Leading global financial services firm Morgan Stanley has given its view as to how disruptive cryptocurrencies are going to be to fiat monies. According to the bank, the crypto-revolution is not going to replace traditional currencies. In a report, Morgan Stanley said: “We think that cryptocurrencies as a group are likely to see some adoption …
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The deputy governor of the South African Reserve Bank (SARB) has said that it would be ‘too risky‘ to start issuing its own digital currency. Speaking at the Strate GIBS FinTech Innovation Conference 2017, Francois Groepe, the deputy governor of the South African Reserve Bank, commented on the development of a digital currency such as bitcoin. …
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The number of digital currencies that have exceeded a market value of $1 billion is 10 with values ranging from $1.3 billion to $70 billion. The top 10 cryptocurrencies with market values exceeding $1 billion include bitcoin, ethereum, ripple, bitcoin cash, IOTA, litecoin, NEO, NEM, dash and ethereum classic. Bitcoin, the Number One Ranking …
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An independent stock research analyst has said that the price of bitcoin will increase to $5,000, ethereum will double to $400 and litecoin will jump up to $80 from $40 by 2018. Ronnie Moas, Standpoint Research founder, made his predictions in his report on digital currencies – the first two parts of the 122-page report …
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Russian airline S7 has revealed that it is now utilising the ethereum blockchain to sell flight tickets with backing from the country’s largest private bank. Reported in regional newspaper Kommersant, Russian airline PJSC Siberia Airlines, known as S7, and Alfa-Bank started using the blockchain to sell flight tickets on Monday 24th July. The report states that one of …
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