Cryptocurrency 

Turkey’s Unexpected Rise to the Top of Global Crypto Adopters

When thinking of countries that are ahead of the curve in crypto adoption, Turkey might not be the first place that springs to mind. However, Statistica’s Global Consumer Survey for 2019 shows that a fifth Turkish residents are acquainted with crypto and have been exposed to it in some form or another. If the figures are true, 20% is the highest proportion of all the countries in the world.  Flying under the radar, Turkey has undoubtedly become a crypto giant, and with President Recep Tayyip Erdoğan recently announcing that testing…

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Bitcoin 

‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin

The world’s combined debt will hit $255 trillion by the end of 2019 — equal to $32,500 for each person on the planet or $12.1 million per Bitcoin (BTC). Bitcoin figures reacted with shock to the latest figures from the Institute of International Finance, which this month updated its Global Debt Monitor.  $12.1 Million per single Bitcoin By the end of the year, the world’s debt will have expanded by an extra $12 trillion compared to the end of 2018.  The timely data comes as United States national debt alone…

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Bitcoin 

How Blockchain Disrupts Global Business | Sibos 2019

Blockchain technology is reshaping the face of our global financial system, and it goes far beyond cryptocurrencies alone. Since Bitcoin’s arrival, the conventional finance world has been intrigued by blockchain, Bitcoin’s underlying disruptive technology. Now we are seeing that intrigue being transformed into a full-fledged and active public interest, and the potential onset of popular mass adoption. But why is the white-collar financial world interested in adopting the very technology that holds profound implications for permanently altering “business as usual?” We headed to London in attendance of a conference called…

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Cryptocurrency 

A Global Overview From Ljubljana to Zurich

There’s no easy way to buy, send or spend cryptocurrency in person — not even for a slice of pizza or a cup of coffee, or so it’s been said. Meanwhile, the number of physical merchant locations that accept crypto payments keeps growing. As of late October 2019, 15,558 business venues worldwide were accepting Bitcoin (BTC) as a method of payment, up 18% from a year earlier, according to Coinmap.org. The crowdsourced heatmap, devised by Satoshi Labs in 2013, draws on input from consumers and merchants. It also offers up…

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Bitcoin 

The Final Frontier for Global Crypto Adoption

Earlier in September, Cointelegraph reported that Israeli cybersecurity startup GK8 had raised $4 million to finance its offline cryptocurrency transaction solution. The company developed a cold wallet with “hot wallet functionalities” that is completely shielded from online hackers because it does not require an internet connection.  Apart from creating additional security layers, offline transactions could, in theory, enable complete censorship resistance for cryptocurrencies. Being able to sign, send, validate, receive and record value transfers without the internet might also be the key to ensuring global cryptocurrency adoption. To this end, there are…

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Bitcoin 

Global Wash Trading on Crypto Markets Down by Over 35%, BTI Reports

Global wash trading on cryptocurrency markets was down by over 35% in September, according to the latest surveillance report from the Blockchain Transparency Institute (BTI). Kraken, Poloniex, Coinbase and Upbit are still the “cleanest” platforms Per the report, global wash trading was reduced by 35.7% among the exchanges on the Institute’s top-40 listings. BTI’s data indicates that the “cleanest” platforms continue to be Kraken, Poloniex, Coinbase and Upbit. At the other extreme, OKEx and Bibox appear to have the highest percentage of wash trading among the top 40. While the…

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Bitcoin 

Binance Seals Accreditation From Global Security Standards Organization

Cryptocurrency exchange Binance has been awarded an internationally recognized security accreditation, ISO/IEC 27001, following two external audits of its information security systems. The exchange shared news of its accreditation in an official tweet on Sept. 23. Two external audits to secure the accreditation The ISO/IEC 27001 standard that underpins Binance’s new accreditation is the international standard that provides the specification for information security management systems (ISMS). The technology-neutral standard is designed to assist organizations in managing their information security processes in line with international best practices. To be evaluated for…

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Bitcoin 

Cubans Are Turning to Bitcoin to Access Global Economy: Report

Bitcoin (BTC) trading is opening new avenues for citizens in Communist-run Cuba, which has been financially isolated for years under a United States trade embargo. A Sept. 12 report from U.S. News claims that with the recent advent of mobile internet in the country, Cubans are increasingly buying cryptocurrencies to make online purchases, as well as to invest and trade. “Opening new doors” in retail Without access to debit or credit cards for international use, cryptocurrency-enabled purchases are a welcome opportunity for locals. In an interview with U.S. News, local…

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