Paxos’ Precious Metal-Backed Cryptocurrency to Launch This Year, CEO Says

[ad_1] Blockchain trust company Paxos’ digital token backed by precious metals will be launched "definitely this year," said Paxos CEO, Chad Cascarilla in an interview with Fortune’s Balancing the Ledger on March 11.During the interview, Cascarilla was asked whether Paxos is working on a gold-backed coin, wherein he replied that “it is something we will see definitely this year.” “We are excited about the concept of being able to take

Barclays Analyst Predicts Billions in Additional Revenue From ‘Facebook Coin’ by 2021

[ad_1] Facebook’s own cryptocurrency, if launched, could potentially generate $19 billion in additional revenue by 2021, CNBC reports on March 11.Barclays internet analyst Ross Sandler wrote in a client note that a cryptocurrency could establish a new revenue stream for Facebook, aiding its share price that tanked amid a series of high-profile scandals last year.In his forecast, Sandler pointed out that the crypto-based revenue option is something “sorely needed at
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North Korea steals Bitcoin to circumvent economic sanctions

[ad_1] North Korea uses Bitcoin to bypass the economic sanctions against the country. This emerges from the paper of a committee of experts of the Security Council. The paper confirms already existing assumptions. The crypto narrative of limitless money benefits not only the oppressed, but sometimes the oppressors as well. Thus, a report can be interpreted, after the North Korea has used crypto currencies systematically to avoid sanctions from abroad.