Author: Fintech Crypto News

Cryptoassets Point Return System Patent Granted to Social Good Foundation Inc.

The Social Good Foundation Inc. was granted the Cryptoassets Point Return System Patent in Japan. Social Good Foundation is based in Tokyo, Japan and is formed to improve society by inclusion of Cryptocurrency in the ecosystem. It is working to build a Social Good Ecosystem TM that facilitates a win-win for all individuals, society, and companies by connecting the world using SocialGood Cryptocurrency. Used by Major International Retailers The increase in the consumption tax and the popularity of cashless payments has become an urgent issue for retailers to develop some promotional measures like point systems that are user-friendly and...

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Indian Supreme Court confirms new Date for Crypto Hearing in November

The SC of India has set a new date for hearing arguments against the crypto banking restrictions by RBI. As directed by the court, the central bank has replied to the representatives of Crypto exchanges. The hearing for the same was supposed to resume yesterday. Supreme Court of India Reschedules the Hearing Again The Supreme Court of India was scheduled on 15th October to hear the arguments on banking restrictions by the Reserve Bank of India (RBI). Earlier this month, a court order was issued and the case was listed as “top of the board”. It gave the Indian...

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Despite numerous Controversies, Facebook officially launches Libra

On Monday, Facebook officially signed the Charter with 21 firms to launch Libra. Libra is the new digital currency proposed by Facebook. It has become infamous for the various controversies surrounding it in recent years. It has faced resistance from U.S. lawmakers and politicians alike. The non-profit association behind Libra called The Libra Association on 14th October has signed on 21 charter member in an inaugural meeting in Geneva. Originally, the association had 28 members and was expected to get above 100 members before its official launch. However, the list has now trimmed down and only 21 members remain....

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Cryptocurrency, Satoshi, Bitcoin added to Oxford English Dictionary

In the recent update of the English Oxford Dictionary, the terms Cryptocurrencies, Bitcoin and Satoshi has found a place among the 650 words added. The Oxford English Dictionary has added over 650 new words, subentries and senses to its latest addition. This update adds a new feather to the recognition of Cryptocurrency. Addition of words, subheadings, senses and more from the history to the political terms, the three most used crypto terms Satoshi, Bitcoin and Cryptocurrency have also found their meaning. The dictionary defines “Cryptocurrencies” as a Substitute Currency with a reference to Bitcoin as the earliest digital currency....

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After a Slow Weekend Bitcoin Ready for the Next Move

The Bitcoin and Crypto Market saw little to no movement in their trading ranges. But a breakout is expected soon. The weekend saw little to no movement for Bitcoin and other Altcoins in the market. They remained steady in their current trading range. Bitcoin did test some resistance to this monotony, but was beaten by the bears and retraced to its trading range. A breakout in this pattern is expected soon and the traders are already looking for the entry and exit zones. BTC experienced a little jump to $8700 on Friday but fell back to approx. $8300 and...

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