Analysts Disproves Cryptocurrency Money Laundering Article by the WSJ

Analysts Disproves Cryptocurrency Money Laundering Article by the WSJ

It’s no secret that some media outlets and journalists have a grudge against the decentralized cryptocurrencies. The main reason for this is that some media outlets favor and benefit from the centralized system. Sometimes, they are even paid to write ill about cryptocurrencies just to hinder their widespread popularity. As any news about cryptocurrencies tends to be widely popular amongst the readers, and some of the media sources write about these digital assets without even…

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Crypto Data Company CoinMarketCap Rolls Out Cryptocurrency Indices on Bloomberg, Reuters, NASDAQ

Crypto Data Company CoinMarketCap Rolls Out Cryptocurrency Indices on Bloomberg, Reuters, NASDAQ

CoinMarketCap has long been one of the leading data collectors and distributors for cryptocurrencies and digital assets. Now, it has launched two cryptocurrency benchmarks on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart, as well as on their own platform. The news came Wednesday when CoinMarketCap announced the launch of its indices in a blog post on its website. CoinMarketCap claimed that their…

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Venezuela’s Maduro Regime Targets Cryptocurrency Remittances to Finance Itself

Venezuela’s Maduro Regime Targets Cryptocurrency Remittances to Finance Itself

According to a report published by Bloomberg back on January 31st, Venezuelans were moving to the black market to buy dollars because the officially sanctioned government exchange rate rose way above the black market rate. The same report also says that the reason behind what caused the reversal of the long-time dynamic and collapse in the supply of dollars is still uncleared. Due to the excessive fees of the official exchange, people were forced to…

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Avnet and Bitpay Partner Up to Enable Cryptocurrency Payments

Avnet and Bitpay Partner Up to Enable Cryptocurrency Payments

Cryptocurrency payments have always been a great alternative for centralized fiat payment methods. However, with only a few companies accepting such digital payments, it has become extremely hard for the world to experience the benefits of blockchain-based virtual currency. While only a few highly reputed companies such as Microsoft have been accepting crypto payments for a while now, not many other organizations have followed this trend. This is all now beginning to slowly change as…

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Bitmain Claims its New Miner Z11 Is 3x More Powerful Than its Predecessor

Bitmain Claims its New Miner Z11 Is 3x More Powerful Than its Predecessor

Bitmain, the Beijing-headquartered cryptocurrency mining giant, announced the release of its new miner that it claims is three times more powerful than its predecessor. The new device, named Z11, is aimed at mining virtual coins that are based on the Equihash proof-of-work algorithm. The privacy-focused altcoin ZCash (ZEC) is going to be one of the primary beneficiaries of this new all-powerful miner. Despite the current bear market having affected miners’ ability to invest in new…

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Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

The biggest online retailer in Switzerland, Digitec Galaxus, has recently announced that it will now accept cryptocurrencies as a medium of exchange, according to a press release published on March 19. According to ecommerceDB, an e-commerce data platform, Digitec Galaxus was first launched in 2010, it is the world’s 100th biggest online retailer, and in 2018 had net sales of over $811 million, which seem only to increase this year. Digitec Galaxus, from now on,…

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The Winklevoss Twins Don’t Seem Bothered by the Crypto Winter

The Winklevoss Twins Don’t Seem Bothered by the Crypto Winter

All of us remember the infamous Winklevoss brothers from the 2010 movie, The Social Network. These were the same brothers who sued Mark Zuckerberg for stealing their idea of Facebook and making it his own. The twins settled after being paid millions of dollars as well as certain amount of FB shares. The twins did not stop just there. After earning millions of dollars from their settlement, the brothers came across the next big thing,…

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IBM to Create Fiat-Backed Stablecoins for 6 Banks with Stellar’s XLM

IBM to Create Fiat-Backed Stablecoins for 6 Banks with Stellar’s XLM

IBM is taking its banking clients a step closer to cryptocurrency with IBM’s Stellar-powered money wiring service on which six major international banks will launch their own fiat currency-backed stablecoins. According to Jesse Lund, Vice President of IBM Blockchain and Stellar co-founder Jed McCaleb, as many as 44 international banks are using the IBM’s payment network, IBM Blockchain World Wire, and many of them have signed the letters of intent to launch their own stablecoins…

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Cryptocurrency Exchange Gatecoin to ‘Cease Operation with Immediate Effect’

Cryptocurrency Exchange Gatecoin to ‘Cease Operation with Immediate Effect’

The Hong Kong-based cryptocurrency exchange Gatecoin has closed down its website and replaced it with a simple announcement revealing that they have received a ‘winding up’ order from an unnamed court. This news comes after a string of unfortunate events that had been weighing down the firm for the past year. Difficulties with 3rd party payment processors, getting hacked, having its banking accounts frozen were just some of the challenges that played a part in…

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Australia to Write a National Blockchain Roadmap; Donates AU$100,000 to Blockchain Ventures

Australia to Write a National Blockchain Roadmap; Donates AU$100,000 to Blockchain Ventures

Karen Andrews, Australia‘s Minister for Industry, Science and Technology, has recently announced through a press release that the current Australian administration – the Morrison Government – will help to boost blockchain technology by laying the required foundations to write a national blockchain roadmap and donate AU$100,000 ($71K) towards advancing its usage within the public sector. Presumably, this will help Australia becoming a “world leader” in the budding blockchain industry. According to Karen Andrews, this is…

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