Tether just updated its website to clarify that each of its USDT tokens, which it used to claim were “always backed 1-to-1 with traditional currency,” are backed by assets other than fiat currency.Now, the website instead reassures its patrons that it’s always “100% backed by [its] reserves.”…
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U.S. SEC Chairman Jay Clayton shared his concerns over the potential for manipulation vis-a-vis a Bitcoin ETF
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On March 9–10, 2019, the Massachusetts Institute of Technology hosted a two-day event, the MIT Bitcoin Expo 2019. Put together by the student-organized MIT Bitcoin Club, the conference welcomed more than just Bitcoin voices from every corner of the industry. One of those voices was that of…
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Commercial court clerks in France will use an IBM blockchain-based platform to record changes in companies’ legal status
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A group of international banking authorities, the Basel Committee on Banking Supervision, which is part of the Bank of International Settlements (BIS), has issued a statement on the current situation of the cryptocurrency market. BIS believes that cryptocurrencies are an unsafe medium of exchange and store of…
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The cryptocurrency world has seen its fair share of controversy, fake news, and rumors. It now seems another rumor is spreading, although it seems unlikely to have any major impact. A new set of cryptocurrency-oriented guidelines has been announced in Mexico, which leads many people to believe…
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During the crypto winter, a lot of cryptocurrencies were hit hard and Ethereum is just one of them. If there is anyone in the market that should be worried though its Joe Lubin who is the founder of ConsenSys, an incubator for Ethereum projects. Despite the hard…
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The Basel Committee has laid out guidelines for banks that plan to enter the cryptocurrency market. While outlining the supposed threats posed by crypto assets in terms of financial stability, the committee has said it expects banks that are going to have direct exposure to the crypto…
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March 13th, 2018, Shanghai – Work on Skycoin began in 2011 with the merging of three separate projects that aimed to improve upon the design and implementation of Bitcoin. The Skycoin developers identified several major philosophical design issues that they saw as obstacles to global use of cryptocurrency as a censorship-resistant…
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March 13th, 2018, Shanghai – Work on Skycoin began in 2011 with the merging of three separate projects that aimed to improve upon the design and implementation of Bitcoin. The Skycoin developers identified several major philosophical design issues that they saw as obstacles to global use of cryptocurrency as a censorship-resistant…
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