In a session of the AMA (“Ask Me Anything”) on Reddit, the director and co-founder of Circle, Jeremy Allaire, declared that he expects Crypto to have a greater impact on humanity than the invention of the Internet. Circle is a famous Fintech startup supported by Goldman Sachs that became popular…
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The office of the Secretary-General of the Commonwealth of Massachusetts, which oversees the State Securities and Markets Authority, has reportedly formed a fintech advisory group, American Banker reports on March 7. Secretary General William Gavin’s office has reportedly formed a group comprised of representatives of the Eastern Bank in Boston,…
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It is an ambitious goal that the East-Caribbean monetary union has taken in view for the coming years. By 2021, the eight island states want to reduce their cash use by half, thus boosting the economy. In order for this to succeed, the joint central bank of the archipelago ECCB…
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Blockchain technology will bring forth the next generation of the Internet in the years to come. A change from a network for information exchange to a network for the exchange of values. In the field of asset management, proven models are also facing a disruption through blockchain implementations. Cryptocurrencies are…
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The main stock exchange of Switzerland, SIX Swiss Exchange, launched on March 5 a stock trading product (ETP) based on Ethereum (ETH), according to the website of SIX Group. This new financial product is backed by the Swiss company Amun AG, and will be listed under the AETH index. In…
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The blockchain share developed by the Swisscom subsidiary Daura is ready. Users are already found. A candidate for a crypto bank license should complete the offer. The title of the country’s first crypto-stock was received by the Geneva startup Mt Pelerin before the Daura-makers. But the latter can now claim…
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BTC-ECHO had already reported on the “Lightning Torch”, a kind of Olympic flame for bitcoin enthusiasts. In particular, the difficulties of sending Satoshis from the US to Iran sparked controversy in the scene. Despite the adversities, the Torch finally reached Persian realms on 4 March. Now all political hurdles seem…
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Just a few weeks ago, JP Morgan Chase, one of the largest financial institutions in the world, shocked the cryptographic space. For those who missed the memo, the Wall Street pillar revealed plans to launch their own digital asset, based on the private accounting book Ethereum-Esque Quorum. Due to its…
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Goldman Sachs-backed cryptocurrency finance group Circle reportedly plans to raise around € 220 million from a combination of equity and credit. Circle’s plan Circle, which generates revenue from trading fees on its crypto-currency exchanges (Poloniex and the institutional offering of Circle Trade), saw its earnings decline after the crypto-crash led…
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The blockchain developers of Blockstream have released a new version of their scaling software for Bitcoin (BTC), as reported on March 1 on the company’s blog. The software called “C-Lightning” is an implementation of the Lightning Network (LN) written in the C programming language. The Lightning Network serves as a…
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