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How the World Is Regulating the $220 Billion Cryptocurrency Market

As an increasing number of people get involved with cryptocurrencies in some way, particularly retail rather than professional investors, regulators have taken a keen eye on the industry. But it’s not just bitcoin they are looking at.

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The World Bank Is Preparing for the World’s First Blockchain Bond

The World Bank has mandated Commonwealth Bank of Australia to arrange the world’s first blockchain bond. The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named bond-i, an acronym standing for Blockchain Offered New Debt Instrument. (It’s also a reference to Bondi Beach, an iconic spot in Sydney.

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IBM Trials Blockchain Platform Aimed at Banks

IBM launched a blockchain platform for financial services on Monday as it continued to bolster its offerings of the much-hyped technology. Blockchain is the technology that underpins the cryptocurrency bitcoin. It’s a public ledger of activity on the bitcoin network that is tamper-proof.

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Fed Chairman Powell Says Cryptocurrencies Present Big Risks to Investors

The head of the Federal Reserve raised concerns about cryptocurrencies on Wednesday, saying they present serious risks to investors. Jerome Powell told members of Congress that relatively unsophisticated investors see the asset go up in price, and they think: ‘This is great; I’ll buy this.’ In fact, there is no promise of that.

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Chinese Tech Giant Tencent Plans to Expand Its US Footprint – Despite Ongoing Trade War

Tencent will step up its efforts to expand its payment service WeChat Pay to the U.S., an executive at the Chinese technology giant told CNBC, hinting at more merchants coming on board later this year. WeChat Pay allows users to show stores a barcode on their smartphone via the Tencent-owned WeChat messaging app.

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IBM Is Experimenting With a Cryptocurrency That’s Pegged to the US Dollar

IBM has teamed up with financial technology start-up Stronghold to launch a cryptocurrency that’s pegged to the U.S. dollar. The tech giant has put its weight behind a so-called stablecoin, a digital token that, in principle, is tied to an existing government-backed currency, in order to reduce the volatility associated with virtual currencies.

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Instant Payment Apps Grow Up – Not Just for Millennials Anymore

Tara Moore | Getty Images You know a platform or tech is successful when it becomes a verb. A payments app owned by PayPal joined the ranks of Google and FedEx (at least in verbal usage) a few years ago when millennials began Venmo-ing each other to settle bar tabs.

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VIDEO: This Year Will Be for Building Out Cryptocurrency Infrastructure, Says Expert

Nolan Bauerle, Coindesk, discusses the outlook for cryptocurrencies like bitcoin and the underlying technology.

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Facebook Is Reversing Its Ban on Cryptocurrency Ads

Facebook is reversing its January ban on cryptocurrency ads, though advertisers will have to be pre-approved and ads related to initial coin offerings or binary options are still be prohibited, the company announced in a blog post.

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Apple: Don’t Use Your iPhone to Mine Cryptocurrencies

Tech giant Apple updated its developer guidelines to explicitly ban mining cryptocurrencies like bitcoin, according to the company’s website. The new rules restrict apps that drain battery, generate excessive heat, or put unnecessary strain on device resources – all of which take place in bitcoin mining.

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$1.1 Billion in Cryptocurrency Has Been Stolen This Year, and It Was Apparently Easy to Do

Roughly 1.1 billion worth of cryptocurrency was stolen in the first half of 2018, and unfortunately for owners, it’s pretty easy to do, according to cybersecurity company Carbon Black. Criminals use what’s known as the dark web to facilitate large-scale cryptocurrency theft.

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This Chart Shows How China Is Dominating Fintech

Even at a European conference about fintech, one country dominated the conversation: China. This week, hundreds of fintech companies, from startups to tech giants, gathered at the Money 20/20 conference in Amsterdam, Netherlands. One key theme at the gathering was China’s leading role in the fintech industry.

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