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Argentinian Bank Utilizes Bitcoin for International Payments

Argentinian Bank Utilizes Bitcoin for International Payments

Banco Masventas, a bank based in Argentina, has launched a new service as of 22 May 2018 which will utilize Bitcoin to facilitate international money transfers. This is a major milestone for Bitcoin, since it is likely the first time it has been used by a financial institution as an international payments standard. The bank is partnering with Bitex, a …


Australian Government Considers Blockchain for Services, Welfare Payments

Aussie Govt Considers Blockchain for Services, Welfare Payments

Australia’s Prime Minister Malcolm Turnbull has asked the country’s Digital Transformation Agency (DTA) to research blockchain, and how it could be used to improve government services, including welfare payments. The Australian government has granted the agency a budget of AUD 700,000 (USD 530,000) in order to carry out an investigation into DLT, according to ITNews. “The Prime Minister, in fact, …


Kidnappers Demand Bitcoin Ransom for South African Boy

Kidnappers Demand Bitcoin Ransom for South African Boy

A 13-year old boy named Katlego Marite was abducted by kidnappers in eMalahleni, formerly Witbank, South Africa. A note with a Bitcoin (BTC) address was left at the scene specifying that a ransom of BTC 15 should be paid if the parents wanted to see their kid again. As of this writing, the ransom is worth USD123,000. It appears to …


“Bitcoin Pizza” Worth 80 Million USD on Eight Year Anniversary

Bitcoin Pizza Day Marks Eight

Eight years ago today, on 22 May 2010, Laszlo Hanyecz of Jacksonville Florida made history by purchasing two large pizzas from Papa Johns with 10,000 Bitcoins. This was considered a major milestone as it was possibly the first time that Bitcoin was used to purchase goods from a major company. Today, ‘Bitcoin pizza day’ is proof that Bitcoin could be …


Blockchain Gains US Momentum as Ohio Examines New Bill

Blockchain Gains US Momentum as Ohio Examines New Bill

The US state of Ohio is currently proposing a change to state law through a bill which will legally recognize smart contracts and storage of records on a blockchain, according to Coindesk. There are several states in the US that have adopted blockchain-associated laws. Vermont, Arizona, Delaware, Illinois, Nevada, and Tennessee are among these states. Indiana, Iowa, and Texas have …


Walmart Develops Sales Platform Integrating Blockchain

Walmart Develops Sales Platform Integrating Blockchain

Walmart has filed an application with the US Patent and Trademark Office for a sales platform which integrates blockchain technology. This platform was invented by Donald R High, Michael D Atchley, and Chandrashekar Natarajan. This is a big milestone for the use of blockchain technology, considering that Walmart is one of the world’s largest company with USD 500 billion of …


Seoul Mayor Doubles down on Blockchain Pledges Ahead of Local Elections

Seoul Mayor Doubles down on Blockchain Pledges Ahead of Local Elections

Ahead of the Seoul mayoral elections in June, the present mayor of the South Korean capital Park Won-Soon has made manifesto pledges to increase blockchain developments, among other high-tech industries. A progressive power Park has been mayor since 2011 and is now aiming to secure a third term. In the past, he has put forth encouraging proposals for urban redevelopment under …


Crypto CEOs Are Making Moscow Home

Crypto CEOs Are Making Moscow Home

Moscow has the highest percentage of CEOs or founders of ICO-seeking projects working from the Russian capital, claims international technology investment company Atomico. In figures acquired in 2017, Atomico cited Russia at the top of a list of major crypto-active locations around the globe, followed by Silicon Valley, New York, and London. No Asian capitals appeared in the statistics which …


Japan’s Largest Bank Partners with US Tech Giant for Blockchain Payment Service

Japan's Largest Bank Partners with US Tech Giant for Blockchain Payment Service

The biggest bank in Japan has partnered with a US tech company to design a blockchain capable of handling 1 million transactions per second, boosting speed and reducing transaction feeds through distributed ledger technology. MUFG and Akamai partnership The Mitsubishi UFJ Financial Group (MUFG) partnered with US-based Akamai to deliver a new global payment network service, which is intended to …


Spain Opens Legal Doors for Funds Investing in Crypto

Spain Opens Legal Doors for Funds Investing in Crypto

Spain’s Comisión Nacional del Mercado de Valores (CNMV) or National Securities Market Commission, recently stated that investment funds could interact with Bitcoin. The statement was within a Q&A document for fintech companies, with one of the questions asking if a fund registered by CNMV could directly invest in cryptocurrencies. The answer by the CNMV was: “This type of funds would …


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