Conspiracy theories A digital currency could allow countries to bypass traditional payment systems and engage direct trade with the US and by doing so, reduce the role of intermediaries like banks. Some have suggested that a digital currency could allow the US to default on its debt without actually defaulting. This could be possible if…
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The Dash Gold Foundation has announced that it will use the gold SKR (Safe Keeping Receipt) to promote BDSG (Beyond Dashgold) digital currency payment business, online shopping mall and gold sales business, and digital currency ATM business. Gold SKR is issued by BankoSentralng Pilipinas, and the beneficiary is the Dash Gold Foundation. BDSG, a digital…
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China is aiming to carry out the initial real-world trial of its central bank digital currency (CBDC), according to local news outlet Caijing. The initial test for the CBDC is scheduled for Shenzhen before the end of the year, possibly including the city of Suzhou as well. With the support of the People’s Bank of…
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The story of Facebook's Libra and Mark Zuckerberg's "relationship" with the US Congress has reached new levels. The much awaited cryptocurrency called Libra might not be launched after all in 2019, as Facebook cannot get the approval of regulatory bodies yet. The European Union also expressed great concerns over the launch of such a global…
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It is a rare day that a banking institution or group of banks comes out in favor of anything having to do with cryptocurrencies and blockchain technology. It is even rarer still after considering the fact that government officials have for months been on a caustic rant against Facebook, Libra, and all things crypto. While…
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After Congress’s public thrashing of Facebook’s Libra project and all things crypto, it was only a matter of time before a few Congressmen would bandy together to propose a “news catching” or “click bait” type of response, as a way to counter to this somewhat overblown threat. In a letter to Federal Reserve Chairman Jerome…
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The IRS has already sent a letter of warning to cryptocurrency investors to properly claim their "digital assets" and pay the respective taxes. Now, only after a few months after the first warning, the second one is in. This time, however, the letter is received by some crypto investors whose federal tax returns do not…
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July has finally ended. It seemed to be a month where every government official, including President Donald Trump, regulator, and died in the wool crypto skeptic decided to make a concerted effort to banish Bitcoin and the notion of cryptocurrencies from the public consciousness. After several years of endless debate, Indian authorities even stopped their…
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As of today, there are around 4,200 Bitcoin ATMs, which are placed in more than 75 countries around the world. Now, the first Bitcoin ATM in Venezuela is to be launched within the next 2 weeks. The news reportedly comes from the CEO of Cryptobuyer, Jorge Farias. Cryptobuyer is a company that helps people get…
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The digital asset exchange OKCoin exchange has just announced that it has added Tron (TRX) as a new listing, starting today. Authorized OKCoin clients can now exchange US dollars or Argentine pesos for TRX, or acquire TRX by pairing it with cryptocurrencies including Bitcoin, Ethereum, XRP, Cardano, Lumens, Zcash, 0x and others. The current price…
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