Russian Minister: We Will ‘Never’ Consider Bitcoin Legal

Russian Minister: We Will ‘Never’ Consider Bitcoin Legal The head of Russia’s Ministry of Communications (Minkomsvyaz) has said the country will “never” legalize Bitcoin within its economy. Speaking to journalists on the fringes of the Duma’s first Russian National Youth Forum, Nikolay Nikiforov said that while Bitcoin was to remain outside legality, adoption of Blockchain technology was…

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Smart Dubai Office Bags Award for Blockchain Initiative

Smart Dubai Office Bags Award for Blockchain Initiative The Smart Dubai Office (SDO) has won an award for its Dubai Blockchain Strategy initiative. Announced during the Smart Cities Expo and World Congress that took place in Barcelona last week, the City Project Award recognizes the most “innovative and successful” projects being implemented in an urban development area. Dubai’s…

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Bitcoin Will Lead to the Rise of State Cryptocurrencies: Citigroup CEO

Bitcoin Will Lead to the Rise of State Cryptocurrencies: Citigroup CEO In an interview with Bloomberg at The Year Ahead summit in New York, Citigroup CEO Michael Corbat recently predicted that bitcoin’s threat to the financial system will lead to state-sponsored digital currencies, as governments will have no choice. According to the CEO, governments won’t take the disruption bitcoin…

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Hong Kong Banks Continue to Shut Down Bitcoin-Related Accounts

Hong Kong Banks Continue to Shut Down Bitcoin-Related Accounts Bitcoin businesses are often concerned about having their bank accounts frozen. Such fears have been warranted for quite some time now. In most cases, account closures are few and far between. In the case of various Hong Kong-based businesses, however, things have taken a turn for the worse. In fact, many companies…

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Litecoin Continues Its March Toward $75

Litecoin Continues Its March Toward $75 It appears the Litecoin uptrend is here to stay. A few weeks ago, it seemed unlikely that this altcoin’s price would surpass US$55 on a permanent basis. Right now, a rise to US$75 isn’t out of the question. With a Litecoin price of US$71.89 at the time of writing, things are looking…

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JPMorgan, Goldman Sachs Trial DLT in Equity Swaps Pilot

JPMorgan, Goldman Sachs Trial DLT in Equity Swaps Pilot A group of major financial firms including JPMorgan Chase and Goldman Sachs has trialed the exchange of equity swaps over a distributed ledger (DLT) system. Using the AxCore distributed ledger platform from startup Axoni, the pilot – which also included BNP Paribas, Credit Suisse and Citi – saw…

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Estranged Moscow Exchange Director Emerges as Blockchain Boss

Estranged Moscow Exchange Director Emerges as Blockchain Boss It’s been two years since a former managing director of the Moscow Exchange resigned his position in the aftermath of Russia’s annexation of the Crimean region in his native Ukraine. Now, after years of exploring his options, Roman Sulzhyk has become the latest in a string of senior-level executives around the world to…

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