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Ripple’s Brad Garlinghouse Slates JPMorgan’s JPM Coin as Lacking Innovation

Wall Street banking giant JPMorgan’s announcement of its new stable coin JPM Coin, has Ripple’s boss Brad Garlinghouse criticizing its “closed network” lack of innovation. JPMorgan says it sees potential in using digital coins to reduce risk and enable instant transfers, despite JPMorgan’s chief executive Jamie Dimon criticizing Bitcoin since it emerged as the industry’s flagship cryptocurrency. The bank says …


13% of Online Shoppers Going Crypto With 700% Growth since 2013

A recent survey has pointed to the increase in online shoppers using cryptocurrency for electronic payments, reporting growth of 700% since 2013. According to Kaspersky Labs, 13% of shoppers have used cryptocurrency for making payments online, their recent survey of 12,000 customers in 22 different countries has shown, and the trend is clearly upwards. Kaspersky commented: “The majority of retailers …


Samba School to Depict History of Money to Bitcoin in Rio Carnival

Samba School to Depict History of Money to Bitcoin in Rio Carnival

This year’s iconic Rio Carnival at Marquês de Sapucaí Sambódromo is to feature a performance depicting the history of money from the development of early 7th century coins to Bitcoin. “Give Me Some Money“, is the work of, no not Abba, but prominent Brazilian samba school Imperatriz Leopoldinense, who are currently working on their entry for this year’s Carnivale. The …


Bank Outages Show System Vulnerabilities Bitcoin Users Avoid

As the traditional banking system continues to incorporate electronic and digital payments, the latest Wells Fargo outage illustrates that all is not well in the light of similar events this year with other major card service suppliers. With the US’s fourth-largest bank by assets falling foul of an ATM glitch in its system last week, denying customers access to their …


Exchange Listing XRP Says Ripple “Not Crypto”

An exchange that has recently added Ripple to its trading platform is happy to proclaim that in its view, XRP is a “Centralized Virtual Currency“, not strictly a cryptocurrency. The Finnish-based Coinmotion exchange’s definition for users could find that many enthusiastic customers may not be happy to read it: “What one needs to know about XRP is that it is …


24-Hour $10 Billion Surge In Crypto Market Promotes Bullish Analysis

24-Hour $10 Billion Surge In Crypto Market Promotes Bullish Analysis

The cryptocurrency market has taken a huge bounce since Friday in a 24-hour surge across the board with Litecoin being a real mover – up 30 percent, adding more than half a billion dollars to its valuation. With crypto’s hallmark icon, Bitcoin, also up 8 percent over the same period, analysts are suggesting this may be the long-awaited bull run …


Leaked SEC Comments Reveal ETF Optimism

Leaked SEC Comments Reveal ETF Optimism

The United States Securities and Exchange Commission (SEC) is in the cryptocurrency headlines again, and this time it’s another one of the regulator’s operatives that has the industry guessing. It is exchange-traded funds once more becoming the point of focus not least because of the SEC’s announcement a few days ago that it was looking for a tool to improve …


Formula One Gets First Digital Asset Firm Sponsorship

Formula One Gets First Digital Asset Firm Sponsorship

The Formula One (F1) racing team Aston Martin Red Bull are to partner the cryptocurrency company FuturoCoin, making this the first of such projects in the history of the world’s top tier of motor car racing. Aston Martin Red Bull has an illustrious history as the sixth-most-winning car constructor in F1 racing. FuturoCoin’s branding will now appear on the Aston …


Dutch Authorities to Curb Crypto Trading Anonymity

Dutch Authorities to Curb Crypto Trading Anonymity

The Netherlands Authority for Financial Markets (AFM) and the central bank, De Nederlandsche Bank (DNB), are making recommendations to put an end to anonymous buying and selling of cryptocurrencies in the Netherlands. Under proposed new rules, all crypto exchanges and wallet providers would be required to apply for a special license to operate, with Finance Minister Wopke Hoekstra pushing forward the …


Malta Now Tops the World in Crypto Trading With $40 Billion Volume

malta

Just in case crypto watchers haven’t noticed, a recent exchange report confirmed that Malta hasn’t simply slipped under the radar to become the country with the largest crypto trading volumes worldwide, but is planning to retain this accolade. Both Binance and OKEx signed agreements with the Maltese Stock Exchange (MSX) to create regulated security token exchange platforms in 2018, illustrating …


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