Author: Aaron Wood

Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts

The Chilean anti-monopoly court has sided with Buda cryptocurrency exchange, and ordered two banks to re-open their accounts. Major Chilean cryptocurrency exchange Buda has persuaded a court to order the re-opening of its accounts at two major Chilean banks, Bloomberg reports April 25. Chile’s anti-monopoly court published the ruling on its website, ordering state bank Banco del Estado de Chile and Itau Corpbanca to re-open Buda’s accounts while the exchange’s lawsuit continues against 10 banks, including the aforementioned two. Buda sued the banks after what it said was an “unjustified” closing of its accounts. Earlier this month, a group...

Read More

Spanish BBVA Becomes First Global Bank To Issue Loan Using Blockchain

Spanish multinational bank BBVA becomes first global bank to issue a loan using Blockchain technology. Banco Bilbao Vizcaya Argentaria (BBVA) became the first global bank to issue a loan using Blockchain technology, FT reports April 25. The Spanish multinational bank said it conducted the entire loan process, from the negotiation of terms to the signing, on a mutually distributed ledger that informed both the bank and the borrower of the loan’s progress. Using Blockchain reportedly cut the negotiation time for the €75 mln loan from “days to hours”. BBVA called the process a “significant advance in the exploitation of...

Read More

Macau Monetary Authority Issues Warning On Crypto Following Criminal Ties To ICO

The Macau Monetary Authority has issued a warning to public on crypto after was revealed that a Macau casino ICO had ties to Cambridge Analytica and a triad group. The Monetary Authority of Macau has issued a warning to the public regarding the possibility “fraud and criminal activities” in cryptocurrencies, the South China Morning Post reports April 20. The warning comes on the heels of revelations that Macua Dragon Group, a firm associated with Chinese gangster Wan Kuokoi, employed Cambridge Analytica to promote Dragon Coin, a new virtual currency for gamblers to transfer money to Macau casinos. Wan has...

Read More

Crypto ‘Doesn’t Pass Test Of What A Currency Should Be’, Says Likely NY Fed President

The expected next president of the New York Federal Reserve Bank said that crypto ‘doesn’t pass the test’ of what a currency ought to be. The expected next president of the New York Federal Reserve Bank said that cryptocurrency “doesn’t pass the the basic test of what a currency should be”, CNBC reports April 20. John Williams, who is currently the head of the San Francisco Federal Reserve Bank said in a speech Friday that a currency should be “basically something with a store of value.” He added that currencies need to be elastic in order to support varying...

Read More

Crimean Gov’t Considers Crypto Fund To Attract Foreign Investment, Avoid Sanctions

The Crimean government is considering founding a cryptocurrency fund in order to avoid sanctions in attracting foreign investment. The Crimean government is considering the possibility of creating a cryptocurrency fund for foreign investors in order to avoid sanctions, local meda TASS reported April 18. The Crimean Deputy Prime Minister Georgy Muradov, told a group of journalists on Wednesday: “We are discussing ways to avoid sanctions. One of these methods is the creation of a cryptocurrency investment fund in Crimea where we will accumulate cryptocurrency resources, transfer them to normal money, and then use them for the realization of any...

Read More

Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist

The Chief Scientist of Quebec, who advises policy makers on scientific matters, released a statement saying that concerns over the criminality of Bitcoin are overblown. The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18. The statement prepared by the l’Agence Science-Presse, which is a partner of Fonds de Recherche du Québec, said, “Bitcoin is not above the law, nor is it a magnet for illicit transactions: it forms only a tiny part of the criminal money circulating...

Read More

Suspect From Iceland Bitcoin Miner Theft Escapes Prison

A suspect in the infamous Bitcoin miner theft in Iceland earlier this year has escaped prison and fled to Sweden. A suspect being held in connection with a massive Bitcoin miner theft in Iceland earlier this year has escaped prison, local news the Iceland Monitor reports April 17. Sindri Þór Stefánsson escaped from from Sogni prison last night and police have confirmed that he fled Iceland to Stockholm, Sweden. The fugitive was reportedly using another man’s passport when he boarded a flight at Keflavik International Airport. By the time police ascertained that Stefánsson had boarded a plane to Sweden,...

Read More

Cambridge Analytica Reportedly Planned To Release Digital Currency

Cambridge Analytica, the data consultancy firm accused of improper access the data of millions of Facebook users, may have been planning to develop its own digital currency. Cambridge Analytica was planning to raise money by issuing a digital currency prior to becoming involved in a scandal regarding the misuse of data from Facebook, sources familiar with the matter told Reuters April 17. Sources say that Cambridge Analytica had consulted with a firm that advises companies on how to structure Initial Coin Offerings (ICOs).  While it is unknown if the data analytics consultancy is still pursuing plans to develop a...

Read More

Bloomberg: Barclays Asking Clients About Crypto Trading

International investment bank Barclays is reportedly testing the waters among clients as to whether to open a cryptocurrency trading desk. International investment bank Barclays has been reviewing the possibility of opening a cryptocurrencies trading desk, sources familiar with the matter told Bloomberg April 16. According to the sources, Barclays has only conducted a preliminary assessment of whether client interest is sufficient. Sources told Bloomberg that they would rather remain anonymous, as the information has not yet been made public. Due to the “novelty of the asset class, risk and compliance requirements”, opening a crypto desk would require approval from...

Read More

Local Authorities Approve Lease For Bitmain Subsidiary In Rural Washington

Bitmain subsidiary Ant Creek LLC gets go-ahead on reduced scale mining project in rural Washington, US. Port of Walla Walla, Washington commissioners have unanimously agreed to embark on a land lease and purchase option for 10 acres to be used for cryptocurrency mining project by Bitmain subsidiary Ant Creek LLC, local news Union Bulletin reports April 13. The decision to award the permit followed an hour and a half of spirited public debate, after which the commissioners unanimously agreed to award the option for 10 acres, but withheld the option for the sale of 30 additional acres. The commissioners...

Read More

Free Price Analysis Tools

  • Bitcoin9240.34
    1h %
    0.2%
    24h %
    3.89%
    7d %
    10.64%
  • Ethereum655.195
    1h %
    -0.13%
    24h %
    3.91%
    7d %
    14.01%
  • Click here for more price analysis tools & charts, and more currencies

    Get This Course Free

    Beginner’s Course & Quick Guide

    Free Masterclass

    Discover The Future Of Money, In Detail

    In this free masterclass, discover:
    • Best Bitcoin & Cryptocurrency Investment Strategies (And The Wonderfully Shocking Future Outlook)
    • Why Cryptocurrencies Will Someday Replace“Normal” Money Completely
    • How The Biggest Transfer Of Wealth In World History Will Happen Soon (Are You In Or Out?)
    Click here to get started, its free!

    Free Your Mind: Redefine & Demystify “Money”

    Free Webinar

    Free Masterclass