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Cryptocurrency Exchange Script Services By The Ninehertz Have Made The Modern Transaction Through Wires An Easy Job Deal

(MENAFN - EIN) We aim to bring advancement in the industry and create IT differently for the world.— Hemendra SinghCINC

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Core Of Paydex Technology Creating A Global Competitive Cryptocurrency Payment System

According to foreign media reports Vtoken the world’s largest decentralized exchange will launch Paydex a new cryptocurrency payment tool this year. From relevant information we can find that Paydex’s application and innovation in technology will provide new ideas for the development of digital payment tools. From the official information you can see that Paydex (V …

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Tether Reveals Its Cryptocurrency Is Not Backed By Dollar Only

Tether the largest stablecoin by market cap has revealed new details regarding its collateral model. Until recently Tether has claimed that its

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Cryptocurrency Roundup: 11th March To 17th March

BTC/USD price breaks above $4000 for the first time since 24 February with daily trading volume hitting a near 12-month high at $11 billion

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Stablecoins Are Threatened By These Two Major Issues

On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws. Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Stablecoins May …

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Hodler’s Digest March 11–17: Top Stories Price Movements Quotes And Fud Of The Week

In this week’s Hodler’s Digest Jay Clayton may not consider ETH to be a security but the CBOE is over BTC futures contracts for now.

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Bigone Exchange Review | 2019 Guide

What is BigOne? BigONE is a crypto-to-crypto exchange that was established in 2017 which enables users to trade with bitcoin (BTC) ether (ETH) and other altcoins. BigONE is also backed up by INBlockchain a blockchain investment firm. It is not known in which country the exchange is based. The co-founder and CEO of the exchange

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Cryptocurrencies Untether The Goat Of Sovereign Tender / The Financial Times

Cryptocurrencies untether the goat of sovereign tender The existence of digital currencies challenges the idea that money can only be created by nation-states Simon Gleeson Growing on trees: we have removed the real goats from the system and now use only notional goats © Dreamstime Back in the 1930s according to John Maynard Keynes one of the jobs of a district commissioner in Uganda was to inspect and evaluate goats. The local unit of currency was the goat so most goods were priced in goats. So when a local sought to discharge a debt by presenting an animal that was exceptionally sick old or otherwise undesirable the district commissioner would rule on whether that particular animal was fit to count as a “goat” for transactional purposes — whether it was as it were a negotiable goat. One way of understanding this system is that the relevant economy was in effect on a “goat standard” — the value of its standard currency unit was linked to the value of an underlying commodity. If the value of that commodity decreased relative to other commodities the value of the currency unit would decrease proportionately (that is there would be inflation) and vice versa. The goat standard and the gold standard are identical concepts. In both cases the idea is that money has value because it is in some way associated with a real thing for which it can be exchanged. However this “commodity standard” model has now been largely abandoned. Today’s “fiat” currencies derive their value solely from the promises of their sovereign issuers. In effect what has happened is that we have removed the real goats from the system and now use only notional goats. This means that we have stripped the idea of currency down to its barest essence — that it is no more than a token deriving its value exclusively from the expectation it will be generally accepted in payment. In a world that operates on this model anything that is accepted as payment functions as currency regardless of the identity of its creator. It should therefore be no surprise that we have seen a boom in the creation of cryptocurrencies: entirely private tokens created for the purpose of functioning as payment mediums. The existence of such currencies challenges head-on the idea that money can only be created by nation-states. In particular it refutes the idea that what gives money its status is the existence of national laws obliging citizens to use it — deeming it “legal tender”. If this were the definition of currency then it would provide the necessary link between sovereign status and money creation. However it is clearly not. Citizens of Weimar Germany for example did not stop using the mark because it ceased to be legal tender but because it ceased to be accepted in payment by their fellows. Equally the Zimbabwean economy switched in a relatively short period of time from the Zimbabwean dollar which remained legal tender to the US dollar which was not without losing a monetary function. In practice when a unit is no longer confidently expected to be generally acceptable in discharge of debts it ceases to be money regardless of its legal status. So where does this leave the sovereign link? In any economy the thing known to be acceptable as payment to the largest participant in that economy will function as money. Since the sovereign is the largest participant in any national economy anything it accepts as payment will be de facto “money” in that economy. This link however comes at a price. Because currencies are perceived as obligations of the sovereign they gain or lose value as a result of fluctuations in the creditworthiness of that sovereign. Viewed in this light the sovereign promise that backs currencies is simply a modern variation of the goat — the link tying a notional unit of account to an external thing. In 1971 the US untethered the dollar from physical gold; a move away from fiat currencies is the logical next step. Breaking that link through the use of privately issued payment instruments is equivalent to ditching the underlying goat. Once he is gone the goat will probably not be missed any more than the gold standard is missed today. The writer is a partner at Clifford Chance and author of ‘The Legal Concept of Money’

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Markets Update: Crypto Prices Show Improvement And Bch Rallies

Is crypto spring or altcoin season starting to ... The second highest valuation is held by ethereum (ETH) and each coin is swapping for $142 per unit. ETH markets are up 3.9% for today and roughly ...

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Ontology Price Resumes Bullish Trend As Usdt Pairs Yield High Trading Volume

Although some bearish momentum was forming across most crypto markets in the early hours this morning it seems the bullish trend will be resumed without too many problems. Although there are some minor casualties to take note of the Ontology price continues its prominent rise to the top 15 by market cap. Ontology Price Momentum …

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Ibankex Mobile App Is Live

VANCOUVER BC / ACCESSWIRE / March 15 2019 / iBank Digital Asset L.P. (“iBank Digital” “iBankEX” or the “Company”) announced the launch of the new iBankEX app now available on iOS and Android mobile devices. This new mobile app will give users access to 150+ crypto assets to trade with USDT BTC and ETH.

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Analysis: New Tether Model Could Make Prices Unstable

Others speculated that the company was seeking to loan out its vast reserves and profit from the interest; some even alleged that it was a sure sign of an exit scam. Crypto Briefing reached out to ...

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Daniel Popa: The Founder Of Stable Coin Anchor Explains Why He Moved Into Crypto

Daniel Popa the CEO and founder of Anchor has had a successful career in tech spanning many countries dating back 20 years. Here he answers some questions from Coin Rivet. Can you explain how Anchor differs from other stable coins such as Tether? Tether is tied to the US dollar (1:1) a fiat currency

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Tether (usdt) Not Backed By 100% Cash; New Terms Of Service Include Loans & Assets

A shift in wording suggests that the Tether company is backing some USDT with loans in effect inflating the money supply without direct dollar inflows.

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Crypto Market Wrap: Bitcoin Dominance Falls To 2019 Low Has Altcoin Season Begun?

Crypto markets being pushed by means of altcoins; Cardano NEM and CRO Cranking Bitcoin dominance d

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Why Nexo Is The Next Big Cryptocurrency

Why NEXO is the next big cryptocurrency

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Tether Says Its Usdt Stablecoin May Not Be Backed By Fiat Alone

Tether has updated the terms on its website saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.

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Tether Reverses Claim Of 100% Dollar Backing Sparking Criticism

Tether is back in the headlines after the company updated its terms and conditions to suggest its dollar-pegged digital currency may not be 100% backed by traditional currencies — a claim it had repeatedly stood by in the past.

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Byte Me: The Cryptocurrency Monkey’s Paw

Copying and distributing are prohibited without permission of the publisher.

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Crypto Market Update: Tether (usdt) Not Backed 100% By Dollar Reserves

One of the largest stablecoins in the market Tether (USDT) has finally admitted that it may not be fully backed by fiat. The new development comes aft

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Tether Spotlight Once Again: Controversy Over 100% Peg To Usd

Well-liked stablecoin Tether (USDT) – the sector’s ninth biggest cryptocurrency by the use of

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Lisk (lsk) Moves Up; Joining Tokenpay & Litecoin Foundation Owned Weg Bank As Partner

The Lisk project has joined Litecoin (LTC) and TokenPay in their effort to use the German WEG bank as a partner to allow everyday crypto payments.

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Breaking News: Nasdaq-powered Estonia-based Dx.exchange Security Token Trading Goes Live

Europe-based Nasdaq-powered digital trading platform DX.Exchange has announced that it has launched the first ever security token trading that current

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Nasdaq-powered Eu Digital Exchange Dx Launches Security Token Trading

Estonia-based Nasdaq-powered digital trading platform DX.Exchange is claiming an industry first with its launch of security token trading and security token offering (STO) listings. According to the press release the platform now allows investors to purchase security tokens using both fiat and major

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Crypto Platform Dx.exchange Adds Secondary Trading Of Security Tokens

DX.Exchange a crypto platform that soft-launched in January has added support for secondary trading of security tokens. 

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Xrp Added To Binance Trust Wallet Along With Support For Credit Card Payments

The leading exchange by trading volumes has boosted the potential for direct cryptocurrency purchases.

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Tron Tycoon Flaunts Crypto Fortune Trolls Elon Musk With Tesla Giveaway

Tesla CEO Elon Musk has yet to add bitcoin as a payment method but for the crypto community the door is always open. Tron CEO Justin Sun is putting his money where his mouth is announcing a $20 million free cash airdrop that includes a Tesla for one follower. Sun wants to celebrate the resounding

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How Does It Work: Stablecoin Dai And Ethereum’s Maker Dao

The volatility of cryptocurrencies has been one of the crypto trend’s largest problems ... that would be backed with real-world assets (fiat currencies gold etc.) or by other means such as control ...

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Paxos (pax) Set To Tokenize Precious Metals & Gold By Year-end

The process of launching a gold-backed token requires further regulatory compliance but Paxos CEO has plans for more.

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Bitcoin Ethereum Ripple Litecoin Overview: Bulls And Bears Continue Their Seesaw Battle

Cryptocurrency market partially reclaimed the ground lost during the previous sessions. The capitalization of all digital assets in circulation increa

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