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BEARS ARE WRONG: Why miners are banking on a huge Bitcoin price rise

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This Week in Cryptos: Binance to Support Dogecoin while Cuba Looks towards Cryptos

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Bitcoin Holds Above $11,300, Top Cryptocurrencies See Mixed Results as Market Reacts to Lagarde Appointment

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Bank Of England Governor Might Open Opportunity For Ripple Tech, Says That Payments Across Borders Should Be Indistinguishable From Those Across The Street

The Governor of the Bank of England, Mark Carney, has vowed to transform the central bank in preparation for the upcoming “fourth industrial revolution.”

Speaking at the Innovate Finance Global Summit, Carney said that he would focus on encouraging innovation among fintech startup, and making climate change and Artificial Intelligence (AI) priorities.

Carney stressed on the emerging digital economy, which many developing nations are preparing for by embracing blockchain technology and decentralized systems.

The Governor of the Bank of England, Mark Carney, has vowed to transform the central bank in preparation for the upcoming “fourth industrial revolution.”

Speaking at the Innovate Finance Global Summit, Carney said that he would focus on encouraging innovation among fintech startup, and making climate change and Artificial Intelligence (AI) priorities.

Carney stressed on the emerging digital economy, which many developing nations are preparing for by embracing blockchain technology and decentralized systems.

The second great wave of globalisation is cresting. The Fourth Industrial Revolution is just beginning. And a new economy is emerging. That new economy requires a new finance. A new finance to serve the digital economy, a new finance to support the major transitions underway across the globe, and a new finance to increase the financial sector’s resilience.

Carney also spoke of the changing nature of the way we exchange value,

Consumers and businesses increasingly expect transactions to be settled in real time, checkout to become an historical anomaly, and payments across borders to be indistinguishable from those across the street.

Though Ripple is not mentioned by name, the kind of solutions that Ripple offers is a partial answer for the kind of upgrade that Carney speaks of. The cross-border solutions that Ripple provides has been warmly welcomed by banks across the world.

Earlier this year, the World Economic Forum released a report that showed over 40 central banks across the world were conducting research and/or implementing blockchain solutions. Certainly there is a lot to be gained by established entities adopting the technology, IMF Managing Director, Christine Lagarde, has also said that “cryptocurrencies clearly shake the world.”

Abhimanyu Krishnan
About Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Source: Bank Of England Governor Might Open Opportunity For Ripple Tech, Says That Payments Across Borders Should Be Indistinguishable From Those Across The Street

Armin Hamidian : Helping To Build Our Center Against Crypto Scams

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Bitcoin Cash Price Surpasses $250 Following Monster Bullish Run

Bitcoin Cash Price Surpasses $250 Following Monster Bullish Run: A 39.8% push in USD value brings the current Bitcoin Cash price to $252.96. There is also a 32.3% rise in BCH/BTC, which elevates the ratio to 0.05115 Bitcoin…

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Ripple Just Announced That It Is A Founding Member Of The European Commission’s Association For Blockchain, INATBA

Ripple Just Announced That It Is A Founding Member Of The European Commission’s Association For Blockchain, INATBA: The association has several other notable players in the cryptocurrency space, including IOTA, Cardano, Lisk, ConsenSys, Ledger and R3; and some outside, like payments system SWIFT

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A 5-Star Hotel In Switzerland To Accept Crypto

A 5-Star Hotel In Switzerland To Accept Crypto: Nothing beats a great vacation after a hectic schedule, especially with the use of cryptocurrencies.Dolder bitcoin-friendly hotel is looking forward to be introduced in the world of modern payments and that is one of the Switzerland’s five-star Hotels.

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New $50 Million Fund Makes First Investment in Blockchain ID Startup

New $50 Million Fund Makes First Investment in Blockchain ID Startup: Okta, which provides identity management solutions, announced the Okta Ventures Fund Wednesday, adding that it has made its first investment in blockchain-based identity startup Trusted Key. The investment amount was not disclosed

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SEC Publishes Guideline to Help Clarify XRP Security Status

SEC Publishes Guideline to Help Clarify XRP Security Status and Other ICO Tokens: The ICO Token guidance titled “Framework for “Investment Contract” Analysis of Digital Assets” is the closest the SEC has gotten to clarify xrp security status as well as other ICO tokens.

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