Technology

There are two warring factions at the Federal Communications Commission (FCC).  One side represents the business class, or the dominant internet service providers (ISPs) that want less regulation, freer markets, and the ability to determine how to run and where to build their networks. Its apotheosis is found in the current chairman, Ajit Pai. The
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Digital commerce platform Shopify has joined the Libra Association. The company announced the move in a blog post Friday, becoming the latest member of the Facebook-founded stablecoin developer. Shopify joins roughly a month after Vodafone pulled out of the organization to focus on its own digital payments system. This is the first new member of
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Ethereum developers are leveraging blockchain’s censorship-resistant nature to launch the next iteration of the internet, Web 3.0. Last weekend at ETHDenver – one of the conference circuit’s top gatherings of ethereum coders – decentralized internet alternatives were on display, including Ethereum Name Service (ENS), Unstoppable Domains and UniLogin. Launched in 2017 and 2018, respectively, ENS
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Bitcoin’s lackluster recovery from price support around $9,400 is struggling to gather upside traction amid bearish developments on the short-term technical charts. The top cryptocurrency by market value fell by 5.5 percent on Wednesday to register its biggest single-day drop in three months. Sellers, however, failed to keep prices below the widely tracked 200-candle average
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Cryptocurrency exchange FCoin, which revealed its insolvency this week, may have already been leaking bitcoin as early as July 2018 – just two months after its debut. On-chain analysis and security startup PeckShield released a report on Friday, suggesting FCoin’s bitcoin (BTC) wallets had a significant outflow of nearly 10,000 BTC between July 19 and
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Investment bank Morgan Stanley is buying digital stock brokerage E*Trade for $13 billion. According to the Wall Street Journal, the consolidation will give Morgan Stanley an inroad with E*Trade’s 5.2 million retail investors in what will be Wall Street’s largest deal since the 2008 financial crisis. The bank is targeting this market, though Morgan Stanley’s
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For skeptics and traditional market investors, bitcoin (BTC) is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset.  The West Texas Intermediate (WTI) oil price’s one-month realized, or historical, volatility stood at 105.3 percent on Feb. 10, after having hit a four-month high of 119.6 percent
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Top Italian soccer team Juventus is launching digital collectibles of its star players on blockchain-enabled fantasy football platform Sorare. The freshly inked licensing deal, announced on Wednesday, will see Juventus offer digitally rare collectible “cards” of world-famous players such as Cristiano Ronaldo on Sorare. Sorare, which is based in Paris, France, provides a soccer team
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Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD) arrested two men Monday for allegedly laundering millions of euros in cryptocurrency, according to a joint statement by the Joint Chiefs of Global Tax Enforcement (J5). FIOD arrested the Dutch nationals in separate crypto tax evasion investigations, recovering about 260,000 in unnamed cryptocurrencies
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Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced. The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report.  Volatility rose as bitcoin’s price rallied from lows near $6,850 on Jan. 3
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The European Union is still trying to figure out what to do about Libra, according to a memo released Tuesday by European Commission Executive Vice-President Valdis Dombrovskis. The indecisiveness stems from a lack of actionable information. Specifically, Libra “lacks detail,” according to Dombrovskis.  Despite repeatedly asking the Facebook-launched Libra Association for information about its payments
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Alex Tapscott is a venture capital investor, co-author (with Don Tapscott) of Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World and co-founder of the Blockchain Research Institute, in Toronto. The following excerpt, written by Alex Tapscott, is from his new book Financial Services Revolution, available in all good stores now. Facebook’s foray into
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