Cryptocurrency Market Retreats $300 Billion as Bitcoin and Ethereum Decline

Over the past week, the cryptocurrency market and bitcoin have consistently been volatile in the $300 billion region, moving up and down within the range of $280 billion and $350 billion. The market has operated within this boundary throughout March. Continuous Volatility The cryptocurrency market has struggled to demonstrate signs …

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Central Banks: Blockchain Will Overhaul Securities Settlements

The European Central Bank and the Bank of Japan have released a joint report claiming that distributed ledger technology (DLT) can generate new securities settlement mechanisms, such as “cross-chain atomic swaps” among unconnected ledgers. The 52-page report is titled, “Securities settlement systems: delivery-versus-payment in a distributed ledger environment.” DLT’s Impact …

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Poll: Two-Fifths of South Korean Millennials Keen to Invest in Bitcoin

South Korean millennials are keen to invest in cryptocurrencies more than any other generation presently, according to a new report by the Bank of Korea (BOK). Not only are they interested but anxious to get in on the opportunity. Cryptocurrency trading has gripped the South Korean population and inspired a …

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China’s Ant Financial Touts Blockchain, Nixes ICO Chatter

Jing Xiandong, Ant Financial’s chief executive, called the blockchain “a cornerstone of trust” but dashed any hopes that the payments leader will pursue an initial coin offering. Xiandong, who also goes by Eric, set the record straight at the annual China Development Forum over the weekend. “The core of the blockchain …

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Reddit Disables Bitcoin Payments Amid Coinbase Commerce Overhaul, But Are They Gone Forever?

Reddit no longer accepts Bitcoin payments for its premium membership program, Reddit Gold, although the feature may return to the social media platform in the future. Last week, a Reddit user noticed that he or she was unable to use Bitcoin to gift another user a Reddit Gold subscription, a …

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