Swiss State Secretary: Standards Not Regulation Will Boost Crypto Market
Switzerland’s State Secretary has commented that fintech has moved beyond “hype-cycle” into a stage where standards are now more important than regulation. Secretary Joerg Gasser was speaking at this week’s Singapore Fintech Festival. The Swiss minister pointed out the increased demand for fintech regulation internationally was not necessarily in the best interest of promoting the […]
Brazil Gets First Crypto Investment Fund Following Securities Commission Ruling
Following the Brazillian Securities and Exchange Commission’s (CVM) ruling to allow cryptocurrency fund shares and derivative investments, national firm Genial Investments has stepped up to offer the first approved financial product. CVM passed the cryptocurrency policy as part of ‘Instruction 55‘ in September. The ‘BLP Criptoativos FIM‘ fund is composed 20% of cryptocurrency related assets and 80% […]
Joseph Lubin: Blockchain Can Empower Our Identity, Agency
Co-founder of Ethereum Joseph Lubin has said that blockchain technology has the ability to empower people identities and agency. ”We are going to be more in control of our own identity and agency in these decentralized networks,” Lubin told the audience at the International Luxury Conference. As he interprets it, the technology will change the current […]
Successful Marine Blockchain Insurance Test Announced in Tokyo
Japanese insurance company Tokyo Marine & Nichido Fire Insurance, in partnership with NTT DATA, has announced the first successful test of a blockchain-based cargo insurance claims system. Tokyo Marine is one of the biggest insurance companies in the country and has invested in this system to improve the claims process and bring transparency. The initial […]
BitcoinNews.com Daily Podcast 12th November 2018, World’s Most Efficient Bitcoin Mine
Listen to the 12 November 2018 BitcoinNews.com Daily Podcast below. [su_audio url = “https://anchor.fm/s/58aba88/podcast/play/1718247/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-10-13%2F5766685-44100-2-07079ea54cbb6.mp3”] On this edition of the BitcoinNews.com Daily Podcast, we discuss how Sweden may stop using cash, and therefore needs a cryptocurrency to prevent the privatization of money. Learn about the world’s most efficient Bitcoin mine under a Fjord in Norway. Hear about […]
Rogue Crypto Trader Joseph Kim Gets 15 Months Prison, $1.146 Million Restitution Order
Cryptocurrency trader Joseph Kim has been sentenced by the US Department of Justice to 15 months in prison, and the Commodities Futures Trading Commission (CFTC) has ordered Kim to pay USD 1.146 million of restitution after the rogue trader was found to have committed trading-related fraud from September 2017 through March 2018, which resulted in total […]
Cash Disappearing in Sweden, Native Crypto Needed
Cash is rapidly disappearing in Sweden, with the supply of the Swedish krona (SEK) declining to 1% of Sweden’s gross domestic product (GDP). Businesses are now allowed to refuse cash, since it is used so little in society, giving private payment apps like Swish a monopoly over the payment market in Sweden. It has been […]
Survey: Blockchain CEOs, Firms and Consultants Wary yet Confident
Initial coin offerings (ICOs) and the blockchain industry as a whole are the subjects of a new survey published by marketing firm TGE that shows respondents to appear extremely cautious yet confident. The survey, which had 319 respondents from nations including the USA, UK, Hong Kong and South Korea, was set out by TGE so […]
BitcoinNews.com Daily Podcast 11th November 2018, 4,000 Bitcoin ATMs, New Type of Exchange Hack
Listen to the 11 November 2018 BitcoinNews.com Daily Podcast below. [su_audio url = “https://anchor.fm/s/58aba88/podcast/play/1716204/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-10-12%2F5758516-44100-2-489ca3ba484ea.mp3”] On this edition of the BitcoinNews.com Daily Podcast, we discuss how the number of Bitcoin ATMs worldwide has reached 4,000. Hear about the opening of one of the largest cryptocurrency mining operations in North America. Learn about a new type of cryptocurrency […]
Vietnam Report Prompts Government Action on Crypto Regulation
A new report in Vietnam on current cryptocurrency regulation and practice has recommended changes to current legislation. The report, compiled by Hanoi’s Ministry of Justice, has given the government food for thought, including bringing Vietnamese rules on digital currencies in line with other countries overseas where cryptocurrency is more firmly established. Vietnam has certainly had […]
