The CEO of Kakao said that the Klaytn blockchain developed by its subsidiary Ground X is similar in operation to Facebook’s Libra network but more advanced. Yeo Min-soo, the CEO of South Korean internet giant Kakao, said that his firm’s Klaytn blockchain is similar to Facebook’s Libra except it is way ahead in its development.…
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The Fed chairman’s recent letter illuminates how monetary policy bigwigs view crypto and if it might greenlight a USD stablecoin. Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously.…
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Major South Korean cryptocurrency exchange Upbit has lost 342,000 ETH. All users will soon be reimbursed with corporate funds. On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting…
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Security token offerings are beginning to provide stiff competition to IPOs. Could they become the norm? For businesses about to embark on periods of rapid growth, access to capital is essential. That said, traditional methods of fundraising sometimes leave a lot to be desired. Initial public offerings can help boost the profile of fledgling brands,…
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Big Four consulting firm KPMG officially launched its blockchain-based track and trace platform in Australia, China and Japan. Big Four audit firm KPMG has officially launched a blockchain-based track and trace platform in Australia, China and Japan. Dubbed KPMG Origins, the tool is designed to increase transparency and traceability of processes in multiple industries such…
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If it’s crypto-related, the crypto fans will notice it. Bitcoiners saw a Bitcoin (BTC) address in popular TV series Mr. Robot and, in the spirit of Thanksgiving, have actually sent some of the world’s number one cryptocurrency to it. For those of you who haven’t seen it yet, Mr. Robbot is a USA Network’s show…
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Speculation of the death of privacy coins has been greatly exaggerated as regulators are not advocating an outright ban and these coins are already preparing to comply with the infamous Travel rule, according to cryptocurrency intelligence and blockchain security company CipherTrace. “Cryptocurrency users ultimately have to cash out to fiat currency somewhere to Read more…
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Fidelity’s research and development division has completed a proof-of-concept process with security token expert Tokensoft, says the latter’s Head of Operations Lawson Baker in a recent blog post – creating a tokenized rewards system for Fidelity employees. Fidelity is the fourth largest asset manager in the world with USD 7.2 trillion in assets under management.…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The CEO of Mexican cryptocurrency exchange Bitso claims that some 5% of remittances sent from the United States to Mexico have been processed in cryptocurrencies so far this year.…
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Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra. Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra. According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto…
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