European Commission Vice President Believes Crypto Has Place in Future

European Commission Vice President Believes Crypto Has Place in Future

The vice president of the European Commission has said that “crypto-assets are here to stay” at the second informal Economic and Financial Affairs Council (ECOFIN) press conference. Progressive At the ECOFIN press conference in Vienna, vice president Vladis Dombrovskis spoke of the discussion between himself and other ministers, describing it as a “good exchange” with […]

Australian Driver’s License Goes Blockchain in Sydney

Australian Driver's License Goes Blockchain in Sydney

Australia has been on the international front line in incorporating blockchain technology into its government departments over the past months. In developments this year, the Australian federal government has announced that welfare payments could be delivered over blockchain through its Centrelink system. The Australian Department of Health is now actively using blockchain for the storage […]

Uzbekistan and Belarus want South Korea’s Crypto Knowledge

Uzbekistan and Belarus want South Korea's Crypto Knowledge

South Korea’s high profile status in cryptocurrency space is leading less crypto-developed nations to seek advice from them in the hope to secure valuable insight in further developing their know-how in the industry. Both Uzbekistan and Belarus, two central European countries still in development in the space, are turning to the East for support. Uzbekistan […]

Blockchain Eases the Way in World of Islamic Finance

Blockchain Eases the Way in World of Islamic Finance

Islamic banking which carries with it higher administrative costs than conventional banking could be benefited with the implementation of blockchain technology. The two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest. Blockchain-based banking is considered the next frontier in banking that […]

New Regulations in Mexico Restrict Banking Services for Crypto Investors

New Crypto Regulations in Mexico Require KYC Compliance

Mexico’s Central Bank, the Bank of Mexico, has updated regulations for financial entities that restrict the services they can provide to regular cryptocurrency investors. Financial entities are first required to identify all the customers they have involved in cryptocurrency trading, and then sort out those operating on a regular or professional basis. Those that fall […]

South Korean Insurance Firm Offers Insurance Against Hacking for Crypto Exchanges

South Korean Insurance Firm Offers Hack Insurance for Domestic Cryptocurrency Exchanges

Cryptocurrency exchange operators in South Korea can now be insured against hacks through an insurance firm that offers cyber-insurance to cover cryptocurrency losses. Crypto-Insured A typical cyber-insurance product compensates for the loss of personal information. However, a South Korean firm is taking the concept a step further by offering an insurance policy for money lost […]

Number of Australian Crypto ‘Hodlers’ Tripled Since January

Number of Australian Crypto Hodlers Tripled Since January

Results from a recent study show that the number of Australian citizens with some form of crypto asset holdings has tripled since the beginning of 2018. The survey was conducted by cryptocurrency trading brokerage HiveEx, which found the number of Australians ‘hodling’ crypto assets to have increased from 5% in January to 13.5% when it was […]

Russia to Develop Its Own Crypto Mining Pools in Light of Overseas Mining Invasion

Russia to Develop Its Own Crypto Mining Pools in Light of Overseas Mining Invasion

Crypto mining in Russia is becoming a big industry on an individual level, but more importantly for the government at an industrial scale also. This is now driving operators towards locally run Russian mining pools. The Russian Association of Crypto Industry and Blockchain (RACIB) claims that there are now over 400,000 people employed in the sector. […]

Bitcoin News Radio Show, 10th September 2018

itcoin News Radio Show, 9th August 2018

Listen to the 10 September 2018 Bitcoin News Radio Show below. [su_audio url=”https://anchor.fm/s/58aba88/podcast/play/1293671/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-8-9%2F4476056-44100-2-8aab04954f502.mp3″] On this edition of the BitcoinNews.com radio show, we discuss Submarine Swaps, the rise of blockchain research labs, a survey which shows most crypto investors are planning on increasing their investment, and how Coinbase’s CEO expects crypto users to grow from 40 […]

Active Users for Most Cryptocurrencies Is Shockingly Low

Active Users for Most Cryptocurrencies Is Shockingly Low

The number of active addresses, which can be an indication of the number of active users, is shockingly low for almost all cryptocurrencies. There are 52 cryptocurrencies with market caps in excess of USD 100 million, which should suggest a tremendous user base for each of those cryptos. Yet, only 20 cryptocurrencies have had over 1,000 […]