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G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation.
Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
By 2020, a large group of West African countries plan to adopt a single fiat currency called the eco. After a meeting in Abuja held on June 29 between the 15 member-country regional bloc, the implementation of a new single currency, after debating the monetary unit for years, was agreed. Despite the eco discussion and economic uncertainty within the massive continent, Africans still have a deep interest in digital currencies.
Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
Let’s investigate Mark Zuckerberg and his plot for world domination and India’s latest Anti-crypto bill. First, we are going to talk about my boy Marky Mark and his latest new scheme of trying to get into the crypto orgy fest. Mark Zuckerberg announced facebook’s cryptocurrency, Global coin. Want to hear the most disappointing part of all this? so far major companies are actually backing Global Coin. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg’s crypto bandwagon. What worries me is this all
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.
CoinDesk
Coinme has announced that its partnership with Coinstar is paying out major dividends, allowing them to continue expanding their goals to make bitcoin kiosks a commonplace sight in the United States.
The partnership between the two companies began in early 2019, combining Coinme’s bitcoin ATM experience with Coinstar’s nationwide fleet of 20,000 coin-to-cash kiosks.
In a press update on April 24, 2019, Coinme stated that it has experienced “strong national momentum and growth of its mainstream digital currency business, led by a massive increase in the number of kiosks where it offers the ability to buy bitcoin.” Due to the Coinstar partnership, Coinme’s number of bitcoin ATMs has shot up from 70 to more than 2,100 bitcoin-compatible kiosks.
In this edition of The Daily we cover a trading competition and giveaway promoting Binance’s new platform, new mining plans from Bitdeer and the merger of cryptocurrency wallet startup Ethos by the digital assets brokerage Voyager.
Also Read: Top Business School in India to Offer Advanced Blockchain Program
Popular crypto trading platform Binance has announced that to increase awareness of its upcoming decentralized exchange (DEX) within the community, it will sponsor a simulated trading competition on its DEX testnet.
Venezuela is moving a shipment of 29 tonnes of gold, worth approximately 1 billion Euros or 1.2 billion dollars, to the United Arab Emirates for sale. UAE will pay cash Euros for the trade, which has riled US officials currently engaged in dethroning Socialist President Nicolas Maduro. 3 tonnes were already shipped on January 26th, according to a source speaking exclusively to Reuters. Euros for Liquidity After a record financial crisis in the South American country, compounded by decreased oil production, the Venezuelan government plans to use the Euros to ensure liquidity for international trading. Trading has been all the
By CCN.com: U.S. stocks continued higher through the midday session on Friday, as upbeat corporate earnings offset lingering fears about global economic growth and a looming Brexit vote in the British parliament on Tuesday. Dow Pounds Higher as Stocks Climb Wall Street’s major indexes opened sharply higher on Friday, reflecting a strong pre-market session for
The post Dow Pops 239 Points, But Will Brexit Plan B Spoil the Stock Market Party? appeared first on CCN
A leaner General Motors says it will use the Cadillac brand to compete with Tesla, and the firm also delivered bullish guidance for 2019, sending GM shares upwards by 7%. GM Shares Leap 7% on Friday GM has seen excellent sales levels in the US and expects 2019 vehicle sales to once again hit the
The post GM Shares Leap as Automaker ups Guidance & Unveils Plan to Take on Tesla appeared first on CCN
Ethereum intends to move to proof-of-stake in the future. Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around 99%. There have been repeated claims that cryptocurrency uses too much energy and is therefore inefficient and environmentally unfriendly. Some reports find that mining cryptocurrency uses more energy than gold
The post Inside Ethereum’s Plan To Reduce Energy Consumption by 99% appeared first on CCN
More than a year after launching an in-house mining business, Japanese internet conglomerate GMO Internet has announced that it will no longer, develop, manufacture, or sell cryptocurrency mining equipment. In a statement, the Japanese tech firm disclosed that the decision was prompted by challenging business conditions which resulted in an “extraordinary” consolidated quarterly loss totaling … Continued
The post GMO Had a Plan to Take Down Bitmain; Now It’s Bidding Bitcoin Mining Goodbye appeared first on CCN
The National Assembly in France has recently shot down proposals to ease up the pressure on tax regulations in the crypto space.
As reported by Bitcoin.fr, there recently existed a series of proposals to present a friendlier environment to cryptocurrency firms in France, none of which were able to pass the lower house of the nation’s legislature.
The report listed several proposed amendments to the French tax code, many of which hardly seem like radical ideas. For example, Amendment 399 was apparently intended to clarify distinctions between occasional usage of crypto assets with routine transactions, without any reference to trying to take advantage of either classification. A similar amendment to defer payment of capital gains taxes until crypto assets were converted into fiat also failed.
The Blockchain Technology Foundation, which is also referred to as the Commons Foundation, has been based in South Korea since its inception, but recently completed talks with the government of Paraguay regarding the establishment of something rather massive: the world’s largest bitcoin mining farm and crypto exchange. Many readers may be surprised to know that
The post Paraguay Backs Plan to Build World’s Largest Bitcoin Mining Farm appeared first on CCN
Christopher Woolard of the United Kingdom (UK) Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit adoption of crypto assets amid increased adoption among local businesses and consumers. Despite announcing increased regulatory action regarding illegal use of crypto, Woolard stated he does not view crypto assets as a threat to financial stability.
Also Read: Venezuela Approves Law Granting Legal Effect to the Petro
Speaking at the Regulation of Cryptocurrencies event in London, Christopher Woolard, the executive director of strategy and competition at the FCA, stated that the regulator is planning to take significant action to crack down on the illicit use of cryptocurrencies.
Japan’s top financial regulator, the Financial Services Agency, has unveiled a plan to regulate cryptocurrency wallet services. The regulator has put forward a number of regulatory measures as well as proposing how to implement them.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The Financial Services Agency (FSA) held its ninth cryptocurrency study group meeting on Monday. According to the agency’s published meeting materials, one of the main topics on the agenda was a plan to regulate crypto wallet services and their providers.
The Venezuelan government has recently launched a Petro savings plan that allows the country’s citizens to put their money into the oil-backed cryptocurrency and “save by means of a certificate.” Venezuela Launches Petro Savings Plan for 18 Million Citizens According to local news outlet Telesur, the savings plan is part of the “Comprehensive National Cryptoasset
The post Maduro Bankrupted Venezuela — Now He’s Launching a Petro Savings Plan appeared first on CCN
Dr. Hilda Cathy Heine, President of the Marshall Islands, is facing a political attack for her support of a planned national cryptocurrency. If the move is successful, it may dissuade other leaders from opening up to the new technology opposed by the IMF.
Also Read: Lawyer Invests $ 300 Million to Build Crypto City in the Nevada Desert
On Monday, eight Marshallese senators introduced a motion of no confidence against President Heine for her backing of a national digital coin. The Sovereign (SOV) was announced back in February of this year, promoted by the team behind Israeli remittances startup Neema.
Tech Bureau, operator of Japanese cryptocurrency exchange Zaif, is yet to reveal a compensation strategy for customers who suffered losses from an infamous $ 60 million theft three weeks ago. Osaka-based Tech Bureau has already halted new user registrations to focus on reimbursing customers who collectively lost ¥4.5 billion ($ 40 million) from the ¥6.7 billion ($ 60
The post Zaif Delays Customer Compensation Plan after $ 60 Million Crypto Theft appeared first on CCN
Just months after TRON (TRX), a blockchain platform building a decentralized internet, completed the acquisition of BitTorrent, a file-sharing communications protocol based on a peer-to-peer network, new plans have been revealed to bridge the technologies. Dubbed “Project Atlas,” the new project will connect BitTorrent’s peer-to-peer network and its 100 million monthly active users to the TRON blockchain. Included in […]
SludgeFeed
Recent surveys indicate that nearly one-third of the 9 million London residents, plan to invest in cryptocurrencies, which is more than double the national average of the United Kingdom. According to a recent report by Rathbone Investment Management, 30% of Londoners plan to invest in crypto, as compared to just 13% of citizens nationwide. Additionally, one […]
SludgeFeed
