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US Could Fall Behind In The Race To Lead Crypto Revolution, Here’s Why

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The United States which has always been the world’s second leading country in technology after Japan is about to step down to lose its race as a leader in cryptocurrency innovation and technology.

Over the past years, the US has been keen on regulating the industry, and while that is not a problem, the regulators have portrayed to be against the industry more than been interested in regulating it.

Could this be the downfall of the US in the race to lead the crypto revolution? A prominent lawyer suggests it could be.  Read more...

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Britain Wants To Get Ahead In CBDC Race, Here’s How

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With the rise of central Bank digital currency (CBDC) emerging and proving a notable use case, several central banks across the globe have been pressured into a race to work and experiment with developing their a central bank digital currency (CBDC). On Tuesday, Bank of England Deputy Governor Jon Cunliffe said Britain is competing in the CBDC race. 

This update comes months after the region announced its newly elected prime minister, Rishi Sunak, who is said to be a believer and supporter of the crypto industry. So far, Sunak has demonstrated more interest in stablecoins which has also played a massive role in Britain’s push for a digital pound.   Read more...

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How This Company “Snitched” On Binance To Get An Advantage In Stablecoin Race

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Per a report from Bloomberg, crypto exchange Binance’s recent issues with U.S. regulators were triggered by Circle. The company behind stablecoin USD Coin (USDC) allegedly issued a complaint to the New York State Department of Financial Services in 2022.

In the document, the company accused Binance’s stablecoin BUSD of operating without “proper” reserve management. According to a person familiar with the matter, Circle facilitated data that showed its competitor issued BUSD without sufficient collateral to back it.  Read more...

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Thank Elon Musk When the US Wins the AI Arms Race

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Elon Musk scored another major victory in his quest to usher in the Age of Artificial Intelligence today when Microsoft announced it would plunk $ 1 billion into his visionary OpenAI project. As Tesla preps to launch robotaxis and Neuralink prepares to start human testing, it’s shaping up to be a massive 2020 for artificial intelligence research. […]

The post Thank Elon Musk When the US Wins the AI Arms Race appeared first on CCN Markets

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Fund Manager: US Might Have Already Lost Crypto Innovation Race

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As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra […]

The post Fund Manager: US Might Have Already Lost Crypto Innovation Race appeared first on CCN Markets

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Someone Just Bought a Virtual Race Car for $110K in Ethereum (ETH)

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Waves went through the crypto gaming community this week after an anonymous gamer made a major purchase during the pre-sale for F1 Delta Time, a racing game that leverages non-fungible tokens (NFTs). According to the game’s website, someone picked up a limited edition race car for a whopping 415.9 ether (ETH) — worth $ 110,600 at […]
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In the Race for a Bitcoin ETF, Wall Street Has Plenty of Hurdles to Clear

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Bitcoin ETFs: Where the Industry Stands Right Now (and Where It Going)

In the latter half of 2018, few developments have occupied crypto investors’ headspaces like the industry’s indefatigable pursuit of a bitcoin exchange traded fund (ETF).

This conversation lay largely dormant since the two brothers’ first attempt was rejected by the U.S. securities regulator in March of 2017. But the Winklevosses reignited the conversation when their second attempt at an ETF was shot down by the U.S. Securities and Exchange Commission (SEC) in July of this year.   Read more...

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The Race Of The Stablecoins

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Stablecoins, though rare, are now starting to appear more regularly across the market. The most-traded stablecoins at present, include Tether, TrueUSD and USD Coin, all of whom are currently relishing in high market capitalisation. In first place is Tether with a market cap of over 1,915,000,000, in second is TrueUSD with a market cap of $ 179,045,088 and in third place is USD Coin $ 126,491,038.

These are the top three stablecoins on the market at the current time of writing and yet it’s clear which stablecoin is a clear leader. Tether aims to keep it’s called USDT on the same level at the US dollar by backing each token with $ 1 in bank deposits, accounts for the most part of the stablecoin market by total value, exchange and other factors.  Read more...

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EU Based Extauri Joins NASDAQ, Bakkt in Race to Compliant Exchange

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compliance

The next benchmark in cryptocurrency adoption will likely take place through the acceptance of compliant securities exchanges that offers crypto trading and investment alongside traditional securities. November marks a major month towards this regard as leading initiatives have set November deadlines for their primary products.

Many prominent analysts and speculators suggest that the development of these exchanges have a great opportunity to invoke the next bull run, as such progress would finally provide an environment through which institutional investment firms, who currently are legally and contractually obligated against trading Bitcoin and other “risky” cryptoassets, can join retail investors looking to experiment with crypto-centric pension funds, retirement funds, ETFs, and more.  Read more...

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Coinbase Joins Race For A Crypto ETF, Seeks Help From BlackRock

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Coinbase has thrown its hat in the ring to launch a cryptocurrency exchange-traded fund (ETF) and has approached BlackRock for help, according to unnamed sources interviewed by Business Insider. BlackRock, which manages $ 6 trillion in assets, has pioneered ETFs and has a blockchain working group. Coinbase, which announced a cryptocurrency index fund for accredited investors

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XRP Vs XLM, The Race For Cross Border Dominance

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XRP Vs XLM, The Race For Cross Border Dominance



When you think of cross border payment solutions, there are two key projects that should spring to mind with regards to cryptocurrency and blockchain technology. Ripple and Stellar, with their respective currencies XRP and XLM.

Both are designed to tackle problems with cross border payments, but only one will find the true, universal solution, right?

Is the race truly on?

Not yet, both of these projects are working on established technologies that now have a number of large partnerships (namely Ripple and Santander vs Stellar and IBM) but even so, it’s hard to actually see a finish line in this race, therefore it can be assumed that there is a lot of work to be done by both parties before cross border payment dominance can be achieved.  Read more...

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Can IOTA (MITOA) Beat Ethereum Classic (ETC) To The IOT (Internet of Things) Race?

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Can IOTA (MITOA) Beat Ethereum Classic (ETC) To The IOT (Internet of Things) Race?

Chart for IOTA/USD (1D)

IOTA (MIOTA) is one of a kind cryptocurrency. While the rest of cryptocurrencies have their own blockchains or use other popular blockchains, IOTA (MIOTA) does not run on a blockchain nor does it require one. This is made possible by mathematics. IOTA (MIOTA) has come a long way without using any blockchain but there are still many doubts as to whether or not it can foray into the world of IOT (Internet of Things) without the use of a blockchain.

Continue reading Can IOTA (MITOA) Beat Ethereum Classic (ETC) To The IOT (Internet of Things) Race? at Crypto Daily™.  Read more...

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Slow and Steady Wins the Race: This Canadian Exchange Is Leading the Way on Regulation

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Canadian Exchange

There’s nothing that sends shock waves through the crypto markets like the prospect of regulation. And there’s also nothing so hard to establish on a global scale. After all, how can you regulate something when you can’t agree on what category it falls into, and when laws vary across jurisdictions and cultures? One Canadian exchange, Coinsquare, is taking an interesting approach that just might prove that in this fast-paced industry, slow and steady wins the race.  Read more...

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Porsche Leads the Pack in Race for Automotive Blockchain Integration

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Porsche is officially the first automobile manufacturer to both implement and successfully test the blockchain directly in vehicles, thanks to Berlin-based start-up XAIN.

Blockchain. There is No Substitute.

In the race to implement blockchain technology into consumer automobiles, Porsche is firmly in the lead.

According to the company’s official newsroom, the German automobile manufacturer tested remotely locking and unlocking vehicles via a blockchain-powered app, as well as temporarily granting access authorizations. Additionally, Porsche is testing new business models based on encrypted data logging, with goals of improving autonomous driving functionality.  Read more...

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Thai Regulators in Race With Growing Popularity of Token Sales

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Thai Regulators in Race With Growing Popularity of Token Sales

The Thai government is concerned with the growing number of companies in Thailand racing to launch their initial coin offerings ahead of regulations. This has prompted the country’s regulators to hurry with the regulatory framework for token sales, ahead of cryptocurrency regulations.

Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten

ICOs Growing in Popularity in Thailand

Publicly-listed and private companies in Thailand are hurrying to launch their initial coin offerings (ICOs) ahead of regulations, Thai Rath reported, adding that they “fear the regulators will make it more cumbersome for issuers and investors.”  Read more...

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Amelie Arras Prepares to Defend Bitcoin’s Title at Money 20/20 Asia Race

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Amelie Arras Prepares to Defend Bitcoin's Title at Money 20/20 Asia Race

It has been announced that the Marketing Director of Adastra Marketing, Amelie Arras, will look to defend bitcoin’s crown in the upcoming Money20/20 Asia Payments Race. Mrs. Arras is hoping to repeat her performance from last year, where she defeated four other participants to claim victory for bitcoin in the Money20/20 USA Payments Race.

Also Read: Arras Lives on Bitcoin for a Week and Proves Bitcoin Is Gaining Acceptance  Read more...

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Vladimir Putin Endorses Blockchain: Russia Can’t Be ‘Late In The Race’

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Russian Federation President Vladimir Putin endorsed blockchain technology during a meeting on Sunday with Herman Gref, the president of Sberbank, Russia’s largest bank.

‘We Need Professionals in This Field’

Gref, who said his bank would implement blockchain into its business, suggested to Putin that the Russian government should include blockchain technology in education and professional training, according to a translation by YouTube channel Russia Insight.

Blockchain technology is one of the key components of cryptocurrency networks such as Bitcoin and Ethereum.

“We need professionals in this field,” he said.

He also called for “very careful regulations” that wouldn’t prohibit virtual currency.  Read more...

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