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Fundstrat Global Advisors co-founder Thomas Lee noted on Thursday that the “Bitcoin Misery Index” (BMI) — a metric he invented — recently hit its highest level since June 2016. This news comes via a tweet Lee published to his own account. The BMI measures how “miserable” Bitcoin (BTC) holders are based on price and volatility on a scale of 0 …
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April, 2019
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11 April
Circle CEO States Belief that Crypto Industry Is About Fundamentally Redesigning of Society
According to Circle CEO Jeremy Allaire, the blockchain industry is about redesigning the basics of how civic society functions. Allaire communicated this sentiment at a panel at the 2019 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington, D.C. yesterday. Allaine discussed his thoughts on the issues pertaining to the crypto and blockchain space …
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10 April
US’ New Digital Taxonomy Act Would Allocate $25 Million Per Year to Prevent Crypto Crime
The newly reintroduced Digital Taxonomy Act of 2019 (also known as the Token Taxonomy Act) suggests an annual allocation of $25 million to the Federal Trade Commission (FTC) to prevent crypto-related cybercrime. Originally proposed in December by Representatives Warren Davidson (R – Ohio) and Darren Soto (D – Florida) — a noted crypto advocate — but reintroduced yesterday, the bill …
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9 April
US House of Representatives Reintroduce Token Taxonomy Act, Which Would Exempt Crypto from Securities Laws
Members of the United States House of Representatives — one of the two houses of the country’s legislative branch, Congress — have reintroduced the Token Taxonomy Act. This news comes via a press release distributed earlier today. Initially proposed in December by Representatives Warren Davidson (R – Ohio) and Darren Soto (D – Florida), the bill would exclude cryptocurrency from …
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8 April
As Bitcoin Surges, Chinese Traders Pay Premium for Crypto on OTC Market
Amid Bitcoin’s recent price increase, Chinese traders are flooding back into crypto trading, and even paying a premium for their coins. This news comes from a two-part tweet posted yesterday by Chinese social media account cnLedger, which reports on crypto and blockchain. In the tweet, cnLedger notes that Chinese markets have shown “strong buys” in over the counter (OTC) trades, …
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7 April
PayPal Invests in First Blockchain Company
According to reporting by Michael del Castillo of Forbes, PayPal has invested in its first blockchain company, called Cambridge Blockchain. While the multi-billion dollar company has previously filed a blockchain-based patent and explored an internal project for incentivizing employees with tokens, they are now looking outside for further blockchain expansion. The report notes Cambridge Blockchain is a startup whose work …
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6 April
Pakistan’s Central Bank Could Launch a Digital Currency by 2025
Pakistan’s Central Bank Could Launch a Digital Currency by 2025 Some central banks around the globe are currently looking into the possibility of launching digital currencies. The Pakistan central bank is the latest to join this trend, with multiple reports claiming that they could launch a cryptocurrency by 2025. With a growing population of over 200 million, Pakistan is a …
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5 April
Ripple Co-Founder Chris Larsen Donates $25M in XRP to San Francisco State University
Chris Larsen, co-founder of cryptocurrency company Ripple, and his wife, Lyna Lam, have donated $25 million worth of Ripple’s cryptocurrency XRP to Larsen’s alma mater, San Francisco State University’s (SFSU) College of Business. Announced earlier today, the donation was made through RippleWorks, a private foundation that supports promising social entrepreneurs. SFSU will use the funds to support students studying global …
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3 April
Jamaica Stock Exchange Announces Launch of Live Trading Pilot for BTC and ETH
The Jamaica Stock Exchange (JSE) will soon launch a limited pilot to Bitcoin (BTC) and Ethereum (ETH). This news comes via a press release published earlier today. The JSE had already engaged in a two month-long pilot with Canadian fintech company Blockstation to “demonstrate the complete lifecycle” of the crypto ecosystem. On January 25th, Marlene Street Forrest, MD, JSE said …
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2 April
Swiss Stock Exchange SIX Officially Launches XRP Exchange Traded Product
Switzerland’s main stock exchange, SIX, has listed a Ripple-based exchange traded product (ETP). This news comes via a post on SIX’s official website earlier today. As Bitcoin Center NYC previously reported last month, the exchange had already made public that it would be listing the product, which it is calling Amun Ripple (AXRP). In their announcement in March, co-founder and …
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1 April
Coinbase Announces New Cross-Border Payments Service
Major American crypto exchange Coinbase has announced it will begin offering cross-border payments. This news comes via a post on the company’s website on March 28th. Coinbase customers are now able to send money to any person in the world with a Coinbase account using either Ripple (XRP) or Coinbase’s own stablecoin USDCoin (USDC) with no fee. Users can then …
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March, 2019
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31 March
Facebook’s Delve into Blockchain Continues with 5 New Job Postings
Social media giant Facebook has continued its journey towards building a strong blockchain team as it posts five new jobs focused on the technology. This latest development implies that the company is serious about harnessing the power of blockchain tech and deploying it in some aspect or other of its business. Facebook wants to fill five positions in its blockchain …
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28 March
CEOs of Mastercard and Wells Fargo Agree on Blockchain’s Long Term Potential
The CEOs of Mastercard and Wells Fargo agree that blockchain has long-term potential that has yet not been realized. This news comes via a CNBC report published earlier today. Mastercard CEO Ajaypal Banga and Wells Fargo CEO Tim Sloan share the opinion that the hype of blockchain has outpaced results to date, but that the potential of blockchain is real. …
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27 March
Finland’s Regulatory Body to Supervise LocalBitcoins Operations
The Finnish regulatory agency has revealed that it is making plans to supervise the operations of LocalBitcoins in the country. This move prompted the peer-to-peer crypto exchange to add several identification processes in a bid to improve their AML and KYC requirements. Finland’s Financial Supervisory Authority (FSA) to supervise LocalBitcoins’ activities The Financial Supervisory Authority in Finland has revealed that …
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26 March
Bitcoin, EOS, and XRP Lead Weiss Annual Crypto Ratings
A new ranking has been published for the cryptocurrency sector, and Bitcoin, EOS, and XRP have been recognized as the best performing cryptocurrencies and those likely to succeed during this year and the next. EOS, BTC, and XRP lead Weiss crypto ratings Weiss Ratings published its annual cryptocurrency market report on Tuesday, March 26, in which it discussed emerging trends …
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