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Philippine 7-Eleven Stores Now Selling Bitcoin

You may have heard of Abra, the cryptocurrency investment app. Well now, Abra has started selling crypto for cash in all 7-Eleven stores all over the Philippines with a new partnership with payment processor ECPay. Going off an announcement published on 18th September by Abra, the partnership will introduce cryptocurrency to 6k retail outlets all across the Philippines, including all 7-Eleven stores. The firm says that the aim of the partnership is to make acquiring cryptocurrency easier. “Using new digital tools that open up financial access shouldn’t be hard. And they shouldn’t be complicated. Moving cash to crypto and other...

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Bitcoin (BTC) Finally Declines Below $10,000. What Now?

Bitcoin (BTC) has finally declined below $10,000 in an interesting turn of events. It is particularly interesting that this has happened just before the scheduled Bakkt launch on Monday Sep 23, 2019. Certainly, it has left a lot of traders wondering as to why this has happened but those that have been following the hype around Bakkt would know that this has happened before as well. It is not just about Bakkt though. Every event that creates hype leads to the price of the concerned asset declining just before the event. We have seen this happen in the case of...

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Bank Governor Says Central Cryptocurrencies Have Further Freedom than Most

The central bank governor, Mario Marcel has said that central bank cryptocurrencies (CBDC) can provide more freedom during a time of “unconventional monetary policies.” The governor made such comments in a speech titled “High-level Policy Panel Discussion on Central Bank Digital Currencies" at the OECD Global Blockchain Policy Forum held in Paris on September 12th. The opening remarks from Marcel recognised that cryptocurrencies like Bitcoin are already showing some disruptive potential and provide several benefits over the legacy platform. He said: “Disruptive technologies in Finance or ‘FinTech’ are transforming the financial industry landscape, challenging traditional business models. These technologies have...

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North Korea Looking into Crypto & Blockchain

Bitcoin might be a touchy subject for some people. Whereas some investors and traders will have found their retirement fund through investments in cryptocurrency, others consider it to be a bubble and nothing more.  Because of the volatile nature of the leading cryptocurrency, it can often be seen as a bit crazy but there’s plenty of worse things that could happen in the crypto space… for example, a digital asset designed by North Korea… As reported by CCN: “North Korea is a communist dictatorship in which the entire population is starving and has no wealth, while only the small number...

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JP Morgan Chair Bullish on a US Recession

An international recession is going through the minds of many people but the chairman of JP Morgan Chase has other things on his mind. Dimon has quite a positive outlook on the state of the US economy. Speaking at the Business Roundtable, the JP Morgan chair has said that his gut feeling is that the economy for America isn’t going to take a turn for the worse at all. "There will be a recession again. My own gut tells me it’s not imminent.” For those that don’t know, “the Business Roundtable is a non-profit association based in Washington, D.C. whose...

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