Cryptocurrency

The World Is Embracing Digital Currency, and the US Is Falling Behind

For many people all over the world, paper cash and metal coins are already items of memory. Mobile payment providers,like Apply Pay and Samsung Pay, are being used at cash registers in countries like the United Kingdom and Japan, and people have responded well to the ease of this system and some of the benefits […]

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US Senate Testimony Adds New Perspectives to Cryptocurrency and Blockchain Ecosystem

The US Senate e-Banking Committee’s hearing for Exploring the Cryptocurrency and Blockchain Ecosystem entered into a fantastic debate as witnesses Dr. Nouriel Roubini and Peter Van Valkenburgh argued the opinion for and against cryptocurrencies and blockchain.

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Cryptocurrency Theft Hits Nearly $1 Billion in First Nine Months of 2018

Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday.

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Is Congress Really Ready to Take on Crypto?

Momentum appears to be building for lawmakers to take a hard look at cryptocurrency and the technology behind it. Just a few weeks ago, House lawmakers announced the establishment of a Congressional Blockchain Caucus. A handful of representatives then held a roundtable with business leaders focused on how to regulate the nascent industry.

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Crypto Industry at Risk of a Strong Downturn

Echoing sentiments of mainstream economists, Juniper Research is warning that many of the metrics in the cryptocurrency world are pointing to a market implosion. Industry bellwether Bitcoin had seen its daily transaction volumes fall from an average of around 360,000 a day in late 2017 to just 230,000 in September 2018.

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IMF Issues Stark Warning Over Bitcoin and Crypto ‘Rapid’ Growth

The International Monetary Fund (IMF) has warned the rapid growth of bitcoin and cryptocurrency assets could create new vulnerabilities in the international financial system, as the world’s banks adjust to the recent bitcoin and blockchain boom.

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Mobile Wallet Adoption: Asia Outpacing West as Crypto Rises

Mobile wallet adoption in Asian markets like China, India and Taiwan is much higher than in the US, the UK and Germany, finds GlobalData. According to a new survey published by the company, increasing popularity of smart devices has enabled rapid adoption of mobile wallets in the region, and they are now gradually replacing cash […]

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India Making Plans to Launch Its Own Government Backed Cryptocurrency

Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency.

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The Challenges of Cryptocurrency Regulation

Volatile cryptocurrencies require regulation, but regulators face many questions about how to do so. History may not repeat itself, but it clearly does rhyme. During the dot-com bubble, Board of Governors of the Federal Reserve System Chairman Alan Greenspan famously observed that investors were the victims of irrational exuberance.

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Should Banks Be More Open to Cryptocurrencies?

The jury is still out on cryptocurrency. In the first several years following the inception of Bitcoin, banks had little to say about them. More recently, however, as cryptocurrencies have come to regularly dominate the news agenda and have become of interest to a much wider consumer audience, banks have had to decide where they […]

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Major Financial Banks Are Eager About Cryptocurrency but Require Regulatory Clearance First

According to Rebecca Harding who works as the CEO of Coriolis Technologies, a trading technology company that provides services to major banks and corporations in the traditional finance sector, a large majority of banks are healthily cynical and inquisitive about crypto.

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CFTC Increases Crypto Regulation in 2018

The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise in cryptocurrency cases and spoofing schemes.

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