Accounting firm Grant Thornton will record intercompany transactions for its clients on the EOSIO blockchain, capturing a small slice of an area worth $40 trillion annually. Major U.S. accounting firm Grant Thornton is moving all of its clients’ intercompany transactions to the EOSIO network. Grant Thornton’s new inter.x platform uses blockchain technologies to provide transparency…
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Sumitomo Mitsui Financial Group, Japan’s 2nd-largest lender by assets, will sign an agreement with SBI Holdings for new smartphone services. The second largest bank in Japan will sign a deal with SBI Holdings to offer digital banking services available on smartphones. According to an April 27 article in the Nikkei newspaper, the Sumitomo Mitsui Financial…
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The founder of Quantum Economics sees Bitcoin and the S&P 500 more closely correlated than ever as a result of the coronavirus pandemic. Crypto analyst Mati Greenspan won the title of “father of the year” from the two hosts of Virtual Blockchain Week as he tended to his child while delivering a presentation to the…
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Crypto analyst Mati Greenspan noted the annual inflation rate of Bitcoin would fall from 3.65% to 1.8% once the halving happens in May. Once the Bitcoin rewards halving goes through on May 12, the annual inflation rate of the cryptocurrency will be about half of the global average. As crypto analyst Mati Greenspan noted on…
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The incarcerated Silk Road founder sees long term bullish possibilities for Bitcoin in 2020, with a potential market cap of $7 quadrillion. After predicting a possible Bitcoin price drop to the $3,000s, Silk Road founder and federal inmate Ross Ulbricht sees long-term bullish possibilities for the cryptocurrency price staying well above $20,000. Posting to his…
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Central banks affect decentralized finance, and decentralized finance affects central banks. Which could benefit from this ideological war? Philip Coggan, a British business journalist and news correspondent who writes for The Economist, once mentioned, “Modern money is debt and debt is money.” Few would disagree with this claim. Yes, the vast majority of money circulating…
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Russell Okung, an NFL player for the Los Angeles Chargers, is backing the Bitcoin rewards app and debit card Fold. Okung Ventures, the venture startup founded by NFL star Russell Okung, is backing Bitcoin (BTC) loyalty outfit Fold to help crypto holders earn BTC as well as spend it. The Los Angeles Chargers player invested…
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The Japan Security Token Offering Association announced on April 20 it had issued new guidelines to protect clients’ assets and privacy. The Japan Security Token Offering Association (JSTOA) has just released self-regulatory guidelines on how to separate customer assets and electronic record transfer rights. Available on the JSTOA website on April 20, the association attributes…
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Oxford law researchers argue that crypto market regulation is necessary to prevent systemic risk in times of crisis. The recent phenomenon of people moving their assets into crypto as a safe haven in responding to the financial crisis has drawn the attention of the academic world. Per an Oxford University Law Faculty blog post from…
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From dwindling numbers of Twitter users in Q1 to large-scale liquidations in 2019, reduced engagement has affected the price of XRP. According to a quarterly report, online engagement towards XRP on Twitter fell in Q1 2020, while Ripple was forced to liquidate many of its holdings to stay cash flow positive. The report, by social…
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