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2030, The Year Of The Cryptocoin

2030, 12 years from now and a vision of hover boards, autonomous cars and robot butlers. Whatever your vision of the future holds, I expect it includes some sort of digital money or cryptocurrency. Thomas Frey, author and futuristic visionary predicts that 2030 will see a turning point for cryptocurrency, with cryptocurrency replacing national currencies. According to Time, Frey is set to outline his vision in a report to the Federal Reserve in September. In this report, he will discuss the efficiencies of cryptocurrency and expects that by 2030, 25% of the worlds currencies will be totally replaced by cryptocurrency....

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How Blockchain Can Save The World

Pretty much everything is adopting blockchain technology in some way or another these days, and it is easy to see why. Blockchain has the potential to better so many markets, and impact some of the worlds most powerful and important sectors. Here are just some ways they can help the world… They can create a healthier global environment: People are caring more about the environment nowadays, and are making a conscious effort to purchase environmentally friendly products where possible. Blockchain can make this process so much more transparent, by allowing people to track the entire process for most products; so...

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Criptomoneda, Mexico’s Move For Regulation

Mexican Congress have made it clear today that they want to exert illicit control over cryptocurrency and crowdfunding, in a move to tighten up and clamp down on money laundering in the country. According to Bitcoin.com: “The bill seeks to promote financial stability and prevent money laundering,” The National Banking and Securities Commission (CNBV), the central bank, and the finance ministry will soon begin drafting secondary laws, which will determine key details for companies in the sector.” What this means is that going forward, new cryptocurrencies must be approved by the Bank of Mexico before they are legally able to...

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Decentralized Ledger Systems: A New Age Of Record Keeping

Ledgers and records of transactions have existed for thousands of years. These ledgers helped individuals, businesses and governments identify who owned what property and title claims. The validity of the transactions was authenticated by a centralized government regulatory authority, like the registrar’s office. While this model of centralized record keeping had proven useful, it had also been noted to be incredibly slow and time consuming. Digital Ledgers With the coming of computers, ledgers started becoming digitized. The private sector led the way, with their innovative online record keeping platforms. Government agencies around the world tried to catch up as they...

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Have Cryptocurrencies Become Too Big To Be Regulated?

There is no denying that cryptocurrencies are becoming more and more well known. Most people these days have heard of at least Bitcoin, which accounts for nearly 40 percent of the total market capital, which shows how far the cryptocurrency market has grown since it began in 2009. Yet, despite the fact that the market is increasing, it is still rife with negative connotations. Yet, many professionals have been debating that despite this, has it become too big to ban, or disappear? freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); At the end of February, the total market capital of cryptocurrencies stood at...

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