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Dutch Central Bank: World Will Need Gold if Entire System Collapses

The Dutch central bank raised eyebrows by admitting fiat could fail and society would then need actual sound money to survive. Fiat money will become inferior to gold in the event of a total collapse of the world’s financial system, one of Europe’s central banks has said. Gold will rescue the economy from “collapse”In comments which have caught critics of fiat by surprise, the Dutch Central Bank, known as De Nederlandse Bank (DNB), said gold would be indispensable in the event of a fiat meltdown. Retweeted on social media on Oct. 13, a statement from the bank’s website describes gold as “the trust anchor for the financial system.” “If the entire system collapses, the gold stock provides a collateral to start over. Gold gives confidence in the power of the central bank's balance sheet. That gives a safe feeling,” it continues. Sound argumentsWhile it is known that central banks have begun buying up gold since the 2008 financial crisis, it is the DNB’s phrasing that has excited Bi..

Crypto News From the Spanish-Speaking World: Oct. 6–12 in Review

Cointelegraph en Español presents a weekly digest of selected cryptocurrency- and blockchain-related news from the Spanish-speaking world. The Spanish-speaking world has seen major cryptocurrency and blockchain developments with central bank representatives from all around the world meeting in Argentina, Spain developing various initiatives and projects based on blockchain and the Japan-based crypto exchange Bitpoint offering its services in Guatemala. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain: The Royal Mint chooses PwC to develop blockchain projectsCointelegraph en Español reported on Oct. 10 that the Spanish National Mint and Doorbell factory, Real Casa de la Moneda had chosen PwC to develop various initiatives and projects based on blockchain and digital identity technologies. The agency hopes these initiatives will enable access to a set of services that allow customers to choose the information and wh..

Crypto News From the German-Speaking World: Oct. 6 – 12 in...

This week’s selected cryptocurrency and blockchain news from the German-speaking world, courtesy of Cointelegraph auf Deutsch. The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Germany investigating the feasibility of a blockchain-based regional power trading platform, Iota Foundation joining forces with Zühlke to solve engineering problems and the German Central Bank saying that there is no need for a digital euro coin. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Germany promotes research on a regional blockchain power exchangeCointelegraph auf Deutsch reported on Oct. 9, that the Free State of Bavaria in Germany plans to investigate the feasibility of a regional power trading platform based on blockchain technology. The research project involves several partners like the Technical University of Munich, Energie Südbayern and the Syneco company. The ..

Crypto News From the Spanish-Speaking World: Sept. 30 – Oct. 5...

Cointelegraph en Español presents a weekly digest of selected cryptocurrency- and blockchain-related news from the Spanish-speaking world. The Spanish-speaking world is seeing additional cryptocurrency and blockchain developments with the inauguration of a new blockchain campus at a Madrid university, a number of new allegations of crypto scams in the Dominican Republic, Mexico issuing professional certificates on blockchain and Æternity blockchain teaming up with the Digital Party of Uruguay. Here is the past week of crypto and blockchain news in review, with original reporting from Cointelegraph en Español. Blockchain campus at Madrid university gets inauguratedOn Oct. 1, Cointelegraph en Español reported that a new blockchain campus was inaugurated at the headquarters of the Higher Technical School of Computer Engineers, of the Polytechnic University of Madrid. A spokesman for Informática El Corte Inglés (IECISA) said: “The blockchain training is the commitment of the IECISA chair ..

Crypto News From the German-Speaking World: Sept. 30 – Oct. 5...

This week’s selected cryptocurrency and blockchain news from the German-speaking world, courtesy of Cointelegraph auf Deutsch. The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Liechtenstein approving the new Blockchain Act, Iota Foundation joining the European climate research community and Germany taking a firm stand against stablecoins. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Liechtenstein approves new Blockchain ActOn Oct. 3, the Parliament of Liechtenstein approved the Token and TT Service Provider Act, also known as the Blockchain Act, which aims to improve investor protection, combat money laundering and establish clarity. The new law will make Liechtenstein the first country to have comprehensive regulation of the token economy. Liechtenstein’s Prime Minister Adrian Hasler said: "With the TVTG an essential element of the financial center s..

How Crypto Gambling Is Regulated Around the World

Countries around the world take varying approaches to the crypto gambling and betting, with Japan perhaps having the most defined stance. The Japanese House of Representatives recently passed new crypto asset regulation affecting exchanges and custodians — the Payment Services Act and the Financial Instruments and Exchange Act. However, the country’s crypto gambling industry still endures strict gambling regulations. “Japan has very strict rules regarding gambling and the same applies to crypto gambling,” Joseph D. Hugh, CFO of international cryptocurrency betting platform Jukebucks, told Cointelegraph, adding: “Although it is very difficult to restrict players who play, the government keeps a close tab on crypto transactions originating from Japan using taxation as an excuse.” Yet, Japan passed a federal law in July 2018 that allows physical casinos in the country: “Japan is opening up its offline casino license to major players after next year’s Olympics,” Hugh pointed out, “I..

Crypto News From the German-Speaking World: Sept. 22–28 in Review

This week’s selected cryptocurrency and blockchain news from the German-speaking world, courtesy of Cointelegraph auf Deutsch. The German-speaking world has experienced another week full of exciting developments in the crypto industry, with a Berlin-based fintech startup receiving $1.5 million to develop its own blockchain, German experts warning about Facebook’s crypto coin, and the Federation of German Industries asking the government to create suitable conditions for blockchain. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. German fintech startup receives $1.5M to develop its own blockchainOn Sept. 23, Cointelegraph auf Deutsch reported that the Berlin-based fintech startup Centrifuge received funding from the public investment bank Berlin and the European Regional Development Fund to further develop its financial market platform. Centrifuge, which is an open, decentralized platform that aims to connect the glob..

Crypto News From the Spanish-Speaking World: Sept. 22-28 in Review

Cointelegraph en Español presents a weekly digest of selected cryptocurrency and blockchain-related developments from the Spanish-speaking world. Spanish-speaking countries made headlines this week, with cryptocurrency and blockchain-related developments on both the governmental and enterprise level. The Congress of the Republic of Peru spoke about the potential of blockchain tech, blockchain firm Aeternity revealed the development of a network that enables the management of the supply chain of medical cannabis, Venezuela’s central bank explored the possibilities of holding crypto in its coffers, and a subsidiary of Argentinian smart contract platform RSK purchased Latin America’s social media giant Taringa. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. The Congress of the Republic of Peru shows interest in blockchain technologyOn Sept. 23, Congressman Francesco Petrozzi, president of the Science, Innovation and Tech..

A New Phone That Is Meant to Change the World of...

TwitterFacebookLinkedIn Can you imagine a decentralized smartphone that operates using encrypted calls without roaming fees? Well, this thought now becomes reality: IMpulse K1 Phone. The revolutionary IMpulse K1 Phone is the first smartphone in the whole world, which is operating based on a "VOBP" – Voice over Blockchain protocol. So, how does it work? CryptoData engineers have examined and applied functions of following domains such as astronomy, math, physics, psychology, sociology, economy, telecommunication, informatics. In order to understand the context more easily, a short demonstration is presented using the model of the galaxy as a blockchain. More galaxies create a universe, but the universe has some unique features, such as its boundless and its extending nature. Blockchain is determined as a virtual reality which operates by clear rules from the beginning. Imagine our galaxy respects Moses, Decalogue from the Big Bang. So Blockchains ecosystem is increasing ceaselessly bec..

Ripple Sets XRP To Become World Payment Standard Overtaking SWIFT And...

Ripple News Today – Ripple XRP may be trailing behind Bitcoin and Ethereum in position as top dog in the cryptocurrency industry but the company has shown that it’s no pushover when it comes to business transactions. The blockchain company has been at the forefront in advocating for the shift to the use of cryptocurrency in financial transactions globally. It boasts of a variety of different solutions for the global market. Ripple Latest Update – XRP News Today – Ripple News Today – Ripple Wants XRP To Be The Leader Across The Globe Ripple XRP and xRapid have become the standard for transactions across many banks in the world. Some of these banks include Euro Exim Bank, ATB Financial in Canada and Santander in the UK. This has made cryptocurrency analysts predict that Ripple may rise to overshadow Bitcoin. This may seem like a pipe dream as Bitcoin sits comfortably at the top of the cryptocurrency food chain. Of note is the disparity between the two cryptocurrency assets. XRP (XRP) P..
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