Iranians Still Back Bitcoin, US Treasury Tightens Stranglehold
As US sanctions continue to bite in Iran, Bitcoin and Bitcoin mining continue to serve as alternatives to circumvent banking institutions. However, these activities are now firmly under the US radar. Many Iranians have adopted the digital currency both in their own country and overseas to sidestep economic sanctions. The UK, traditionally a long-time favorite […]
Kazakhstan Kindergartens Streamline Waiting Lists on Blockchain
Blockchain is being employed in numerous areas across sectors in all parts of the globe moving into 2019, but the education department of the Kazakhstan capital of Astana has found another use for it to keep parents happy. Admissions to kindergartens in Astana have been painfully slow as children start their road to education, and […]
SBI, R3 Venture to Further Adoption of Enterprise Blockchain
A notice released today by Tokyo-based financial service firm SBI Holdings has revealed a joint venture with R3 where it holds a major outside shareholder, to further the adoption of enterprise-grade blockchain solutions. As per the notice, the joint venture is to be sited in Eastern Asia and will take JPY 500 million (USD 4,572,500) to set […]
Paxful Records 130% Crypto Volume Spike in Africa Last Year
Peer-to-peer (P2P) payment logistics platform Paxful has recorded a huge swell in Bitcoin transactions from the African continent in 2018. With an average of 17, 351 transactions a day being made by African users, this took the increase in trade volume to over 130% over the course of last year, echoing many analysts’ claims that […]
Bitcoin Needs Better Image for Mass Adoption
Cryptocurrency analysts have spoken out about why they feel that Bitcoin needs an image change before it can become accepted by the masses as a viable alternative to fiat currency. Most experts cite the same three factors which continue to hold back Bitcoin in its charge to become the people’s currency; trust, scams, and difficulty […]
Saudi Arabia, UAE to Test New Central Bank Crypto
Both Saudi Arabia and the neighboring United Arab Emirates (UAE) have announced that their central banks are to cooperate on the trial of a new cryptocurrency. The digital currency named Aber was announced in a joint statement released by The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the UAE. The proof-of-concept trial […]
Bank of Korea Says No Urgent Need for CBDC
South Korean news agency The Korean Herald reported today that the nation’s central bank has said it has no plans of issuing a digital currency in the near future. Cryptocurrency has taken center stage in many financial institutions around the globe and has found its way into major economic discussions in recent times, this includes […]
Iran Central Bank Puts Pressure on Bitcoin Payments
A new plan released today indicates that the Central Bank of Iran is to block the use of unapproved cryptocurrencies as a means of payment. The new report entitled “Obligations and Rules Regarding Cryptocurrencies” was released by the central bank claiming that “any cryptocurrency wallets will be used only for holding and transferring cryptocurrencies and […]
