Digix announces ‘Project Ragnarok’ integration of dissolution mechanism for its DigixDAO platform. Gold-backed stablecoin issuer Digix has integrated a dissolution mechanism into its DigixDAO platform, created to fund projects which encourage the growth of the Digix ecosystem. Each quarter, DGD token holders will vote on the mechanism — called Project Ragnarok — with DigixDAO only…
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Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. The pilot program was initiated by Rosseti, Russia’s national energy grid operator, which is…
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Digital payments giant PayPal is suing the Consumer Financial Protection Bureau for making it provide disclosures for fees it does not charge. PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees. The digital payments giant filed a lawsuit against the CFPB on…
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Monero’s compliance workgroup concludes that FinCEN Funds Travel Rule does not apply to underlying assets and cryptocurrencies such as XMR. The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post. What…
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Bitcoin continues to trade sideways, leaving the door open to generate generous profits by trading altcoins. Trading altcoins continues to be one of the most profitable strategies in the crypto market. The highlight of this week was the MATIC (MATIC) pump and subsequent dump, which I was lucky enough to time perfectly, securing a 60%…
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Recently funded social media Bitcoin transfer service, Bottle Pay, is shutting down citing new AML regulation in the EU as the reason. The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations. Funds will…
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The inventor of Bollinger Bands warns his price instrument shows Bitcoin and other cryptocurrencies are facing an imminent return to volatile conditions. Bitcoin (BTC) briefly fell back below $7,200 on Dec. 14 as bearish sentiment continued to pervade cryptocurrency markets. Cryptocurrency market daily overview. Source: Coin360 Bollinger: Bitcoin preparing for next breakout Data from Coin360…
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Let’s see what happened this week in the Cryptoverse. Matic and some other Binance IEOs rallied, but then Matic droped a nightmarish 66%, seeing even Binance investigating it; Tezos entered the Top 10 club; Zcash prepared for Blossom, but then XRP became the only green one; BTC dev says that the new ETH solution is…
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Owner of popular social media app TikTok has launched a joint venture with a state-owned Chinese media group to develop business lines for blockchain and AI. Owner of major social media app TikTok, ByteDance, has launched a joint venture with state-owned Chinese media group and ThePaper.cn operator Shanghai Dongfang Newspaper to develop business models that…
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Interest-bearing crypto saving accounts have become a popular new investment vehicle for digital asset investors who want to earn interest while HODLing. In this article, we will take a quick look into the basics of the crypto saving account market. What is a crypto savings account? A crypto savings account is effectively the same as…
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