View photosMore In its latest report entitled “Five Facts on Fintech,” the International Monetary Fund (IMF) said that based on its research, countries generally foresee the emergence of crypto assets backed by central banks. The study, which surveyed central banks, finance ministries, and other government agencies in 189 countries, explicitly stated that central bank-backed crypto assets are likely to emerge due to lowering costs and increasing efficiency. Could it threaten bitcoin and the...

More By CCN: Speaking to CCN, Bitfinex CTO Paolo Ardoino stated that Tether, the world’s largest stablecoin in market valuation, is launching on the EOS blockchain protocol. The launch of Tether on EOS follows its release on the TRON blockchain network in April. Why tether is operating on EOS In an interview, Ardoino stated that the key motive behind the team’s decision to push for the release of Tether on EOS is to supplement eosfinex. In February, Kasper Rasmussen, the marketing head at...

View photosMore Despite the 80 percent correction in the crypto market, blockchain developers are making $130,000 to $180,000 a year. But, the rising salaries of blockchain developers do not necessarily translate to an increase in developer activity in the crypto sector. Too Many Variables in Crypto Over the past two years, especially at the height of the bull market in late 2017, the crypto industry saw an inflow of talent from the technology and financial space. Some, especially traders at...

View photos The government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central banks and large financial institutions. Blockchain Not Bitcoin Several months ago, Pakistan...

View photosMore Taiwanese consumer electronics giant HTC has officially launched its first blockchain phone, which will be sold exclusively in crypto. Called Exodus 1, the blockchain mobile phone of HTC is available to consumers at a fixed price of 0.15 Bitcoin (ETC) and 4.78 Ethereum (ETH), nearing the price of the new iPhone XS that has a starting price of $999. The Exodus 1 is sold at around $975 based on the current price of Bitcoin at $6,500. However, as the price of BTC rises, the price...