Month: January 2018

Visa CEO: Bitcoin is Not a Payment System

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Visa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has had very little to say about Bitcoin, preferring to focus on matters within its own domain. In … Read more

Mark Cuban’s NBA Team Mavericks to Sell Tickets for Bitcoin “Next Season”

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The NBA has hundreds of millions of fans all over the world, and at least some of them will soon be exposed to the mainstream use of cryptocurrency for payments for the first time. This is thanks to one famous team owner that now promises that bitcoin can be used to buy tickets starting the … Read more

Ethereum Network Congestion Forces Exchanges to Halt Withdrawals

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Scaling problems that have been sporadically affecting the Ethereum network have resurfaced. While bulls and bears were battling it out in the markets, the Ethereum blockchain was fighting to restore some semblance of normal service. The congestion forced a number of exchanges to halt withdrawals, with one going so far as to advise customers to … Read more

St. Louis Federal Reserve Reps in Favor of Cryptocurrencies

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Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St. Louis have recently published an article that emphasizes many of the benefits of cryptocurrencies. The article states “that cryptoassets are well suited to become an important asset class,” in addition to offering praise regarding a number of the major applications associated with cryptocurrencies. … Read more

Chinese Government Cracks Down on Cryptocurrency Trading

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China lost its dominant position in the cryptocurrency ecosystem quite some time ago. For many level-headed people, any decision by the Chinese government will have no major impact whatsoever. At the same time, most markets will still respond negatively to any regulatory news originating from China. Thanks to the government’s latest effort to crack down on the trading … Read more

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