Self-Proclaimed Contrarian Investor Bashes Bitcoin Digital Gold Narrative
Bitcoin has become extremely popular in 2020, on the back of the store of value, safe haven asset,
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Digital
Bitcoin a ‘Potential Store of Value’ That’s Very Volatile: Fidelity Digital Assets Head
Investors are hoping bitcoin becomes a “store of value” but the largest cryptocurrency is still very volatile, Tom Jessop, head of Fidelity Digital Assets (FDAS), said during the Reuters Global Investment Outlook Summit 2020 on Thursday. “We use the words ‘potential store of value’ as bitcoin is still extremely volatile, and
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Bitcoin Is Becoming a Digital Gold Story: Mike Novogratz
Bitcoin has undergone a strong surge over the past few weeks, strongly outperforming gold. The price of the
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European central bankers predict that the digital euro is at least five years away
Several experts from various European banks agreed that even a proof of concept for a digital euro is four or five years away.In a panel on Monday called "Upgrading Money to the Digital Age: Introducing Digital Euro," participants agreed that the current task was primarily one of getting everyone onboard
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Former digital head at luxury brand group LVMH takes role at Ledger
The revolving door between traditional finance and the crypto space is well established. Now, executives from the luxury goods sector appear to be following in their steps.Ian Rogers, formerly the chief digital officer at LMVH, is taking on a new role as “chief experience officer” at Ledger, the well-known French
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Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
The central banks of Saudi Arabia and the United Arab Emirates (UAE) have concluded a digital currency (CBDC) pilot, finding that distributed ledger technology can improve cross-border transactions and meet the demands of financial privacy in a purely digital context. In a 93-page overview of the “Aber” project, the two central
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Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal
The deputy chairwoman of the Bank of Russia, Olga Skorobogatova, met with representatives of several major banks Thursday, seeking early feedback on the concept of a digital ruble. According to Russian newspaper Kommersant, the bankers were chiefly concerned over how centralized the digital currency system, currently under consideration, might be
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Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme
The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform. Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167
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China’s Xi Asks ASEAN Nations to Join in Building of ‘Digital Silk Road’
Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday. Source
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Swiss Digital Asset Bank Sygnum Launches Blockchain Alternative to Stock Exchanges
Sygnum, a digital asset finance firm with a Swiss banking license, has launched what it says is a blockchain-based alternative to listing shares on a stock exchange.On Thursday, the company announced an “end-to-end tokenization solution,” comprising of both a primary market issuance platform called Desygnate, and SygnEx, a secondary market
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