• Square, a payment processing company owned by Twitter CEO Jack Dorsey, has obtained a New York BitLicense. The firm announced the news on Twitter on June 18, 2018. The license grants approval for the company to offer Bitcoin trading services in New York via its Cash app. ‘The Missing Piece of the Puzzle’ BitLicense is the colloquial term given to the business license issued by the New York State Department of Financial Services (NYDFS) to

    Square Cash App Gets Bitcoin Trading License in New York

    | 2018/06/19 8:00 am
  • Are you a crypto-millionaire? How about a crypto-multi-millionaire? Are you in the market for a Roman mansion? If so, Hilton & Hyland has just the home you’re looking for.  The Crypto Palazzetto Rick Hilton’s Hilton & Hyland company is listing a 17,000 square foot Roman mansion for roughly $42 million. According to TMZ, the auctioning of this famous house in cryptocurrency represents a historical first and sets a new precedent. The 16th-century property located in Rome,

    $42 Million Roman Mansion For Sale in Cryptocurrency

    | 2018/06/19 1:00 am
  • Gab, a social network messaging platform that describes itself as a place “where people, free expression, and individual liberty come first,” has announced that its Coinbase account was suddenly closed by the popular US-based crypto exchange.  Gab: Centralized Exchanges ‘Contradictory to Everything Crypto Stands For’ Gab is a relatively young social networking platform launched in August 2016 as a response to censorship controversies involving major social media companies — such as Facebook and Twitter — which

    ‘Centralized Exchanges Are Cancer’: Coinbase Shuts Gab Social Network’s Account

    | 2018/06/15 7:00 am
  • Jonathan Johnson, ex-chairman of Overstock’s board of directors, touched on the benefits of cryptocurrencies and noted the tremendous potential of blockchain-based technology. Despite the currently hemorrhaging market, he still sees a lot of advantages in utilizing cryptocurrencies over traditional credit card payments.   Better Than Credit Cards Currently sitting on the Board of Directors of Overstock.com – a major online retailer accepting cryptocurrencies as a payment method — Jonathan Johnson shared his overtly positive sentiment

    Cryptocurrencies Are ‘A Much Cheaper Way of Doing Business,’ Says Former Overstock Chair

    | 2018/06/14 4:00 pm
  • A slight beam of good news shines over the bleeding cryptocurrency market as Arizona State University Professor Dragan Boscovic discusses the future of Bitcoin from a trading standpoint. The scholar seems to think that Bitcoin is regarded by investors as a ‘valued investment opportunity’. Dragan Boscovic is a computer science research professor at Arizona State University (ASU) and also a director of the Blockchain Research Lab – a project that aims to further the development

    Bitcoin a ‘Valued Investment Opportunity’ Says Arizona State University Professor

    | 2018/06/14 3:00 am
  • The Financial Conduct Authority (FCA), U.K.’s top financial watchdog, has advised banks to adopt appropriate measures to minimize the risks and exposure inherent in the cryptocurrency business. This advice was contained in a recent letter sent by the FCA to the CEOs of local U.K. banks. Robust KYC Protocols The FCA encouraged banks to be more thorough in their know-your-customer (KYC) activities. The financial monitoring agency urged banks to be especially watchful of clients who

    FCA Urges UK Banks to Adopt Robust Security Measures Against ‘Risky’ Cryptocurrency Business

    | 2018/06/12 8:00 pm
  • While the United States trends towards isolationism, it’s also opening the door to have the dollar supplanted by Bitcoin as the primary international currency of choice.  ‘If You Let Your Mind Wander a Little Bit’ The United States dollar is the main international currency and has been for more than 50 years. According to Ken Jacobs, CEO of financial advisory and asset management firm Lazard, that fact could change in the not-so-distant future — thanks

    Bitcoin May Replace USD As Main International Currency, Says Top Merger Adviser

    | 2018/06/10 2:00 pm
  • Thailand’s Security and Exchange Commission has released a comprehensive framework for the regulation of the country’s cryptocurrency market. The laws cover ICOs, approved cryptocurrency trading pairs, and licensing fees for market operators. The regulations which were announced on June 8, 2018, come into effect later in the month. ICO Regulations In May 2018, Thailand banned ICOs while waiving the previously planned 7 percent VAT on cryptocurrency transactions. The new ICO regulations reverse the ban while

    Thailand Unveils New Detailed Cryptocurrency, ICO Regulations

    | 2018/06/10 11:00 am
  • Many young professionals in Africa are embracing the promise of cryptocurrency via exchanges like Paxful and are extolling the “gospel of Bitcoin” to their peers. The cryptocurrency craze continues to sweep the world. While large corporations and other institutional investors seek to make millions off the buying and selling of virtual currencies, it is the small, individual investor who is seeing their life altered for the better through cryptocurrency. One group that is truly feeling

    Young Professionals in Africa Are Embracing the ‘Gospel of Bitcoin’ on Exchanges Like Paxful

    | 2018/06/07 4:00 pm
  • The economy of Africa has been severely buffeted by many factors over the years. However, P2P finance platforms like Paxful recognize the opportunity cryptocurrency offers Africa. The history of the African continent over the last few centuries hasn’t been exactly ebullient. Colonialism, massive food shortages, the spread of a number of virulent diseases, armed conflict, and unstable economies have all been elements that have shaped the ongoing development of Africa. Yet a new economic and

    Bitcoin Exchange Paxful Recognizes the Opportunity Cryptocurrency Offers Africa

    | 2018/06/07 6:00 am
  • Apple co-founder Steve Wozniak is hopeful that Bitcoin will become the single currency of the Internet. In this regard, Wozniak joins Jack Dorsey, the CEO of Twitter and Square, in his enthusiasm for Bitcoin becoming the single worldwide currency. Bitcoin: The Native Currency of the Internet   A growing number of influential voices are claiming that Bitcoin should become the currency of the Internet. Most recently, during a CNBC interview, Wozniak conveyed his sentiment that Bitcoin should

    Apple Co-Founder Wants ‘Pure’ Bitcoin to Be the Currency of the Internet

    | 2018/06/06 4:00 am
  • In light of the global financial crisis of 2008, the invention of Bitcoin and other cryptocurrencies has caused many to reassess the value of centralized banking institutions. Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, shared his analysis on how the mainstream adoption of cryptocurrency could affect central banks and monetary policy. Value and Volatility Value and volatility are critical indicators of currency adoption. As He observes, Bitcoin’s price volatility is high because

    IMF: Crypto Assets Could ‘Reduce Demand’ For Central Bank Money

    | 2018/06/05 8:00 am
  • Google’s decision to ban all bitcoin and cryptocurrency adverts on its platforms isn’t going down well with cryptocurrency and blockchain technology proponents — with some believing that there is more to the decision than meets the eye.  Double-Standards In March 2018, Google issued a statement announcing that cryptocurrency-focused promotional content would no longer be allowed on all of its platforms. According to the statement, the ban covers adverts for ICOs, exchange platforms, wallet services, etc.

    Ulterior Motives Likely Behind Google’s Blanket Ban on Crypto Ads, Experts Claim

    | 2018/06/04 11:00 am
  • Japanese Internet behemoth GMO has launched CryptoChips, an in-game Bitcoin rewards system. GMO Internet Inc. announced the launch via a statement on its website on May 31, 2018. The move represents the latest attempt to integrate the emerging crypto market into the mainstream gaming industry. CryptoChips: A Bitcoin Gaming Rewards Application CryptoChips is an application that will allow players to earn Bitcoin as rewards for playing mobile games. Players can earn these rewards by unlocking

    Play Video Games, Earn Bitcoin: GMO Launches ‘CryptoChips’

    | 2018/06/02 2:00 am
  • In January 2019 – just six short months from now – blockchain technology will be a decade old. Satoshi Nakamoto, the mysterious creator of Bitcoin, released the Bitcoin code in January 2009. Since then, more than 1,600 other cryptocurrencies and several blockchain projects have emerged. One of the most significant questions that remain is when will this exciting emerging technology achieve mass adoption? Speculative Investments Giving Way to Real Cryptocurrency Utility Beneath the flurry of

    Will 2019 Signal the Dawn of the Cryptocurrency Awakening?

    | 2018/06/02 12:00 am
  • On the latest episode of “John McAfee Says,” the tech activist and internet security expert declared that there is an ongoing war against cryptocurrencies.  ‘It is, in fact, a war’ He aired this revelation in a video posted on his Twitter on May 27. According to McAfee, powerful forces are trying to derail the progress of the cryptocurrency revolution. McAfee began by unequivocally stating the reality of the ongoing fight: Whether you know it as

    John McAfee Says There is a War on Cryptocurrencies

    | 2018/05/28 6:00 pm
  • Crypto traders are calling for more regulatory oversight on a market that has traditionally been sparsely impacted by regulation. According to these stakeholders, “bad actors” need to be eliminated from the industry. By so doing, they believe that cryptocurrencies will become legitimized, thus attracting significant interest from institutional investors. Regulations Will Sanitize the Market Ran Neu-Ner, the CEO of OnChain Capital, believes clearly defined crypto laws will sanitize the market. According to him, such a

    Crypto Traders Clamor for More Market Regulations

    | 2018/05/26 7:00 pm
  • The High Court of Zimbabwe has lifted a ban on cryptocurrencies in the Southern African country. This follows a lawsuit that was filed by a local cryptocurrency exchange which argued that the Reserve Bank of Zimbabwe did not have any authority to declare cryptocurrencies illegal.  Contested Jurisdiction On the 12th of May, Zimbabwe’s financial services regulator, the Reserve Bank of Zimbabwe (RBZ), issued a directive to all financial institutions to stop all forms of transactions

    High Court of Zimbabwe Lifts Cryptocurrency Ban

    | 2018/05/26 11:00 am
  • Matt Hougan of Bitwise Asset Management believes that the price of Bitcoin could increase by 500 percent in the next ten years. Hougan hinges his prediction on the cryptocurrency becoming an actual store of value and the blockchain permeating several facets of human life. Is Bitcoin a Store of Value? Finding a consensus on any argument related to Bitcoin is almost a futile effort at this point. There’s the bubble argument, the economic definition argument,

    Bitcoin as a Store of Value Could be Worth $40K Within the Next Decade, Says Matt Hougan

    | 2018/05/25 9:00 pm
  • There are a lot of odd things you can buy with Bitcoin – spy gear, lasers, alpaca socks, and now, high-end deodorant. ‘Scent or Payment Method’ Deodorant maker Schmidt’s Naturals is the latest company to let online shoppers buy its products with Bitcoin. Co-founder and CEO Michael Cammarata claims Bitcoin has accounted for 5 to 10 percent of online sales since they started accepting the cryptocurrency on May 14. “It’s starting to be a percent of

    The Sweet Smell of Success: Unilever-Owned Schmidt’s Naturals Adds Bitcoin as Payment Option

    | 2018/05/24 7:00 pm
  • A UK Turkish-owned mosque will become the country’s first to accept cryptocurrency donations during Ramadan, putting it at odds with Ankara on the subject. ‘Uncharted Waters’ Shacklewell Lane Mosque in Hackney, East London, also known as Masjid Ramadan, announced the measures as part of the Islamic traditions of Zakat and Sadaqah – giving to those in need. The only such mosque to formally accept Bitcoin in the country, and one of just several worldwide, Shacklewell

    UK Mosque Defies Islamic Scholars To Accept Bitcoin Donations

    | 2018/05/23 5:00 am
  • The CFO of PayPal defended the case for fiat merchant settlements Monday, telling mainstream media the company could nonetheless “definitely support” Bitcoin in the future. CFO Rainey Points Finger at Volatility Speaking to CNBC in an edition of the network’s Mad Money segment, John Rainey, PayPal’s CFO, claimed that volatility was the reason PayPal did not “see a lot of interest” from its merchants regarding cryptocurrency acceptance. Rainey told Mad Money host Jim Cramer: Because

    PayPal: We’ll ‘Definitely Support’ Bitcoin If It Becomes ‘Better Currency’

    | 2018/05/22 11:00 pm
  • The crypto-community celebrates the 8th anniversary of the first commercial transaction in which Bitcoin was used as a real-world currency to pay for an item. Two Pizzas for 10,000 Bitcoins On 17 May 2010, computer programmer Laszlo Hanyecz posted on the Internet a request to buy a pizza paying with bitcoins. A few days later, Hanyecz was successful. He bought two pizzas for 10,000 bitcoins from Jeremy Sturdivant, whose username was “jercos.” On May 22,

    The World Celebrates the 8th Anniversary of the First Bitcoin Transaction: Buying Two Pizzas

    | 2018/05/22 5:00 pm