Twitter’s Jack Dorsey endorses bitcoin hoping it will become the internet’s ‘native currency’ May 18, 2018 Twitter chief executive Jack Dorsey endorsed bitcoin at the cryptocurrency conference Consensus in New York saying that it should be the official currency of the internet. Dorsey, who is also chief executive of the mobile payment service Square, has now become a public supporter of cryptocurrencies saying he is a “huge fan” of the growing [...]
Microsoft follows Twitter, Facebook and Google in banning cryptocurrency advertising May 17, 2018 Microsoft has become the latest silicon valley firm to ban cryptocurrency advertising on its search engine Bing. It follows a number of other silicon valley giants, including Facebook, Twitter and Google also taking the same measures earlier this year. Read more: Bitcoin is down after Twitter announced a clampdown on crypto advertising The company’s advertiser [...]
Goldman Sachs to open bitcoin trading desk as it wades into crypto world May 3, 2018 Investment banking giant Goldman Sachs is set to launch a bitcoin trading desk – a first for a major Wall Street bank. “In response to client interest in various digital products, we are exploring how best to serve them in the space,” a Goldman Sachs spokesperson said. Goldman will not initially buy or sell actual [...]
The UK’s cryptocurrency trade body is urging MPs to regulate the industry | City A.M. May 1, 2018 British cryptocurrency platforms are calling on a group of influential MPs today to support proposals to regulate the industry in the UK. CryptoUK, a self-regulated trade body of seven exchanges, is working to make the cryptocurrency sector more legitimate and transparent. The group set out the plans as part of a written response to the [...]
Ready to regulate: Why crypto and the City need each other April 30, 2018 The financial services sector is rife with inefficiency. The global financial system moves trillions every day and serves billions of people in the process, yet legacy technology and siloed systems make change immensely slow, if not impossible. The majority of core banking systems are over 30 years old, and almost half of financial intermediaries suffer [...]
Initial coin offerings are a good lens through which we can view the issues challenging regulators and market participants April 25, 2018 The question of whether the blockchain will end up as nothing or everything continues to be asked with no definitive answer. With the price of bitcoin bouncing around, and the mass media moving on from breathlessly covering the issue, it may look like the revolution has stalled. Initial coin offerings (ICOs) are a good lens [...]
Meet the crusader who is trying to convince the world that cryptocurrency is necessary April 23, 2018 Charles Hoskinson is a peculiar protagonist for a revolution. The American does not look much upon introductions. When one envisions a billionaire, an image not dissimilar to a sharp-suited Gordon Gekko of Wall Street ordinarily springs to mind. In Hoskinson’s case, he seems positively the opposite. Softly spoken and unshaven, he wanders to our interview [...]
International Monetary Fund’s Christine Lagarde warns of blockchain disruption to clearing and settlement industries April 16, 2018 The influential head of the International Monetary Fund (IMF) today warned that the blockchain technology underpinning cryptocurrencies threatens to cut a swathe through the financial infrastructure industries. In a blog posted today on the IMF’s website, Christine Lagarde highlighted smart contracts, which carry out transactions automatically without intervention from an external party, as one of [...]
Bitcoin price (BTC) is above $8,000 after yesterday’s spike, but analyst warns price could fall again April 13, 2018 Bitcoin is back above $8,000 after climbing more than $1,000 in less than an hour yesterday. The cryptocurrency’s price soared past $7,000 and $8,000 for the first time in more than two weeks in its biggest jump of the year so far, but it edged back to trade between $7,600 and $7,800 for the rest [...]
Litecoin is trying to issue debit cards again April 12, 2018 The Litecoin Foundation partnered with TenX, a startup cryptocurrency payment platform, to try offering debit cards. This is the Litecoin Foundation’s second foray into plastic after a largely hyped up but failed venture last month when its payment processor LitePay ceased operations. “TenX recently added LTC to their wallets, and we are working with them [...]