Category Archives: FinTech News

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Blockchain Technology Officially Enters the Oil and Gas Industry

The post Blockchain Technology Officially Enters the Oil and Gas Industry appeared first on CCN Oil and gas companies can rejoice, as Ethereum-powered blockchain technology is officially being adopted into a major industry. The oil and gas industry is generally considered slow to change, however, since the oil glut that drove prices to record lows… Read More »

Facebook Bans All Cryptocurrency Ads Including Bitcoin, ICOs

The post Facebook Bans All Cryptocurrency Ads Including Bitcoin, ICOs appeared first on CCN Facebook is firing back against misleading and deceptive ad practices, and ICOs, cryptocurrencies and binary options are at the top of their list. In a blog post by Facebooks’ Rob Leathern, the social media giant is trumpeting a new policy, banning ads… Read More »

A Trio of VCs Pledge Millions to Telegram Pre-ICO: Reports

The post A Trio of VCs Pledge Millions to Telegram Pre-ICO: Reports appeared first on CCN If it’s any indication, the ambitious $1.2 billion Telegram ICO could be oversubscribed. Kleiner Perkins Caufield & Byers, Benchmark and Sequoia Capital have each committed $20 million the blockbuster deal, according to the FT citing people close to the… Read More »

China’s State Digital Currency Must Have ‘Controllable Anonymity,’ Says Central Bank Official

The post China’s State Digital Currency Must Have ‘Controllable Anonymity,’ Says Central Bank Official appeared first on CCN China’s central bank is moving forward with plans to adopt a state-backed digital currency, but it will likely look very different from bitcoin and other public cryptocurrencies. In an op-ed, which was published by regional media outlet… Read More »

Fake News: Venezuela Rejects “False Information” on Petro Whitepaper

The post Fake News: Venezuela Rejects “False Information” on Petro Whitepaper appeared first on CCN The Venezuelan government has recently stated that “false information” about its oil-backed Petro cryptocurrency has been published online. According to Reuters, the government is rejecting a leaked, allegedly fake, Petro whitepaper. The superintendence of Venezuelan Cryptoassets and Related Activites, bullishly… Read More »

Venezuelan President Calls on 11 Countries to Adopt State Cryptocurrency Petro

The post Venezuelan President Calls on 11 Countries to Adopt State Cryptocurrency Petro appeared first on CCN Venezuelan president Nicholas Maduro has called on members of the Bolivarian Alliance for the Peoples of America (ALBA) to support the petro, Venezuela’s state-sponsored cryptocurrency.   The alliance–which consists of Antigua and Barbuda, Bolivia, Cuba, Dominica, Ecuador, Nicaragua,… Read More »

MoneyGram Adopts Ripple’s XRP in Open-Ended Pilot for International Money Transfers

The post MoneyGram Adopts Ripple’s XRP in Open-Ended Pilot for International Money Transfers appeared first on CCN International money transfer service MoneyGram has announced that it will adopt Ripple’s XRP token into its payments system in a bid to increase the speed and reduce the cost of cross-border payments. Ripple and MoneyGram — the world’s… Read More »

The Bank of England is Entertaining its Own Official Cryptocurrency

The post The Bank of England is Entertaining its Own Official Cryptocurrency appeared first on CCN As originally reported by The Telegraph, the Bank of England may approve the creation of a state-sponsored cryptocurrency within the year. Just last year, the bank announced it had commissioned a theoretical currency, RS Coin, which could be used… Read More »