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Posts published in “FinTech”

Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’

Former Paypal CEO, Labels Cryptocurrency “A Cult” that is “Headed Straight to Zero”

Today, PayPal CEO Bill Harris debuted on CNBC’s Fast Money where he provided a no holds barred lambast of bitcoin and other cryptocurrencies. Bitcoin is a “Cult” The world hasn’t heard much from Bill Harris since April 24th, when his inflammatory claims of Bitcoin being “the greatest scam in history” and “a colossal pump-and-dump scheme, the likes of which the world has never seen.” made waves in the cryptocurrency universe. Today the former Paypal CEO

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Ripple’s India Head Calls for Indian Govt. to Embrace Blockchain Over Remittances

Ripple’s India division head Navin Gupta has called for the Indian government to embrace blockchain technology and digital assets in light of the massive and ever-growing remittance market in the nation. It’s one more indirect finger on the scales as the Indian Supreme Court prepares to make a decisive decision on domestic crypto-banking this coming …

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World Bank and Commonwealth Bank Team Up to Issue Cryptobond

Australian financial giant Commonwealth Bank will create and deliver a blockchain-based bond in conjunction with the World Bank, a first for both organizations. Also read: Turkish Lira Acutely Nosedives, Putting Bitcoin Into Perspective Once More Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts ‘i-bond’ to Be Built on Ethereum The World Bank …

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ICE of NYSE Fame to Launch Bakkt Crypto Trading Platform

Big adoption news today, August 3rd, as Intercontinental Exchange Inc., the owner-operators of the New York Stock Exchange, have declared they will be creating a cryptocurrency trading platform dubbed Bakkt. Accordingly, ICE is joining forces with powerhouse companies like Microsoft and Starbucks in a move that could make digital-asset commerce more liquid than ever. Also …

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Ripple’s Triple Charm Offensive — Bill Clinton, Madonna, and Soundbite Cory

Ripple Labs has embarked on a triple charm offensive, bringing into the fold heavy-hitting celebrities in Bill Clinton and Madonna, and having Chief Market Strategist Cory Johnson slam bitcoin for its transaction sloth. Whose hearts and minds is Ripple Labs trying to win over? Also read: A Short-Lived Rally: Bitcoin Price to Go Sideways Again Subscribe …

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Increasing Number of Nations Are Competing to Be the Most Bitcoin-Friendly

triathlon

Several countries are racing to become the world capital of cryptocurrency technologies. Bermuda, Gibraltar, and Malta are now competing with France to lure cryptocurrency companies to establish headquarters in their respective capitals. Advancing Initiatives to Expedite the Growth of the Crypto Industry Tax havens and business paradises such as Bermuda, Gibraltar, Liechtenstein, and Malta are fiercely strategizing about how to attract crypto entrepreneurs. These countries and territories are passing or easing legislation to make their

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Ripple Labs Does Little to Douse Centralization, Securities Concerns in Q2 XRP Report

Ripple Labs has released a Q2 2018 XRP report that does little to ease concerns crypto traders have about XRP and its level of centralization, and consequently, its inherent regulatable security credentials. If Ripple Labs is indifferent to those concerns, the report is tonally misplaced, as it reads as an effort to placate Ripple detractors. …

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Fintech Powerhouse NAGA Partners Up with Hamburg SV

Fintech Powerhouse NAGA Partners Up with Hamburg SV

Blockchain technology and cryptocurrencies continue to move into the world of professional sports with the latest announcement that NAGA has partnered up with Hamburg SV. Mutual Benefit, Mutual Learning NAGA — a diverse and extensive cryptocurrency ecosystem focusing on social trading, virtual assets and cryptocurrencies — has announced its support for HSV Fußball AG for the 2018/19 Bundesliga season. As an exclusive partner of the German sport club, NAGA will garner a comprehensive presence at

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Crypto Potential for 1.7 Million Unbanked Adults

Crypto Potential for 1.7 Million Unbanked Adults

Have you heard of the unbanked? According to The World Bank, “Globally, about 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider.” Even doing something as simple as paying a water or gas bill can be very time consuming and stressful for the unbanked, especially if the region they live in is politically unstable. To illustrate, a person without a bank account would typically pay a utility

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ConsenSys to Help Bring Ethereum to Chinese President’s Special District

Ethereum-focused venture studio ConsenSys has entered into a memorandum of understanding with the Xiong’an government, administrators of a state-level new district in China’s Hebei province set to be a development hub for the nation’s Beijing-Tianjin-Hebei capitol region triangle. The MoU taps Consensys to advise Xiong’an New Area officials on how they can leverage Ethereum blockchain use …

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