Monthly Archives: October 2017

Taiwan Follows Japan’s Bitcoin-Friendly Move, Avoids Outright Ban


In a positive move for the cryptocurrency market, Taiwan has announced that it won’t be banning digital currencies like bitcoin. News of what Taiwan intends to do avoids the harsher steps taken by China and, more recently, South Korea. Instead, Taiwan is copying the move by Japan by embracing the digital currency market. The news… Read more »

Ripple CEO: ‘Blockchain Tourists’ Aren’t Creating Real World Use Cases


Ripple’s CEO has said that there are too many people using blockchain as ‘a buzzword,’ who aren’t developing real world use cases. During a Q&A session on Quora, Brad Garlinghouse, Ripple CEO, said: “Blockchain is like the new big data or AI – too many people are using it as a buzzword and not focused [on]… Read more »

UBS: European Banks Interested in Cryptocurrencies, but Not Bitcoin


European banks are interested in cryptocurrencies like bitcoin, but they don’t believe the currency is likely to become accepted, according to the chairman of UBS. The head of the Swiss global financial services said that bitcoin’s use to banks is limited. This was due to its volatility and lack of control over its supply. Speaking… Read more »

IMF Chief: Cryptocurrencies Will Give Banks ‘a Run for Their Money’

Christine Lagarde Cryptocurrencies

The head of the International Monetary Fund (IMF) has said cryptocurrencies may eventually give traditional banking systems ‘a run for their money.’ Speaking at a Bank of England conference at the end of September, Christine Lagarde, the managing director of the IMF, said that ‘it may not be wise to dismiss virtual currencies.’ She added, however,… Read more »