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National Stock Exchange of Australia Plans DLT Platform to Compete with ASX

Australia's primary stock exchange could soon have a new blockchain-based rival.National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis (ISX), both publicly listed companies, announced Thursday that they are forming joint venture to offer a digital securities trading platform.Called ClearPay, the new entity will offer a platform

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Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might

Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar.In testimony before Congress this week, Powell was asked whether the Fed had any “visibility” into China’s progress developing a central bank

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Electra Pilots Blockchain-Based Financial Management System – Can It Compete?

Electra (ECA), the open-source Proof-of-Stake (PoS) blockchain project focused on digital payments, will begin beta testing its flagship product this month. Known as “ElectraPay,” the product functions as a financial management system that will let merchants adopt a cryptocurrency payment method that doesn’t require third-party service providers, banks, or credit

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ErisX Launches Its Physically-Settled Bitcoin Futures to Compete Bakkt

In direct competition to ICE‘s Bakkt platform, cryptocurrency exchange ErisX has launched its physically-settled Bitcoin futures contracts. In an official announcement on Monday, December 17, ErisX said that it will make its futures contracts available in the U.S. as of now.The product dubbed “Futures Digital Currency Products” will start trading

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EU Needs Own Digital ‘EuroCoin’ to Compete With Libra, Says France

French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra.The Minister’s remarks — the latest in a series of vocal misgivings about the social media giant’s cryptocurrency plans — were reported by Reuters on Sept. 13. “EuroCoin”?  vs.

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