Welcome to Acorn Phase 5!

-APR is 10.62%
-6000 EOS Limit

-Starts at 10:00 am(UTC +8)
-Feb. 17 2020

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China Takes Additional Steps to Digitise the Renminbi

According to the Financial Times, The People’s Bank of China has recently filed applications for more than 80 patents, paving the way for the launch of a new digital currency. http://bit.ly/2UPlhjWMoonX

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Credit Card Fees Jump while Bitcoin Transaction Costs Remain Stable

As Credit Card charges continue to increase, while Bitcoin’s have remained relatively stable.Bitcoin offers advantages particularly for international transactions, use cases for Bitcoin should continue to proliferate. http://bit.ly/38o9PQtMoonX

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Federal Reserve System Chairman Comes out in Favor of Private Digitalcurrency Transactions

Federal Reserve System Chairman Jerome Powell has come out in favour of digital currencies in his recent comments to the House of Representatives Committee on Financial Services. http://bit.ly/2UK5HGlMoonX

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Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears.

Australia has published its national roadmap, that defines how blockchain technology could benefit the local economy over the next five years, but some experts are not impressed with the new roadmap’s content. Read More: http://bit.ly/2tQTCURMoonX

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Japanese Lawmakers Call For Digital Yen So They Are Not Left Behind When China Launches The Digital Yuan

Kozo Yamamoto, a senior lawmaker from Japan’s ruling Liberal Democratic Party, has called for the development of a digital yen within “two-to-three years” to counter the digital currency initiatives of China and Facebook. http://bit.ly/31RhuUYMoonX

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The new Strong Customer Authentication (SCA) on contactless payments proved new findings.

The new EU regulations on contactless card payments have forced banks such as RBS to issue replacement cards to thousands of its customers. http://bit.ly/2SvhKVeMoonX

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Wall Street Group Urges IRS to Let People Buy Coffee With Bitcoin (BTC) and Crypto Without Getting Taxed

Blockchain advocates and entrepreneurs from the New York-based nonprofit Wall Street Blockchain Alliance (WSBA) issued a letter to the Internal Revenue Service, urging the agency to do more to incentivize consumers to spend their Bitcoin on bagels or t…

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ESMA postpones introduction of CSDR’s settlement discipline regime

The CSDR regulation is announced to come into effect on 1stFebruary 2021, giving industry participants an extra six months to prepare. http://bit.ly/2ty4XJaMoonX

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BIS calls for wider adoption of FX Global Code

BIS has called for Financial firms and asset managers in the global foreign exchange market to adopt FX Global Code to discourage misconduct in the market. http://bit.ly/2OtMS6oMoonX

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