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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Is Mark Cuban having a change of heart regarding the cryptocurrency space? The billionaire entrepreneur and investor said recently that he wants a slice of the sector despite saying that bitcoin is in a bubble. According to reports, Cuban is investing in 1confirmation. It’s headed by former product manager at Coinbase and Runa Capital principal, Nick Tomaino. …
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Bitcoin is trading under $4,450, but according to investor Dennis Gartman he’s not buying into the digital currency. According to the editor and publisher of The Gartman Letter, he doesn’t understand bitcoin. He said: “It is a punter’s dream. I give them credit for that, but it is something that I will absolutely stay away from, …
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The price of bitcoin soared above $4,400 and was within striking distance of $4,500 for the first time. In the early hours of the 15th August, the digital currency recorded a new all-time high of $4,482, according to CoinDesk’s Bitcoin Price Index (BPI). As can be seen from the chart above, throughout the day bitcoin’s …
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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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Goldman Sachs has said to clients that the boom in value that digital currencies are experiencing is ‘worth watching.’ Analyst Robert D. Boroujerdi and his team, said in a note to portfolio managers, that: “With the total value nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies.” On the 5th August, the …
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Malta’s financial regulator has issued a warning with the intention of preventing the adoption of digital currency use after the country installed its first bitcoin ATM. At the end of July, it was reported that Malta had installed a bitcoin ATM in the town of Sliema where it is operated by Venture Trading. One of its …
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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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A new survey has been released by India’s market and trade body that shows while 97 percent of Indian traders are aware of bitcoin, it’s use among them remains low. At a meeting called ‘Roundtable on Industry Perspective on Bitcoins: A New World of Payments and Deals,’ the PHD Chamber of Commerce and Industry, which overseas …
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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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The deputy governor of Egypt’s central bank has rejected claims that bitcoin adoption will take place at the country’s banks. In a statement posted on Arabian news site Amwal Al Ghad, Lobna Helal, the Central Bank of Egypt’s (CBE) deputy governor, denied reports that the bank was permitting banks to handle bitcoin adoption. In a statement, …
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The Indian government is considering whether to introduce a goods-and-services tax on bitcoin purchases, according to local reports. According to The Hindu, the government is thinking about implementing a regulatory regime for digital currencies such as bitcoin which would enable a tax levy. At the moment in India digital currencies are neither legal or illegal; however, …
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