Twitter community members are arguing about which international payment system is better – Ripple or PayPal. Is Ripple Slower than PayPal? The argument started with a tweet from Tony Vays, a derivatives traders and host of a crypto-related podcast and dedicated events. He indirectly criticized Ripple for being too slow by comparing it to PayPal, Read more…
Under the fear of potentially losing monetary control, several central banks are focusing on developing and issuing a cryptocurrency. Indeed, according to an IBM-commissioned report, a central bank digital currency (CBDC) could be ready for consumers’ use within the next 5 years. IBM Sees Serious Future For CBDC’s The OMFIF-IBM report entitled “Retail CBDs: The Read more…
This morning bitcoin was making the headlines in a Chinese state newspaper as the bullish momentum gathers pace in Beijing’s blockchain drive. Bitcoin On The Front Page Reports are circulating on crypto twitter that Monday’s edition of the official state-run publication of the People’s Republic of China, Xinhua, featured an article titled ‘Bitcoin: The First Read more…
Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. Cash Restrictions May Boost Bitcoin Adoption The Malaysian government plans to impose restrictions on cash transactions reports local Read more…
Paxos, which operates a cryptocurrency exchange and several stablecoins, obtained the nod of the US Securities and Exchange Commission (SEC) to run a pilot project that will leverage blockchain for the stock market, according to a statement released last week. Settling Stocks with Blockchain Last week, Paxos obtained the no-action relief letter from the SEC. Read more…
Whether the dollar likes it or not, the digital yuan is coming. China has staked its claim for a digital version of its fiat currency, and by the looks of things, the ambition is truly global. The
The post China’s digital yuan will be the ‘weapon’ of de-dollarization appeared first on AMBCrypto.
Argentina’s government is imposing stricter measures to prevent access to foreign exchange reserves. As a result, Bitcoin price on one of the country’s local exchanges is currently trading at a 25 percent premium. Trading Jobs Cut Boosts Bitcoin Price Shifting politics, economic uncertainty, and stricter forex controls have led Argentine banks to eliminate trading desk Read more…
For the third time this year, the US Federal Reserve has cut interest rates amid a global economic slowdown. Crypto markets did not react to the news but the outlook for the global economy is darkening as another recession looms. What does all of this mean for crypto though? Third Cut This Year This week Read more…
Yesterday, Bitcoin (BTC) plunged by $300 in literal minutes, falling to as low as $9,200 after consolidating in and around $9,500. There were many saying that this flash crash-esque move validated their bearish analyses, which implied that BTC would return to the $8,000s in the coming days. However, true to the volatile nature of the Read more…
As Mark Zuckerberg testifies in Congress today, October 23, 2019, about Libra, the prevailing question is no longer if digital assets will go mainstream, but how they will do so and who will control them when they do. In one corner is the U.S. government. Inspired by and fearing China’s progress in launching a digital Read more…