20/20 Central Bank Execs Forum Agrees Bitcoin No Threat Yet to Fiat
At Amsterdam’s Money 20/20 Conference on 5 June, bank representatives from four countries were asked to respond to the question “Can cryptocurrencies spell the end of fiat currencies?”, reports Cointelegraph. During a panel discussion, representatives from Swiss National Bank, the Bank of Lithuania, the Bank of England, and the Bank of Canada took turns in expressing […]
Binance Acquires Maltese Bank Account, Plans Fiat Functionality Within a Year
Cryptocurrency exchange Binance has announced that it has successfully opened a bank account in Malta. The CEO of Binance, Zhao Chengpeng, says that fiat to cryptocurrency trading will be launched within a year on the exchange. Binance is the top cryptocurrency exchange in the world by volume with USD 1.5 billion of trading in the last […]
No It’s Not Glastonbury, It’s Cryptomania: The New Festival Experience
Brock Pierce’s comments that “the most likely way to get me to attend your conference is to throw really good parties” demonstrate the direction that crypto conferences have taken over recent years. Of course, their official purpose, according to Bitcoin.com, is to offer attendees a few days of seminars, panel discussions and keynote speeches from […]
Vietnam Calls for Crypto Mining Equipment Import Ban
Vietnam’s ministry of finance has made an official proposal to ban the import of cryptocurrency mining equipment. This is another step towards a total ban of cryptocurrency activity in Vietnam, which is what the government is pushing for. Any non-cash payments are illegal in Vietnam according to Decree 101 and, therefore, all cryptocurrency payments are illegal. […]
Valerie Szczepanik Appointed as First SEC ‘Crypto Czar’
The US Securities and Exchange Commission (SEC) on Tuesday appointed Valerie Szczepanik to a new position being referred to as “crypto czar”. Szczepanik’s official title is the Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation for the division’s acting director Bill Hinman. What crypto czar entails The creation of this […]
Crypto Investor Apologizes for Earning $8 Million
John Lore, a lawyer who has managed over 30 cryptocurrency hedge funds, has shared his experience with an investor who approached him for his services while apologizing for turning his USD 600,000 into USD 8 million. Embarrassed by crypto riches The investor in question reportedly apologized for how much money he had made, even seeming embarrassed […]
Moving to Montana Soon: Next Bitcoin Mining Haven Says Economist
An article written by Brandon Bridge, an economist, and director of forecasting at the Bureau of Business and Economic Research at the University of Montana, has suggested that the state is ripe for Bitcoin mining to boost its economy, according to Big Sky Business Journal. According to the Montana Business Quarterly, three companies have recently […]
Blockchain Compatibility with GDPR’s ‘Right to be Forgotten’
The EU’s new General Data Protection Regulation (GDPR) policies place an emphasis on the ”right to be forgotten”, meaning that at any time an organization should be able to delete users’ personal data at their request. With immutable, decentralized blockchain technology, the question arises as to how blockchain projects will be able to comply with […]
South African Central Bank Develops Internal Fiat Token Payments
South Africa’s Central Bank (SARB) has conducted a pilot of a Proof-of-Concept (PoC) for an interbank payment system adopting a fiat token, using Ethereum-based private blockchain Quorum, writes Cointelegraph. According to an SARB report dubbed ‘Project Khokha’, the aim is “to build a proof-of-concept (PoC) wholesale payment system for interbank settlement using a South African Rand […]
Startup Wins Prize to Partner Volkswagen on Car History App Project
German automobile giant Volkswagen has offered a Lithuania-based company a role in its Dresden center after a successful pitch in a manufacturers competition, writes Cointelegraph. The company, carVertical, has developed a platform for used car history reports enabling users to verify details of a car’s past before making a purchase. The competition held in Riga, […]
