Saudi Arabia and the UAE Embracing Blockchain

Saudi Arabia and the UAE Embracing Blockchain

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Saudi Arabia and the United Arab Emirates are working on developing a new blockchain-based digital currency that would be used for international transactions between the countries. Banks Rush to Blockchain Blockchain technology appeals to banks as it allows for much quicker transfers ...
United States SEC Releases In-depth Statement on ICOs, Views Most as Securities

United States SEC Releases In-depth Statement on ICOs, Views Most as Securities

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In a lengthy December 11th statement, the Securities and Exchange Commission Chairman, Jay Clayton clarified a number of the SEC’s positions on ICOs and crypto in general. The statement gives the most detailed explanation to date on the SEC’s stance towards cryptocurrencies. Moreover, g ...
Ripple Finally Joining the Cryptocurrency Boom?

Ripple Finally Joining the Cryptocurrency Boom?

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Though bitcoin, litecoin, and ethereum have all shown spectacular price rises in recent weeks, ripple investors have had a quiet 2017. Recent moves suggest that XRP might be finally getting in on the action. Ripple’s price has been sluggish for most of the year, reaching $0.40 in May b ...
Emergency Meeting in South Korea to Combat “Bitcoin Zombies”

Emergency Meeting in South Korea to Combat “Bitcoin Zombies”

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The government of South Korea, one of the world’s centres of bitcoin trading, has held an emergency meeting to discuss cryptocurrency trading and regulation. New regulations will tighten customer protection and restrict exchange access. They also pave the way for taxing trading profits. ...
Bitcoin Platinum Unveiled as Scam

Bitcoin Platinum Unveiled as Scam

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A supposed upcoming bitcoin fork, bitcoin platinum, was revealed as a scam earlier this week by South Korean media outlets.  Originally reported by South Korea’s JoongAng, bitcoin platinum was allegedly devised by a South Korean teenager as a fraudulent project.  Most of the information ...
Japanese Internet Company GMO to Offer Bitcoin Salary Option

Japanese Internet Company GMO to Offer Bitcoin Salary Option

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The GMO Internet Group, the largest internet service provider in Japan, will begin offering a bitcoin salary option for its employees early next year. Come March of 2018, the whole of GMO’s 4,700+ employees will be able to receive a portion of their monthly payout in bitcoin.  Initiall ...
Bitcoin not a Replacement for Gold (Yet)

Bitcoin not a Replacement for Gold (Yet)

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For all the talk that bitcoin is “digital gold” it seems that there is little evidence that it is taking over from the precious metal. Gold prices may have been falling recently, hitting a six month low in the last few days, but according to the global head of commodities research for Go ...
Litecoin Booming, Up 4,000% in 2017

Litecoin Booming, Up 4,000% in 2017

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Bitcoin may be grabbing most of the headlines but litecoin has outperformed it in 2017. Billed as a “silver to bitcoin’s gold” litecoin is cheaper and, thanks to lower fees, easier to use for transactions. A year ago it could be bought at $3.83; at time of writing it was trading on the c ...
United States SEC Approves Bitcoin ETF Filings Amidst Futures Listings

United States SEC Approves Bitcoin ETF Filings Amidst Futures Listings

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In the past week, the United States Securities and Exchange Commission has received two applications for bitcoin-related exchange-traded funds. According to EDGAR, the SEC’s public filing system, the two ETF applications were filed on December 8th and December 11th.  The first applicati ...
Financial Institutions Embracing Blockchain for Reconciliation

Financial Institutions Embracing Blockchain for Reconciliation

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Some of the world’s biggest financial institutions are embracing the ethereum blockchain to collaborate on improving their compliance procedures. UBS, Barclays and Credit Suisse, among others, are working on the Massive Autonomous Distributed Reconciliation platform, known internally as ...

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