Homes Sold in Montenegro for 420 BTC, Part of a Global Real Estate Trend
Three luxury apartments located in Budva Montenegro were purchased this week using Bitcoin to the equivalent of 3.2 million USD, according to Bitcoin.com. The 420 BTC sales were made according to Notary Office and the firm Astra Montenegro Investment Association (AMIA), which has been promoting cryptocurrency use locally. Montenegro, meaning “Black Mountain” is a sovereign […]
Blockchain Is Becoming China’s Darling, but Crypto Suffers From Beijing’s Distrust
Last week’s comments by China’s president Xi Jinping that the “blockchain was 10 times more valuable than the internet” clearly highlights the direction that the Chinese government is taking regarding the cryptocurrency space, according to Cointelegraph. Adding to those comments, the president referred to blockchain as “a part of the technological revolution”. If this “revolution” […]
A Step Back in History May Answer the Question, Is Fiat’s End in Sight?
Naeem Aslam, Contributor to Forbes has looked to history in an attempt to answer the question, will cryptocurrency ever replace fiat as the standard currency, reports Forbes. At the recent Money 20/20 Conference held this month in Amsterdam, the panel discussions between major banks’ representatives were all of the opinions that wouldn’t be the case. […]
Latest Data Shows Bitcoin Hodlers v Short Term Traders Now Near Parity
Recent data from Chainalysis — a blockchain research company, as published in Financial Times shows that the amount of Bitcoin owned by long-term investors is now almost equaled by speculators, reports Cointelegraph. Day trading has increased since the end of last year and the amount held by this group is thought to have risen to […]
Ant Financial to Finance Blockchain Innovations with USD 14 Billion
Ant Financial – Alibaba affiliate has raised approximately $14 billion to accelerate technological innovations. The equity fund targets top technologies including Artificial Intelligence (AI), Internet of Things and the blockchain technology. The fund was raised in company’s series C round funding. Ant Financial is a Chinese financial service provider with over 800 million subscribers using […]
Billionaire Investor Mike Novogratz Says Cryptocurrency Market Cap Will Hit 20 Trillion USD
Billionaire investor Mike Novogratz commented at the Bloomberg Invest Summit that cryptocurrency’s market cap is heading towards 20 trillion USD. This would be a tremendous increase from the current cryptocurrency market cap near 340 billion USD today. If the cryptocurrency market cap hits 20 trillion USD like Mike Novogratz expects, it would be approximately a […]
Baidu’s Tokenized Game Is Set for Launch
On Friday, Baidu – the Chinese search engine announced its plans to launch a native blockchain game in a week’s time. The announcement comes barely a few days after revealing its blockchain proprietary platform called SuperChain. Baidu’s reputation in blockchain projects has been on the rise over the past few months following recently launched blockchain-as-a-service […]
North America: Crypto and Blockchain News Roundup, 1st to 7th June 2018
North America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. USA Dennis Rodman’s trip to North Korea-US Summit possibly sponsored by Potcoin: Cryptocurrency platform PotCoin has announced that it is planning to sponsor the […]
Europe: Crypto and Blockchain News Roundup, 1st to 7th June 2018
Europe Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Poland Government rules crypto exchanges still legal: According to latest reports from Poland, the top financial authority in the country Polish Financial Supervision Authority (KNF) […]
