Goldman Sachs has said to clients that the boom in value that digital currencies are experiencing is ‘worth watching.’ Analyst Robert D. Boroujerdi and his team, said in a note to portfolio managers, that: “With the total value nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies.” On the 5th August, the …
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Malta’s financial regulator has issued a warning with the intention of preventing the adoption of digital currency use after the country installed its first bitcoin ATM. At the end of July, it was reported that Malta had installed a bitcoin ATM in the town of Sliema where it is operated by Venture Trading. One of its …
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An independent stock research analyst has said that the price of bitcoin will increase to $5,000, ethereum will double to $400 and litecoin will jump up to $80 from $40 by 2018. Ronnie Moas, Standpoint Research founder, made his predictions in his report on digital currencies – the first two parts of the 122-page report …
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A U.K. government agency is reaching out to blockchain startups in a competition that is focused on digital health solutions. In a notice from Innovate UK, a nondepartmental public office that is designed to promote innovation through grants and investments, it is offering up to £8 million for U.K. businesses to work on innovation projects …
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A new survey has been released by India’s market and trade body that shows while 97 percent of Indian traders are aware of bitcoin, it’s use among them remains low. At a meeting called ‘Roundtable on Industry Perspective on Bitcoins: A New World of Payments and Deals,’ the PHD Chamber of Commerce and Industry, which overseas …
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Russian airline S7 has revealed that it is now utilising the ethereum blockchain to sell flight tickets with backing from the country’s largest private bank. Reported in regional newspaper Kommersant, Russian airline PJSC Siberia Airlines, known as S7, and Alfa-Bank started using the blockchain to sell flight tickets on Monday 24th July. The report states that one of …
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The South African Reserve Bank (SARB) has announced that it will begin testing regulations for digital currencies such as bitcoin. During the first seven months of 2017, the digital currency market has experienced huge gains with slight drops in between. At the beginning of the year bitcoin was valued at $1,000; however, its price has …
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The popularity of initial coin offerings (ICOs) has taken off to such an extent that ethereum’s co-founder has said that there is now ‘an over-tokenisation of things.’ Speaking in an interview Charles Hoskinson, who helped to create the ethereum network, said: “People say ICOs are great for ethereum because, look at the price, but it’s a …
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The deputy governor of Egypt’s central bank has rejected claims that bitcoin adoption will take place at the country’s banks. In a statement posted on Arabian news site Amwal Al Ghad, Lobna Helal, the Central Bank of Egypt’s (CBE) deputy governor, denied reports that the bank was permitting banks to handle bitcoin adoption. In a statement, …
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The Indian government is considering whether to introduce a goods-and-services tax on bitcoin purchases, according to local reports. According to The Hindu, the government is thinking about implementing a regulatory regime for digital currencies such as bitcoin which would enable a tax levy. At the moment in India digital currencies are neither legal or illegal; however, …
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The value of bitcoin is up by 250 percent in 2017, but according to research conducted by Morgan Stanley, bitcoin acceptance has seen a decline among top merchants. For a digital currency that is working at becoming a mainstream currency that people use for their day-to-day purchases, could this be the beginning of the end …
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The former CEO of the now-defunct bitcoin exchange Mt Gox is preparing to head to trial in Japan next week where he faces embezzlement charges relating to the disappearance of around 650,000 bitcoins. French-born Karpelès, who was released on bail last year from a Tokyo detention house on the condition that he didn’t leave Japan, is expected …
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