How the World’s Largest Crypto Exchange Helped Usher in the Dawn of a Currency Revolution

The world’s largest crypto exchange, Binance, is flush with massive profits from its operations in 2018, estimated from buybacks of its BNB token to total $ 446 million. Although Bitcoin is trading at a loss over the last 12 months, transaction volume has been steadily increasing over the last year, so Binance has been busy. “To date, even in this bear market, we still run a profitable business,” Binance CFO Wei Zhou told CNBC in a phone interview Wednesday. Binance is looking good in 2019. Awash with cash from its 2018 operations, the world’s largest cryptocurrency exchange flexed some half a

The post How the World’s Largest Crypto Exchange Helped Usher in the Dawn of a Currency Revolution appeared first on CCN

News – CCN

Social Proof-of-Work: Asia Reserve Currency Coin and Its Fight Against Corruption

A Southeast Asian stablecoin project aims to neuter corruption. It places an incentive on public reporting of problems. The International Blockchain Monetary Reserve calls the Asia Reserve Currency Coin (ARCC) a “macroeconomic stablecoin.” While it has a seemingly complicated structure, the premise is simple enough: as productivity and GDP increase as a result of its effects, the ARCC will increase in value. The token’s economy will have two parts. One is a licensed hedge fund that will manage investments and holdings to increase and preserve the liquidity of ARCC. The other is the ARCC token economy itself, which will be

The post Social Proof-of-Work: Asia Reserve Currency Coin and Its Fight Against Corruption appeared first on CCN

News – CCN

Wyoming to approve Bitcoins as a legal tender currency

Wyoming is ready to approve cryptocurrencies as personal property after the State Senate approved the “Digital Assets” bill. The bill is now waiting for its debate in the State House of Representatives.

In this framework, the law would provide legal rights to crypto assets as digital consumer assets, digital securities and virtual currencies to be used to sell and buy goods. Long story short, cryptocurrencies will become as legal as the dollar or the Euro for Wyomingites, the people who live in the state.

More here: https://www.cryptimi.com/news/wyoming-ready-to-approve-cryptocurrencies-as-personal-property/

submitted by /u/mcarrillofx
[link] [comments]
Bitcoin – The Currency of the Internet

The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It’s now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin?

The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin? submitted by /u/Crevative
[link] [comments]

Bitcoin – The Currency of the Internet

Marshall Islands to Issue Physical Banknotes for World’s First Decentralized National Digital Currency

The Marshall Islands will soon circulate physical banknotes representing the world’s first decentralized national digital currency. This is happening under an agreement with Tangem, a Swiss maker of blockchain-enabled smart card wallets for cryptocurrencies. “We are excited to partner with the Republic of the Marshall Islands to do something that has never been done before: issue a digital currency as official legal tender,” Tangem co-founder Andrey Kurennykh gushed in a statement. Smart Card with Microchip and NFC Antenna The physical banknotes will take the form of a smart card powered by a blockchain-enabled microprocessor. Tangem says its technology enables users to

The post Marshall Islands to Issue Physical Banknotes for World’s First Decentralized National Digital Currency appeared first on CCN

News – CCN