Despite fears and skepticism over usage of virtual currencies for crime, tax evasion and money laundering, more African countries and individual investors are increasingly embracing cryptocurrencies to escape challenges to do with fiat money and to mop up extra value from informal markets that dominate the continent, according to a newly-published local report Global Risk […]
Social network company Spot.IM is planning to pay employees using Bitcoin, as reported by Israeli newspaper Calcalist. However, the firm is currently negotiating with the Israel Tax Authority to receive permission for the proposed payment method, along with the proper way of calculating exchange rates. Itay Bracha, Spot.IM’s legal representative, said that salary or benefit […]
The U.S. Securities and Exchange Commission (SEC) has declared that Ethereum (ETH) is not a security under U.S. securities law as it is a decentralized structure that is not controlled by any committed third party. SEC Backs Decentralized Coins Speaking at the Yahoo All Markets Summit: Crypto conference in San Francisco, the finance head said […]
Jeremy Allaire of Circle, a peer-to-peer payments technology company backed by Goldman Sachs, spoke on the ‘Tokenisation of Everything’ today at MoneyConf in Dublin, the biggest fintech conference in Europe. Allaire clarified for newcomers that the cryptocurrency space was far wider than Bitcoin, going on to discuss privacy coins, stablecoins, and tokens used to sell […]
The Russian Association of Corporate Treasurers is joining the nation’s central bank in trialing the government-run Masterchain blockchain platform.
Crypto services company AlphaPoint announced it raised $15 million in its first major round of venture capital funding from Galaxy Digital.
Crypto Twitter isn’t letting the prospect of a downturn in prices get them down, rather they’ve turned a bitter price run into a digital kumbaya.
There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U.S. dollar. According to Tether, each Tether token is backed by one U.S. dollar, held in the full reserve of Tether. But the existence of the U.S. dollars pegging Tether has been called into question. Moreover, worries exist that Bitfinex […]
In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security. “… based on my understanding of the present state of Ether, the Ethereum network and its […]
A key aspect of modern society is its trust in reliable government and monetary systems. Government and central banks have been the guardians of the financial system. Ever since humans evolved from nomads, government and financial institutions have sought restrictions — to varying degrees — on choices available to individuals with their assets and currency. […]