A draft document issued by the European Union suggests that the organization should consider issuing its own digital currency. A draft document issued by the European Union suggests that the union should consider issuing its own digital currency. Will the EU wage war on crypto? Reuters reported on Nov. 5 that the draft in question…
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Cryptocurrency exchange Bitfinex moved 1 .561 million USDT from the Omni Protocol to the Liquid Bitcoin sidechain. Cryptocurrency exchange Bitfinex moved 1 .561 million Tether (USDT) from the Omni Protocol to the Liquid Bitcoin (BTC) sidechain. Bitfinex CTO Paolo Ardoino announced the U.S. dollar-pegged stablecoin’s protocol swap on Twitter on Nov. 2. The conversion increases the quantity…
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If a stablecoin is truly stable, why is a futures contract needed, as there is no risk to hedge? OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and…
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Canada’s volatile history of mainstream adoption and fraud is directly impacting the future of cryptocurrency in the country. Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using Toronto to test its public government expenditure…
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Five European Union member countries are purportedly creating a unified front against the issuance of Facebook’s proposed Libra stablecoin. Five European Union member countries have reportedly teamed up to prevent the issuance of Facebook’s stablecoin Libra. Private meetings to turn EU against Libra Following a series of private meetings in October, France is reportedly leading…
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The Association of German Banks released a paper in which it says that the economy needs the digital euro. German banks have presented a position paper in which they make several arguments for the digital euro. On Oct. 30, in a paper released by the Association of German Banks (Bankenverband), which represents more than 200…
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Ethereum-based decentralized stablecoin DAI is now spendable where Visa cards are accepted and Tether sees more use by e-commerce organizations. Ethereum-based decentralized stablecoin DAI is now spendable where VISA cards are accepted and leading stablecoin Tether (USDT) is seeing increasing use by e-commerce organizations. DAI now usable in E.U. stores According to a press release…
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Cryptocurrencies like Bitcoin are not real money, according to a statement published by the German federal parliament. Cryptocurrencies such as Bitcoin (BTC) are not real money, according to a statement published by the German federal parliament on Oct. 28. Not a payment vehicle, not a store of value Per the announcement, the assets offered by…
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Stablecoin operator Paxos is launching its settlement platform for U.S.-listed equity securities after receiving a no-action relief from SEC. Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities. In an Oct. 28 press release, digital asset trust company Paxos stated that…
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Here is a list of where and how to secure ownership rights for businesses and real estate through a blockchain. The use of blockchain to cement ownership rights for real estate and business has been ongoing since 2016, when the technology was first used to organize new forms of registries and registration of transactions. The…
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