Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live

Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takasbank) announced that its blockchain-based, physical gold-backed transfer system is now live. Turkish Takasbank launched BiGA Digital Gold to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold, according to an announcement on Dec. 30.  The BiGA system — first announced in […]

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Katherine Wu on DeFi and the Inevitability of the Digital Yuan

Katherine Wu was a founding team member at Messari before moving into a VC role at Notation Capital, but is perhaps best known in crypto for her epic annotations of key regulatory enforcement actions. In this end-of-year interview with The Breakdown, Katherine argues that decentralized finance is the narrative of 2019, but also that when […]

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Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

On Dec. 18 Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis.  Following the COP25 UN Climate Conference in Madrid, Sun tweeted: Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left […]

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Bitcoin in the Middle East: A Highly Probable Enigma

A source addressing the Middle East News Agency showed a proposed bill to boycott the creation, exchanging, or advancement of digital forms of money without a permit. Already Egypt restricted all digital money under Islamic law.  Shawki Allam, the present Grand Mufti of Egypt, gave that boycott in mid 2018, expressing the innovation could undermine […]

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Dow Jones Rally Has Even the Biggest Bulls Fearful, And It’s a Bad Sign

The Dow Jones rally is heating up so fast it has big bulls on Wall Street worried. Low earnings growth and the over-confidence of investors signal that a pullback is likely. Top money managers expect the stock market to return to fair value in the short-term. The Dow Jones Industrial Average (DJIA)’s longest-running bull run […]

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China’s Crackdown on Cryptocurrency Trading: A 2019 Recap

While China has waged war on domestic cryptocurrency trading activities since 2017, this year saw it tighten the screws as hype around crypto’s underlying blockchain technology renewed interest in digital assets. Below is a summary of China’s difficult relationship with crypto and how it has evolved in 2019. China does not like crypto trading As […]

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