Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking […]
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Tag: crypto
Renewed Market Growth Has Sparked Demand for Crypto-Backed Loans
With cryptocurrency markets back to life, hodling sounds like a smart strategy once again. Cryptocurrency owners are now more likely to pledge coins to borrow fiat if they need it, rather than sell their appreciating digital assets. The spread of crypto-backed loans could also be a good indicator of investor sentiment. According to a source […]
Malware Crypto Ransoms Rose By Almost 90% in Q1: Report
The average cryptocurrency payout for ransomware attacks rose dramatically in the first quarter of 2019, according to a firm that helps victims pay ransoms. In its quarterly report, Coveware said that, while in Q4 last year the average ransom was $6,733, it shot up by 89 percent to $12,762 in the first three months of 2019. The rapid […]
EU Launches International Blockchain Association, Bringing Crypto One Step Closer to Mainstream Adoption
The European Union has officially launched the International Association of Trusted Blockchain Applications (INATBA) — with IBM, Accenture and Deutsche Telekom among the 100-plus members to have signed the association’s charter at a ceremony at the European Commission (EC) in Brussels on April 4, the CoinTelegraph writes. INATBA was legally formed last month as an offshoot of the EU’s European […]
United Arab Emirates’ Financial Authorities Host Crypto Asset and Fintech Forum
The United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech, the UAE’s official news outlet Emirates News Agency reported on March 17. Per the report, the event was held in ADGM in collaboration with the UBF Compliance Committee and aimed to bring together industry specialists […]
Lawmakers Pitch New Crypto Tax Payments Bill in New Hampshire
As the CoinDesk announced, a pair of New Hampshire lawmakers filed a bill this month that, if approved, would let state-level agencies accept cryptocurrencies as payment, including the state’s tax office. Representatives Dennis Acton and Michael Yakubovich introduced House Bill 470 on Jan. 3, which seeks to require New Hampshire’s state agencies accept cryptocurrencies for taxes and […]
Western Union Considers Crypto, Partners with Ripple to Test Blockchain Payments
The president of Western Union Global Money Transfer has claimed the company is “ready to adopt any kind of currency,” potentially including cryptocurrencies, in an interview with Reuters Plus, Dec. 17. Odilon Almeida stated there is no big difference between cryptocurrencies and regular digital payments, the likes of which Western Union has been handling for years. As the CoinTelegraph writes, Almeida […]
The Crypto Winter Wasn’t the Real Story of 2018, and It Won’t Be for 2019 Either
Eric Piscini is the CEO of Citizens Reserve and the former blockchain lead for Deloitte. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Blockchain moves so quickly that last month’s news sometimes feels like ancient history. But instead of thinking about our crypto winter, this month I’ve been thinking about the early […]
Roger Ver Sidelines Bitcoin Cash War to Present Crypto Bull Case
As the CoinTegraph announced, Bitcoin.com CEO and Bitcoin Cash (BCH) proponent Roger Ver remained buoyant about cryptocurrency markets Dec. 4, telling Bloomberg the “future is brighter than ever.” In an interview in Tokyo, Ver, who has become known for his slighting of Bitcoin (BTC) in favor of Bitcoin Cash, briefly put the two coins’ differences aside to explain that despite price […]
R3 Adds Ripple as First Crypto for Its Universal Payments DApp
Enterprise blockchain software firm R3 has announced that ‘rival’ Ripple’s XRP token will be the first crypto supported on its new universal payment settlement platform, Finextra reports today, Dec. 5. Dubbed “Corda Settler,” the new open source Corda-based decentralized application (CorDapp) reportedly allows payment obligations raised on the Corda blockchain to be settled via any parallel payment rail that supports cryptocurrencies or assets, […]