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Amidst a national narrative in which cryptocurrency is sometimes endorsed and sometimes disparaged, President Vladimir Putin has confirmed at least one emerging truth about cryptocurrency moving forward in the Russian Federation.
The potential opening of a Fidelity Investment cryptocurrency exchange begs the question of how money designed to be independent of banks could be affected by the introduction of an institutional interloper.
Bancor’s #100Tokens promotion – in recognition that the network has “activated” its hundredth token – has many questioning why it would be conducted on Twitter, which has often been the tool of scammers seeking to take advantage of the unsuspecting.
South Africa’s central bank has published the findings of a 14-week distributed ledger project that simulated interbank transfers between itself and the commercial banking community within South Africa.
A new bill in New York would create a pilot program enabling up to ten of the state’s communities to create their own cryptocurrencies. The program is an effort to keep money from leaving local economies.
Insured to a degree against theft or loss, the proposed VanEck SolidX Bitcoin Trust ETF aims to assuage the SEC’s concerns about cryptocurrency-linked financial products. The ETF would use a price index based on over-the-counter cryptocurrency trading desks located in the US, as opposed to the prices generated through trading activity on cryptocurrency exchanges.
In the last year, initial coin offerings attracted billions of dollars in cryptocurrency capital from retail investors. Some folks have hailed ICOs as democratizing startup investment opportunities, but the system is not without its flaws.
The US government agency responsible for oversight of the telecommunications industry has put out a call for all “interested stakeholders” to submit ideas for improving the industry through digital advancements.
The “split decision” between Indonesia’s central bank and its futures authority regarding cryptocurrencies reveals a challenge that a number of nations will face: how to embrace cryptocurrency without the support of the banks.