Day: December 7, 2019

SEC Requests UK’s Intervention to Force Telegram’s Former Advisor to Testify

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The United States Securities and Exchange Commission (SEC) asked the High Court of England and Wales to force Telegram’s former chief investment advisor John Hyman to testify in the case over the firm’s Grams tokens offering. Industry news outlet Coindesk reported on Dec. 7 that the SEC’s request was revealed by documents filed by the regulator with the U.S. District Court for the Southern District of New York yesterday.  Security or not? As Cointelegraph previously reported, the SEC is convinced that Telegram’s Grams tokens are unregistered securities. According to the…

Bitcoin Volatility Is Up, Liquidity Stagnant

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Liquidity providers are not rushing in. To measure market makers’ enthusiasm for bitcoin, we turn to network data: the aggregate balances of exchange wallets, as a percentage of bitcoin’s total supply. This measure of exchanges’ bitcoin flows shows some responsiveness to volatility. Year-to-date highs were set in late May and early July, when volatility was on the rise and peaking, respectively. Source If You Liked This Article Click To Share BitcoinLiquidityStagnantVolatility CryptoX Portal

Ghana Joins the Bandwagon — Plans for CBDC, Still Wary of Crypto

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Ghana is maintaining a cautious approach to cryptocurrencies despite its central bank’s plans to launch a digital currency in the new year. Over the past five years, the West African country has become the fastest-growing mobile money market on the continent. The burgeoning number of mobile money users is proof that digitized payments systems are providing a means for people to become financially active. According to a 2019 economic analysis by the World Bank, the number of registered mobile money accounts in the country exploded from just 3.8 million to…

Ex Italy’s Economy Minister on ‘Transition From Old Coins to New Coins’

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During the Code4Future conference, the first event in Italy dedicated to the concept of open innovation held at the Talent Garden in Rome, the former Minister of Economy and Finance Giulio Tremonti — currently president of Aspen Institute Italia — expressed his thoughts regarding the future of digital payments and the advent of cryptocurrencies. On Nov. 8, the first day of the Code4Future event, Tremonti took part in a round table discussion, during which he said the opportunities offered by the fintech sector were changing both business logic and the…

Australian Border Force Confiscates Drugs and Over $1.5 Million in Crypto

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Men of the Australian Border Force (ABF) has once again proved their undying commitment to keep the Aussie nation clean. The officers, who act as watchdogs overseeing everything that comes in and goes out via the border, scored yet another one for the good guys by apprehending two supposed drug traffickers in relations to an attempt to smuggle MDMA through the border. Over $1.5 million worth of cryptocurrency was also recovered in relation with the crime. Just like every other search, the officers went about their duty on the fateful…

Central Banks Issuing Digital Currency Could Be a Bluff; Here’s How

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Going by recent headlines, it appears as though central banks around the world are planning to or in the process of creating their own digital currencies. The coins, by their disruptive nature, are bound to attract attention from these banks. And with Facebook’s plans to launch the Libra, there are ever-growing challenges to their monetary authority and uncertainty about how money will be used in the coming years. Central Bank Digital Currency, a Bluff? Despite all this talk about central banks launching their own digital currencies, it’s an “elaborate bluff,”…

Central Banks Issuing Digital Currency Could Be a Bluff; Here’s How

boss

Going by recent headlines, it appears as though central banks around the world are planning to or in the process of creating their own digital currencies. The coins, by their disruptive nature, are bound to attract attention from these banks. And with Facebook’s plans to launch the Libra, there are ever-growing challenges to their monetary authority and uncertainty about how money will be used in the coming years. Central Bank Digital Currency, a Bluff? Despite all this talk about central banks launching their own digital currencies, it’s an “elaborate bluff,”…

‘Blockchain Is A Rapidly Maturing Technology in China’

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Forkast Insights, the research arm of Asia-based Forkast, took an in-depth, comprehensive look at how blockchain technology is integrated in China. On Dec. 5, Forkast Insights presented its first report on how blockchain is being applied by the Chinese government and companies across the country. According to the report, blockchain technology is rapidly maturing and has a slew of “real-world, practical use cases that are far beyond the experimental stage.” Forkast Insights included the in-depth analysis and insights from top China-based blockchain insiders, academics, and leaders to see how one…

Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF

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The Ukranian government has approved the final version of a money laundering law that will handle virtual assets and virtual asset service providers (VASPs) per FATF guidelines. On Dec. 6, the Rada, Ukraine’s legislative body, published a final version of the law that considers virtual assets to be a store of wealth, while also recognizing its potential use in financial crimes, such as money laundering, fraud, and the financing of terrorists. Applying verification to both sender and receiver The new law includes some guidelines on how the government intends to…

Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin

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Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared details about their progress. Also read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well When Markets Are Far Oil production has certain byproducts, one of which is natural gas. When drilling sites…