The post Top four South Korean digital currency exchanges announce joint AML initiative appeared first on CoinReport.
The Marshall Islands will soon circulate physical banknotes representing the world’s first decentralized national digital currency. This is happening under an agreement with Tangem, a Swiss maker of blockchain-enabled smart card wallets for cryptocurrencies. “We are excited to partner with the Republic of the Marshall Islands to do something that has never been done before: issue a digital currency as official legal tender,” Tangem co-founder Andrey Kurennykh gushed in a statement. Smart Card with Microchip and NFC Antenna The physical banknotes will take the form of a smart card powered by a blockchain-enabled microprocessor. Tangem says its technology enables users to
Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.
Bitcoin tanked in 2018, but the future of cryptocurrencies remains bright because you can’t stop progress. That’s the assessment of Travis Scher, a vice president at crypto investment firm Digital Currency Group. “2019 will be volatile, entertaining, and full of surprises,” Scher wrote in a Medium post. “But I am confident that the stress caused by the 2018 crash
The post Here’s Why Bitcoin’s Future is so Bright: Digital Currency Group Exec appeared first on CCN
Plans to issue a state-backed cryptocurrency in India have stalled, months after the country’s central bank gave indications that it was considering the idea. According to The Hindu Business Line, the government is no longer interested in the state-backed digital rupee. Citing a source, the report by the publication indicated that the idea of a
The post ‘Too Early’ for Central Bank Digital Currency: India Shelves Plans for a Crypto Rupee appeared first on CCN
Calgary has become the first Canadian city to launch a digital version of its local currency. Known as the Calgary Digital Dollar, the digital currency will be used exclusively in the City of Calgary located in Alberta Province and will operate alongside the federal currency, the Canadian Dollar (or the loonie as it is popularly
The post Canadian City Calgary Launches a Digital Currency to Boost Local Economic Activity appeared first on CCN
R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency.
The app, dubbed Corda Settler, continues R3’s track record for pursuing ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.” The press release clarifies that XRP will be the first cryptocurrency specifically supported by Settler, but also stated outright that it would not be the only one in the foreseeable future.
The post Sector pacesetters lead dialogue on digital currency compliance standards appeared first on CoinReport.
Well, here’s something we didn’t expect this early in the century. Ohio’s state government is now accepting Bitcoin and Bitcoin Cash via its payment portal, serviced by BitPay. As CCN reported: “Ohio will become the first state in the US to officially accept tax payments in bitcoin, according to a Wall Street Journal report. Beginning
The post Op-Ed: Ohio’s Crypto Play Proves Bitcoin is Becoming a Currency appeared first on CCN
Barry Silbert, the founder of Grayscale Investments, a digital asset management firm owned by Digital Currency Group, believes the initial coin offering (ICO) party has come to an end. During a recent interview on CNBC’s Squawk Box, Silbert touched on current crypto market correction and its ramifications on the once thriving token sales. “The ICO market is dead… […]
Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system.
As Prices Spiral, Study263 Helps Zimbabweans Import Food Using Bitcoin
The southern African country of Zimbabwe, which adopted the U.S. dollar after abandoning its currency at the height of hyperinflation in 2009, is gripped by a shortage of foreign currency which has seen prices of imported goods spiral in recent weeks.
Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around. According to the governor of the Bank of Thailand (BoT), Veerathai Santiprabhob, plans to switch from cash to a digital currency will not happen within the ‘next 3-5 years’. This … Continued
The post Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years appeared first on CCN
The Managing Director and Chairperson of the International Monetary Fund (IMF), Christine Lagarde, has called on central banks around the world to consider issuing digital currencies. According to Lagarde, the state has a role to play in injecting money to the digital economy and it was, therefore, necessary to ‘consider the possibility to issue digital
The post IMF Chief Lagarde: Central Banks Should ‘Consider’ Issuing Digital Currency appeared first on CCN
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. 500 Video Games Are Now Accessible With the New Altcoin The MobileGO company is aiming to make the esports industry more reliable and transparent with its new MGO
The post Meet the Universal Currency for Two Billion Gamers appeared first on CCN
The post Business blockchain and digital currency Algorand raises $ 62 million appeared first on CoinReport.
An Australian travel tech startup has invited Apple co-founder Steve Wozniak to Agnes Water and Town of 1770, the country’s first digital currency towns. Brisbane-based TravelbyBit extended the invitation after the American inventor expressed his interests to travel the world using nothing but bitcoin, as reported by local publication Micky. The company, which enables businesses
The post Australian Crypto Startup Invites Steve Wozniak to ‘Digital Currency [Holiday] Town’ appeared first on CCN
Riksbank, Sweden’s Central Bank, is adapting to the shifting financial landscape in the country where the transition to a cashless society has accelerated quickly. Several banks in Sweden no longer handle cash, which is a problem some groups of people who struggle to adapt to new technologies, such as the elderly. The central bank believes
The post Sweden’s Central Bank Hastens Plans for National Digital Currency appeared first on CCN
At press time, the father of cryptocurrency is back up in the $ 6,400 range after falling to just over $ 6,300 during our previous price coverage. As mentioned before, the currency has seemingly found a comfortable spot between $ 6,300 and $ 6,500 and hasn’t moved from here for several weeks minus a few small jumps and falls along the way.
One source mentions that “nothing new” is happening in the BTC market, and while it’s hard to admit, there seems to be some truth to this statement. We are still witnessing stagnation in the currency’s price while awaiting news regarding the stance of the VanEck SolidX bitcoin ETF. There are things traversing the horizon, but nothing within our grasp.
Australia is not likely to see a central bank digital currency (CBDC) any time soon as the country’s reserve bank is of the view that the existing system ‘works well’. Speaking at this year’s Swift International Banking Operations Seminar (SIBOS) currently underway in Sydney, the assistant governor of the Reserve Bank of Australia (RBA), Michelle
The post No Point of a Central Bank Digital Currency in Australia: Assistant Governor appeared first on CCN
When historians set out to chronicle the development of cryptocurrency, one of the first chapters will profile DigiCash, the early digital currency startup which, decades before Bitcoin, almost fulfilled the dream of giving the internet a native currency. However, that project’s inventor, cryptography pioneer David Chaum, wants his name to appear in the book’s subsequent
The post Ripple Co-Founder Invests in New Cryptocurrency from Digital Currency Pioneer David Chaum appeared first on CCN