German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook’s proposed Libra stablecoin. Prevent stablecoins from becoming alternative currencies As reported by Reuters, on Sept. 17, German Vice Chancellor and Finance Minister Olaf Scholz said during a panel discussion in Berlin that Facebook’s planned crypto coin Libra will be clearly
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Iota has introduced Chronicle, a permanode solution that will allow its node owners to easily store all of their transactions and maintain uninterrupted access to that data. Iota’s unlimited storage solution On Sept. 17, the Iota Foundation announced Chronicle, which allows node owners to store all the data of the Tangle and quickly access that
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Tuesday, Sept. 17 — Altcoins are showing massive upward price movements, while the No.1 cryptocurrency trades flat at around $10,200. Market visualization. Source: Coin360 While the number of Bitcoin (BTC) wallet addresses holding a minimum of 10 BTC — worth over $100,000 — has hit an all-time high, the Bitcoin price continues to trade sideways, with an
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Bitcoin (BTC) stayed flat on Sept. 17 as another day of motionless trading continued the largest cryptocurrency’s stay at around $10,200. Market visualization. Source: Coin360 Bitcoin price slowly erodes support above $10K Data from Coin360 showed sideways price action as the order of the day for Bitcoin, which remained rangebound between $10,100 and $10,320. As
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Big Four auditing firm Deloitte is now allowing its staff to pay for food in the cantine using a mobile Bitcoin (BTC) wallet. English-language local news outlet Luxembourg Times reported on Sept. 17 that Deloitte is testing Bitcoin among its employees to “see how the audit giant could use the cryptocurrency.” Partner at the advisory
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Ethereum focused company, ConsenSys, announced the launch of CodeFi in a bid to strengthen the development tools for commercially viable decentralized finance and business platforms. According to the website, the goal of this platform is to create the operating system to create digital infrastructure in a trustless manner, September 16, 2019. Taking DeFi Corporate CodeFi
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Spencer Dinwiddie of the Brooklyn Nets professional basketball team is reportedly planning to tokenize his $34 million NBA contract extension. Following a three-year $34 million NBA contract extension, Dinwiddie is reportedly going to sell digital tokens tied to the contract, wherein investors in the offering would receive principal and interest, Fox Business reported on Sept.
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There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of blockchain adoption as an innovative technology. For example, Research by CB Insights
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The Canada Revenue Agency (CRA), the country’s tax authority, is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange. CRA’s request for documents and information is significant According to an article by the Globe and Mail on Sept. 16, QuadrigaCX is now being audited by the CRA which has requested the
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Many central banks across the world are racing against each other to devalue their currencies. Crypto fund executive Travis Kling believes that Bitcoin (BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments. Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at
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Bitcoin (BTC) price suddenly dropped by roughly $200 in minutes on Sept. 16 as commentators nevertheless revealed broad belief that upwards growth is imminent. Market visualization. Source: Coin360 Bitcoin price should eye $10,700 to spark uptrend Data from Coin360 revealed a rare period of almost level trading for Bitcoin overnight, having spent the weekend trading
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PayPal representatives have said they remain cautious about the future of Facebook’s planned stablecoin Libra, according to a Sept. 14 report from Agence France Press (AFP). PayPal investor relations vice president Gabrielle Rabinovitch reportedly emphasized that the firm’s membership of the Libra Association represents a “non-binding commitment,” noting that: “Obviously, I think there’s a lot
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The threat of an XRP fork is looming over Ripple, the San Francisco-headquartered startup behind the third-largest asset on the cryptocurrency market. Twitter user @Crypto_Bitlord, who has over 100,000 followers and claims to own XRP, is rallying XRP investors disappointed with the token’s performance to split from the original ledger due to Ripple’s alleged XRP
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In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China. Expert: Bitcoin is most commonly used for remittances in China On Sept. 11, Cointelegraph Japan reported that Sunny Wang, Japan’s representative
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The German-speaking world continues to see lots of developments in the crypto industry, as a Liechtenstein-based exchange is tokenizing a $25 million movie fund with actor Wesley Snipes, Austrian textile manufacturers use blockchain to go green and a Swiss crypto finance company expands its business into Asia. Here is the past week of crypto and
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Facebook’s Libra continues to face opposition from lawmakers and central banks around the world. French Finance Minister Bruno Le Maire said that Europe should consider a European public digital currency to counter the Libra. German Christian Democratic Union parliamentarian Thomas Heilmann said that the grand coalition in Germany has agreed that it will not allow
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Regulators in the Chinese autonomous province of Inner Mongolia have issued a notice demanding a clean-up of the province’s crypto mining enterprises. Terms of notice As local crypto outlet ChainNews reported on Sept. 14, five departments within Inner Mongolia have determined the need to rectify the mining industry within the province. The organizations named were
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Stellar-focused (XLM) crypto development company Interstellar appointed the founder of digital payments network Zelle Mike Kennedy as its new CEO. On Sept. 12, the company announced the appointment in a Medium blog post. Stellar as an international payments system Kennedy’s network Zelle is the payment system used by JPMorgan Chase, Citi, Bank of America and
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The Spanish-speaking world sees major cryptocurrency and blockchain developments with Uruguay approving a new bill that could be applied positively to ICOs, Cuba using crypto to access the global economy and Venezuela finally installing its first Bitcoin (BTC) ATM. Argentinian Bitex stops accepting balance charges in US dollars Cointelegraph en Español reported on Sept. 12,
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Bitcoin (BTC)-supporting payments service Square Crypto is giving the first of what will be many grants to support open-source Bitcoin projects to BTCPay Foundation. BTCPay receives $100,000 grant On Sept. 14, Square Crypto, the crypto-focused branch of mobile payment company Square, took to Twitter to announce that it is providing BTCPay Foundation with a grant
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Non-custodial exchange KyberSwap has launched fiat-to-crypto gateway in collaboration with cryptocurrency exchange Coindirect. According to a Sept. 13 blog post, KyberSwap’s users can now buy digital currencies directly with fiat currencies, taking into account that the exchange currently supports trading of Ether (ETH) and ERC-20 tokens only. The partnership with MakerDAO-backed third-party service Coindirect enables
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Ripple’s Xpring and Blockchain Finance Fund have invested $1.5 million in Seattle-based crypto ATM startup Coinme. Coinme secures $1.5 million in funding On Sept. 12, Coinme, a global leader in cryptocurrency ATMs, announced that it had secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to further develop its cryptocurrency ATM
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Clients of BlockFi, a cryptocurrency lending company, will now be able to start earning interest on any amount of Bitcoin (BTC), Ether (ETH), and Gemini Dollar (GUSD). No minimum deposit to earn interest On Sept. 13, the New York-based cryptocurrency lending company, BlockFi, announced that, starting today, its BlockFi Interest Account (BIA) clients will not
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On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of Facebook’s crypto odyssey: This week’s testimony followed two Libra-focused hearings, which were held in Congress earlier in the month. Indeed, while
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