Blockchain News Crypto IMF 

Why the IMF is Trying to Stop Marshall Islands From Adopting Crypto

Twitter Facebook LinkedIn The International Monetary Fund (IMF), a global financial organization run by 189 countries, is against the proposal of the Marshall Islands to launch a sovereign digital currency by adopting crypto. As early as September 10, the IMF criticized the finalized plans of the Marshall Islands of creating a national cryptocurrency, citing potential money laundering, financial integrity, and macroeconomic risks. “In the absence of adequate risk mitigating measures, the issuance of a decentralized digital currency as a second legal tender would not only increase macroeconomic and financial integrity…

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Altcoin News Blockchain News Da Hongfei ICO News NEO Smart Contracts 

NEO Founder: Blockchains are Over-Regulated

Twitter Facebook LinkedIn Da Hongfei, the founder of Antshares (presently and best known as NEO), believes that blockchains and cryptocurrencies are over-regulated in the extreme. In fact, he was recently quoted in a discussion with 8BTC as saying: In essence, blockchain can barely survive within the existing financial regulation system. A licensed institute may find it unnecessary to cooperate with a blockchain company because it is already licensed to conduct the business. Why would it bother to be engaged in a partnership that doesn’t benefit it that much? If blockchain…

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ADX blockchain Blockchain News ICO 

Abu Dhabi Bourse Issues Thought Paper as It Eyes Crypto Transition

Twitter Facebook LinkedIn Abi Dhabi Securities Exchange (ADX) on Tuesday issued a paper on crypto and distributed ledger infrastructure, Emirates News Agency reported. The “thought paper,” according to the $135 billion Bourse, identifies the technical and operational standards required to issue crypto-assets. It specifically assists financial institutions that are undergoing a transition from conventional asset issuance to more encrypted asset issuance. Rashed Al Blooshi, Chief Executive of ADX, confirmed that their latest announcement has appeared in response to the growing development of blockchain infrastructure in the region. He acknowledged how their…

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augur Blockchain News Ethereum News 

Ethereum dApp Augur Records $2 Million in Bets in US Midterms

Twitter Facebook LinkedIn Augur, a decentralized prediction platform on the Ethereum blockchain, has recorded over $2 million in bets on election night. During the United States midterm election, as Augur co-founder Jeremy Gardner stated, bets placed on the outcome of US midterms initially reached $900,000 and eventually surpassed the $2 million mark. That is, more than 60 percent of the bets Betfair, the biggest betting platform in the world, recorded throughout midterms. “There’s $700,000 staked on Augur for today’s mid-term election. PredictIt, the leading prediction market, has $550,000. Betfair, the…

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Balaji Srinivasan Blockchain News coinbase Crypto Opinion 

Crypto is Entering the Tech Mainstream

Twitter Facebook LinkedIn Balaji Srinivasan, a prominent venture capital investor and the chief technical officer at Coinbase, said that crypto is entering the tech mainstream. “Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square open sourced some nice cold storage code; Microsoft, Amazon, Google Cloud all have blockchain efforts; crypto is entering the tech mainstream.” Since early 2018, unreflective of the 73 percent correction in the cryptocurrency market which saw the combined valuation of cryptocurrencies drop from $800 billion to $210 billion, the cryptocurrency…

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Blockchain News thailand 

Thailand’s Tax Authority Taps Blockchain to Fight Tax Evasion

Twitter Facebook LinkedIn In its fight against tax evasion Thailand’s tax collection agency will turn to blockchain technology among other measures to fight the vice. According to the director-general of the Revenue Department, Ekniti Nitithanprapas, the government agency will employ blockchain technology in verifying whether owed taxes were paid in the correct amounts. Per the Bangkok Post, distributed ledger technology will be used in hastening the tax refund process by the department which falls under the country’s Ministry of Finance. The director-general of the Revenue Department, who was appointed to…

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blockchain Blockchain News Ethereum News 

Milestones of ConsenSys-Led Ethereum Tools: Truffle, Infura, MetaMask

Twitter Facebook LinkedIn Ethereum co-creator Joseph Lubin-led ConsenSys, the largest blockchain software development firm in the world based in New York, has created three of the most widely utilized Ethereum products over the last several years. To many new cryptocurrency users and investors, ConsenSys, which houses nearly 1,000 developers, is unrecognized. But, day-to-day users of various blockchain projects are well versed in the work ConsenSys has done to improve the infrastructure of the blockchain ecosystem. At DevCon hosted in Prague, Czech Republic, ConsenSys founder Joseph Lubin presented the world’s most…

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Blockchain News china HKEX hong kong OneConnect 

Hong Kong Exchange Prepares for Blockchain Trading Platform

Twitter Facebook LinkedIn Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades. This alliance was created under the Stock Connect programme with China, based on a FinExtra report. HKEX had been working on a prototype system for Stock Connect using Digital Asset’s platform and smart contract modeling, as it attempts to speed up the post-trade process and reduce settlement risks among traders. This plan was made known by HKEX CEO Charles Li at a…

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Blockchain News ripple Ripple News XRP 

Japan’s Major Financial Institution to Use Ripple (XRP) Extensively

Twitter Facebook At the SBI Financial Results Briefing, SBI Group CEO Yoshitaka Kitao announced that the firm has already begun the discussions to create a project for R3 that uses Ripple (XRP) more extensively. “We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively,” Kitao said. SBI Group is one of the largest multi-billion dollar financial institutions in Japan that operate with three core businesses in asset management, biotech, and financial services. Since the creation of SBI Ripple…

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Blockcerts Blockchain News Caribbean Examinations Council The Caribbean 

Caribbean Examinations Council to Issue Blockchain Certificates to 24,000 Candidates

Twitter Facebook The verification process of educational credentials in the Caribbean will now be faster after the regional examinations body announced it will begin offering blockchain-based certificates and diplomas to selected candidates. In a statement, the Caribbean Examinations Council (CXC) revealed that it will issue blockchain-based academic certificates starting October 31, alongside the traditional paper-based certificates, to 24,000 candidates who sat their exams in May and June this year. This number consists of the candidates who provided the examinations body with their email addresses. The e-certificates will be received via…

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