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Queensland Backs Cryptocurrency Point-of-Sale Project for Tourism



The Queensland government in Australia is backing a cryptocurrency point-of-sale system that officials believe will help boost tourism throughout the area. Thus far, they have given over $8 million in Australian dollars ($6 million USD) to roughly 70 different companies that will work to inspire innovation and create new ideas within the region’s travel space. […]

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KPMG: Maturing Blockchain is a ‘Trend to Watch Out For’



As part of its latest Pulse of Fintech report, global auditing giant KPMG has acknowledged that Blockchain has drawn “significant attention” and is “moving beyond experimentation” in 2018. ‘A Trend To Watch Out For’ The research, which delivers a summary of fintech advances in major jurisdictions and worldwide, highlights Blockchain as a “trend to watch […]

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Markets Report: July Posts Second Strongest Monthly BTC Performance of 2018

  • Bitcoin News
  • August 1, 2018
  • Comments Off on Markets Report: July Posts Second Strongest Monthly BTC Performance of 2018


Looking at the monthly charts, July saw BTC produce its second best performing month of price action during 2018 after gaining in value by more than 20%. By contrast, the majority of leading cryptocurrency markets by capitalization posted their third consecutive red monthly candle. Stellar was the highest performing top crypto market during July, gaining […]

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Binance Makes First Public Acquisition: Anonymous Wallet for Ethereum Tokens



Binance, the world’s largest cryptocurrency exchange by volume, has officially made its very first public acquisition: Trust Wallet – an anonymous mobile storage solution for Ethereum-based tokens. Trust Wallet is a decentralized and anonymous mobile wallet application. It is designate to support Ethereum as well as upwards of 20,000 different tokens on the ERC20, ERC223, […]

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[promoted] GXChain and the Blockchain Data Economy



Imagine a new digital economy, one that allows everyday people to take full control of their personal data. Complete with a public chain for data transactions and application development, this system would foster a trustworthy, domain-wide data exchange that capitalizes on the torrent of advancements taking place through blockchain technology. A rapidly growing enterprise known […]

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Long-term Price of Ripple Positive Thanks to Regulation



The price of Ripple may not have moved too far in recent days, but the buzz around it does seem to be building. Following the news that the U.S. Securities and Exchange Commission (SEC) had rejected the Winklevoss-backed Bitcoin exchange-traded fund, those with an eye on XRP have taken note. Unlike other, more traditional cryptocurrencies […]

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‘Delusional’ Paul Krugman Says Bitcoin Sets Monetary System Back 300 Years



Cryptocurrency industry figures are reacting with scorn after US economist Paul Krugman likened Bitcoin to “setting the monetary system back 300 years.” Bitcoin Is No Evolution, Suggests Krugman In an opinion piece for the New York Times July 31, Krugman took aim at the high cost of Bitcoin mining and the “speculatory” nature of its […]

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U.S. Investors See Bitcoin as “Risky,” Opt for “Security Over Growth”



Figures from a recent poll indicate that bitcoin and cryptocurrency are still viewed with suspicion by most U.S. investors, with only 2 percent of them holding bitcoin and another 75 percent of them describing bitcoin as “very risky.” Conducted by Gallup and Wells Fargo, the poll surveyed nearly 2,000 American investors with holdings exceeding $10,000. […]

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