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Posts Tagged ‘Money’

Court Approves Alleged Bitcoin Money Launder’s Extradition to France

A Russian national accused of laundering billions of dollars on the now-defunct crypto exchange BTC-e could soon be extradited to France following a court decision. Since his arrest last summer, Alexander Vinnik has been at the center of a legal tug-of-war between the governments of Russia, the U.S. and, more recently, France, all of which…

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Lawmakers to Discuss If Crypto Is ‘The Future of Money’ Next Week

Cryptocurrencies will take center stage once again on Capitol Hill next week. The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled “The Future of Money: Digital Currency” on Wednesday, July 18. Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of…

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Which Cryptocurrency Is the Most Usable as Money?

It’s no secret that most mainstream economists don’t think too highly of cryptocurrencies. Not only have Bitcoin, Ethereum and the rest produced the “greatest bubble in history,” but they’re “neither a serious method of payment nor a good way to store capital” — at least according to the Bank of America and Nouriel “Dr Doom”…

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‘Everyone Is Smart Enough to Lose or Make Money’ in Crypto

This interview has been edited and condensed. Ameer Rosic, serial entrepreneur and founder of online blockchain hub Blockgeeks, goes into why he thinks investing in crypto should be open to the masses and what it will take to induce widespread blockchain adoption during an interview at this year’s BlockShow Europe 2018. Molly Jane: First off,…

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Romania Drafts Bill to Regulate Electronic Money

Editor’s Note: Following the publication of this article, new information indicates that the bill in Romania is focused on electronic monies, not cryptocurrencies specifically. The article below has been amended accordingly.  — Romania has drafted an emergency ordinance for electronic forms of money, a local news outlet reported Thursday. The draft, which was released by the…

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BIS Chief to Crypto Coders: ‘Stop Trying to Create Money’

The head of the Bank of International Settlements has predicted a bad ending for cryptocurrencies, calling for an end to their production in a recent interview. In an interview with a Basel-based media outlet on June 30, Agustín Carstens took aim at cryptocurrencies and reiterated his belief that they represent “a bubble, a Ponzi scheme…

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‘Stop Trying to Create Money,’ BIS Chief Tells Young Bitcoiners

The general manager of the Bank of International Settlements (BIS) Agustin Carstens has renewed the institution’s attacks on cryptocurrency, calling them “a bubble, a Ponzi scheme and an environmental disaster.” Carstens: Crypto ‘Fails Dramatically’ As Money In an interview with Swiss news outlet Basler Zeitung, published June 25 with a translation on BIS’ own website…

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Malta’s Prime Minister: Cryptocurrencies Are ‘Inevitable Future of Money’

Adam James · April 23, 2018 · 7:30 pm While countries around the world argue and dither over how to effectively control, manage, or ban cryptocurrencies, the tiny Mediterranean island of Malta is looking to become the blockchain capital of the world. Valour and Firmness (and Crypto) When it comes to effective cryptocurrency regulation and encouragement,…

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Insurance Giant Allianz Is Testing a Token to Move Money Internally

Insurance giant Allianz has been testing an internal token to move money around between its global affiliates without having to deal with currency conversions and other costs and inefficiencies. Development of the so-called “Allianz token” is being helped along by blockchain startup Adjoint, which created a proprietary blockchain for the project, CoinDesk has learned. Adjoint…

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