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Switzerland Considers National Digital Currency ‘e-franc’

switzerland, e-franc, cryptocurrency, blockchain, UBS

The Federal Council of the Government of Switzerland is considering the establishment of a national digital currency called the e-franc, with Reuters reporting Thursday a study has been requested into the possibility of its establishment. The e-franc would utilize blockchain technology while operating under the jurisdiction of the Swiss state. The Federal Council requested the report, prompted by the vice-president …


Apple, Twitter Founders Upbeat on Future of Bitcoin and Blockchain

Apple, Twitter Founders Upbeat on Future of Bitcoin and Blockchain

Apple co-founder Steve Wozniak, appearing at the WeAreDevelopers World Congress in Vienna on Wednesday, told the assembled audience that he saw both blockchain and cryptocurrencies reaching their future full potential in just a decade, according to Cointelegraph. Wozniak’s speech at the IT conference, Europe’s largest of its kind attracting roughly 8,000 visitors from 70 countries, opened the event, where he was attending …


Educational Hoax ICO Site Launched by US Government

Educational Hoax ICO Site Launched by US Government

The US Securities and Exchange Commission (SEC) has produced a website advertising a scam initial coin offering (ICO), in an effort to educate the populace on how to identify such fraudulent websites. In a Wednesday press release, SEC Chairman Jay Clayton discussed the intent behind the initiative. While acknowledging the rapid growth in the number of ICOs, he explained a …


Iran and Russia Join In Crypto Chess Against US Dollar as Sanctions Loom

Iran and Russia Join Crypto Chess Game Against US Dollar as Sanctions Loom

Both Iran and Russia have similar views on bypassing using the US dollar in favor of cryptocurrency in light of sanctions, reports Trustnodes. This is based on comments made by Mohammad Reza Purebrakhimi, the head of the commission for economic affairs of the Assembly of the Islamic Council (Parliament) of Iran, as reported by Interfax. In a meeting with Russia’s head of the …


World’s Fifth Largest Bank Joins Crypto Space with Digital Yen

World's Fifth Largest Bank Joins Crypto Space with Digital Yen

Japan’s Mitsibushi UFC Financial group (MUFG), the world’s fifth-largest bank by assets, has announced it will trial its own digital currency as early as 2019, reports Cointelegraph. The move, which dates back as far as 2016, sees the Japanese giant running out the coin, valued at one yen, to 100,000 account holders, according to Japanese broadcaster NHK.  The bank suggests that its MUFG …


NYC BlockChain Week Under Way with Twitter CEO, Fed President and Snoop Dogg

NYC BlockChain Week Under Way with Twitter CEO, Fed President and Snoop Dog

The inaugural Blockchain Week has come to NYC, courtesy of The New York City Economic Development Corporation (NYCEDC) and CoinDesk. Designed to showcase New York as a rising hub for the blockchain sector, the Midtown gathering, including key event Consensus, could be a more flamboyant affair than it might sound to those unfamiliar with the world of blockchain and digital …


A Fork in the Road for Major Dutch Exchange as It Dumps Bitcoin Cash

A Fork in the Road for Major Dutch Exchange as It Dumps Bitcoin Cash

Dutch cryptocurrency exchange BL3P has announced it plans to follow Hong Kong exchange OKEx and remove Bitcoin Cash before the announced hard fork due to take place on 15 May, according to a recent BL3P blog post. The exchange suggested that the move was pre-planned, stating, “Since there already was a planning for the removal of Bitcash the hard fork …


Millennials Look to Cryptocurrencies for Retirement Security

Millennials Look to Cryptocurrencies for Retirement Security

A recent study conducted by Swiss Fintech company Creologix concluded that most millennials, those born between 1981 and 1996, are not saving for retirement, but increasingly buying cryptocurrencies for their future financial security, reports Insidebitcoins. This supports a US National Institute on Retirement Security report published earlier this year which concluded that “95% of millennials are not saving adequately for …


Elon Musk Among the Latest to Challenge Warren Buffett’s Investment Ideas

Elon Musk

Warren Buffett has come under fire from Elon Musk after an exchange that led to Musk appearing to challenge his rival with a light-hearted ICO dubbed Cryptocandy. The two had been trading opinions via public shareholder meetings in the days prior. The reference to cryptocurrencies played on Buffett’s rigid ideas on bitcoin and his investment in See’s Candy. Elon Musk hasn’t taken a strong stance …


India Rich in Crypto Skills Despite Government Hard Line

india, bitcoin, blockchain, software development

A recent study in India by HR company Belong has revealed that over 5000 Indian software developers have the necessary skills to work on blockchain and cryptocurrency projects, reports Inside Bitcoins. The study claims that out of an estimated two million software developers, 0.25% of them have the skills required for blockchain development and cryptocurrencies, such as data science, algorithms, and …


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