March 29, 2022

Key Industry Players Launch Blockchain-based Gold Bar Integrity Programme

Key Industry Players Launch Blockchain-based Gold Bar Integrity Programme

The London Bullion Market Association (LBMA) and the World Gold Council (WGC) have launched a blockchain-based solution to track the integrity of physical gold bars. “Digital gold” taken literally In a press announcement released yesterday, the LBMA states that it seeks to “develop and implement an international system of gold bar integrity, chain of custody and provenance”. […]

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Meme stocks GameStop and AMC swing wildly Tuesday on heavy trading volume

Meme stocks GameStop and AMC swing wildly Tuesday on heavy trading volume

Meme stocks swung violently on Tuesday with huge trading activity in the shares. GameStop dropped as much as 14% with over 17 million shares traded through afternoon trading, more than doubling its 30-day average full-day volume of 4.6 million. The stock ended the day down 5.1%. AMC Entertainment shares lost nearly 10% at their low of the

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Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders

Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders

Although Huobi Tech shares a common name with the popular crypto exchange platform Huobi Global, it has no relation with the crypto firm and works independently. Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors. The Hong Kong Stock Exchange-listed company has

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US Lawmakers Introduce ‘ECASH Bill’ Aimed at Creating Digital Dollar

US Lawmakers Introduce ‘ECASH Bill’ Aimed at Creating Digital Dollar

A group of U.S. lawmakers announced Monday that they introduced a law bill that calls for developing an electronic version of the U.S. dollar that has the same privacy expectations and legal status as fiat currency. Supported by serval lawmakers, including Stephen Lynch (D-Mass.), Jesús Chuy Garcia (D-Ill.), Ayanna Pressley (D-Mass.) and Rashida Tlaib (D-Mich.), the

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The ‘Growth Collection’ — Ross Ulbricht to Auction Bitcoin-Backed NFTs on Satoshi’s Birthday

The ‘Growth Collection’ — Ross Ulbricht to Auction Bitcoin-Backed NFTs on Satoshi’s Birthday

Following Ross Ulbricht’s non-fungible token (NFT) sale that raised 1,446 ether or $6.27 million at auction, Ulbricht is dropping another NFT compilation called the “Growth Collection.” According to the announcement, the NFTs will be minted using the Bitcoin blockchain and will be auctioned at the Bitcoin22 conference in Miami on April 6-8. Ross Ulbricht Is

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Fintechs See Strongest Payments Challenge From Stablecoins and CBDCs, Not Bitcoin: Cowen

Fintechs See Strongest Payments Challenge From Stablecoins and CBDCs, Not Bitcoin: Cowen

The team at Cowen recently held fireside chats with executives from PayPal and Visa, among others. While it’s still early innings for crypto, management teams at leading fintech companies regard stablecoins and possibly central bank digital currencies (CBDCs) as more “elegant” than bitcoin (BTC) with respect to payments, according to a research report from financial services firm

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GREENPEACE, RIPPLE LOBBY TO MOVE BITCOIN AWAY FROM PROOF-OF-WORK

GREENPEACE, RIPPLE LOBBY TO MOVE BITCOIN AWAY FROM PROOF-OF-WORK

Climate activists and crypto billionaire Chris Larsen want to convince Bitcoin companies, miners and developers into changing Bitcoin’s consensus mechanism. Several climate activist groups including Greenpeace and billionaire Ripple co-founder Chris Larsen are launching a campaign to advocate for Bitcoin moving away from Proof-of-Work, a consensus mechanism they argue consumes an unsustainable amount of energy, Bloomberg reported

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