Wednesday, August 5, 2020
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Dollars on Blockchain ‘Better Than Central Bank Monopoly on the Payments System’

Brian Brooks, the Acting Comptroller of the Currency and former head of Coinbase’s legal department, put forward blockchain as better than the United States’ current bank-dependent payments system.Decentralization for future paymentsOn July 29, Brooks spoke with Aaron Klein of the Brookings Institution, a major U.S. think tank. In answer to

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Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams

Over the years, it has become a known fact for anyone dealing with cryptocurrencies that scams are running rampant. However, as more novice players enter the market, more scammers up their tactics to take advantage of unsuspecting Bitcoin enthusiasts with fake Bitcoin giveaways and other elaborate schemes. Recently, a new bout

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French Central Bank Picks Accenture, HSBC and Others for Digital Euro Pilot

Banque de France has picked eight potential candidates to test the integration of a CBDC for interbank settlements, according to the announcement published earlier today.The list of approved participants includes mainstream juggernauts like Accenture, HSBC, and Societe Generale, as well as smaller crypto-focused players like Seba Bank and LiquidShare.The announcement

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Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech

A blockchain project from the Monetary Authority of Singapore (MAS) and state investor Temasek has completed its final development phase and is now being considered as the basis for commercial payments ventures. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides

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Dalio Says Capital Markets Are ‘Not Free‘ as Central Banks Drive Economy

Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free.Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system.“There

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