Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years

China continues to get ahead in the CBDC race, but will Japan attempt to counter it with its own digital currency? China continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the potential implications. Over the past few weeks, a number of Japanese lawmakers have publicly expressed their preference for a CBDC controlled by the Bank of Japan. The general idea is to counter the soon-to-be-released digital…

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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business

Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet Exchanges Struggle With Compliance Costs and Diminishing Returns One of the affected exchanges, Acesso Bitcoin, points to the current situation created by the new regulations as the main reason for…

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Craig Wright’s $100B Theft Claim – BTC and BCH Used His Database Without Permission

The infamous Craig Wright, the Australian native who claims to be Satoshi Nakamoto, has published a blog post that explains he owns “the full rights to the Bitcoin registry” and developers do not have the right to change the protocol’s underlying database. Wright’s recent blog post makes it seem like “legal redress” is coming to a few specific blockchain projects in 2020. Moreover, a photograph from a Slack channel shows Wright claiming that BTC and BCH broke contractual rights and they “are in effect, a theft of $100 billion plus…

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Five Crypto Relationships Worth Noting on Valentine’s Day

In the Senate, Loeffler will reportedly help oversee the Commodity Futures Trading Commission (CFTC), a potential conflict of interest given that her husband’s company is regulated by the CFTC. Today is Saint Valentine’s Day, and in honor of this most romantic of holidays, Cointelegraph presents five of the crypto community’s most notable unions and breakups of the past 12 months. Kelly Lynn Loeffler and Bakkt Kelly Lynn Loeffler split from the crypto world in 2019, but can you blame her? Loeffler left Bitcoin futures exchange Bakkt, where she was CEO,…

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Behind the Scenes of TON: Lessons Learned on Deploying Smart Contracts, Part 2

TON’s programming languages for general-purpose and for writing smart contracts: Tech analysis from the inside view. This is the second article in our series on integrating payment channels on Telegram Open Network. In the first part, we introduced the network, detailed our experience of the contest, and explained how synchronous and asynchronous smart contracts work. As the next addition to the series, this article details how we built a synchronous payment channel on the network during TON’s contest back in September. Here, we will be talking only about Fift (TON’s…

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Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

How is the FATF’s AML guidance being implemented around the world, and what is its impact on the crypto industry? It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far? The FATF — an intergovernmental organization tasked with combating money laundering — found itself at the center of controversy last June after issuing its latest crypto guidance.…

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Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says

The Central Bank of the Bahamas plans to adopt the Bahamian digital dollar pilot in the second half of 2020. While major industry actors argue that central bank digital currencies (CBDC) are years or decades ahead, the Bahamas plan to adopt a CBDC no later than 2020. John Rolle, the governor of the Central Bank of the Bahamas (CBOB), has reportedly confirmed that the Bahamian digital dollar initiative will be introduced across all islands in the second half of 2020. Bahamas has already launched a pilot in the Exuma region…

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Does Blockstack Really Have 1 Million Verified Users?

Blockstack’s claim of having one million verified users has been questioned extensively, which prompted Cointelegraph to investigate its blockchain data. Blockstack PBC announced on Jan. 29 the completion of its “Milestone II” that unlocked $6.8 million from its 2017 initial coin offering. The project claims to have on-boarded one million verified users, an achievement that some in the community did not believe. Cointelegraph conducted an analysis of blockchain data to see if this claim could be confirmed. The importance of the milestone The Blockstack initial coin offering (ICO) was conducted…

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IOHK Donates $500,000 to University of Wyoming’s Blockchain Lab

IOHK donates $500,000 in ADA cryptocurrency to the University of Wyoming to advance blockchain research and development. IOHK, the software company behind Cardano, announced on Feb. 14 a donation of $500,000 in Cardano (ADA) to support and develop the University of Wyoming’s (UW) Blockchain Research and Development Lab. Professor James Caldwell, Assistant Professor Mike Borowczak and Philip Schlump will co-direct the Advanced Blockchain Research and Development Lab. Professor Borowczak told Cointelegprah that IOHK’s donation will be used to support faculty and graduate students in developing practical applications for real-world blockchain…

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Bitcoin Price Bull Run May Last 3 Years With $45K Top, Says Tone Vays

Popular crypto celebrity Tone Vays speaks to filbfilb, the market analyst who accurately called Bitcoin’s bottom in 2018 and 2019. Today popular market analyst and Cointelegraph contributor filbfilb joined veteran trader Tone Vays on his YouTube trading channel. During the discussion, each trader discussed their long and short-term vision of Bitcoin’s price (BTC) action, along with the various trading indicators and styles they use.  According to Vays, Bitcoin’s price action on the weekly time frame remains strongly bullish as Bitcoin broke through multiple levels of resistance and is still on…

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