Archive | digital currency

Argentinian Bank Utilizes Bitcoin for International Payments

Banco Masventas, a bank based in Argentina, has launched a new service as of 22 May 2018 which will utilize Bitcoin to facilitate international money transfers. This is a major milestone for Bitcoin, since it is likely the first time it has been used by a financial institution as an international payments standard. The bank […]

Crypto CEOs Are Making Moscow Home

Moscow has the highest percentage of CEOs or founders of ICO-seeking projects working from the Russian capital, claims international technology investment company Atomico. In figures acquired in 2017, Atomico cited Russia at the top of a list of major crypto-active locations around the globe, followed by Silicon Valley, New York, and London. No Asian capitals […]

UK ‘Cryptoassets Task Force’ Begins on Positive Note

The UK government’s ‘Cryptoassets Task Force’ met for the first time on 21 May as part of the country’s plan to regulate the cryptocurrency and blockchain space, reported Crowdfund Insider. One of the functions of the UK government’s task force will be to examine the risks of blockchain technology and mitigate these while examining the benefits […]

Crypto Tax Lifted as Poland Heeds Public Demand

Poland has reviewed its position on cryptocurrencies in the country, as part of a thorough analysis of the crypto space, announcing that it is to temporarily suspend tax collection for digital currencies, according to Cointelegraph. In a similar move to the French government’s, who recently heavily reduced its taxation on sales of cryptocurrency, Poland’s ministry […]

 2017 Bad Year for Aussie Crypto Scams as US Launches ‘Cryptosweep’

The Australian Competition and Consumer Commission (ACCC) announced on Monday that consumers lost more than USD 2.1 million to cryptocurrency scams last year, CoinDesk reported. Of this figure, the ACCC reported, consumers lost approximately USD 100,000 per month between January and September of 2017. These losses increased in December to USD 200,000 when Bitcoin price rose to […]

Bitcoin Predicted to Dominate Future of Online Marketplaces

Bitcoin is becoming the world’s number one internet currency. This is according to Jack Dorsey, the owner of Square. He says that Bitcoin will emerge with time to become the Internet’s “native currency”, with the increasing popularity of the currency to overrun other internet currencies and become a preferred medium of exchange. Bitcoin’s predicted future […]

Norway Joins Central Bank Crypto Queue

An official document has been released by Norway’s Central bank (Norge bank) announcing intentions of launching its own cryptocurrency, according to Cointelegraph. This notice of intent by Norway’s State bank is very much in keeping with current trends showing increasing numbers of central banks looking into the viability of creating national cryptocurrencies. As Bitcoin News […]

Regulations, Hacking Push Blockchain Provider To The Wall

Ethereum wallet and blockchain provider Parity has been forced to shut down its PICOPS platform from 24 May following new EU data protection rules and guidelines. “The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU […]

Global State Bank Crypto Adoption Still in Its Infancy

With banks increasingly switching on to the current global interest in cryptocurrencies, digital currencies are now being utilized by the same institutions they were designed to subvert, writes Cointelegraph. More and more banks around the world see blockchain as a panacea to banking issues, all long overdue for improvement and update. They are realizing that, […]

Former JPMorgan Blockchain Head Says That Banks Are Close To Adopting Cryto

Amber Baldet, former head of the blockchain arm at Wall Street’s JPMorgan Chase has suggested that banks trading in cryptocurrencies is imminent. The ex-bank executive, who has now launched her own startup Clovyr, says crypto business will be conducted by banks, “sooner than people probably think,” although she admits that the legal and regulatory framework remains […]

Nigeria Can Be Empowered By Bitcoin Says Foundation CEO

Lady Victoria Walker, CEO of the United Digital Currency Reserve Foundation, has recently stressed that the understanding and deployment of bitcoin can kickstart the financial growth in Nigeria and Africa as a whole, reports Niger247News In a recent presentation Lady Walker, who is also a blockchain and cryptocurrency speaker, as well as Principal Consultant at Cryptoria […]

Switzerland Considers National Digital Currency ‘e-franc’

The Federal Council of the Government of Switzerland is considering the establishment of a national digital currency called the e-franc, with Reuters reporting Thursday a study has been requested into the possibility of its establishment. The e-franc would utilize blockchain technology while operating under the jurisdiction of the Swiss state. The Federal Council requested the […]

Apple, Twitter Founders Upbeat on Future of Bitcoin and Blockchain

Apple co-founder Steve Wozniak, appearing at the WeAreDevelopers World Congress in Vienna on Wednesday, told the assembled audience that he saw both blockchain and cryptocurrencies reaching their future full potential in just a decade, according to Cointelegraph. Wozniak’s speech at the IT conference, Europe’s largest of its kind attracting roughly 8,000 visitors from 70 countries, opened the […]

Educational Hoax ICO Site Launched by US Government

The US Securities and Exchange Commission (SEC) has produced a website advertising a scam initial coin offering (ICO), in an effort to educate the populace on how to identify such fraudulent websites. In a Wednesday press release, SEC Chairman Jay Clayton discussed the intent behind the initiative. While acknowledging the rapid growth in the number […]

New KYC Regulations in EU Validate Crypto Trading

In an effort to prevent financial transgressions, the European Union now requires cryptocurrency exchanges to apply know-your-customer (KYC) policies, similar to that required by traditional banks in a move beneficial to the legitimacy of cryptocurrency trading. Crypto crime prevention The anonymity surrounding cryptocurrency trading is viewed by many as an enabler of fraudulent activities, money laundering, and terrorist financing. As […]