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WTO Report: Blockchain Technology Could Add $3 Trillion to International Trade by 2030
A report published by the World Trade Organization (WTO), on November 27, 2018, claims that blockchain technology could potentially add $3 trillion to international trade and finance by 2030. However, it also mentioned that blockchain should not be considered a panacea, and a careful cost versus benefit estimate is required during its application. дальше »
2018-11-29 18:00 | |
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[VIDEO] Top Bitcoin, Blockchain and Cryptocurrency Daily News Recap: November 28th
Fidelity Investments' Crypto Venture Capital Fund Activates Again, Significant Innovation Coming Fidelity Investments' Crypto Venture Capital Fund Activates Again, Significant Innovation Coming Malaysia's Finance Minister Announces Crypto Plans For Blockchain Regulations in 2019 Malaysia's Finance Minister Announces Crypto Plans For Blockchain Regulations in 2019 US Treasury Department's OFAC Links Multiple Bitcoin Wallets to Ransomware Ordeal […] дальше »
2018-11-29 07:32 | |
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Bulgarian Authorities Arrest Three Men over Bitcoin Theft, Recover $3 Million
The Bulgarian police force has arrested three men for orchestrating a cryptocurrency theft worth $5 million and local authorities have only succeeded in recovering $3 million from them, plus a car worth about $34,800, reported Finance Magnates on November 26, 2018. дальше »
2018-11-28 02:00 | |
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Why We Rejected an Offer from Government to Help Expand Our Company
This story about a rejected government offer was written by Tomas Forgac, friend of Bitcoin. com, early Bitcoin investor and entrepreneur, now focusing on Bitcoin Cash adoption and growth. *** An unnamed pro-crypto government recently gave Bitcoin. дальше »
2018-11-27 17:00 | |
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An American woman has been funding ISIS with Bitcoin
A Pakistani-American woman has confessed to using Bitcoin to launder dirty money to help finance terrorist organization ISIS, CNBC reports. Zoobia Shahnaz, a 27-year-old Long Island, New York resident, made the confession yesterday in front of New York state federal courts. дальше »
2018-11-27 13:12 | |
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Malaysian MP ”Concerned About Threat” from Cryptocurrencies
Lim Guan Eng, the finance minister of Malaysia, has warned individuals and companies planning to issue new cryptocurrencies with a stern: “don’t do it”. Addressing parliament on Nov. 26, Guan Eng advised to wait for legal guidance from Bank Negara Malaysia, the southeast Asian country’s central bank. дальше »
2018-11-27 12:43 | |
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All cryptocurrencies issued in Malaysia must go through country’s central bank
Lim Guan Eng, Malaysian Finance Minister, said that all cryptocurrencies must go through Bank Negara Malaysia, the country’s central bank, before being issued to the public, reported the New Straits Times. дальше »
2018-11-27 09:32 | |
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AMF Condemns Keplerk’s Plans to Sell Bitcoins via French Tobacco Shops
The nation’s financial regulators have criticized Keplerk, a France-based financial technology (fintech) company, the Autorite des Marches Financiers (AMF) for allying with tobacco retailers in the country to enable them to sell bitcoin to clients through its bitcoin vouchers beginning from January 2019, according to a Finance Magnates report on November 26, 2018. дальше »
2018-11-27 06:00 | |
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Cryptocurrencies issued in Malaysia must go through central bank
If you thought cryptocurrencies could be kept away from the watchful eyes of banks and governments, think again. Malaysian Finance Minister, Lim Guan Eng, said that all cryptocurrencies must go through Bank Negara Malaysia, the country’s central bank, before being issued to the public, reports the New Straits Times. дальше »
2018-11-26 16:16 | |
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Japan’s Tainted Crypto-Exchange Coincheck Introduces Trading of XRP after Infamous Hack
Coincheck digital assets exchange and trading venue have announced the resumption of deposits and trading of Ripple’s XRP and Factom (FCT) altcoins, following its January 2018 half a billion dollar heist, reported Finance Magnates on November 26, 2018. дальше »
2018-11-26 14:00 | |
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Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge
Uganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin. дальше »
2018-11-24 21:00 | |
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Doubling Down as Bitcoin Plunges is a ‘Problematic Mindset,” Says Personal Finance Author
As the price of Bitcoin continues to fall, many investors are doubling down and sticking with their decisions, which is a sign of a ‘problematic mindset’ that leads to more loss, Business Insider India reported on November 21, 2018. дальше »
2018-11-24 02:00 | |
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The Crypto Bubble Hasn’t Burst, It Hasn’t Even Begun Yet
Were Nouriel “Dr Doom” Roubini, Jamie Dimon, and Warren Buffet right all along? Was the 2018 crash the end of Bitcoin? Do we all give up on this decentralised finance stuff and accept the rule of central bankers forever more? It was all tulips anyway, right… Bubble? What Bubble? For those who proudly proclaimed that. дальше »
2018-11-24 01:00 | |
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Coinbase UK CEO Sheds Light On How Bitcoin And Cryptos Will Force Banks To Adapt To Change
Coinbase CEO Cryptocurrencies Forcing Banks To Change Zeeshan Feroz, the CEO of Coinbase UK, discussed at the Finance Magnates London Summit his position concerning retailers and central banks and that they must start changing in the world of cryptocurrency. дальше »
2018-11-23 07:51 | |
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Bitcoin Closes Gap Between Self and MasterCard in Daily Transfers
In 2008 the cryptocurrency market was introduced as an alternative to the finance industry. The cryptocurrency market flourished over the last ten years and has a projected growth that takes its technology becoming ‘the’ next finance industry backbone. дальше »
2018-11-22 17:43 | |
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Spain: Financial Watchdog Intensifies Efforts to Make Cryptocurrency Holders Pay Tax
It may soon no longer be business as usual for bitcoin (BTC) and altcoins investors in Spain as the nation’s tax authority, the Agencia Estatal de Administracion Tributaria (AEAT), has reportedly identified at least 15,000 distributed ledger technology (DLT) based virtual currency holders and is now set to make them pay taxes, reported Finance Magnates on November 20, 2018. дальше »
2018-11-22 01:00 | |
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Binance Cryptocurrency Exchange Integrates Refinitiv’s KYC Software
Binance (BNB), the world’s number one cryptocurrency exchange by 24-hour trading volume has joined forces with Refinitiv, a U. S-based financial technology firm, to integrate the latter’s “World-Check” know-your-customer (KYC) software into its trading platform, reported Finance Magnates on November 20, 2018. дальше »
2018-11-22 22:00 | |
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Price Dip Aside, Paxful Anticipates Big Week of Gift Card-to-Bitcoin Trades
That special time of year is coming up — the time when individuals trade in their unwanted or unusable gift cards for bitcoin. And with the price of bitcoin dropping, peer-to-peer (P2P) bitcoin marketplace Paxful is making it possible to use these gift cards to “buy the dip. дальше »
2018-11-22 19:12 | |
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TransferWise Chairman: Distributed Ledger Technology Is Very Hard To Use
Blockchain technology, which undergirds bitcoin and other digital assets is slowly but steadily making its way into mainstream finance, but some financial institutions remain unconvinced about its potentials. дальше »
2018-11-21 22:00 | |
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ICON Set to Participate in the Digital Economy Forum Seoul 2018 This Week
The first ever Digital Economy Forum Seoul 2018 will be held this week at Hotel Conrad Seoul. The ICON Foundation announced that its team would be attending the event in Korea. The forum is co-hosted by the Korea Ministry of SMEs and Startups (MSS) and Korea Ministry of Economy and Finance (MOEF). дальше »
2018-11-20 19:59 | |
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U.S. Authorities Sentence Bitcoin Criminal to 15 Months Imprisonment
Joseph Kim, a 24-year old Phoenix, Arizona resident has been sentenced to one and half year in jail for defrauding his former employers, Consolidated Trading and friends over $1 million in bitcoin (BTC) and litecoin (LTC), using the funds for his personal enrichment, reported Finance Magnates on November 18, 2018. дальше »
2018-11-20 08:00 | |
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Major Indian Crypto Exchange CEO Openly Asks Gov’t to Regulate Crypto
Nischal Shetty, the CEO of Indian crypto exchange WazirX, has reached out to a top lawmaker to look into the regulation of Bitcoin and similar digital assets. The blockchain entrepreneur requested India’s finance minister Arun Jaitley to focus more on crypto’s potential benefits than its minimalistic misuses. дальше »
2018-11-20 03:00 | |
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Huobi Global Elites Meetup Hosted in Singapore for the First Time
Huobi hosted its first Global Elites Meetup in Singapore on Nov. 16th. The event was attended by 110 influencers from the cryptocurrency, finance, and blockchain spheres. The participants “gathered to network, share insights, and discuss trends within the crypto community. дальше »
2018-11-19 16:59 | |
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VanEck’s Gabor Gurbacs: “America Wants a Bitcoin ETF”, Relates Gold Exchange-Traded Fund Approval Process
VanEck Could Be Our Best Hope For Seeing A Bitcoin ETF In The Near Future. As we move into an era of digital finance, Gabor Gurbacs has made it abundantly clear that he is confident that a Bitcoin ETF will be coming to the market within the next couple of months. In this regard, he […] дальше »
2018-11-17 21:02 | |
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BitGo Adds Support For Stablecoins; Set Sights on Listing 100 Cryptos and Tokens By the End of 2018
BitGo, a California-based blockchain security firm, digital assets wallet provider and custodian has announced it’s now supporting the major stablecoins currently on the market, including Circle’s USDCoin (USDC), Gemini Dollar (GUSD), Paxos Standard Token (PAX), and more, according to a Finance Magnates report on November 15, 2018. дальше »
2018-11-18 20:00 | |
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BitGo Adds Support For Stablecoins; Set Sights on Listing 100 Cryptos and Tokens by the End of 2018
BitGo, a California-based blockchain security firm, digital assets wallet provider and custodian has announced it’s now supporting the major stablecoins currently on the market, including Circle’s USDCoin (USDC), Gemini Dollar (GUSD), Paxos Standard Token (PAX), and more, according to a Finance Magnates report on November 15, 2018. дальше »
2018-11-18 20:00 | |
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KPMG Accounting Firm Releases ‘Institutionalization Of Crypto Assets’ Report, Talking About Bitcoin’s Arrival
KPMG Accounting Firm Believes That Crypto Assets Are Unprepared To Be Considered Real Currencies KPMG is known as one of the “big four” accounting firms, so it is clear that they understand the world of traditional finance. дальше »
2018-11-16 02:08 | |
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Cryptocurrency Prediction Marketplace Stox Debunks Exit Scam Rumors
Stox (STX ), a distributed ledger technology (DLT ) based prediction platform that allows users to predict the outcome of events in various ecosystems including the cryptocurrency markets, sports, tech, and others, has responded to rumors making the rounds that its orchestrating an exit scam, according to a Finance Magnates report on November 12, 2018. дальше »
2018-11-15 20:00 | |
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B2BX Cryptocurrency Exchange Secures Estonian Blockchain License
B2BX, a European digital assets exchange that supports major cryptocurrencies like bitcoin (BTC), ether (ETH), NEO (NEO), monero (XMR) and several others, has gotten approval from the Estonian Financial Intelligence Unit (FIU), making it one of the cryptoassets exchanges to be entirely regulated in crypto-friendly Europe, reported Finance Magnates on November 11, 2018. дальше »
2018-11-14 10:00 | |
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Circle Invest will reward new customers with crypto assets
On November 12, the crypto finance company Circle announced the launch of its rewards program for new Circle Invest users. Circle Invest is a mobile crypto asset exchange designed for novice crypto traders and currently supports a dozen crypto assets including Bitcoin, EOS, Monero, and ZRX. дальше »
2018-11-14 09:28 | |
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Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services
The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets. дальше »
2018-11-14 00:53 | |
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Swiss Cryptocurrency Firm X8 Bags Islamic Finance Certification
X8 AG, a Swiss financial technology firm has successfully obtained Islamic scholars certification for its fiat and gold-backed cryptocurrency from Shariyah Review Bureau (SRB), an Islamic advisory firm licensed by the central bank of Bahrain, Reuters reports, November 12, 2018. дальше »
2018-11-14 22:00 | |
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GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018
GMO Internet, the Japanese technology and online finance conglomerate, presented its results for the third quarter of fiscal 2018 on Nov. 12. The presentation included new details about the performance of the Tokyo-listed group’s cryptocurrency-related businesses. дальше »
2018-11-12 21:45 | |
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Experts Suggest Hype Around Blockchain Is Unproven, Bitcoin’s Failure Is A Ticking Time Bomb
Are Cryptos And Blockchain Nothing More Than a Hype? Ten years ago, after Bitcoin was announced, the finance industry got split into two groups — those who supported the crypto, and those who were against it. дальше »
2018-11-12 21:12 | |
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Switzerland: Cryptocurrency Firm X8 AG Obtains Sharia Compliance Certificate
The Reuters reported on Nov. 12th that X8 AG, a Swiss fintech company received Islamic finance certification for its stablecoin built on the Ethereum blockchain protocol. The firm was certified by the Shariyah Review Bureau (SRB), a respected Sharia consultancy and audit firm with a foothold in 12 countries including a license from Bahrain’s central bank. дальше »
2018-11-12 17:59 | |
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CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail
The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1. 1 million for Bitcoin fraud. Employer Tipped Off Authorities According to sources including US regulator the Commodity Futures Trading Commission (CFTC) and a social media commentator citing “people close” to the matter, Joseph Kim lost CT over $600,000 through stealing money to finance cryptocurrency trades gone wrong. дальше »
2018-11-12 14:00 | |
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The Next Cryptocurrency Boom Stage Is All Set, Which Coin Other Than Bitcoin Will Explode In Value?
With The Stage All Set, Which Cryptocurrency Will Be The Next To Witness A Massive Turn In Its Fortunes? It seems as though the economic climate is just about right for us to experience another bullish explosion within the world of crypto-based finance. дальше »
2018-11-12 04:56 | |
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BitMEX Opts to Use Bitcoin Cash ABC to Settle Contracts Ahead of the BCH Hard Fork
Divorces and breakups are always hard, they are hard for the parties directly involved and can be equally so for those not directly involved. Finance and business is no exception to this rule. As the hard fork date, November 15 approaches for Bitcoin Cash (BCH) many cryptocurrency enthusiasts waiting with bated breath. The anxious anticipation […] дальше »
2018-11-12 22:51 | |
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France Considers a Flat Capital Gains Tax for Bitcoin
The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to ease taxation on bitcoin gains to flat 30 percent. дальше »
2018-11-10 02:00 | |
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New Study Finds That Most Cryptocurrencies May Be Overpriced
A recent research paper released by Wang Chun Wei, a Ph. D. finance lecturer at the University of Queensland has concluded that many cryptocurrencies, including Bitcoin and Ethereum, may be overpriced. дальше »
2018-11-8 19:24 | |
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Exclusive Interview: A Briefing with Scott Stornetta, Founding Father of Blockchain
Bitcoin, the archetypal blockchain, has for ten years waged technological warfare against corporate and state-run finance. Yet for all the heads that have been turned in the tackling of such a gauntlet, it was, in fact, a far more elemental problem that spawned the search for blockchain. дальше »
2018-11-8 18:00 | |
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French authorities are pushing a 30 percent flat-rate Bitcoin tax
French regulators are realigning the taxes imposed on hodlers of Bitcoin and other cryptocurrencies. The French finance commission supported plans yesterday that will see capital gains tax applied to cryptocurrencies brought in line with other capital gains tax, Reuters reports. дальше »
2018-11-8 13:31 | |
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Maritus Regulators to Equip Crypto Businesses with Custodial Licenses
Due to the inadequacies of the previously laid down guidelines for its blockchain and cryptocurrency industry, the Financial Services Commission (FSC), Mauritius’ financial watchdog, has drafted new regulations to cover its DLT ecosystem and crypto-based businesses are now required to obtain a custodial license for cryptoassets, reported Finance Magnates on November 6, 2018. дальше »
2018-11-8 06:00 | |
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Chinese Court: Bitcoin Is Property and Protected by Law
A Chinese Court recently ordered a company in a civil dispute to repay a misappropriated amount of cryptocurrency, setting a legal precedent for cryptocurrency-related disagreements. According to a Finance Magnates’ article published on November 5, 2018, despite China’s 2017 cryptocurrency ban, the Shenzhen Court recognized in the civil dispute that cryptocurrencies have economic value. дальше »
2018-11-7 04:00 | |
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Jack Dorsey’s Square Surpasses Twitter with $30 Billion Market Value as Bitcoin Business Begins to Boom
Jack Dorsey is known for a lot of things in his career with technology and finance, but the two companies he owns that seem to have performed exceedingly well have been Square and Twitter. Square is a financial services provider that helps users make mobile payments through an app, while Twitter is a wildly popular […] дальше »
2018-11-7 01:33 | |
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What is Initiative Q Really All About? Does it Beat Bitcoin? Don’t Bet on It
By now, you’ve probably heard of the pseudo-cryptocurrency Initiative Q. Many people with little understanding of either economics or technology have been sharing social media marketing relating to the scheme, which promises to change the future of finance, but appears little more than a successful data mining scam. дальше »
2018-11-7 01:00 | |
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Square Surpasses Twitter in Market Capitalization
Jack Dorsey’s social media platform Twitter has been outperformed by his other company – the financial services provider Square. A Strategic Move Jack Dorsey’s Bitcoin-integrated financial services company Square has more than doubled its value since it allowed users to buy and sell Bitcoin (BTC) back in 2017. дальше »
2018-11-7 23:00 | |
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