McKinsey: Retail Banking Slow to Adopt Blockchain

A Bloomberg report has quoted management consultancy firm McKinsey & Company, who says that retail banks are slower to adopt blockchain technology thanks to restrictive regulations and conservative consumer environment on their side. According to the article, retail banks were even characterized as “nervous and cautious” about the emerging technology, when compared to their investment banking […]

Man Travels Round the World in 2 Weeks with Crypto

Alex Hobern has completed a tour around the world in only two weeks after competing in the Money2020 Payments Race, using only Bitcoin and other cryptocurrencies, as reported by Forbes. Hell yeah… what a wild ride it was. Round the world in 2 weeks using crypto đŸ”„đŸ”„ #TeamCrypto #PaymentsRace pic.twitter.com/IksuLYa0xI — Alex Hobern (@alexhobern) June […]

Poloniex Forces Users to Share $14.4 Million Losses after CLAM Flash Crash

Poloniex Forces Users to Share $14.4 Million Losses after CLAM Flash Crash

A flash crash on the CLAM altcoin trading market on cryptocurrency exchange Poloniex has resulted in instant losses on a margin loan facility the platform provided. As a result about 0.4% of Poloniex users have shared the burden of the loss, estimated at BTC 1,800 (USD 14.4 million at time of writing). According to a […]

Apple’s CryptoKit Edges Closer Towards Phone Support for Digital Currencies

Apple's CryptoKit Edges Closer Towards Phone Support for Digital Currencies

It has been announced that Apple has plans to integrate what it calls an iPhone CryptoKit into its next-generation iPhone. Although the title sounds like a major step away from a hitherto rather tentative stance on all things crypto, enthusiasts will need to wait for a while before becoming to over-enthusiastic. This is no crypto […]

Portuguese Soccer Giants Benfica Link with Utrust for Crypto Ticket Sales

Soccer continues to be the new testing ground for crypto-related businesses and alternative payment systems as Portuguese giant Benfica plans to make crypto ticketing available. Benfica FC plays in the Primeira Liga, the top flight of the Portuguese football league system, where they are the current champions and the most successful club in terms of […]

Faulty Bitcoin ATM in London Spews Cash Bills

A video footage has emerged online of what is claimed to be a Bitcoin ATM in Bond Street, London, “spitting out tons of money”. Bond Street Bitcoin ATM spitting out tons of money! from Bitcoin The 20-second video, shared by redditor skypirateX on Reddit less than a day ago, shows a security guard attempting to […]

Bitcoin Pinches $8,000 as Bulls Gather Strength

After months of Bitcoin bulls powered by the Asian trading market, Bitcoin price this week has been showing the strength of Europe bulls, with Bitcoin briefly breaking the USD 8,000 mark just as office hours began in Central Europe (9:15 am UTC, CoinDesk). It was quite a turnaround from only half a day earlier when […]

India Central Bank Denies Knowledge of Crypto Ban Bill

The Reserve Bank of India (RBI) has apparently denied any knowledge of or involvement with a supposed bill that would ban cryptocurrency in India, according to a report by Bitcoin.com. In a Rights to Information (RTI) filed by Indian crypto lawyer Varun Sethi to RBI, he asked five nine-part questions related to the central bank’s role in […]

San Marino Ratifies Blockchain Decree

San Marino Ratifies Blockchain Decree

The Republic of San Marino has formally ratified its blockchain decree, legally recognizing blockchain and formally making it the latest blockchain jurisdiction on the global scene. A Tweet by Sara Noggler, a member of the Comitato Scientifico San Marino Innovation (San Marino Innovation Scientific Committee), revealed the news about 12 hours ago. A couple of hours […]

Swiss Think Tank Urges National Bank to Create State Crypto

Prominent Swiss think tank Avenir Suisse (Swiss Future) has urged the Swiss National Bank (SNB) to start working on a national cryptocurrency in its most recent report, ‘Blockchain After the Hype’. The report suggests that the issue of an SNB franc token be issued as part of the pro crypto alpine nation’s blockchain push to […]