Accenture invests in Emtech to strengthen CBDC, fintech solutions
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.
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Revolut secures UK banking license after three-year wait
Revolut secured a UK banking license after a three-year regulatory process, marking a significant milestone in its expansion and solidifying its position in the home market.
Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation
Bitcoin (BTC) fell sharply on June 10 after surprisingly high inflation data from the United States rattled markets before the Wall Street open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Bitcoin will be "painful" if $29,300 fails to holdData from Cointelegraph Markets Pro and TradingView tracked a $600 dive for BTC/USD as May's Consumer Price Index (CPI)…
China’s digital yuan could be a fatal blow for Macau casino junkets
Macau's casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan. Beijing's bid to better control money laundering and illicit transactions through a fully-traceable central bank digital currency could pose a threat to the country's…
WSJ Claim of $9 Mln Laundered Via Shapeshift Based on Flawed Investigation, Analysts Say
Blockchain intelligence firm CipherBlade has accused the Wall Street Journal (WSJ) of using flawed investigative methods and thus overestimating the extent of alleged money laundering via crypto exchange ShapeShift. CipherBlade’s analysis of the WSJ report was published in a blog post on March 20.As reported, the WSJ published a lengthy exposé in fall 2018 that…
‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
The United States Congressional Budget Office (CBO) has predicted that the U.S government's annual deficits will “nearly double over the next decade.” 2389 Total views 3 Total shares The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a…
South Korea faces strict crypto regulation and fears of centralization
From real-name account trading to investigating individuals using cryptocurrencies to evade taxes, government officials in South Korea are enacting stricter regulations to oversee the cryptocurrency industry in the country. These measures often require digital currency businesses to provide detailed customer data and transaction information to the relevant authorities.With these stringent measures often comes an increase…
Zcash Foundation Says ZEC Developer Broke Trademark Promise
The Electric Coin Company (ECC), the developer of second-biggest anoncoin Zcash (ZEC), has reneged on its declared intent to share its trademark with the non-profit Zcash Foundation.The decision has — from the perspective of the Foundation — lowered the Zcash ecosystem to the level of “decentralization theater,” according to an official blog post on Sept.…
Guggenheim says institutional demand not enough to keep BTC above $30K
Guggenheim CIO Scott Minerd has made another bearish prediction for short term Bitcoin prices. 250 Total views 2 Total shares Guggenheim’s Scott Minerd has come out with another gloomy price outlook for Bitcoin stating that there is not enough institutional demand to keep the asset over $30,000.The chief investment officer of the financial services firm…