Posts Categorized: News

The Blockchain Demystified

We’re currently living in a blockchain bubble, where the mere mention of cryptocurrency sends people into a frenzy. But for some, exactly what these terms refer to remains a mystery. In this infographic we break down step by step how blockchain technology works with the biggest digital currency of them all, Bitcoin. The good news… Read more »

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

Bitcoin

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

Blockchain

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

Cryptocurrencies

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 »

Deputy Finance Minister: Bitcoin Payments Won’t be Legalised in Russia

Bitcoin Payments

Russia’s deputy finance minister has said that pending legislation on digital currencies is likely to include a ban on bitcoin payments. According to state-backed Russian news source TASS, Alexey Moiseev, the deputy finance minister of Russia, said: “No regulator doubts that payments will be banned.” Additionally, he implied that discussions on the regulation of the cryptocurrency… Read more »

Novogratz: Cryptocurrency Market Will be ‘Largest Bubble of Our Lifetimes’

Cryptocurrency

A former hedge fund manager at Fortress Investment Group is, reportedly, looking to create a $500 million hedge fund focusing on cryptocurrency and blockchain. Mike Novogratz, the former manager at Fortress Investment Group, is investing $150 million of his own money. An additional $350 million is expected to be raised by January, 2018, through outside… Read more »

Japan’s FSA Regulator to Monitor Bitcoin Exchanges from October

Bitcoin Exchanges

Japan’s Financial Services Agency (FSA) is to begin monitoring Japanese bitcoin exchanges from October. According to the Japan Times, the move is to ensure that digital currency exchanges have the correct internal systems, such as protecting customer assets, in place. If not, on-site inspections will be carried out. In April, a revised payment services law… Read more »

ViaBTC to Launch Bitcoin Exchange Overseas in Light of Beijing Ban

ViaBTC

Chinese bitcoin exchange ViaBTC has announced that it will be launching an overseas platform after Chinese authorities cracked down on digital currency exchanges in the country. On September 25, ViaBTC is expected to suspend its domestic services to customers. As a result, it has urged current investors to withdraw their assets before closing. At a… Read more »

Dimon Faces Market Abuse Report After Bitcoin Fraud Comments

Bitcoin

A market abuse report has been filed against JPMorgan’s CEO after ‘spreading false and misleading information’ about bitcoin. The report in question was filed by London-based Blockswater, an algorithmic liquidity provider. It was filed with the Swedish Financial Supervisory Authority against JPMorgan and its CEO Jamie Dimon. According to Blockswater, Dimon violated Article 12 of the European… Read more »