Cryptocurrency does not pose a risk to global financial stability reports the FSB

A report published by the Financial Stability Board (FSB) was recently released and, the international body that monitors and makes recommendations about the global financial system, has claimed that cryptocurrencies do not currently pose a risk to global financial stability.     The report also suggests that vigilant monitoring is needed due to the speed of market developments, while asserting that cryptocurrencies could have implications for financial stability in the future, should the use of crypto-assets continue to evolve.   Leading projects within the blockchain and cryptocurrency space, including: Orvium;…

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As Turkish lira collapses, could Bitcoin provide an alternative store of value?

With Turkey’s national currency collapse making headlines around the world recently, and with countries such as Venezuela looking to cryptocurrencies as an alternative store of value, could Bitcoin offer a solution to market volatility?   Several experts in the blockchain space, including representatives from Ultra, qiibee, Orbs, and Kowala, have provided some insight on the current crisis in Turkey.  Cryptocurrencies such as Bitcoin could potentially offer a solution in countries where the monetary system has been negatively impacted.   Nicolas Gilot, Co-CEO of blockchain-powered gaming distribution platform Ultra says: Cryptocurrencies have…

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5 things to be aware of before investing in a new cryptocurrency

  As the blockchain and crypto space continues to grow and thrive, the industry has become increasingly mainstream and piqued the interest of many first-time investors. As the industry is still very much in its nascent stages, people getting involved with cryptocurrency investing often have little to no knowledge of the space and the challenges involved.   Although the industry holds so much potential and there are many exciting projects emerging on an almost daily basis, on the flipside, there is also a large number of projects that won’t succeed…

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Swiss Bourse to launch Crypto Exchange this year

The News that SIX, owner and operator of the Swiss stock exchange is launching its own fully-regulated cryptocurrency platform is very positive and indicative that cryptocurrency has its place in the new digital economy.       Even though the cryptocurrency market has shown much volatility in 2018, the market cap is significantly up from a year ago.  As SIX CEO Jos Dijsselhos said “It is abundantly clear that much of what is going on in the digital space is here to stay”   Off the back of this exciting…

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European Banks Finally Use Blockchain – European Tech Experts React

The news broke that a group of European banks has completed the first live blockchain-based financial trades across borders via their jointly developed we.trade blockchain platform.   Built on IBM’s Blockchain Platform and its Hyperledger Fabric technology, we.trade was established by Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit, in a bid to boost the efficiency of cross-border financial transactions.   This latest development evoked comment from leading projects leaders within the blockchain and cryptocurrency space, a number of which have already launched blockchain education initiatives…

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Industry experts weigh in on Facebook crypto ad ban reversal

  Facebook have announced that they will be reversing their crypto advertising ban, however, the ban has not been lifted for ICO’s, otherwise known as Initial Coin Offerings.     A number of blockchain and crypto industry’s most renowned experts have weighed in on this announcement and the initial Facebook blanket ban on crypto ads a “poor approach” to new ideas.    Iqbal Gandham, UK Managing Director at eToro, global investment platform said “We have always advocated for a more sophisticated approach to cryptocurrency advertising, as we believe legitimate providers shouldn’t be…

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