2018 Cryptocurrency Survey Finds Bitcoin Most Likely for Mass Adoption
The 2018 Cryptocurrency Survey conducted by law firm Foley & Lardner LLP reveals much in terms of attitudes towards the cryptocurrency market from insiders, notably indicating that Bitcoin is the most likely choice for mass adoption. The subjects undertaking the study include over 60 professionals, with a majority either investors or business executives. 43% say Bitcoin […]
NZ Blockchain Company Helping Small Companies with Dapps
New Zealand tech company Centrality has created an infrastructure and marketplace for decentralized apps (Dapps), writes Techwire Asia. In the digital age where larger companies are expanding and smaller players have to really prove themselves to make their mark, Centrality CEO and co-founder Aaron McDonald thinks his company can help to level the playing field. […]
First US Nationwide Darknet Sting Hauls $23M in Bitcoin, Cash, Gold
The United States Department of Justice announced on 26 June 2018 that a year-long operation to investigate and disrupt illegal activity on the darknet had been completed. This is the first nationwide undercover darknet sting in United States history. Seventy search warrants resulted in the seizure of BTC 2,000 worth over USD 12 million and […]
Swiss Working Group to Establish More Crypto-Friendly Banking Environment
The financial director of Zug, Switzerland wants the Swiss Bankers Association (SBA) to make it easier for blockchain companies to meet their banking needs, reports local news portal cash.ch. Director Heinz Tannlerand, together with financial director of Zurich Ernst Stocker, have suggested that if some of the complexities aren’t removed for Swiss-based blockchain companies wanting […]
People’s Bank of China Developing New Cryptocurrency
The People’s Bank of China (PBoC) Digital Currency Research Lab has submitted 41 patents since it opened a year ago in June 2017. All of these patents focus on creating a new type of cryptocurrency that combines the benefits of cryptocurrency with the needs of the financial system. The PBoC is the central bank of […]
Blockchain Sharding Brings Scalability Benefits and Security Risks
Bitcoin and Ethereum have been said to face scalability problems since they can only handle about 3 to 7 and 7 to 15 transactions per second respectively, which would be insufficient to handle payments as adoption becomes more widespread globally. Blockchain sharding is a proposed protocol change that would increase cryptocurrency transactions per second to better […]
Reserve Bank of Australia “Admires” Bitcoin’s Design but Won’t Plan for National Crypto
Reserve Bank of Australia (RBA) official Tony Richards in a speech to the Australian Business Economists in Sydney on Tuesday, expressed his admiration of Bitcoin but thought it would not be adopted into the country’s mainstream financial system. Dr Richards is head of Australia’s central bank (RBA) and was discussing Bitcoin’s credibility when juxtaposed with Australia’s […]
Facebook Makes Unexpected U-Turn on Crypto Advertising
Social media giant Facebook has suggested in a blog post that it may allow some companies to place adds on their platform despite the recent cryptocurrency advertising ban. The new measures are the launching of a “cryptocurrency products and services onboarding request” form which will allow Facebook selective advertising. The company suggests minor changes to […]
30% Growth of Institutional Investors Using Circle
Circle Trade has reported a 30% increase in unique institutional investors during May 2018, despite the Bitcoin bear market that has seen price decline by 70% since December 2017. Circle’s CEO Jeremy Allaire says, “A lot of folks on the institutional side are on-boarding, and getting their ducks in the row”. This is a positive […]
Florida to Appoint “Cryptocurrency Chief”
The chief financial officer of the state of Florida, Jimmy Patronis, announced today 26 June 2018 that a cryptocurrency chief will be appointed to provide oversight for the growing cryptocurrency industry. Florida is the southernmost state in the continental United States and has 21 million people. The gross domestic product (GDP) of Florida is USD 1 […]
