Hong Kong is set to explore a general purpose central bank digital currency (CBDC) in an upcoming project tagged Project Aurum. This was disclosed by the Hong Kong Monetary Authority (HKMA) deputy chief Howard Lee. Project Aurum Lee said that CBDCs have been high on the Central bank’s agenda and believes CBDCs would potentially foster …
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General Manager of Bank of International Settlements (BIS) Agustin Carstens has given his opinion on the role cryptocurrencies play in the economy. According to Carstens, cryptocurrencies are mostly used to commit crimes and should be strictly regulated. Carstens, who aired his view in a CNBC show, said digital currencies were mostly used to execute arbitrage …
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Top fraud prevention company Bolster released key findings in its recent Cryptocurrency Scam Report. The report, which cast real-life scenarios, shows the relationship between the upsurge of crypto-related scams and the industry’s meteoric growth. Crypto’s Growth Attracting Criminals According to the US technology firm, 400,000 crypto scams were documented in 2020 alone after an increase …
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On the 25th of March, 2021, Avanti Financial Group gave out an announcement that it had successfully raised $37 million by way of a Series A funding round. This allows the company to take another step closer to its plans to launch a digital asset bank. Big Players Involved In the announcement, Avanti declared that …
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The March 2021 edition of Cardano 360 revealed some interesting information. Charles Hoskinson, the CEO of IOHK, had revealed through this over three-hour event that there is a rollout plan for the Alanzo hard fork. This hard fork will allow the fourth-largest blockchain in the world, Cardano, to have smart contract capabilities. Plans For The …
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The Canadian Revenue Agency (CRA) has successfully compelled Toronto-based crypto company Coinsquare to release its customers’ data. In a recent court ruling, the blockchain company was directed to grant access to its Canadian customers’ crypto trading activity and identifying information. “Limited” Access To Customers’ Data After Ruling The blockchain firm that has been embroiled in …
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Master The Crypto ranks the best cryptocurrency news websites to help investors and traders find the top bitcoin headlines and trending blockchain stories in the industry. Cryptocurrency News Websites: 20 Most Popular Bitcoin & Blockchain Media Publications Crypto news has become quite an intriguing industry as bitcoin continues to enter the mainstream media cycle and …
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The bitcoin, blockchain and greater cryptocurrency vocabulary world can be confusing if you are not hip to the latest ‘crypto’ terms and definitions. Here is a complete user review guide dictionary to use: # 1hr: As the name suggests, the term ‘1hr’ implies a time window during which data related to a particular technology (such …
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WINk’s low-cost yield farming offerings are attracting retail DeFi investors who have been priced out of Uniswap due to high Ethereum gas costs. Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 ‘summer of DeFi’ as the primary catalyst for the rallies seen in Ether (ETH) and …
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Cryptocurrency exchange tokens have seen major gains, but has this changed their original use case to become a good investment for hodlers? Native exchange tokens have exploded in value in recent months, alongside the wider cryptocurrency markets, changing the narrative for what these tokens were originally meant for. Bitcoin (BTC), Ether (ETH) and other cryptocurrencies …
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A number of factors indicate that the present is a beneficial time for eToro to go public, according to the company’s CEO. Over the course of 2020, eToro sized up significantly, as Assia explained: “We’ve grown more than 147% year-over-year revenues,” he noted. This year rolled in with mainstream and crypto bull markets in full …
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Is Bitcoin’s macro upward journey over? PlanB says no. Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however. “IMO we are only ~4 months into the bull market …
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A Stake.com review shows that quite a number of Bitcoin betters are using their games and books to make a decent amount of winnings — but what about taxes on such things? If you’re a Bitcoin better, do you need to worry about taxes? Like most things regarding taxes and financial transactions, it all depends …
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With the recent sale of a .jpg by digital artist Beeple in a Christie’s auction for $69 million, NFTs have suddenly jumped into the mainstream in a big way. Here’s a history to better put Beeple’s jackpot in context and to help understand where it might go from here. Cryptocollectibles or non-fungible tokens (NFT) are …
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As the cryptocurrency market matures, investors are seeking out new ways to invest in Bitcoin and cryptocurrency. Contracts for Difference (CFDs) provide one option. What Is Bitcoin? Bitcoin is a cryptocurrency—a digital currency powered by a decentralized network of node operators. It was invented in 2008 by Satoshi Nakamoto, and over the past decade, countless …
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