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Tag Archives: National

Nigerian Entrepreneurs are Choosing Bitcoin Over the National Currency

A growing number of businessmen in Nigeria are opting for handling their business using the digital currency instead of the Naira. The country’s national currency seems to be more volatile than Bitcoin, at times. As cryptocurrencies fight for relevance around the world, Nigerian citizens are starting to use Bitcoin as an alternative to their own currency, the Nigerian Naira. If ...

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Venezuela to Fund Housing for Homeless With National Cryptocurrency Petro

The Venezuelan Minister of Habitat and Housing Ildemaro Villarroel has announced that the country’s government is planning to fund the construction of houses for the homeless with the national cryptocurrency Petro, Criptotendencia reports Thursday, June 5. The government will fund a project called the “Great Mission for Venezuela Housing (GMVV),” which aims to make quality housing more accessible to the ...

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Banks Have Become Skeptical of Crypto: Swiss National Bank Executive

When cryptos became widely popular, central banks were seriously considering issuing their own digital currencies. However, the interest has slowly waned as central banks begin to seriously consider the implications such currencies would have on financial stability. This is according to an alternate member of the Swiss National Bank’s governing body, Thomas Moser. In his view, it has now become ...

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Banks “Skeptical” Of National Cryptos

Business Insider reported that Thomas Moser, a key member of management at the National Swiss Bank, believes that governments have lost interest in state-issued crypto or digital currencies. Thomas Moser: “Enthusiasm Has Slowed” For National Crypto While at a cryptocurrency conference in Zug, Switzerland, the representative of the bank gave a Business Insider journalist an inside look at government sentiment ...

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Crypto Tech Isn’t Good Enough National Digital Currency, Says Swiss Central Bank Director

The board director of the Swiss central bank Thomas Moser voiced his doubts about the possibility of an ‘e-franc’ state cryptocurrency when speaking at the 2018 Crypto Valley Blockchain conference in Zug, Switzerland yesterday. SwissInfo reports that Moser stated the potential impact of cryptocurrencies and blockchain tech on the traditional finance system is unclear and the technology isn’t at an ...

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Robinhood Stock Trading App | Applying for a National Banking Carter

Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas, it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC) with an ambition to acquire the necessary licenses to allow them to receive a national banking charter, which would effectively ...

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Self-Advertised as Turkey’s ‘National Cryptocurrency’ Turcoin Outed as Ponzi Scheme

Turcoin, advertised by its creators as Turkey’s “national” cryptocurrency, has been outed as a ponzi scheme, Hürriyet Daily News reports Monday, June 18. Muhammed Satıroğlu, a major shareholder of the company that launched the coin has told the media it “doesn’t have a single dollar in the bank.” Istanbul-based company Hipper, whose partners Muhammed Satıroğlu and Sadun Kaya launched ‘Turcoin’ ...

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UK National Archives to Test Blockchain Tech for Official Record Keeping

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The UK government’s official record-keeper, the National Archives (TNA) will be using blockchain technology to create a way to verify the accuracy of archived documents. The project, called ARCHANGEL is one of three blockchain projects the University of Surrey has won, the other two being voting and healthcare. ...

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