Stablecoins ‘Pose Risk to Financial Stability’ Warns Federal Reserve

A new report highlights the need for stablecoins to submit to regulatory requirements in order to “complement” the global economy. Stablecoins could “complement” other payment systems and improve conditions for consumers, but need constant checks, says the United States Federal Reserve. In its November 2019 Financial Stability Report released on Nov. 15, the Fed highlights stablecoins and their potential impact on the U.S. and beyond. Fed: Unregulated stablecoins “pose risks” Rather than dismissing the phenomenon, officials eye potential use cases for the future but insist any stablecoin must adhere to…

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The aBey Foundation Introduces new Crypto-Enabled Credit Card Technology

Faster payments on an optimized blockchain. Speaking at BlockShow Asia 2019, aBey Foundation co-founder Dr. Ciprian Pungila announced aPay, a payment system that lets the cryptocurrency community use its assets for daily payments via credit card integrations. aPay users can send their cryptocurrencies to the platform and gain access to three different credit cards that operate with UnionPay, Mastercard, and Visa. They can therefore use their cryptocurrencies for daily payments. Based on new blockchain technology developed by the aBey Foundation, aPay promises to be a speedy blockchain that introduces new…

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Ether (ETH) Looks to Break Nearly 2-Year Bear Market Against Bitcoin

Despite the pullback to $177, Ether’s USD and BTC pairs continue to flash bullish signals hinting at a potential run-up to the 200 DMA. This past week, Bitcoin (BTC) price had many investors biting their nails as the top crypto asset turned bearish and is currently fighting to stay above crucial support at $8,300.  Meanwhile, altcoin investors are growing increasingly bullish sentiment wise and a number of lesser-known altcoins rallied impressively throughout the week. Ether price (ETH) is also heating up and the ETH/BTC pair is continuing to flash bullish…

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These 4 Facts Show How ‘Boring’ Bitcoin Is Crushing the Stock Market

Despite an uneventful November so far, Bitcoin is still outperforming traditional markets in 2019 for several reasons including fundamentals and rising institutional interest. Analytics company Blockforce Capital published the October edition of its in-depth crypto markets overview on Nov. 11. Packed with information, the report provides a surplus of data on the overall state of the cryptocurrency markets, noting that Bitcoin (BTC) still outpacing traditional markets. Bitcoin gets boring in November but… November has thus far been rather uneventful if not boring with regards to price action. However, Bitcoin has…

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Artificial Intelligence Will Enable the Future, Blockchain Will Secure It

Experts at BlockShow Asia 2019 discussed AI’s dependence on blockchain to secure our decentralized digital future. Speaking at BlockShow Asia 2019, Todalarity CEO Toufi Saliba posed a hypothetical question to the audience: “How many people would take a pill that made you smarter, knowing they can be controlled by a social entity?” No one raised their hand, and he was unsurprised. “That’s the response that I get, zero percent of you,” he continued. “Now imagine at the same time the pill has autonomous decentralized governance so that no one can…

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Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks

A successful hard fork for the altcoin only took 77% of miners with it, leaving the rest spending money validating the old chain. Bitcoin Cash (BCH) miners appear to have wasted money mining 14 blocks on the wrong chain after the altcoin underwent a hard fork.  According to data from monitoring resource Fork Monitor on Nov. 15, Bitcoin Cash, which itself forked off from Bitcoin (BTC) in 2017, successfully split in two once again on Friday. BitMEX: Miners are “wasting resources” Despite being broadly cleaner than its previous hard fork…

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What Powers China’s Crypto Mining Industry, and Is It Sustainable?

As the crypto mining industry continues to grow, is China able to sustain its mining boom as the industry leader? The cryptocurrency mining industry continues to grow daily, supported by a continuous stream of new and more efficient hardware. China is at the forefront of the industry, but as environmental concerns loom, the sustainability of their success is coming into question. Mining chip manufacturers, the most prolific of which are based in China, work tirelessly to develop ever-more-powerful processors. With each new iteration, these high-capacity chips require more and more…

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Asian Investors Call For Regulatory Clarity on Cryptocurrencies in the US

At least one world superpower is overdue for robust cryptocurrency regulations. Speaking at BlockShow Asia 2019, Proof of Capital managing partner Edith Yeung called out American regulators for leaving blockchain-based ventures in the dark. These companies are commonly domiciled in Singapore, Switzerland, or Hong Kong because “they have no idea of what is happening in the US. They don’t want to touch it because of the legal tension.” Some exchanges are in fact leaving the US amid continued regulatory uncertainties. Last month, Poloniex spun out from Circle to form a…

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These Are The Golden Days Of Crypto Collectibles, Says Fintech Expert

From digital toys to “collectible” athletes, now might be a great time to get into crypto collectibles. Speaking on stage at BlockShow Asia 2019 in Singapore, True Global Ventures 3d founder Dusan Stojanovic said the time to invest in crypto collectibles is “right now.” Some investors regard Bitcoin as a “safe haven” asset, and see high demand for it in a world of economic uncertainty. But Stojanovic sees the same value in crypto collectibles, especially in the gaming sector. He claimed that such collectibles could function as recession-resistant assets.  Crypto…

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Crypto Leaders Propose Open Compliance Protocol For Financial Action Task Force

The task force’s so-called “travel rule” calls for virtual asset service providers to gather personal data during transactions. Today during a panel at BlockShow Asia 2019, a group of cryptocurrency industry leaders announced the creation of a protocol that aims to maintain privacy while complying with Financial Action Task Force (FATF) regulation.  The FATF’s so-called “travel rule” requires virtual asset service providers (VASPs) like cryptocurrency exchanges to collect and share personal data during transactions. The creators of the proposed protocol say that it enables VASPs to transmit this information in…

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