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Bank of England Planning on Releasing Its Own Cryptocurrency by the End of 2018
The Bank of England is developing its own cryptocurrency, which would allow citizens to use the Bank to keep their money in digital form. According to Interesting Engineering, the Bank of England is aiming to make its cryptocurrency available by the end of 2018.
Ripple Now Has the World’s Second-Largest Market Cap
Ripple increased 53 percent in 24 hours to surpass Ethereum, which means it is now the world’s second-largest market cap as of December 29, 2017. According to the Australia Financial Review, Ripple’s market value is USD 86 billion, while Ethereum’s is USD 73 billion. Bitcoin’s still has the world’s largest market cap at USD 250 billion.
DTMA Set to Launch Moldova’s First Cryptocurrency Exchange
A group blockchain technology enthusiasts in Moldova has launched the Digital and Distributed Technology Moldova Association (DTMA). According to Finance Magnates, the two objectives of the association are to introduce international blockchain projects to Moldova and to leverage the country’s under-utilized workforce. The DTMA is also set to launch Moldova’s first cryptocurrency exchange with eight fiat trading options in January 2018.
Pavel Lerner Released After USD 1 Million Worth of Bitcoin Paid as Ransom
Russian-born cryptocurrency investor and entrepreneur, Pavel Lerner, has been released by kidnappers in the Ukraine after they captured him in Kiev on Boxing Day. According to Silicon.co.uk, the kidnappers released Lerner after they received USD 1 million worth of Bitcoin. An adviser to the Ukrainian interior ministry said it is unclear who had paid the funds.
TravelFlex Announces Extension on its Current ICO Round Until January 12, 2018
On December 31, 2017, TravelFlex announced an extension of the current round of its ICO until January 12, 2018. During this round, the company is selling 95 million TravelFlex coins at USD 0.28 each. According to Bitcoinist.com, the funds raised during the ICO will be used to develop the blockchain further and to establish additional traveler-specific services.
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