Nasdaq to efficiently track tokenized issuance using the Bitcoin logic

Nasdaq has taken charge to stand as the gateway for infusing crypto-related services. While the company has taken an aggressive step toward delivering decentralized finance, Johan Toll, Head of Digital Assets at NASDAQ Market Technology featured in an interview to share insights on Nasdaq’s tokenized assets. While explaining the inner-workings of the technology, Toll said, […]
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Source: AMB Crypto

Chinese ICO allegedly shuts down

While the fog around China’s recent crackdown on the established crypto businesses remains unclear in terms of the government’s intentions, Hangzhou local police allegedly have taken all executives of another crypto project, GXChain, into custody. The information was made public via prominent Chinese crypto enthusiast Dovey Wan, who tweeted, “Another high profile 2017 ICO project […]
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Source: AMB Crypto

All cryptocurrencies should have AML and Terrorist Financing Measures built-in from the get-go, clarifies U.S. Treasury

Although Facebook’s Libra initiative hit a hard stop just before the launch, discussions around restarting the project is one of the hottest topics within the U.S. jurisdiction. As of latest, a senior U.S. Treasury official spoke about how the Libra project must meet the highest standards for combating money laundering and terrorism financing. Sigal Mandelker, […]
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Source: AMB Crypto

SEC charges Dallas company for operating unregistered digital asset exchange

The Securities and Exchange Commission (SEC) announced pressing charges against Bitqyck Inc. and its founders for defrauding investors in securities offerings of two digital assets and operating an unregistered exchange. Quoting the official statement, “Bitqyck and founders Bruce Bise and Sam Mendez­ created and sold Bitqy and BitqyM (tokens) in unregistered securities offerings to more […]
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Source: AMB Crypto

China’s CBDC initiative fills private cryptocurrencies’ missing elements

The latest Binance Research, while showcasing China’s CBDC initiative, highlighted its possibility of being a renminbi (RMB) replacement. Creating a buzz in the context, the report read, “The People’s Bank of China plans to replace China’s M0 money supply with its CBDC. Several potential improvement areas were discussed as reasons to justify this move including […]
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Source: AMB Crypto

Brave Crypto Wallets’ update to support Ethereum and ERC-20 tokens

Brave, the open-source web browser, made its way into the crypto ecosystem after the successful launch of BAT tokens and the browser’s in-built wallet. Staying true to its momentum, Alex Wykoff, User Research at Brave publicly informed the community about an upcoming feature. Acknowledging the ongoing crypto-focused developments of the company, Wykoff mentioned in a […]
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Source: AMB Crypto

Coinbase’s Brian Armstrong calls for a collective effort from crypto-businesses

Although cryptocurrency’s ability to become a global currency has been applauded by many, few understand its ripple effect on cross-border applications. A common example are OFAC rules that prohibit U.S. citizens from making transactions to countries such as North Korea and Iran. Brian Armstrong, CEO of Coinbase, recently shared the need for a collective effort […]
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Source: AMB Crypto

Can Libra help boost crypto adoption? Coinbase CEO certainly thinks so

Cryptocurrency’s position as a financial disruptor has been the result of operational consistency of the leaders in the ecosystem. Today, with mass adoption redefining the financial status quo, the technology is facing a new wave of resistance from governments, a clear indication of power struggle. Coinbase CEO Brian Armstrong, being part of the crypto-herd, summed up […]
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Source: AMB Crypto

What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers

As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin’s […]
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Warren Buffett is not, and won’t ever be into Bitcoin, claims Litecoin’s Charlie Lee

Out of all the promises made over the last decade, the crypto-ecosystem delivered two of them: a volatile market and persistent leadership. Although entrepreneurs have rooted for their own personal agenda, the cryptoverse has witnessed a new era of mutual inclusion. Highlighting this development, a recent podcast featured Litecoin’s Charlie Lee and Blockstream’s Samson Mow. Touching upon […]
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Source: AMB Crypto

Mainstream media has misled vulnerable users on the environmental impact of crypto-mining

Crypto’s mainstream adoption has not only unleashed a new paradigm for global finance, but also raised a fresh set of concerns for its sub-ecosystem, crypto-mining. In order to uncover the truth behind the impact of digital mining, Peter McCormack interviewed University of Cambridge’s Michel Rauchs to discuss the institution’s research on Bitcoin’s power consumption and carbon […]
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Source: AMB Crypto

Fear-1, FOMO-0: Cryptoverse exhibits telltale signs of an investment hiccup

The cryptoverse has again found itself at the crossroads of falling market capitalization and sideways price movements, giving birth to a new wave of mixed emotions across the cryptocurrency community. This is also in light of many arguing that the cryptocurrency ecosystem is going through a cleansing process by removing money-hungry players. Mati Greenspan, Senior Analyst […]
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Source: AMB Crypto

Bitcoin, altcoins continue to struggle as correction wave hits vital cryptocurrency market metrics

While the cryptocurrency market’s rollercoaster ride comes as no surprise to its users, the ongoing correction streak, in tandem with U.S. government’s resistance, has fueled the depletion of the cumulative market capitalization. It is in light of all these developments that Altcoin Magazine released its latest edition of the Altcoin Review, tracking the growth and […]
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Source: AMB Crypto

Catching up or playing catch up? Justin Sun talks about Warren Buffett lunch

While Facebook’s involvement with cryptocurrency has pulled in mainstream attention, it has overshadowed the decade-long innovations led by crypto technologists. In an effort to clear some of this fog, Tron CEO Justin Sun took to the Internet to share his recipe for success amidst the turbulent crypto market. Sharing his first secret, Sun said, “The […]
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Source: AMB Crypto

It’s game over for gold; crypto assets to capture a meaningful portion of $8 trillion gold market: Barry Silbert

Although financial systems have built on gold’s enormous usability and scarcity, Barry Silbert believes that handing over the wealth to the future generations will involve less use of the highly-valued metal. Arguing that gold shouldn’t weigh down a modern investor’s portfolio, he said: “It’s game over (for gold). Digital currencies like bitcoin are the future. […]
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Source: AMB Crypto