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According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms … Read more
Stablecoins are the newest frontier in the crypto industry, and IBM is the latest company that wants to challenge Tether for market share. The computing giant is exploring the possibility of issuing a new stablecoin that will be pegged to the US dollar in a bid to provide an alternative to crypto volatility. IBM has … Read more
Barclays Bank is the latest in a long line of companies that have filed blockchain-related patents as they seek to gain an edge on the newest technology frontier. The London-based financial services giant filed the two patents with the U.S. Patent and Trademark Office on July 19, with the first detailing a blockchain-based currency system … Read more
A growing number of big-name insurers are getting into the crypto space. They are exploring new product options in this area and meeting with cryptocurrency custodians and trading platforms about coverage. However, exclusions can add up fast for crypto businesses and premiums can be more than five times that of a normal business. Also read: Yahoo! … Read more
Spanish bank BBVA signed a new blockchain-powered loan, having completed the first global blockchain-based pilot on loans and corporate finance Go to Source Powered by WPeMatico
Bitcoin has no intrinsic value, and those who invest in it only do so in the belief that they’ll find a greater fool who’ll buy it at a higher price. This is according to billionaire investor Howard Marks who in a recent interview tore into Bitcoin, stating that it does not have any substance. His … Read more
Cryptocurrencies are getting more attention every day, it seems, as the Financial Stability Board (FSB) announced on Monday that it had put together a standardized framework with which to monitor cryptocurrency assets. This body was called upon by the G20 Ministers of Finance and the Central Bank Governors to report by the end of July … Read more
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies … Read more
When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers have started to look into purchasing shares of banks and even becoming the banks themselves. … Read more
CFA Institute, with over 150,000 members, is adding cryptocurrency topics to its curriculum for the first time. The course material will be released in August. A record 227,031 people in 91 countries and territories reportedly registered to take CFA exams this year. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Added to CFA … Read more