Day: September 11, 2019

Libra Association Seeks Swiss Payments License for Facebook’s Crypto

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Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11.  “Regulated, low-friction, high-security” blockchain payments In an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the Libra network — explained its choice to coordinate a regulatory framework with the Swiss watchdog: “Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight. We are engaging in constructive dialogue with FINMA and are encouraged…

Is DeFi The Future of Crypto Finance? Some Big Industry Names Think So

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The hot potato in the world of crypto at the moment is decentralized finance. Satoshi’s original notion of cutting out the bankers is now possible in this new world of digital assets and DeFi protocols. The industry is still embryonic but some of the bigger names in the world of crypto and finance are finally paying attention. Crypto Wealth Management Built on ETH By definition decentralized finance is a movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. In essence…

Bitcoin Price (BTC) Remains In Steady Corrective Decrease

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Bitcoin price is slowly declining and recently broke the $10,000 support area against the US Dollar. The price is facing an uphill task and it might continue to struggle near $10,250 and $10,300. There is a major bearish trend line forming with resistance near $10,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could continue to slide as long as it is trading below the $10,400 pivot level in the near term. Bitcoin price is under pressure below $10,250 against the US Dollar. BTC…

Crypto Exchange OKEx to List Hedera Hashgraph’s Token HBAR

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Cryptocurrency exchange OKEx announced that it will soon list enterprise-focused decentralized network Hedera Hashgraph’s native token HBAR. As OKEx’s spokesperson told Cointelegraph, the platform will add HBAR to its spot market with HBAR/BTC, HBAR/USDT and HBAR/USDK on Sept. 17. Deposits and withdrawals will open on Sept. 16 and Sept. 24 respectively. Head of Asia Pacific at Hedera Hashgraph Edgar Seah added:  “Hbars play a crucial role in the function, growth, and security of the Hedera network, and it is important that they are available to those who wish to use…

Ethereum Price (ETH) Could Breakdown In Short Term, Bitcoin Down 3%

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ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar. The price is likely to decline if bitcoin continues to struggle below the $10,250 level. There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken). The price remains at a risk of more downsides as long as the price is below $185. Ethereum price is struggling to gain strength above $185 versus the US Dollar since bitcoin is declining. ETH price…

No One in the World Is Any Closer to CBDCs than China

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China has the most progressive approach to central bank digital currencies (CBDCs) to date, according to Circle CEO Jeremy Allaire. The only global bank to really care  Allaire said that China’s central bank has the most advanced thinking about CBDCs in an interview aired on Phoenix Chinese News on Sept. 9. According to Allaire, the People’s Bank of China (PBoC) is the only global central bank that is working on the CBDC from a research and development perspective. The Circle CEO emphasized that the PBoC appears to be the most…

Updated Steemit Now Allows Steem Proposal Voting on Steemitwallet.com

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Steemit, a blogging and social networking website that uses its Steem blockchain-based rewards platform for publishers, announced their fellow-Steemians that they can now vote for their favorite Steem proposals without leaving the safety of Steemitwallet.com. Vote for proposals to receive funding On Sept 10, Steemit announced that their user interface for the Steem.DAO UI had gone live and that Steemians can now vote for their favorite Steem proposals without leaving the safety of Steemitwallet.com. The changes reportedly saw extensive testing in Steemit’s development environment to ensure the user interface is…

First-Ever SEC-Qualified Token Offering in US Raises $23 Million

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Blockstack PBC, a decentralized computing network, announced that it managed to raise more than $23 million in the first-ever U.S. Securities and Exchange Commission (SEC)-approved token offering. Participation from U.S. retail investors Muneeb Ali, co-founder and CEO of Blockstack PBC wrote in a blog post on Sept. 10 that the blockchain-based startup Blockstack has raised more than $23 million in token offerings, which include its SEC-qualified token offering and its offering to investors outside the United States. Retail investors in the U.S. were able to partake for the first time…