According to a functionary of the International Monetary Fund (IMF), the fiat currencies need new ideas to compete with the cryptocurrencies. New ideas are necessary to make them more attractive for the users in the digital era. Dong He, the Deputy Director of the Monetary and Capital Markets Department at the International Monetary Fund, published […]
The blockchain technology could provide solutions for trading on a global level by developing a global market where all the participants could make business between each other directly and efficiently, regardless of their location and without interference, censure or high costs. This is the goal of BitBoost, a platform for decentralized business that has announced […]
The Russian State Duma, the lower house of the Federal Parliament of the Russian Federation, approved the new law that defines the creation, emission, storage and circulation of digital financial assets. According to an announcement published by the State Duma, the law was approved during the first discussion round. The project of the new law […]
The main cryptocurrencies on the market keep on falling and presenting higher and higher losses. According to CoinMarketCap, the global market capitalization dropped by almost ten percent at one point to around 333 billion US dollars. The price of Bitcoin, the cryptocurrency with the highest market capitalization, went from 8,049 dollars per coin down to […]
David Vorick, a developer from the Siacoin development team, is in charge of supervising the development of SIA, a cryptocurrency used for decentralized file storage that uses the Proof-of-Work (PoW). Vorick also manages Obelisk, his own company that produces ASIC chips for the mining of cryptocurrencies. Obelisk was created around one and a half years […]
The tax collection office of Seminole Country in the US state of Florida announced it would start accepting Bitcoin and Bitcoin Cash as methods of payment. The payments in the aforementioned cryptocurrencies will be managed through the BitPay platform. If this project kicks into action the ta collection office of Seminole County would become the […]
The cryptocurrency market in South Korea is currently submitted to strict measures that allow transactions with cryptocurrencies to be conducted only with personal bank accounts. Only the four largest companies that provide cryptocurrency exchange services in the country comply with these measures, which means that almost one hundred cryptocurrency exchanges are operating illegally in South […]
The regulatory measures introduced by various Asian countries in the previous months triggered the decision of some cryptocurrency exchanges to withdraw from those markets. Among the exchange platforms that decided to leave are some known names, such as Kraken, Binance and Bitfinex. Kraken decided to retire from the Japanese cryptocurrency market, Binance decided to leave […]
The number of cross-border transactions processed by Mastercard decreased during the first trimester of this year, according to the Chief Financial Officer of Mastercard, Martina Hund-Mejean. This decrease is linked with the decision of the largest banks is the world to prohibit the use of their credit cards for purchasing cryptocurrencies. Since a couple of […]
According to Robert Jackson, a member of the United States Securities and Exchange Commission (SEC), the Commission is not planning on banning the initial coin offerings (ICOs). Jackson gave an interview to CNBC where he talked about this topic. Jackson’s stance in the interview is coherent with more flexible stance of the SEC, but at […]