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Bitcoin, Gold Dives in Tandem as China Posts Poor Economic Data

Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data.Bitcoin extends bearish bias after breaking crucial support of $8,000 | Image credits: TradingView.comThe BTC/USD instrument slipped by 1.96 percent, or $158.23, on San Francisco-based Coinbase exchange to trade

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Economic Dept. of Dubai Unveils Blockchain-Based Business Registry

The Department of Economic Development in Dubai has announced its move to a blockchain-based unified business registry platform (UBRP).According to a Saudi Gazette report on Oct. 7, the platform aims to improve the ease of doing business in Dubai and enable license issuers to manage trade licenses and corporate registries.The Silicon

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The Economic Plan of the Marshall Islands: Cryptocurrency SOV as a Legal Tender

In 2018, the Marshall Islands announced that it is working on developing a cryptocurrency that would effectively replace its current legal tender and become the official currency in the Oceanic republic. The new digital currency is called Sovereign Coin (SOV).Since the gradual rise of cryptocurrencies all the way back in

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Bitcoin Rises as Investors Anticipate Economic Stimulus

Bitcoin was trading higher on Monday morning as investors digested the possibility of new economic stimulus announcements later this week.The benchmark cryptocurrency rose by more than 4.5 percent to $10,753.30 on San Francisco-based Coinbase exchange. The move brought its local bottom-rebound to a slightly above 13 percent, explicitly driven by

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Shenzhen Special Economic Zone to Include Digital Currency Research

On Aug. 18, the Central Committee of the Communist Party of China outlined the plans for the future development of the Shenzhen Special Economic Zone, including the research and promotion of digital funds and the national cryptocurrency based on the renminbi.According to Chinese news agency STCN:“Mutual recognition of fund

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Economic and Political Uncertainty Boost Bitcoin Price in Argentina and Hong Kong

According to news published by Bloomberg on August 13, 2019, bitcoin continues to be traded at a premium due to economic uncertainty and political instability in Argentina and Hong Kong, confirming its value in turmoil environments.    Fear is Soaring but Bitcoin is Working  The global economy is experiencing a period of

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