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ETHMemphis • May 18-20, 2018

The Ethereum blockchain can provide value to the business community. Therefore, the ETHMemphis Hackathon will team Ethereum developers with business…

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Tag: Italy

Central Banks Considered Issuing Cryptocurrencies, Italy’s Economy Minister Reveals

Category: Bitcoin, Commentary, News

Central Banks Considered Issuing Cryptocurrencies, Italy’s Economy Minister Reveals

Italy’s Economy Minister Pier Carlo Padoan has revealed that some central banks have already begun deliberation on the pros and cons of issuing a cryptocurrency. The minister spoke at an event in Milan on January 31, 2018, said that the primary reason banks were considering releasing crypto offerings was to dodge bubbles. Has the Bubble Popped? “Some central banks are…

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Bitcoin Reaches All-Time High Against EUR and GBP

Category: Bitcoin, Commentary, News, Price Analysis, Price pages

Bitcoin Reaches All-Time High Against EUR and GBP

Bitcoin has surpassed its all-time high in two major currencies, the Euro and the British Pound, with popular British broadsheet newspaper ‘The Telegraph’ reporting on this milestone, indicating the growing awareness and interest in the cryptocurrency. While the Dollar is yet to achieve this milestone, the Euro and the Pound look to go into further decline in 2017 and this…

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Italian Bank Meltdown Strengthens Bitcoin’s Safe Haven Appeal

Category: Bitcoin, Commentary, News

Italian Bank Meltdown Strengthens Bitcoin’s Safe Haven Appeal

The Italian government has presented a crisis intervention or “bank rescue” for the world’s oldest surviving bank, Monte Paschi, which continues to scramble for cash to recapitalize. A proposed solution is to increase the public debt by as much as 20 billion euros, but this proposed amount does not even generate enough to keep the affected banks afloat. The deficiency…

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Bail-in Imminent for Italian Banking Sector; Can Bitcoin Rise to the Occasion?

Category: Business, Commentary, Finance, News

Bail-in Imminent for Italian Banking Sector; Can Bitcoin Rise to the Occasion?

Global markets are becoming increasingly concerned about the state of Italian banking sector, adding to pressures weighing on confidence from the recent Brexit decision. Bad debts held by Italian banks total around €360 million which is equal to roughly 20 percent of the country’s GDP, which measures the total value of goods and services produced. But even worse, this number…

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