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Crypto Could Undermine USD as the World’s Reserve Currency

The U.S. Office of the Director of National Intelligence has posted a research opportunity entitled “Evaluating the Impact of U.S. Dollar Losing Its Status as World Reserve Currency.” “There are many advantages for U.S. national security to have the U.S. dollar as the world reserve currency. Any international transaction settled in US dollars gives the […]

Facebook Libra vs Bitcoin

Libra is created by Facebook and has the backing of numerous large corporations. In contrast, Bitcoin was created by an anonymous person or group going by the name Satoshi Nakamoto. They are both based on Blockchain technology. Facebook Libra vs Bitcoin: Trust Bitcoin is a virtual currency that does not involve any third parties. You […]

Where did Facebook’s Libra go wrong?

As Google and other major enterprises take part in Hedera’s 39-member governance council, a number of companies have left Facebook’s Libra Association, a project that aims to create a global cryptocurrency-based payments network. Despite backlash from regulators and government officials, companies such as PayPal, Mastercard and Visa initially joined Libra’s governance council. According to Harmon, […]

OKEx Partners With Indian Cryptocurrency Exchange CoinDCX

CoinDCX one of the largest trading and liquidity aggregator platform announces its partnership with a leading global cryptocurrency exchange OKEx. OKEx cryptocurrency exchange is headquartered in Malta which provides digital assets trading services like fiat-to-token, token-to-token, futures, options, and derivatives trading to users globally. CoinDCX announced the partnership with OKEx along with the launch of […]

Binance announces integration of India-based WazirX’s P2P platform

Malta-based Binance and India’s WazirX have undergone several developments together over the past few months. Soon after one of the world’s largest crypto-exchanges announced the acquisition of the India-based crypto-trading platform, a sense of optimism enveloped India’s crypto-ecosystem. According to a recent announcement by Binance, the Malta-based exchange would now be integrating WazirX’s P2P trading […]

Facebook’s Libra is a no-go in the majority of countries

People distrust big tech companies, the recent survey showed. Emerging markets are more loyal both to state-backed and private digital money. People are unlikely to use digital money issued by big tech companies as they do not trust them, the latest research performed by Official Monetary and Financial Institutions Forum revealed.  According to the poll, […]

Central banks weigh up response to Libra and bitcoin

Central banks are contemplating a response to alternative money systems, such as bitcoin or Libra, with new digital versions of their own currencies. They go by the name of Central Bank Digital Currencies, or CBDCs. Libra’s stablecoin project launched in Geneva last year was a “watershed” moment that “kicked everyone in the pants”, Michael Sung, […]

Countries Where Ethereum is Banned or Legal

If you are looking to buy, sell, or spend Ethereum (ETH), you should first check if Ethereum is legal in your country. Different countries hold different stances on cryptocurrency and their regulations. While some countries’ laws single out Bitcoin, it is still rare to find a jurisdiction which created a different set of rules concerning […]

Japan’s New Leverage Rule, South Korea for Mainstream Crypto, Initiative in Crypto Valley of Asia

Several other Asian countries have made crypto-related announcements this past week. In Japan, the Financial Services Agency (FSA) has reportedly revealed its plans to limit the leverage in crypto margin trading to twice the deposits of traders. Local media reported that the new rule will be included in a Cabinet Office order linked to the […]

Binance acquires Mumbai’s bitcoin exchange WazirX

Through this acquisition, Binance is expected to foray into the fledgling Indian market, which is counted among the top exchanges globally. Binance, a global cryptocurrency exchange, has acquired Mumbai-based bitcoin exchange WazirX, in a significant move in the cryptocurrency ecosystem in India. The transaction was estimated at $5-10 million, according to sources. Over the last […]

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