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KPGM to Work With Microsoft, Tomia and R3 on Blockchain Telecom Solutions

Business advisory firm KPGM has partnered with tech companies Tomia, Microsoft and R3 to create a blockchain-based settlements solution for the telecom industry, in anticipation of 5G network services. KPMG announced the partnership and product plans in an official blog post on July 16. As per the report, the planned blockchain solution intends to make use of smart contracts in order to reduce disputes between carriers and mobile operators. Such smart contracts would reportedly include critical information for this purpose, by providing details such as correct rates, destination and bilateral…

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Chiliz to Provide Official Crypto of Football Club AS Rome via Socios

Italian football club AS Roma will join blockchain-based voting platform Socios through a partnership with sports and entertainment blockchain firm Chiliz. In an official announcement published on July 19, Chiliz revealed that AS Roma is joining Socios, a sports platform powered by Chiliz, in order to launch an AS Roma fan token. The dedicated tokens are set to provide fans with the right to vote in certain club-delegated decisions. The post further explains that “the more fans vote and interact with the club through the app, the more rewards they…

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EA Gaming U.S. Business News 

EA FIFA Shudders at the Loss of Ronaldo & Juventus

As news spread of Konami prying the exclusive rights to Italian Series A soccer team Juventus for PES 2020 from FIFA 2020, EA’s share value dropped by 3.5%. The new deal allows PES 2020 to feature the club name Juventus and its associated badge, jerseys, and playing grounds, while EA must resort to using the less glamorous, not to say fictitious, Piemonte Calcio club name. Nevertheless, FIFA 2020 retains the right to use real player names and their exact likeness. We are incredibly honoured & excited to announce our EXCLUSIVE…

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St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

St. Louis Fed Chief James Bullard reportedly views cryptocurrencies as part of a global currency competition that is ultimately unhealthy. Bullard presented his views at the Central Bank Research Association 2019 annual meeting in a talk entitled “Public and Private Currency Competition.”  Presentation slides have subsequently appeared on the official Twitter account for The St. Louis Fed on July 19. In Bullard’s slides, he noted that there is historical precedent for certain key features of cryptocurrency. One of his bullet points reads: “Global currency competition is nothing new, nor is…

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bitcoin Bitcoin Regulation Cryptocurrency News Federal Reserve Bank of St. Louis 

St. Louis Fed Chief James Bullard Agrees Crypto Is Disrupting Economy

Central bankers have a lot to say about bitcoin. Federal Reserve Bank of St. Louis President and CEO James Bullard acknowledges that cryptocurrencies are a disruptive force to the economy. Like his boss, Fed Chairman Jerome Powell, Bullard also appears to worry that cryptocurrencies are a menace to the financial system for a couple of reasons. He believes that crypto paves the way for crime, and he is focused on the fact that bitcoin is accompanied by high volatility. Bullard stated: “Cryptocurrencies may unwittingly be pushing in the wrong direction…

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Tether’s Trouble With New York Attorney General — Will Crypto Cope?

Are Bitfinex and Tether in trouble? Maybe, but the thing is, we don’t know just how much trouble, because the stablecoin issuer has challenged the New York State Office of the Attorney General’s (OAG) case against them. In claims filed in April, Attorney General Letitia James asserted that Bitfinex defrauded its customers, having lost $850 million in client and corporate funds, and then having attempted to cover up this loss by secretly helping itself to around $900 million of Tether’s cash reserves.  Serious charges, but they’re denied by Bitfinex and…

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