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Digital Currency


Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. With blockchain platforms being tested for various business processes, prospective enterprise users that are unwilling to …

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Cryptocurrency exchange Gemini has hired former New York Stock Exchange (NYSE) chief information officer Robert Cornish to serve as its first chief technology officer. The exchange, founded by investor-brothers Cameron and Tyler Winklevoss, announced Friday that Cornish would be in charge of Gemini’s technology team and strategy, according to a press release. Further, Cornish will …

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Central banks aren’t ready – at least in the short-term – to handle the implications of launching wholly digital currencies, the deputy governor of the Bank of Italy said Thursday. Fabio Panetta delivered the keynote address for the SUERF and BAFFI CAREFIN Centre Conference held at Bocconi University. In his remarks, he became the latest to …

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The amount of venture capital fundraising for Blockchain-based companies so far in 2018 has already reached more than 40 percent of last year’s total, according to a report released by Crunchbase News on Feb. 27. Crunchbase News determined the companies to include in their data analysis by making a list of all organizations already categorized …

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Reports surfaced Saturday night that Tether and their auditor, Friedman LLP, had dissolved their relationship. Due to the weekend, independent confirmation has not been received. Calls to Friedman LLP have gone to voicemail. It does seem unusual for either company to take such an action without issuing a formal statement, particularly since this would create …

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China’s central bank is considering its own digital currency, but it may not be built with blockchain technology, according a senior official. In an op-ed article published by Chinese media outlet Yicai, Fan Yifei, vice governor of the People’s Bank of China (PBoC), outlined the bank’s direction on a potential central bank digital currency (CBDC). …

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Bitcoin is under heavy surveillance on Bali, an island in the Indonesian archipelago, according to local reports. Central Bank officials are seeking to crack down on the use of the cryptocurrency anywhere in the nation. Causa Iman Karana, head of Bank Indonesia’s representative office in Bali said: “We found out from some postings on social media that …

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The common question you hear from any doubter of digital currencies and their future in our world is “what is the use case?” Often, people look at Bitcoin and see its shortcomings as a medium of transfer, and use that as their justification for being short digital currencies. Spending Bitcoin or any other digital currency …

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A brand new startup The Tap Project plans to change the existing world of online games by introducing an innovative cryptocurrency, the Tap Coin. It’s a utility token that can traverse multiple platforms and be converted to any cryptos or fiat money.  With the Tap Coin, gamers will be literally getting paid to play, having …

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During a Facebook Live interview between Xapo CEO and Paypal board member Wences Casares and PayPal CEO Dan Schulman on Jan. 12, Casares explained his vision of a single “robust” Blockchain to move value globally, saying Bitcoin (BTC)’s Blockchain would likely play this role. He also predicted that BTC could become an apolitical standard of …

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The US Secretary of the Treasury, Steven Mnuchin, made a number of statements regarding the international use of digital currencies at a meeting of the Economic Club of Washington on Friday. The Secretary expressed his concern that Bitcoin wallets could potentially become the modern equivalent of the anonymous Swiss bank account. He intends to work with …

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While the Asian market accounts for a large portion of the cryptocurrency market, not all of the countries in the East have been as receptive to the burgeoning market. However, the situation is totally different in Japan thanks to a soft approach from government and much higher adoption. Japan continues to lead the way in …

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The Bank of England has dropped plans to launch its own digital currency amid concerns about its impact on the financial system. The U.K.’s central bank told FTAdviser that it has “no current plans” to launch its own cryptocurrency, but will continue to research the topic. The announcement comes just days after the central bank had said …

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The common question most people pose when they are confronting the idea of Bitcoin is: “what is its fundamental value?” Lay people don’t know how to approach Bitcoin, and they definitely don’t know how to value it. For many, it simply becomes a bet based on the supposition the price will continue to go up. …

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The Bank of England has dropped plans to launch its own digital currency amid concerns about its impact on the financial system. The U.K.’s central bank told FTAdviser that it has “no current plans” to launch its own cryptocurrency, but will continue to research the topic. The announcement comes just days after the central bank had said …

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In spite of government’s efforts to curb the growth of cryptocurrencies and Blockchain in India, the people of India and the Indian market for cryptocurrencies appear to love them all the more. The year 2017 has been particularly interesting for the growth of cryptocurrencies in India, mainly due to the ‘to the moon’ journey of …

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The cryptocurrency market is getting back on its feet after a brutal day yesterday. The majority of coins have risen by 10-20% over the last 24 hours after more than a 30% fall on Friday, Dec.22. The total digital currency market capitalization went from $650 bln to $430 bln yesterday and has now rebounded to …

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The Baltic nation of Estonia is moving closer toward the potential launch of its own crypto token. In a blog post published today, Kaspar Korjus, managing director of the country’s e-Residency initiative, set out three possible use cases for the token –  dubbed “estcoin” – that have been arrived at since the concept was first aired in …

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The US chief financial watchdog, the Financial Stability Oversight Board (FSOC), claims that Bitcoin and other cryptocurrencies do not pose a threat to existing financial systems around the world. In its 152-page report, the FSOC stated that virtual currencies are only utilized by a very small number of consumers and their underlying Blockchain technology offers …

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An Italian woman has been sentenced to six years in jail in Denmark for hiring the murder of her former boyfriend using Bitcoin, according to Reuters. The 4.1 Bitcoin payment was made in March at a time when that amount would be worth around $4,000. The transfer to the hitman’s digital wallet was presented to the court …

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