Although recent press reports may contend otherwise, not all central banks are opposed to the notion of cryptocurrencies. The World Economic Forum released a report back in April that revealed that there are several ongoing central bank led projects that involve blockchain technology in support of what is called a Central Bank Digital Currency (CBDC).…
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As Russian government officials continue to debate the efficacy of cryptocurrencies and blockchain technology, industry observers are curious as to why there has not been a major push to lead in this arena. Observers have noted that Russia is definitely a “global powerhouse for development talent and business acumen in the blockchain space”, but, unlike…
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Right now, it is vital for cryptocurrencies to gain some regulatory "love", otherwise the future of digital coins is bleak. Just now, the US suggested that they will discourage tech companies from issuing digital currencies, and it seems by all means that Donald Trump, the US President, is not a fan of crypto. Probably the…
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There is a maxim in corporate strategy that suggests that you may never be able to guess accurately guess how the market may receive a new product offering, but the moment the announcement is made, the consequences and reactions from competitors become abundantly clear immediately. Such may now be the case with Facebook’s Project Libra.…
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Binance recently listed Dogecoin, Elon Musk’s favorite altcoin. Back in 2018, Leaprate reported the story of Dogecoin – an alt coin created as a joke, it reached a market cap of $2 billion in the beginning of 2018. Dogecoin was created as a joke to mimic the 2013 meme of a dog that went viral…
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The economy in Venezuela is going down. The country is experiencing high inflation and constant shortage of food and water, mainly because of US sanctions. In the summer of 2018, Leaprate reported that President Nicolas Maduro has placed all "his eggs in one basket" - by using the petro, a state-backed digital coin, to save…
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CoinEX is one of the leading exchange platforms in the cryptocurrency space. Back in July 2018, Leaprate reported that CoinEX has surpassed Binance by trading volume. The exchange incorporated the so-called “trans-fee” mining model. The model allows exchanges to issue its own tokens and pay these to users in exchange for the regular transaction fees…
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After JP Morgan's alleged JPM Coin's launch came to life, another major US bank may be thinking of launching its very own digital coin. Goldman Sachs may be following in the footsteps of its biggest competitor. JP Morgan essentially becomes the first major US bank with its very own cryptocurrency. As Leaprate reported: "As reported…
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The Government of Iran has decided to stop the power for crypto mining until new prices for energy are approved, reported Zero Hedge. An Official of the Iran's Ministry of Energy, Mr. Mostafa Rajabi Mashhadi, has revealed that the electricity consumption in the country has climbed with 7% for a period of one month only…
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The Trump Administration is anything but boring. Even potential Trump "employees" are constantly in the news either because of scandal or a really "good idea". Be that as it may, an economist who rescinded his bid to joint the Federal Reserve, plans to launch his very own Crypto Central Bank or the so called -…
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