Monthly Archives: June 2017

The World Bank Launches Blockchain Lab to End World Poverty


The world’s biggest international financial institution that provides financial and technical assistance has launched a blockchain lab aimed at improving life in developing nations. Established in 1944, the World Bank Group is located in Washington, D.C., with more than 10,000 employees worldwide in over 120 countries. With more than one billion people living in poverty worldwide in… Read more »

Canadian Luxury Home Listed for Sale in Bitcoin on Beijing Craigslist

House for Sale

A luxury seven-bedroom, six-bathroom house for sale in Canada has been listed on the Beijing Craigslist website for an eye-watering 1,075 bitcoins. The property advert, which was listed in the Vancouver suburb of Coquitlam at 1756 Hampton Dr. Located near the 18th hole of the Westwood Plateau Golf and Country Club, the advertisement has since been deleted by the author. However, according… Read more »

July Report by India’s Government: Bitcoin Ban Unlikely

Bitcoin Ban in India

An Indian intergovernmental committee tasked with looking into whether digital currencies such as bitcoin should be regulated is due to submit its report at the end of July. Earlier in February, the Reserve Bank of India (RBI) issued a statement regarding its stance on bitcoin, stating that it would be the public’s responsibility for the… Read more »

Is the PBoC’s Regulation Crackdown Cooling Bitcoin Fever in China?

PBoC Bitcoin

A surge of interest in bitcoin has seen its price reach new heights, yet the excitement of the digital currency market in China has been watered down due to the nations government who wants to control bitcoin. According to a salesperson at Huobi, one of the ‘Big Three’ digital currency exchanges in China, the platform is… Read more »

Bestselling Author and Currency Expert Thinks Bitcoin Is In A Bubble Too

Bitcoin Is In A Bubble

Claims that bitcoin is in a bubble are frequent statements that the digital currency community are used to hearing, and now someone new has jumped on board adding their voice to the mill. Jim Rickards, bestselling author and currency expert, believes that bitcoin is in a bubble. Why, though, does he think this? The Currency… Read more »

Venezuelans Turn to Digital Currencies Amid Increasing Political Crisis

Digital Currencies

A rising number of Venezuelans are turning to digital currencies such as bitcoin as the country continues to battle a political, economic and social crisis. In February 2017, inflation in the country is reported to have soared to 741 percent year-on-year. In December 2016, inflation rose by 800 percent, reaching an all-time high. In comparison,… Read more »

Google’s Director of Engineering Says He Won’t be Investing in Bitcoin

Bitcoin Ray Kurzweil

A man known for his ability to make uncanny predictions with future innovations has said that he won’t be putting money into bitcoin, stating that the digital currency won’t be the replacement for fiat currencies. Ray Kurzweil, Google’s director of engineering, made these comments at the Exponential Finance Summit, a New York City technology conference that was… Read more »

Romania’s Central Bank Warns Against Bitcoin Due to its High Volatility


Romania’s central bank has reportedly issued a new statement confirming its position remains the same regarding the digital currency bitcoin and has warned users from it. In 2015, the Banca Naţională a României (BNR), the central bank of Romania, first warned the public about using bitcoin for payments due to its high volatility in an official notice; however,… Read more »

Russia Considers Regulating Bitcoin, but Doesn’t Class it As A Currency


As Russia’s Central Bank explores the ways in which it can regulate the digital currency Bitcoin, the bank’s governor has raised questions as to whether it can be classed as a currency. In a recent interview with CNBC, Elvira Nabiullina, governor of the Russian Central Bank, stated that she views Bitcoin as a digital asset… Read more »