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Posts Tagged ‘Banken’

Cryptocurrency Adoption Is Highest in These 5 Countries

When we think of cryptocurrency adoption, we often assume that South Korea, Japan, or the United States take the lead. Not so, according to the latest results from Statista. For those of us engulfed in the world of cryptocurrency, it feels like we live and breathe Bitcoin–and we expect everyone else too as well. But…

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Facebook Unveils Wallet For Pseudo-Cryptocurrency ‘Libra’

Facebook has finally unveiled its cryptocurrency offering, revealing a custodial wallet and making suspicious claims about what gives it value. Facebook To ‘Make Money Better’ As Website Crashes Dubbed ‘Calibra,’ the wallet will serve Facebook’s coin, which will be known as ‘Libra’ in line with previous hints surfacing in the press in recent weeks. The…

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‘Totally Absurd’ – New FATF Rules To Turn Bitcoin Exchanges Into Banks

Intergovernmental body the Financial Action Task Force (FATF) has committed to making 200 countries treat cryptocurrency exchanges like banks. FATF Among ‘Biggest Threats’ To Crypto As Bloomberg reported June 11, an update to how national regulators should treat businesses dealing with cryptocurrency tokens will officially go public on the 21st of the month. Its impact…

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Cash Is King In Hong Kong As Thousands Choose Financial Privacy

Hong Kong is waking up to the benefits of financial privacy using cash, reports claim, as protesters seek to hide their movements and identity. Hong Kong Pays Cash To ‘Avoid Tracking’ According to various reports surfacing on social media this week, participants in the ongoing rallies against the Hong Kong government are choosing to abandon…

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Holding Bitcoin is Okay, But Using and Mining It Isn’t

The Duma (parliament) representative in Russia may finally have given some clarity on cryptocurrencies, albeit inadvertently. While announcing potential fines for miners, it stated that owning bitcoin was possible. The revelation came during the St. Petersburg International Economic Forum, during an interview with Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets. Anybody…

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What’s a Bitcoin? Brazil President Proposes a ‘Euro’ For South America

The president of Brazil, Jair Bolsonaro, blamed Bitcoin for canceling an indigenous cryptocurrency project, despite not knowing what it is. And now he’s considering a South American ‘Euro.’ Cryptocurrency To Bank Brazil’s Unbanked The 45 million Brazilian Real ($11.5 million) project planned to introduce a cryptocurrency for use by the indigenous population, who remain largely…

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Long Bitcoin, Short Duetsche Bank Has Been The Best Trade in 2019

Buying Bitcoin while shorting the stocks of multinational investment bank Deutsche Bank in 2019 might be the best trade you could have done in 2019.  Long Bitcoin, Short The Bankers “Long Bitcoin, Short The Bankers” has turned into a somewhat popular catchphrase commonly used by Morga Creek Capital’s Anthony ‘Pomp’ Pompliano. Looking at hard data…

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