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Factors hindering the wider Adoption of Cryptocurrency
It is true that there are many advantages associated with the use of cryptocurrencies and crypto tokens over the traditional bank noted that are issued by a countries Central Bank. Some of them which includes speed of transactions, lower cost of transactions, lower documentations, comfort of transactions location, environmental protection since it is paperless and […] The post Factors hindering the wider Adoption of Cryptocurrency appeared first on ZyCrypto. дальше »
2018-8-21 10:52 | |
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Winklevoss twins recruit cryptocurrency superfriends to fight the SEC
The Winklevoss twins are back with a vengeance. Just weeks after the SEC publicly denied their license for a Bitcoin exchange-traded fund (ETF), they’ve recruited some of the biggest names in cryptocurrency to form a new regulatory supergroup. дальше »
2018-8-20 18:51 | |
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San Francisco judge orders bail payment in Bitcoin
A federal judge in San Francisco has ordered a cyber-criminal to pay their bail charges in Bitcoin, inadvertently stimulating cryptocurrency mainstream adoption. The Daily Post – a local Palo Alto newspaper – reports Martin Marisch has been charged with hacking the well-known video games company Electronic Arts, responsible for popular titles like FIFA, The Sims, and Battlefield. дальше »
2018-8-17 15:20 | |
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Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account
President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries. дальше »
2018-8-16 16:00 | |
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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers
Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. дальше »
2018-8-16 00:26 | |
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Fintech Startup Bitt Signs an MoU with Caribbean Central Bank to Launch State-Issued Cryptocurrency
Barbados-based startup Bitt has recently signed a Memorandum of Understanding (MoU) with the Central Bank of Curacao and Sint Maarten (CBCS). The goal of the partnership is to look into the different possibilities and feasibilities of issuing digital guilder or a Central Bank backed cryptocurrency. дальше »
2018-8-15 12:00 | |
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China’s Blockchain Rankings CCID to Include NULS and Tezos in Next Release
CCID to Include NULS and Tezos in New Rankings The government of China has consistently held cryptocurrency and blockchain technology to a sort of guided embrace. While the central government is hesitant to provide too much economic freedom to the bussing industry, it has been quick to indulge in the massive profits and technological windows […] дальше »
2018-8-13 20:14 | |
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Tethers Role As A Central Bank For Crypto
Tether, the celebrity of the stablecoin world and one of the most ‘traded’ ‘cryptocurrencies’ in the world. I say this in inverted commas, as it’s status is a little hard to grasp, this aside, Tether has made a name for itself and is now as viable an asset as the US Dollar, and the range of other FIAT currencies that is is tied up too. дальше »
2018-8-13 13:00 | |
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Stablecoins Gaining Popularity in India to Minimize Central Bank’s Impact
A growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms. They are part of the solutions exchanges have come up with in order to minimize the impact of the crypto banking ban imposed by the country’s central bank. дальше »
2018-8-13 01:10 | |
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Huge Demand for ‘P2P’ Crypto Trading Seen in India After RBI Ban
Exchange-escrowed trading directly between cryptocurrency buyers and sellers is growing in popularity in India following the crypto banking ban imposed by the country’s central bank. One local exchange, in particular, is seeing “tremendous” response from Indian traders for this service as “tens of thousands of new users have signed up” in a month. дальше »
2018-8-10 23:25 | |
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Spanish Central Bank Backs Cryptocurrencies in New Report
Central banks around the world have had hawkish, unfavorable views towards cryptocurrencies. However, the Spanish Central Bank, Banco de Espana (BDE), stands as a striking contrast. The regulator has released a report in which it states that the use of digital currencies, especially when there is a digital version of the state currency, will help in […] Spanish Central Bank Backs Cryptocurrencies in New Report was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »
2018-8-7 19:29 | |
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Thailand: Central Bank Allows Institutions to Open Crypto-Specific Subsidiaries
Continuing its decisive development spree for the optimal growth of the cryptocurrency sector, the Bank of Thailand (BoT) passed a resolution to allow local banks to set-up cryptocurrency-focused subsidiaries for dealing with related businesses. дальше »
2018-8-7 02:00 | |
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Indian Exchange Zebpay Enables Trueusd (TUSD) Stablecoin Trading
One of the largest cryptocurrency exchanges in India, Zebpay, has enabled Trueusd (TUSD) trading, deposits and withdrawals. The dollar-pegged stablecoin is offered as an alternative to fiat trading which is problematic under the Indian central bank’s ban. дальше »
2018-8-7 20:45 | |
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Bank of Thailand Green-Lights Financial Companies for Crypto Activities
Thailand’s central bank has announced the rules under which financial institutions, including commercial banks, and their subsidiaries can engage in cryptocurrency activities. They include securities, asset management, and insurance firms. дальше »
2018-8-6 10:45 | |
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Netherlands Central Bank: We Don’t Consider Cryptocurrency To Be Money
The central bank of the Netherlands has issued new comments on cryptocurrency this week, continuing a popular narrative from the banking sector that it is “not money. ” ‘Spending, Saving And Calculating’ In a video statement translated by local news outlet Dutch News, De Nederlandsche Bank divisional director Petra Hielkema said that cryptocurrency did not adequately permit three specific functions which consumers need and which are currently fulfilled by fiat currency. дальше »
2018-8-4 21:30 | |
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Indians Use Creative Means to Trade Bitcoin Amid RBI Ban
Indian crypto traders have found some creative ways to trade cryptocurrencies, especially bitcoin, to circumvent the crypto banking ban imposed by the country’s central bank. The Reserve Bank of India has banned financial institutions from providing services to companies dealing in cryptocurrency. дальше »
2018-8-3 05:15 | |
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XRP To Be Added To Canada’s Leading Cryptocurrency Exchange
XRP is set to be added to Coinsquare, one of the biggest cryptocurrency exchange platforms in Canada. This is exciting news, especially as it falls in line within a period that is seeing extensive research carried out by the Canadian Central Bank into cryptocurrencies and blockchain technology. дальше »
2018-8-3 23:00 | |
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How the Maltese Government Aims to Make Malta the World’s Blockchain Hub
According to Forbes, Malta, the European island between the North African Coast and the central Mediterranean Sea, has become a globally-recognized country for its business-friendly and innovative regulations in the blockchain and cryptocurrency industry. дальше »
2018-8-2 14:23 | |
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Iran to Fully Legalize Cryptocurrency in Near Future
The Iranian Financial Tribune reports today that it is likely that Iran will fully legalize cryptocurrency in the near future. In April of this year, the country’s central bank issued an outright ban on all cryptocurrency, followed by a censorship campaign launched against exchanges in July. дальше »
2018-8-2 09:23 | |
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Cryptocurrency and Africa. The Journey So Far
Cryptocurrencies are making so much waves in Europe, Asia and Central American that there is little attention being brought to other places with potentials of creating huge markets for them. The second largest and second most populous continent, Africa, is embracing the technology as an approach to the many problems countries in that continent are […] The post Cryptocurrency and Africa. The Journey So Far appeared first on ZyCrypto. дальше »
2018-8-2 21:50 | |
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Iran to Fully Legalize Cryptocurrency in Near Future
The Iranian Financial Tribune reports today that it is likely that Iran will fully legalize cryptocurrency in the near future. In April of this year, the country’s central bank issued an outright ban on all cryptocurrency, followed by a censorship campaign launched against exchanges in July. дальше »
2018-8-2 21:46 | |
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How the Maltese Government Aims to Make Malta the World’s Blockchain Hub
According to Forbes, Malta, the European island between the North African Coast and the central Mediterranean Sea, has become a globally-recognized country for its business-friendly and innovative regulations in the blockchain and cryptocurrency industry. дальше »
2018-8-1 20:36 | |
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Bahrain Central Bank Approves Stellar As ‘Sharia Compliant’
According to reports out today, the Bahrain Central Bank (CBB) have approved the Stellar. org project as Sharia compliant. This means that under the guise of the CBB, Stellar can carry a Sharia certification that means the project and its entities are approved by Islamic law and that interaction between the Stellar project and the Islamic faith is not forbidden in anyway. дальше »
2018-7-31 13:30 | |
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Central Bank of Russia Identifies ‘Dozens’ of Fraudulent Cryptocurrency Schemes
Russia’s First Bank Attempting To End Fraud In The Cryptocurrency Sector Of The Country As it turns out cryptocurrency isn't going as smooth and Russia it as it has been in the United States. The former Soviet Union country, who actively participates in cryptocurrency, is having major issues with pyramid schemes and Ponzi stealing money […] дальше »
2018-7-31 11:05 | |
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Bitcoin [BTC] can be a ‘potential asset’ for central banks, says Wall Street billionaire Bill Miller
Bill Miller, a billionaire investor, stated that Bitcoin [BTC] is the cryptocurrency which has the most probability of being successful. He also spoke about the strategies for evaluating the value of the cryptocurrency. дальше »
2018-7-30 17:52 | |
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G20 Summit Has No Progress For Crypto Regulation But Money Laundering A Main Focus
“Cryptocurrencies can bring significant advantages to the traditional economy and do not pose a global risk to financial stability. ” This was the general sentiment when the Finance Ministers and Central Bank Governors of the world’s largest economies spoke about cryptocurrency in the G20 conference. дальше »
2018-7-28 13:58 | |
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Iranian cryptocurrency planned by IRAN to rise above U.S sanctions
While giving a statement about this latest initiative of Iranian cryptocurrency, Daliri also clarified that the central bank was working with “domestic knowledge-based companies” to develop the domestic digital currency. дальше »
2018-7-27 22:15 | |
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The Bank Of Canada State That A CBDC Would Benefit Canada And The USA
The Bank of Canada, Canada’s central bank have hit headlines on a few occasions this month, after a sudden spike in interest within cryptocurrency and blockchain technology from the bank. According to Coindesk, The Bank of Canada have published a new paper that discusses how a Central Bank Digital Currency (CBDC) would be beneficial to both the economies of United States and Canada. дальше »
2018-7-27 15:30 | |
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Iran Serious About Creating National Cryptocurrency Amidst Mounting Economic Woes and Fresh U.S. Sanctions
Iran appears to be on the verge of creating a national cryptocurrency as a way of circumventing impending United States sanctions. Meanwhile, the country’s cabinet recently approved a new head for the Central Bank of Iran (CBI). дальше »
2018-7-27 06:24 | |
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Iran Serious About Creating National Cryptocurrency Amidst Mounting Economic Woes and Fresh U.S. Sanctions
Iran appears to be on the verge of creating a national cryptocurrency as a way of circumventing impending United States sanctions. Meanwhile, the country’s cabinet recently approved a new head for the Central Bank of Iran (CBI). дальше »
2018-7-27 01:43 | |
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Canada Central Bank: Bitcoin Safe From 51% Attack, Double Spending
Canada’s Central Bank (BOC) released a working paper this month, Incentive Compatibility on the Blockchain. In it, BOC seems to argue the world’s most popular cryptocurrency, Bitcoin, is safe from a 51% attack, double spend scenario through the right incentive structure and proof of work (POW). дальше »
2018-7-27 22:45 | |
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Yes, Stablecoins Can Secure Official Audits from Major Firms
“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized. дальше »
2018-7-26 18:55 | |
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Canada’s Central Bank Boasts Proof of Work Consensus System Benefits
The Central Bank of Canada has pioneered new research using the PoW or Proof of Work consensus in a new article on blockchain technology. The Bank of Canada or BoC has labeled Bitcoin’s Proof of Work system the best consensus algorithm used by any cryptocurrency. дальше »
2018-7-26 16:36 | |
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Bank of Canada: Proof-of-Work Beats Alternative Consensus Systems
Canada’s central bank has championed proof-of-work (PoW) algorithms as part of a new research paper on Blockchain consensus. ‘Irretrievable Sunk Costs’ In its Staff Working Paper released this week, Bank of Canada (BoC) said PoW, used by Bitcoin, held more promise than alternative proof-of-script (PoS) algorithms found in various altcoins. дальше »
2018-7-25 18:00 | |
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India Exchange Unocoin Suspends Withdrawals Following Central Bank Demands
“Deposits/Withdrawals Notice,” came the post title from popular Indian cryptocurrency exchange Unocoin this week. “As per orders from RBI,” the exchange explained, “bank INR withdrawals and INR Deposits have temporarily been disabled. дальше »
2018-7-24 10:30 | |
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Cardano Aims For A Trillion, Bets On Five Or Ten
Cryptocurrency is never dull. Bitcoin’s anonymous creator designed the protocol as a two-fingered salute to the financial sector; Ethereum wants to be the universal computer; when not battling the SEC, Ripple XRP cozies up to large corporations and central banks; Bitcoin Cash thinks it does a better two-fingered salute than Bitcoin. дальше »
2018-7-24 00:16 | |
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Future of Bitcoin threatened by European Union’s warning
After a cold start into 2018, bitcoin traders and holders witnessed an upward turn of the world’s first and largest cryptocurrency. Facing regulatory issues from across the globe Bitcoin is yet to become a part of the mainstream economics. дальше »
2018-7-23 19:14 | |
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Indian central bank calls for regulation of the crypto industry
Weeks after and four days after the resumption of hearing on the case between the cryptocurrency industry players and the central bank of India, the financial institution has conceded and called for the regulation of the industry in the country. дальше »
2018-7-23 18:10 | |
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Indian Crypto Regulation Ready by September: Official
The Indian government is expected to issue detailed cryptocurrency guidelines by September, a senior official from the country’s Ministry of Finance reportedly said. Consultations with all stakeholders including the central bank have already begun. дальше »
2018-7-23 17:35 | |
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G20 Ice October Timeline for Cryptosafe Payment Grade
G20 member countries are now looking at an October deadline for reviewing a global anti-money laundering (AML) standard on cryptocurrency, document shows. According to a statement issued on Sunday, finance ministers and central bank governors of the G20 member countries hosted a meeting during the weekend and reiterated their position on “vigilant” monitoring over cryptocurrency. дальше »
2018-7-23 11:24 | |
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Cryptocurrency Vs Central Banks: Bitcoin Versus Federal Reserve, BoE, BoJ & ECB
As it stands, there are four central banks that run the financial world, and those are the U.S. Federal Reserve, European Central Bank (ECB), Bank of Japan (BOJ) and the Bank of England (BOE). According to most experts, these institutions are definitely the most powerful, influencing the interest rates of over $41 trillion worth of […] дальше »
2018-7-23 10:01 | |
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Gary Gensler: From CFTC Chair to Blockchain and Cryptocurrency Educator
Gary Gensler was chairman of the U. S Commodity Futures Trading Commission (CFTC) between 2009 and 2014, right after the global financial crisis. Today, Gensler is part of MIT’s Digital Currency Initiative, lecturing students on blockchain technology and cryptocurrencies. дальше »
2018-7-23 08:00 | |
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Costa Rica Allows Workers to Be Paid in Cryptocurrency—But Will it Happen?
A recent news report suggests that Costa Rica’s labor laws permit the country’s workers to be paid in cryptocurrency: “Recently it was announced that Costa Rican workers could choose to receive part of their salary in crypto-currencies. дальше »
2018-7-23 03:11 | |
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