Former World Bank Chief Economist: Bitcoin Will Fail as Governments Increase Regulation

Former World Bank Chief Economist: Bitcoin Will Fail as Governments Increase Regulation Three major American economists have recently spoken negatively about Bitcoin’s (BTC) chances for survival in an interview with Financial News today, July 9. Joseph Stiglitz, Kenneth Rogoff, and Nouriel Roubini all made statements arguing that Bitcoin will fail as a currency, namely criticizing the cryptocurrency’s absence of…

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Metal Concentrates Exchange to Form Blockchain Consortium for Minerals Trading

Metal Concentrates Exchange to Form Blockchain Consortium for Minerals Trading Online physical commodities exchange Open Mineral is planning to build a consortium of mining companies and financial organizations to develop a blockchain-based mineral trading system, according to a press release July 9. Switzerland-based Open Mineral has partnered with U.S. decentralized applications (DApp) developer ConsenSys to set up Minerac, a blockchainproject focused on…

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R3 Consortium Releases New ‘Version’ of Its Corda Platform for Businesses

R3 Consortium Releases New ‘Version’ of Its Corda Platform for Businesses Blockchain technology company R3 announced July 10 that it had released a “version” of its Corda blockchain platform aimed specifically at businesses. R3 is a consortium of over 200 companies that research and develop blockchain applications for the industries of finance and commerce. Corda Enterprise, ostensibly “optimised to meet…

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Bitcoin Price Watch: BTC/USD Near Crucial Juncture

Bitcoin Price Watch: BTC/USD Near Crucial Juncture Key Points Bitcoin price declined further and broke the $6,680 and $6,600 support levels against the US Dollar. Yesterday’s highlighted connecting bearish trend line is intact with resistance at $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the…

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Decentralized Crypto Exchange Bancor Reports ‘Security Breach,’ Remains Down for ‘Maintenance’

Decentralized Crypto Exchange Bancor Reports ‘Security Breach,’ Remains Down for ‘Maintenance’ Decentralized cryptocurrency platform Bancor halted operations Monday, July 9, as it investigates what it calls a “security breach,” reportedly involving over $12 mln. A Twitter post confirmed the breach and Bancor’s halted operations, which the platform says is specifically to allow investigative work prior to a full statement being released…

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UK Watchdog Welcomes First Crypto Startups to Regulatory Sandbox

UK Watchdog Welcomes First Crypto Startups to Regulatory Sandbox For the first time, the U.K.’s financial regulator is directly recognizing the potential of blockchain-related startups. For the latest and fourth cohort of startups for its regulatory “sandbox,” the country’s Financial Conduct Authority (FCA) has given access to 11 blockchain and distributed ledger technology-related companies –…

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