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Crypto news

Breaking news headlines about Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and blockchain technology.

Crypto news

UAE is beginning to use blockchain in the field of crude oil

UAE is beginning to use blockchain in the field of crude oil

01:18 pm 2018-02-22

Global Platts S&P has announced the use of Blockchain technology to share oil stocks in the UAE and to provide the UAE markets with this data. Platts, one of the world's first companies to use Blockchain in oil production, confirmed that it allows market participants to provide data on oil storage on a weekly basis in the Fujairah oil industry. Mamdouh Malik Aziza, Commercial Director of Fujairah Oil Company, said in a press release that the Blockchain technology will allow station operators to provide data on their oil reserves in a more efficient and safe environment.…

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UK  begin Investigations on digital coins and blockchain

UK begin Investigations on digital coins and blockchain

12:52 pm 2018-02-22

The British Treasury Department announced that it will conduct investigations into issues related to digital currency and Blockchain technology. The investigation, the ministry said in a statement Thursday, begins with the treasury committee in several angles, including the role of digital currencies in Britain, the opportunities of those currencies, and their potential risks to consumers, the business community and the government as well. The Commission is considering an organizational balance between consumer protection and Blockchain technology without hindering innovation, and this investigation investigated the regulatory response to digital currencies from the government and the Bank of…

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Top global banks are partnered with the R3 Alliance to launch a pilot trading platform

Top global banks are partnered with the R3 Alliance to launch a pilot trading platform

10:58 am 2018-02-22

The R3, a consortium of more than 100 financial institutions, the Trade Finance Platform (TradeIX), a group of leading global banks and the launch of its trade finance program, was unveiled on Wednesday. According to the statement, the solution is based on the product of the technology of the books of accounts distributed to the alliance "R3", and the ultimate goal of this initiative, called "Marco Polo", in the development of a commercial network open source "fully interoperable" intends to eliminate the processes of preparing existing papers Or at least simplify them in supply chain operations. "The concept…

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The German Financial Authority is issuing new guidelines for regulating ICO

The German Financial Authority is issuing new guidelines for regulating ICO

09:59 am 2018-02-22

The German Federal Financial Supervisory Authority has issued new guidelines on how to classify digital currencies and their various trading offices and classify Token symbols. The agency published an e-mail last Tuesday on the hesitations reached by some companies about hosting digital sales and initial symbols within Germany. The move came after the warning of the Federal Federal Financial Control, in late 2017 regarding the risks caused by digital currencies and investment in them. The e-mail reveals the intention of the Commission to conduct a thorough examination of each individual case and to determine their legal…

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The Polish Central Bank finances anti digital currency campaigns

The Polish Central Bank finances anti digital currency campaigns

08:57 am 2018-02-22

Some local media in Poland have indicated that the Polish Central Bank is funding campaigns on various social media sites to fight digital currencies. The comments came before the Polish central bank acknowledged last Tuesday its funding for a campaign against digital currencies through the sites of Facebook and YouTube, beside the search engine Google. The campaign was a short film entitled "I lost all my money," a young man who invests in digital currencies but does not know how to use them in different purchases. His story ends with the loss of all his…

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PayPal: Bitcoin maybe becoming a popular choice for payment

PayPal: Bitcoin maybe becoming a popular choice for payment

08:26 am 2018-02-22

John Payne, CFO of PayPal, said the currency of the Bitcoin could legitimize it when it was a future public choice for payments. In his remarks to the Wall Street Journal, Rennie confirmed that his company was one of the first companies to support Bitcoin and accepted it on the Braintree platform since 2015. He pointed out that it has become an unreliable currency for transactions because of the high volatility currently being witnessed, Currencies. Asked whether digital currencies will become more popular than ever before as a payment currency, Rennie says there is…

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Brazils largest bank starts relying on the ripple to handle payments

Brazils largest bank starts relying on the ripple to handle payments

06:35 pm 2018-02-21

Itaú Unibanco, the largest bank in Latin America, will use the Ripple network to handle cross-border payments and remittances, the Ripple team said on Wednesday. The Ripple platform is used in most banks in South Korea and Japan, to settle payments between international financial service providers. The Ripple team noted that remittance providers in large remittance markets, such as Brazil and Canada, have started using Xvia, a payment solution developed by Ripple, to handle payments on Blockchain Ripple. Beetech in Brazil and Zip Remit in Canada aim to address payments on the blockchain ripple network…

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Bitcoin applies the SegWit update completely

Bitcoin applies the SegWit update completely

12:57 pm 2018-02-21

SegWit is very important in the digital currencies world because it paves the way for a new layer of technology that is likely to be faster and less expensive, and is focusing on expanding the network. After months of dispute over the update, it was activated in August, an unusual development for developers in the currency of the Bitcoin, which is the strongest currency in the digital currency market, and may move this update to the rest of the other virtual currencies. (SegWit) - focusing on facilitating the transmission of SegWit conversions from the software virtualization…

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BISB is studying the application of blockchain

BISB is studying the application of blockchain

12:25 pm 2018-02-21

Hassan Al Jarrar, Chief Executive Officer of Bahrain Islamic Bank (BISB), listed on the Bahrain Stock Exchange, said that digital currencies should be regulated by Bahrain's regulators before they can be adopted by banks. "The jars" said the bank was considering an important part of the Bitcoin," a Blockchain technology that could be used as an electronic record for the introduction of transactions instead of paper transactions. He pointed out that the Islamic Bank of Bahrain is considering the current period in the technique of "Blockchain" as electronic records to enter information. He…

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Customers are trying to withdraw 20 trillion dollars because of a defect in a Japanese platform

Customers are trying to withdraw 20 trillion dollars because of a defect in a Japanese platform

12:11 pm 2018-02-21

Doth reported an error in the digital currency exchange system in Japan, making users to make the most of the sale of "Bitcoin". The Zaif exchange, operated by Osaka-based Tech Bureau Corp., saw the brief glitch last week which enabled traders to make crypto purchases for free, according to Reuters.  According to Reuters, customers realized this imbalance, making them make the most of it, for 20 minutes, where they managed to get free coins, worth about $ 20 trillion, at the time, and then sell again quickly. The company announced on Tuesday the incident, confirming that…

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