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Singaporean central bank Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the Project Orchid initiative. According to MAS managing director Ravi Menon, Singapore’s retail CBDC will be developed in partnership with private entities, which “would be
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The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal Tender The International Monetary
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The Information Commissioner’s Office (ICO) has issued fines totalling £480,000 to four separate companies for making unlawful calls to numbers registered with
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Crypto exchange platform OKEx has announced the launch of its OKExChain mainnet with 10 million OKT tokens available for early adopters.According to an announcement, the project was three years in development, spanning 10 testnet versions.The mainnet deployment will proceed along four stages with the current epoch being the Genesis phase
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Expobank, the former Russian subsidiary of global investment bank Barclays, has followed Silvergate and issued a loan that uses tokens, in this case, WAVES, as collateral. The loan was made to an entrepreneur and tax consultant, Mikhail Uspensky, who bought WAVES in 2018 for a planned initial coin offering (ICO).
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Data from on-chain analytics firm Glassnode shows over 61 percent of Bitcoins on the open market have not moved in over a year. In contrast, the usage of Bitcoin-pegged ERC20 tokens has increased. Bitcoin a HODL or Inherent Risks? On-chain analytics firm Glassnode shows a majority of all Bitcoin has not moved
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Also Read: Bitcoin Prices Face $10000 Resistance Without Strength to Cross It While Indicators Started to Go Down U.S. Patent No. 10,579,974, entitled “SYSTEMS, METHODS, AND PROGRAM PRODUCTS FOR A DISTRIBUTED DIGITAL ASSET NETWORK WITH RAPID TRANSACTION SETTLEMENTS,” was issued on March 3, 2020. The patent is directed to AiB’s core
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Standard Chartered says it's issued the first blockchain-based international letter of credit (LC) transaction using China's national currency, the yuan. The London-based bank said earlier this week that the transaction, for a deal between Australian mining giant Rio Tinto and Chinese steelmaker Baosteel, was carried out over the blockchain trade
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The Information Commissioner’s Office (ICO) has fined a Swansea double-glazing company £150,000 for making nuisance calls. Superior Style Home Improvements Ltd called people
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