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Deutsche Bank Suggests Cryptocurrencies Will Replace Cash by 2030
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Deutsche Bank Suggests Cryptocurrencies Will Replace Cash by 2030
A fresh research report out of Deutsche Bank suggests that cryptocurrencies could replace cash by 2030. According to Deutsche Bank‘s research report, this development hinges on crypto becoming “substitute” to fiat currencies rather than a monetary “addition”. Deutsche Bank research paper speculates that crypto could kill cash This news came out in Deutsche Bank‘s recent “Imagine 2030” research report. As the name suggests, this report imagines upcoming changes that will…
EU Decides to Forbid Private Digital Currencies Like Libra - For Now
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EU Decides to Forbid Private Digital Currencies Like Libra – For Now
The European Union has traditionally had a tough stance on Facebook’s budding cryptocurrency, Libra. Now it appears that the European Union wants to tackle these types of digital currencies head-on, as the EU’s finance ministers agree that private digital currencies like Libra should not be allowed. EU finance ministers prevent Libra from beginning operations This decision was first shared in a joint statement by the European Council and Commission. This…
Record: $9 Billion of On-Chain Bitcoin Transactions in An Hour
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Record: $9 Billion of On-Chain Bitcoin Transactions in An Hour
Don’t let the relatively calm cryptocurrency markets fool anybody – the cryptocurrency sector is heating up. Specificially, on December 4th a massive amount of Bitcoin were moved on the blockchain during a single hour. Moreover, this massive transaction amount came with a notably tiny fee – yet again demonstrating the cost-effectiveness of large cryptocurrency transactions.  $9 billion worth of Bitcoin in one hour This was first brought to light in…
Georgia Governor Appoints Bakkt’s CEO to US Senate Seat
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Georgia Governor Appoints Bakkt’s CEO to US Senate Seat
It would appear that Bitcoin has taken another step towards more favorable regulatory recognition  in the US. Namely, the CEO of the institutional Bitcoin futures platform Bakkt has just been nominated to become a United States Senator. Bakkt’s CEO appointed to US Senate seat This news came in a fresh report by the Washington Post. Specifically, Bakkt’s CEO Kelly Loeffler will step into the shoes of Senator Johnny Isakson (R-GA),…