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Marshall Islands To Offer their Own Cryptocurrency As Legal Tender

The Marshall Islands, located in the Pacific, will offer their own cryptocurrency called Sovereign (SOV), which has been approved by the country’s parliament to be circulated as legal tender along side the US dollar. The country’s president, Hilda C. Heine, said this “is another step of manifesting our national liberty.” David Paul, minister-in-assistance to the president, admitted that cryptocurrencies are “the way ...

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Dash Added to deVere Crypto, CryptoWolf, ACX, SouthXChange

Dash has been added the the deVere Crypto app, as well as CryptoWolf, ACX, and SouthXChange. Leading independent global financial consultancy group deVere recently launched deVere Crypto, an app for trading and storing different cryptocurrencies. Their offering includes Dash, as well as Bitcoin, Ethereum, Ripple, and Litecoin. This comes following last year’s historic rise of interest in cryptocurrencies, with combined ...

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Starbucks Sees the Potential of Cryptocurrency

Howard Schultz, the executive chairman and former CEO of Starbucks, said that “one or a few legitimate” cryptocurrencies are coming, but does not “believe that bitcoin is going to be a currency today or in the future” and believes in the underlying blockchain technology. Schultz clarified that he brought up the topic not because Starbucks is developing or investing in ...

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Cryptocurrency Gets Favorable Nods in Wyoming and South Korea

Cryptocurrency regulations has been a roller coaster ride, but recent developments point towards favorable environments in South Korea and Wyoming, USA. South Korea’s Financial Supervisory Service (FSS) chief Choe Heung-sik said that the government will support “normal transactions” of cryptocurrencies, suggesting that the government will encourage the growth of the crypto market under KYC regulations. Since January 30, South Korean ...

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U.S. Luge Team Accepts Cryptocurrency Donations to Bridge Funding Gap

The United States luge team used entrepreneurial thinking to use cryptocurrency to circumvent low funds. The team’s website stated that the “US Luge Team and Bitcoin are made for each other” because luge knows “all about speed, crashes, risk management, and holding on.”  Ty Danco was a former luge Olympian in 1980 and is now an angel investor pushing for U.S. ...

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Dash Core Group Becomes First Legally DAO-Owned Entity

Dash Core is now legally owned by the Dash decentralized autonomous organization (DAO), a cryptocurrency first. Unlike many other top cryptocurrency projects, Dash is a DAO, an organized and self-funding entity that nonetheless has no central authority and is open to participation from anyone. To solidify this theory in practice, Dash Core Group, the legal entity for Dash’s development team, ...

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Goldman Sachs-Backed Startup Circle Acquires Poloniex Exchange

Circle announced on Monday that they bought Poloniex exchange at an undisclosed amount, but some reports have the value at $400 million USD. The startup is backed by Goldman Sachs, the American multinational financial company, which signals that the fincial institution has taken more steps to become involved in the crypto ecosystem. Poloniex handles volume in excess of $2 billion ...

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Cryptocurrencies, a Modern Check Against Authoritarianism

My thesis: The advent of the internet, and by extension cryptocurrencies, represent the greatest expansion of individual empowerment in history, and by shifting the power dynamics dramatically towards the common man, our progeny stand to inherit a world of unprecedented peace. And as such, prior instruments that sought to redistribute power may be able to be deprecated. One obvious example ...

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Bank of America Admits Competitive Threat of Cryptocurrencies

The second largest bank by total assets, Bank of America, detailed in an annual report to the SEC that cryptocurrencies pose a threat to their business model. The bank detailed credit, liquidity, market, geopolitical, and operational risk factors moving into the future, but the threat of cryptocurrencies was a surprising addition to the list. The report touched on the commonly accused threat ...

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