Blockchain Startup Signs MOU With Central Bank of Curaçao and Sint Maarten

blockchain startup signs mou with central bank of curacao and sint maarten

Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) to research the possibility of issuing a digital guilder, according to an August 12 press release. The parties signed the MOU in order to develop a central bank digital currency to facilitate financial payments within the monetary union of Curaçao and Sint Maarten. Per the announcement, the bank is looking to “reduce the level of cash usage within the monetary union” and facilitate “more secure, more Anti-Money Laundering…

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Saudi Regulators Warn Against Trading Cryptocurrencies, Citing ‘High Market Risks’

saudi regulators warn against trading cryptocurrencies citing high market risks

A governmental committee of the Kingdom of Saudi Arabia has warned the public that trading digital currencies is illegal in the country, according to an Aug. 12 announcement by the Saudi Arabian Monetary Authority (SAMA). The warning was issued by the Standing Committee for Awareness on Dealing in Unauthorized Securities Activities in the Foreign Exchange Markets. The standing committee was established by supreme decree headed by Capital Market Authority (CMA), and contains such ministries as the Ministry of Media, Ministry of Commerce and Investment, SAMA, and the Ministry of Interior.…

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Crypto Movement: Ethereum (ETH) Drops Below $300 and Stellar (XLM) Passes EOS

crypto movement ethereum eth drops below 300 and stellar xlm passes eos

The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum news and Stellar news. Stellar (XLM) has made a phenomenal rise on the market lately, but it seems that the world’s second largest cryptocurrency, Ethereum (ETH), has dipped to a year-low today. Ethereum (ETH) Dips Below $300 Source: CoinMarketCap Ethereum news today has ETH hitting its year-low of below $300, as the coin took an unexpected…

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Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million

controversial stablecoin tether issues new batch of usdt tokens worth 50 million

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market capitalization lost around $300 million, down from $2.7 billion in mid-July to the current $2.4 billion, according CoinMarketCap. Tether market cap 1 month chart. Source: Coinmarketcap Tether is now in second place after Bitcoin (BTC) in terms of highest daily trading volumes, seeing $4.2 billion in trades a day or 28.16…

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Bears for Crypto, Bulls for ICOs: 2018 Market Positive Statistics

bears for crypto bulls for icos 2018 market positive statistics

Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by ICObazaar. With the first half of 2018 now past, it is poignant to look back at the last seven months of data on the Initial Coin Offering (ICO) market — an important facet of the cryptocurrency ecosystem. Some predicted that the explosion of ICOs last year — with many failures and even more scams — would lead…

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Cryptos See Widespread Green, But Total Market Cap Remains Close to 3-Month Low

cryptos see widespread green but total market cap remains close to 3 month low

August 12: Crypto markets are seeing solid gains today in a fresh attempt at recovery following recent losses. Bitcoin (BTC) dominance –– or the percentage of total crypto market cap that is Bitcoin’s –– is continuing to see a 2018 record-high percentage, at close to 50.9 percent. After the leading coin decoupled from the wider market yesterday –– holding its gains while other cryptos floundered –– healthy growth has today been distributed across virtually all of the major cryptocurrencies, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is…

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