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Senator Cynthia Lummis Says Bitcoin Could Save Us If Traditional System Collapses

Senator-elect Cynthia Lummis believes that the events of 2020 has sent the overall economy into a downward spiral due to relief efforts for the pandemic and other underlying factors. Lummis further postulates that if the debt-driven traditional system collapses, Bitcoin will become needed and could save us. “If we reach the point where we have… Read More

JPMorgan Conducts Repo Market Test Using JPMCoin

JPMorgan has announced that the bank performed a blockchain-based re-purchase agreement or repo market transaction, using its JPMCoin. The bank said they used the blockchain to settle an “atomic trade settlement.”  It’s worth noting that the transaction on the JPMCoin stablecoin platform can take hours, instead of days like traditional finance, according to JPMorgan. A… Read More

Central Bank of Thailand Helps Issue World’s First Blockchain Saving Bonds

With support from IBM, the Central Bank of Thailand has launched the first blockchain-based platform in the world which allows the issue government savings bonds. Approximately a $1.6 million USD in government savings bonds have been issued during the last two weeks through this channel. This is the result of a tight collaboration between several parties…. Read More

ECB Sends Another Confirmation of Coming Global Currency War

As China takes a step forward on its CBDC, which some think will pose a threat to ‘dollar dominance,’ the Eurozone and the European Central Bank (ECB) is joining the show, and scrutinizing central bank digital currency. There’s no more urgent motive than to shield the Eurozone from other public or private digital currencies –… Read More

Line’s Digital Currency Set to Launch Link Token Trading for Japan in April

Line’s Bitbox crypto exchange which was launched in October 2018 has issued its link (LN) digital asset, which is available to users worldwide. According to a press release, LVC, the crypto subsidiary of messaging giant Line, announced it was preparing to launch the coin in Japan on its local cryptocurrency exchange BitMax as soon as… Read More

United Kingdom Draws New, Tough Lines for Crypto Firms

The Financial Times today reported that the number of crypto firms being investigated by the UK’s financial regulator has surged by 74 percent in 2019. According to data obtained by the UK law firm Pincent Mason, The Financial Conduct Authority (FCA) is investigating 87 crypto companies, compared with 50 this time last year. It would… Read More

UK Watchdog Says BTC Does Not Need Regulation

Regulators Separating BTC & ETH from Other Cryptocurrencies The top financial watchdog in the U.K. has announced that it will not regulate Bitcoin and Ethereum. The Financial Conduct Authority (FCA) made the statement yesterday. This is interesting given that the FCA was the regulatory body that worked very hard to crackdown on crypto Ponzi schemes… Read More

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