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Central Bank plans to issue own cryptocurrency. Use of a Central Banked Digital Currency (CBDC) to help families in places where no banks are present. Last updated: June 26, 2018.

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Bitcoin Agitator John McAfee Runs Afoul of Bahamas Anti-Corruption Czar

By CCN Markets: After vowing to “f**king bury” the U.S. government over the weekend, Bitcoin firebrand John McAfee has now ruffled the feathers of the Bahamas’ anti-corruption czar, according to Tribune 242. Bahamian Anti-Corruption Chief Doesn’t Appreciate Being Accused of Corruption Earlier this week, McAfee leveled corruption allegations against the acting deputy commissioner of the Royal Bahamas Police Force, Paul Rolle. Now Rolle – head of the department’s anti-corruption unit – has threatened to slap McAfee with a defamation lawsuit. In a tweet, John McAfee alleged that Rolle had received tens of thousands of dollars in suspicious payments. Prior to The post Bitcoin Agitator John McAfee Runs Afoul of Bahamas Anti-Corruption Czar appeared first on CCN Markets

Will Startups Push Tokenization in the Bahamas?

Project Sand Dollar is a new initiative occurring in the Bahamas that seeks to “tokenize” the fiat currency issued by the Central Bank of the Bahamas (CBOB). As crypto continues to take over the financial spectrum, many have lost sight of fiat and are looking to digitize everything. The Bahamas: The Latest Crypto Tech Hub Now, the CEO of transactions firm NZIA Ltd. is claiming that the tech startups in the nation will have to serve at the front lines and potentially lead the development of Project Sand Dollar. The tokenization of the fiat currency is slated to occur at the end of this year. The CEO is named Jay Joe, and he’s got some very big ideas about what needs to be done. He thinks one of the big contributing factors to the project’s success will be cooperation from local banks, along with small and “medium-sized enterprises.” He also feels entrepreneurs in “CBDC implementation” will play a huge role in the project moving forward. However, he claims that local startups are the most likely to use the tokenized money, which means they’ll be pivotal in potentially driving the movement forward. He claims: We are going to build the back end and we will open up the front end to allow local entrepreneurs, tech startups, whoever to be able to build new products and create new services around CBDC. We feel that this is going to be a key aspect of really making the thing become a real, living, breathing thing that people engage in. The Central Bank of the Bahamas ultimately entered into an agreement with NZIA on May 30 that would allow the corporation to tokenize the fiat. It recently named NZIA as it’s “preferred technology solutions provider” in early March. Plans to tokenize the money were announced back at the Bahamas Blockchain and Cryptocurrency Conference in June 2018, meaning this goal has been almost a year in the making. At the time, Deputy Prime Minster of Finance of the Bahamas K. Peter Turnquest said that tokenizing all money for island nations was extremely important: A digital Bahamian currency is especially important for the many family islands as they have seen many commercial banks downsize and pull out of their communities, leaving them without banking services. As an island nation, where transportation can be an inconvenient for many, especially the elderly, and costly, we must offer financial services digitally and securely. Will Tokenization Become the New Norm? Interestingly, the Bahamas isn’t the only region considering full tokenization of fiat in the future. Recently, Live Bitcoin News discussed a report that the United States, one of the largest and most powerful nations in the world, was considering a “cashless” society that was no longer dominated by paper money but rather digital coins. The post Will Startups Push Tokenization in the Bahamas? appeared first on Live Bitcoin News.
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Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption The CEO of transactions firm NZIA Ltd, Jay Joe, says Bahamian tech startups will need to lead the development of Project Sand Dollar, according to a report by the Nassau Guardian on May 31. Project Sand Dollar is an initiative to tokenize the Central Bank of […] Cet article Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption est apparu en premier sur Bitcoin Central.
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Central Bank of Bahamas to Launch a CBDC by 2020

The Central Bank of The Bahamas (CBOB) is set to move one step closer toward a nation-wide digital payment structure as it looks to ink a business partnership with transaction provider on May 30, 2019. This according to a report by The Nassau Guardian, published on May 29, 2019. Project “Sand Dollar” To theRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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New Digital Fiat Currency System in Development by the Central Bank of the Bahamas (CBOB)

The Bahamas is known as a place of luxury to tourists, and a recent announcement from the Nassau Guardian indicates that the Central Bank of the Bahamas is making the environment more friendly. Reported on May 29th, the CBOB will be starting the development of a digital fiat currency system, starting with an official agreement […]
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The Bahamas SCB Files Draft for Regulating Crypto Industry

The Securities Commission of The Bahamas has escalated their proposal to create a new regulatory framework for the issuance and sale of digital tokens in order to attract more blockchain business to set up offices on the island. This according to the proposed Digital Assets And Registered Exchanges Bill, 2019. Accepting and Regulating the ChangeRead MoreRead More. The post by Mohammad Musharraf appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Securities Commission of the Bahamas Submits New Rule Proposal for Token Sales

Regulatory authorities in the Bahamas is radically pushing for a new framework for token projects. The projects will aim to turn the popular tourist destination into a jurisdiction for blockchain startups. The new policy is spearheaded by the Securities Commission of the Bahamas, which recently filed a draft of the new bill regulating token offering […]
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.

Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: 🔒Hardware Wallet: 👍🏻Brave Browser: 📲Enjin Wallet: 👍🏻Unstoppable Domain: 📲Binance Exchange : #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: Telegram Announcements: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: Twitter: Facebook: Steemit: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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