Bitcoin Cryptocurrency News

NBA Star to Convert His $34M Contract into a Digital Investment

An NBA basketball player for the Brooklyn Nets, Spencer Dinwiddie, is converting his multi-million dollars contract into a digital token investment vehicle, according to The Athletic’s sources. Dinwiddie To Securitize NBA Contract The disruptive effects of cryptocurrencies and blockchain technology are permeating all industries and sectors, including the world of sports. Most recently, Shams Charania Read more…

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France To Block Libra But FINMA Eager For Regulation

Fresh reports have revealed that France wants to block Facebook’s Libra cryptocurrency in Europe. Meanwhile, financial regulators in Switzerland say they are open to international cooperation in the creation of a regulatory framework for the proposed cryptocurrency project. Libra Shall Not Pass London-based City A.M. has released a report purportedly from AFP that regulators in Read more…

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Tether (USDT) Launches Digital Yuan Before PBoC

Controversial firm Tether Limited has announced that it is expanding its list of stablecoins by launching an offshore yuan-backed digital currency.  Tether Continues its March The Hong Kong company said in a short blog post that the new stablecoin, known as CNHT, would be pegged one-to-one to the offshore Chinese yuan. Like its popular stablecoin Read more…

Bitcoin Cryptocurrency News Market

Bitcoin Stored in Bakkt Warehouse Covered by $125M Insurance

Bakkt, the Bitcoin futures trading platform backed by NYSE parent Intercontinental Exchange (ICE), announced on Monday that its custody service is now live and protected by an insurance policy worth $125 million. Bakkt Warehouse is Now Active The operator of the first Bitcoin futures platform with physical deliveries said in a Monday tweet that it Read more…

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China’s State-Backed Cryptocurrency: ‘Gaining Momentum’ Or ‘Inaccurate Speculation’?

China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’. Then yesterday, it published an article suggesting that plans are gaining momentum, with a pilot-scheme in Shenzhen imminent. Read more…

Blockchain Cryptocurrency News Market

BoE Governor Mark Carney Proposes Global Cryptocurrency

Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and Read more…

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Winklevoss Twins Open to Partner with Facebook Despite Old Disputes

Tyler and Cameron Winklevoss, the co-founders of crypto exchange Gemini, admitted in an interview with CNN that they were ready to partner with Facebook for the Libra project. Tyler and Cameron Winklevoss Believe in Libra On August 19, Winklevoss brothers told CNN’s Poppy Harlow that they would close their eyes to their rivalry with Facebook’s Read more…

Bitcoin Cryptocurrency News

China Ready to Roll out State-Backed Digital Currency

According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. Facebook Libra’s coin has been all Read more…

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English Football Giant Newcastle United Scores Crypto Trading Sponsor

Newcastle United  F.C. – one of the top-tier Premier League football teams in England – now has a new crypto trading sponsor. Newcastle United Scores Crypto Partnership According to a press release published today, StormGain becomes Newcastle United’s new Official Sleeve Partner, showing off the cryptocurrency trading platform’s brand name on the football team’s shirts Read more…

Bitcoin Cryptocurrency News

Australia Wants To Limit Cash Payments Not Cryptocurrency

Draft legislation from Australia’s Department of Treasury has proposed limits on cash payments exceeding $10,000. Interestingly, cryptocurrency is not negatively mentioned in the document. Australia Moves to Limit the Size of Cash Payments Australia’s Department of Treasury recently published a new set of preliminary guidelines that govern the size of cash-based currency payments. The draft Read more…