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Posts Tagged ‘Banken’

Indonesia Officially Recognizes Bitcoin as a Commodity

Regulators in Indonesia have finally recognized Bitcoin and other cryptocurrencies as commodities, thus providing legal backing for trading virtual currencies. Consequently, cryptocurrency exchanges in the country now have a set of requirements that must be satisfied before being allowed to operate. Requirements for Bitcoin Exchanges in Indonesia The Indonesian Trade Ministry Futures Exchange Supervisory Board…

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JPMorgan Unveils First Bank-Backed ‘JPM Coin’ Cryptocurrency

International investment bank and notorious Bitcoin skeptic JPMorgan Chase will be the first US bank to issue its own cryptocurrency. JPMorgan: ‘Endless’ Use Cases For Cryptocurrency In a surprising move, Umar Farooq, head of JPMorgan’s blockchain operations, told CNBC trials of JPM Coin would start in the coming months and that three use cases had…

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New York Fed: Cryptocurrency Won’t Challenge Dollar in Near Or Mid-Term

Cryptocurrencies are “unlikely” to become an international monetary phenomenon in the coming years, the Federal Reserve Bank of New York has claimed. ‘Unlikely To Meet Criteria’ In a research piece on US dollar supremacy published February 11, the NY Fed argued that despite the appearance of cryptocurrency in mainstream society, only its long-term perspectives could…

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Philippines’ Central Bank Helps Launch Bitcoin ATM

One of the largest banks in the Philippines, Union Bank, has collaborated with the country’s central bank to launch a Bitcoin ATM, allowing customers to both buy and sell bitcoin for cash. Union Bank Launches Its First Bitcoin ATM Union Bank in the Philippines has launched its very first two-way Bitcoin ATM, according to a release.…

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Abra’s Non-Custodial Bitcoin Backed Global Investment App is a World First

San Francisco-based Abra just made cryptos more accessible with their global investment app. Lowering the Barrier for Investors One of the greatest complaints that people have when it comes to cryptocurrency is usability. Well, San Francisco-based Abra just made cryptos more accessible with their global investment app. The investment app lets anyone invest in traditional…

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‘Bitcoin Is Peer-to-Peer Gold… Fight Me’

In their latest report, Max Keiser and wife Stacy Herbert kick off by discussing a recent note by JPMorgan to its clients. One of the most corrupt institutions of our time proclaims that cryptocurrencies would only have value in a ‘dystopian economy’ in which investors had ‘lost all confidence in all major reserve assets.’ Max,…

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Bitcoin Obituaries ‘Graveyard’ – Pay Your Respects via Lightning Network

Bitcoin users can now fight the naysayers and expand their knowledge of the Lightning Network – by purchasing flowers to leave at the ‘Bitcoin Graveyard.’ Bitcoin Obituaries 2.0 A project from cryptocurrency education platform Niffler.co, the Graveyard takes a popular talking point, the Bitcoin obituary, one step further, providing an actual place of rest for…

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