IBM Backs A U.S. Dollar-Tied Cryptocurrency Stronghold USD

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There is a new major player in the cryptocurrency market. IBM recently joined forces with a financial technology company called Stronghold. Together they are promoting a fledgling cryptocurrency pegged against the U.S. dollar. Big Blue is throwing its considerable weight and influence behind this “stablecoin.” These digital tokens are tied to currencies that already exist … Continue reading “IBM Backs A U.S. Dollar-Tied Cryptocurrency Stronghold USD”

The World’s Most Powerful New Currency

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By now, you’ve heard a lot about the crypto boom taking the world by storm. The market once valued at $17.7 billion in 2016 is now worth more than $500 billion. And, chances are good it could rally to $1 trillion, says crypto analysts. Bitcoin, for example, once soared from $13.36 in 2013 to $19,005 … Continue reading “The World’s Most Powerful New Currency”

MasterCard-Enabled Bitcoin Credit Cards Coming Soon

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There’s cheerful news coming from New York-based financial services card solution maker MasterCard. MasterCard successfully obtained a patent that will enable it to incorporate bitcoin-based transactions on its credit cards. No doubt, this is yet another move that sends a clear-cut signal to the cryptocurrency community and the world in general that Bitcoin is here … Continue reading “MasterCard-Enabled Bitcoin Credit Cards Coming Soon”

Bitcoin Rises Above $7,000 In The Current Upswing

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Digital currencies are continuously rising in the current upswing starting on July 16th. This positive move is looking to potentially correct the continued market drop which started back in January. Bitcoin is currently trading around 7,400 dollars, which is an 9% move in the last 36 hours. This latest move is seeing Bitcoin net positive … Continue reading “Bitcoin Rises Above $7,000 In The Current Upswing”

Iran Is Considering Using Digital Currencies To Avoid US Sanctions

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Iran may be planning to use cryptocurrencies to evade new sanctions from the United States according to Mohammad Reza Pour-Ebrahimi, Chairman of the country’s Parliamentary Economic Commission. The lawmaker also notes that cryptocurrencies could help in eliminating the US dollar in the international trade. Pour-Ebrahimi says a decision will be made in the parliament of … Continue reading “Iran Is Considering Using Digital Currencies To Avoid US Sanctions”

Jersey Island Enforcing Investor Protection Measures For ICOs

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The island of Jersey is issuing new rules aiming at protecting investors who participate in Initial Coin Offerings (ICOs) according to the Jersey Financial Services Commission. A note from the commission states that, “Most ICOs are unlikely to be regulated by the JFSC. Instead, the JFSC places some conditions on an issuer of an ICO … Continue reading “Jersey Island Enforcing Investor Protection Measures For ICOs”

Special Investigative Team To Probe Crypto Frauds In India

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India has been awash with a spate of crypto-related frauds. In a country where many cryptocurrency scams go unreported, the scams that have become public knowledge have had policemen playing prominent roles in them. One of them was even orchestrated from start to finish by police officers. Despite the fact that cryptocurrency is outlawed by … Continue reading “Special Investigative Team To Probe Crypto Frauds In India”

Bitcoin Trader Sentenced To One Year In Prison

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The United States Department of Justice announced that Theresa Lynn Tetley, famous by the name Bitcoin Maven, received a 1-year jail term in federal prison. According to the announcement by the department, “‘Bitcoin Maven,’ who admitted to operating an unlicensed bitcoin-for-cash exchange business and laundering bitcoin that was represented to be proceeds of narcotics activity, … Continue reading “Bitcoin Trader Sentenced To One Year In Prison”