Crypto Debit Cards | Visa UK’s Former CEO Joins Crypterium to Develop Payment Method

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said in an interview with Business Insider that he had been named CEO of a cryptocurrency startup named Crypterium. O’Brien was the CEO of VISA UK from 2008 to 2014. During the interview, he said that the Crypterium team is working hard to promote the acceptance of cryptocurrencies like Bitcoin and Ethereum and make them legitimate payments. Tools that allow users to use them for daily product and service transactions, tools like crypto debit cards. “Currently, cryptocurrency is…

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Crypto Scams | Find Out Who Was the Lastest Victim

Crypto scams are a prominent problem within the crypto industry. Even though the problem has been addressed on many occasions, and many are fighting to solve it, that doesn’t mean that the general public can sit back and not do their part to stay vigilant.  By being duped by these scams, you run the risk of ending up like Australian consumers in 2017. What does that mean? Read on, you’ll soon understand.  Crypto Scams Hit Australia  Yesterday, Australia announced that its consumers lost over $2.1M to crypto scams last year.…

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Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips

The global chief economist of a major investment firm has criticized cryptocurrencies in an op-ed on investment fund news site ETF.com published yesterday, May 21. Joe Davis, the global chief economist and global head of Vanguard Investment Strategy Group, stated that while blockchain technology shows promise, the rise of cryptocurrencies can be compared to the Netherlands’ 17th century “tulip mania,” a classic example of a bubble market. Davis, whose firm manages a reported $5.1 trillion in assets globally as of this January, began the piece by remarking on his enthusiasm…

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From the Internet to Crypto

Throughout history, the thoughts and perceptions of the masses have been shaped by leaders of politics, industry and entertainment. The greatest minds of our time have often predicted and touted some of the most prolific innovations. Lended the support of these voices, these very innovations have shaped the way the world works. Internet A prime example would be the Internet. The technology revolutionized communication in the 1990s and led to a surge in investments in Internet-based companies. What followed is now known as the dotcom bubble – a rapid rise in…

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U.S. CFTC Seeks to ‘Provide Regulatory Clarity’ for Listing Virtual Currency Derivatives

The U.S. Commodity Futures Trading Commission (CFTC) has issued an advisory statement for listing virtual currency derivative products, according to a CFTC press release published yesterday, May 21. The advisory statement is aimed at providing clarity for exchanges and clearing houses. The staff advisory, which was jointly issued by the CFTC’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR), focuses on the specific areas involved in listing virtual currency derivatives on a designated contract market or swap execution facility. It covers the necessity for more market…

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Russia and Iran Discuss Crypto Alliance

Crypto Alliance – Russia and Iran might start using digital currencies, like Bitcoin (BTC), to bypass international sanctions, Russian news source RBC reported yesterday. Both countries are exploring ways to replace the SWIFT interbank payment system and avoid the US dollar transactions said the head of Iranian Parliamentary Commission for Economic Affairs, Mohammad Reza Pourebrahimi. Pourebrahimi met with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, and said that collectively they have “engaged the Central Bank of Iran to start developing proposals for the use of cryptocurrency.” Pourebrahimi…

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Trending Crypto News | Find Out What Went on This Week

The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week’s trending crypto news!  Trending Crypto News | May 14 – May 18  Monday  Coins on the crypto markets started Monday both in the green and the red. While Ripple (XRP) found itself up during the day, Cardano (ADA) found itself down.  Monday was the first main day of Consensus 2018, and it was there Ripple (XRP) announced its brand new initiative, deemed the Xpring…

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JP Morgan Appoints New Director of Crypto Assets Strategy

According to a Business Insider report on May 17th, JPMorgan Chase, the leading US banking group and financial services company, recently created and filled a new position— the head of Crypto Assets Strategy. Crypto Assets Strategy Oliver Harris, 29, will assume this new role and report to Umar Farooq – head of blockchain development. Harris will also lead JPMorgan’s internal blockchain project, Quorum, which was tested by JPMorgan Chase and the National Bank of Canada since last month. According to the Business Insider report, Harris will identify and lead new encryption projects…

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Consensus 2018 Updates | Blockchain Hype, Falling Prices, Another Heist; It’s Not All Positive

Consensus 2018 Updates: The Consensus summit is an industry event famed for creating excitement and price hikes in the cryptosphere. However, while there was much positive news to write home about, the Consensus also shed light on some not-so-encouraging opinions and facts. Here are some areas of concern to take away with you from this years summit… Prices Fell Bitcoin price fell again on Tuesday – right in the middle of the summit. This could be attributed to the differing opinions from highly respected figures, which were on display at…

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Federal Reserve President Predicts Complete Crash

The cryptocurrency market hasn’t gained momentum despite several underlying developments in the last two months. Bitcoin and the rest of the virtual currencies lost the majority of gains that they achieved at the beginning of the month, pulling out almost $90 billion from the total cryptocurrency market capitalization in the last two weeks. Although the New York consensus conference couldn’t help bulls create a substantial rally, St. Louis Federal Reserve President James Bullard’s remarks have raised several questions over the future of cryptocurrency markets. Source Image: coinmarketcap.com The cryptocurrency market pulled back…

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