Cryptocurrency Analysis and News Portal
The deputy secretary of the U.S. Treasury has raised the specter of a not-so-distant future when private digital currencies have stripped some of the power from governments. Policymakers will take a "hard look" at that, he said. Source
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Just last month, Google dropped some “quantum” bombs that took the whole digital world by storm. The company published a paper in the prestigious scientific journal Nature confirming its ‘Quantum Supremacy’ breakthrough. If the claims have ample substance, it can have significant implications in the long run, with a substantial
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Senator Mitt Romney, former Presidential candidate who has been making headlines for his opposition of President Trump as impeachment proceedings are being carried out, has expressed criticism of cryptocurrency in United States as well. The Republican senator stated that his opposition to crypto is due to the threat it present
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Blockchain community should immediately begin working on three issues to prevent being overtaken by quantum computers, a cryptography expert says.Xinxin Fan, head of cryptography at privacy-IoT blockchain platform IoTeX, published an article in The International Business Times on Nov. 7, calling the blockchain community to be constantly updated about
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During his most recent appearance on Kitco, Max Keiser suggested that if the Chinese national cryptocurrency should be backed by gold, then this would be a massive blow against the USD and very bullish for Bitcoin. The well-known gold supporter Peter Schiff on the contrary claims that if this were
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G7 has just recently released a report addressing a long list of concerns it has with global stablecoins like Libra.French Finance Minister Bruno Le Maire said on Friday that Paris, Rome, and Berlin will join together in the effort of blocking Facebook’s new digital currency Libra in Europe.This is not
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A pending report issued by the G7 committee moves to warn stakeholder’s about the serious security flaws exhibited by Facebook’s Libra which is pegged to real world assets such as government holdings and national fiat currencies.The BBC reports a draft of the report that reprimands digital currencies’ issuers in harsh
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While the theory of Quantum Computing has raised concerns on its ability to decode cryptographic data, the developments made by Google are far from challenging the Bitcoin network.Google‘s latest attempt of attaining supremacy in quantum computing is giving jitters to crypto enthusiasts across the globe. Experts from the tech world
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The G7 group of nations has reportedly drafted a report which says that “global stablecoins” pose a threat to the global financial system.According to the BBC on Oct. 13, a draft report from the G7 outlined the various risks associated with digital currencies. It also said that, even if member firms
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Libra, the underfire planned cryptocurrency from Facebook (NASDAQ:FB), has been described as a monetary threat by senior US bank executives in a meeting with the Federal Reserve. Senior Bank Execs Opposed to Libra Libra has been heavily scrutinized by regulatory bodies and financial institutions across the globe since it was first announced
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