As bitcoin is now exploding and imploding on a daily basis, going to $8,000 to current lows of $6,300, the "people's currency" thrives in the state of Zimbabwe. Bitcoin seems to offer "rare protection from the onset of hyperinflation and financial implosion", says The Hindu Business Line. Zimbabweans are afraid of their currency losing value…
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The European Securities and Markets Authority (ESMA) informed that it has today issued two Statements on Initial Coin Offerings (ICOs), one on risks of ICOs for investors and one on the rules applicable to firms involved in ICOs. ESMA has observed a rapid growth in ICOs globally and in Europe and is concerned that investors…
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Bitcoin price is tumbling with around $1,000 after the upgrade that was scheduled to take place on the 16th of November was called off. Now, investors seem to invigorate interest towards Bitcoin Cash (BCH). After Bitcoin reached an all-time high of $7,800 in the past few days, after SegWit2x was cancelled, the current price is…
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Quoine is the first global cryptocurrency FinTech company to receive a license from Japan Financial Services Agency Quoine’s ICO, also known as the QASH Token Sale, started on November 6th at 00:00AM SGT. The QASH Token Sale had 4,988 participants from 98 countries around the world. At the end of the sale on November 8th at 23:59PM…
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ICOs, or initial coin offerings, seem to have replaced the IPOs, the initial public offerings, in hype and attention. With the cryptocurrency market capitalization currently going through $200 billion, it is interesting to note the differences between ICOs and IPOs. An ICO, or an initial coin offering, is a sort of a crowdfunding project, with…
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Cargill, the American agricultural company, has decided to use the technology of blockchain to track the origins of Thanksgiving Turkey. Blockchain has seen so many applications in so many industries and sectors, that it is not surprising at all to see that kind of innovation employed by a big US company. The testing will be…
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After banning domestic exchanges from trading bitcoin and cryptocurrencies, the People's Bank of China may be thinking of developing a domestic currency after all. China seems to be eager to join the "cryptocurrency hype", especially after the total market capitalization of digital currencies hit $200 billion, with the major driver being Bitcoin, which surpassed the…
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As blockchain has already disrupted industries and countries from Russia to Australia, Malta is not in line to disrupt the online gaming industry through blockchain. Time of Malta reported: "The Malta Gaming Authority (MGA) is leading by example in establishing Malta as a frontrunner in this regard, and, in the White Paper published in July…
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Despite Bitcoin's hockey-stick price chart over the last week, hitting $7,500 level, still, the general perception of the digital currency is that it can be largely used for illegal purposes like drug and human trafficking, terrorist financing and others. Now, Vatican City is working with major financial institutions to better understand the use of crypto…
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India seems to be going out on a limb with the technology of blockchain, since many Indian companies are now using it for improvement of various services and products. The India Times reported that Bajaj Finserv, the holding company of Bajaj Group's NBFC and insurance firms, is using blockchain technology for services like travel insurance, for…
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