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How The UK Plans To Help Bitcoin

In a bid to strengthen the regulatory environment for Bitcoin and other cryptocurrencies, the UK has unveiled a new fintech strategy for companies. The strategy will involve the UK setting up a new crypto asset task force, which will help businesses make use of the blockchain technology that is the basis of Bitcoin and other cryptocurrencies. Speaking of the benefits, the UK Chancellor, Phillip Hammond said; “A new task force will help the UK to manage the risks around crypto-assets, as well as a harnessing the potential benefits of the underlying technology.” The task force is being formed from representatives...

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Snapchat Is The Latest To Ban Crypto Ads

Snapchat is the latest to follow in the same footsteps as Google, Facebook and Twitter and has banned ICO adverts. This move was pretty inevitable given the other bans. There is a lot of negative attention surrounding ICO’s and they are very loosely governed. Not much has been said on how strict these bans are, unlike Facebook, which is on a much broader scale, targeting ‘misleading and deceptive ad practices…including ICOs and cryptocurrencies that currently aren’t operating in good faith.’ Perhaps the strictest ban comes from Google though, who is not going anywhere near cryptocurrencies. This includes, ICOs, digital wallets,...

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Michael Owen Launches His Own Cryptocurrency

Ex Liverpool footballer, Michael Owen has announced that he is launching his own cryptocurrency; the Owen Coin. He joins other sportsmen, including Manny Pacquiao. On Wednesday, Owen unveiled the Owen Coin, which is being supported by the Singapore based Global Crypto Offering Exchange. The token will allow investors to purchase merchandise, such as personal training videos, donate to charity, and interact with the man himself via live streaming. The Global Crypto Offering Exchange claims to be the world’s first celebrity cryptocurrency exchange and went even further to say that how they were listed on the exchange would be a direct...

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What Is Wrong With Three Of The Top Cryptocurrencies

Ripple, Ethereum and Litecoin have all experienced huge losses this year, and a lot of people are blaming Bitcoin for this. Despite the fact that Bitcoin has also been performing badly this year, it is unfair to say that it is the driving force behind the other price drops. There are in fact, two likely reasons that the above mentioned cryptocurrencies are plunging, and neither are them are caused by Bitcoin. The competition has widened considerably. Last summer there were 900 cryptocurrencies available to investors. In less than a year, this number has dramatically increased to 1,650, and what is...

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G20 Put Cryptocurrency On Hold Until July

Some of the world’s leading finance ministers have pledged to look seriously at how a system of regulation could be developed to govern crypto assets. In a communique published on Tuesday, the G20 said:“ We call on international standard-setting bodies (SSBs) to continue their monitoring of crypto-assets and their risks, according to their mandates, and assess multilateral responses as needed.” A deadline of July later this year was set for a package of recommendations to be articulated, with the Italian central bank governor Ignazio Visco commenting that he expected this task to be largely entrusted on the International Organisation of...

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