Future Mainstream Spending Possibilities For Bitcoin

Future Mainstream Spending Possibilities For Bitcoin

Looking at cryptocurrencies as investable assets has become the norm nowadays, and with good reason. More than becoming any sort of viable alternative to traditional fiat currency, cryptocurrencies have instead become commodities that we can buy, hold, and sell in the hopes of financial gain. This is at least partly because of Bitcoin’s early failure to go mainstream, however, and in this regard we shouldn’t necessarily expect things to stay the same. While some understandably…

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Featured: A Dive into the Whitepaper of Facebook’s Cryptocurrency Libra

Featured: A Dive into the Whitepaper of Facebook’s Cryptocurrency Libra

Just recently, Facebook released the whitepaper of its new cryptocurrency Libra. The whitepaper is long but not as long as many other blockchain projects. We read the document line by line to find out what Facebook and the Libra Association (the non-profit behind the Libra cryptocurrency) are planning for the world. In June, the Libra stablecoin has made its way to mainstream media; the sole reason for this is that it has the well-known company…

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Nouriel Roubini Takes on Crypto in Front of the U.S. Senate

Nouriel Roubini Takes on Crypto in Front of the U.S. Senate

Nouriel Roubini has warned and predicted the Global Financial Crisis (2007-2009), and consequently earned a reputation of a world-renowned economist. This week, he testified before the U.S. Senate Committee on Banking, Housing, and Urban Affair regarding cryptocurrency and blockchain technology; not surprisingly it has correlated with his prior caustic anti-crypto stance. His testimony is all about how blockchain technology cryptocurrencies are over-hyped, and how they are the source for various scams. He has found that lots…

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Australia Wants to Explore Blockchain Technology with “Smart Money” App

Australia Wants to Explore Blockchain Technology with “Smart Money” App

The use of blockchain technology has become a trend for various digital solutions. Recently, Australia has started undergoing an innovative process to make out the hidden potential in this modern technology. Its primary target is to develop “Smart Money,” and this money will be applied to the National Disability Insurance Scheme. Commonwealth Bank and CSIRO’s Data61 have made a joint effort for the creation of an app to get success in their trial process. CSIRO…

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IBM Launches a Blockchain-Powered Global Food System

IBM Launches a Blockchain-Powered Global Food System

On October 8th, IBM announced on its chain of food supply network, the IBM Food Trust. This is a blockchain-based global food system that will offer every participating grower, retailer, and supplier with the necessary information and data to ensure better transparency, traceability, efficiency, and effectiveness of individual food products. The cloud-based network by IBM has been launched after months of testing. During this phase of research, millions of food products have been tested to…

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A New Scam Targets People who Use Bitcoin ATMs

A New Scam Targets People who Use Bitcoin ATMs

If you haven’t heard about the scam involving cryptocurrency, where victims were robbed of tens of thousands of dollars from a Bitcoin ATM, then brace yourself. Today, we will talk in detail about scammers who stole from four people as much as $50,000. The victims in this fraud were forced to use a Bitcoin ATM under the false pretext that they are conducting tax fraud and will be sentenced to jail if they don’t pay…

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Senior U.K. Government Official: Blockchain Can Solve Brexit’s Irish Border Problem

Senior U.K. Government Official: Blockchain Can Solve Brexit’s Irish Border Problem

The representatives on either side of the Brexit discussions are yet to decide on the future of the border between the Republic of Ireland and Northern Ireland. Even though the British Chancellor of the exchequer Philip Hammond admitted that he lacks the necessary knowledge about the use of blockchain technology, he went ahead to say that this is the future. Mr. Hammond additionally said that blockchain technology is not only a secure but also a…

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Malta’s Prime Minister at the UN: Cryptocurrencies Are the Future of Money

Malta’s Prime Minister at the UN: Cryptocurrencies Are the Future of Money

Joseph Muscat, the current Prime Minister of Malta, gave a speech at the United Nations, and used his position to mention the potential that cryptocurrencies have. He went ahead and called them the inevitable future of money; he further stated and agreed on the fact that there is no denying the ways cryptocurrencies are being used for global trade and is undoubtedly the future of money. Malta is a country that has been firmly embedded in…

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Crypto Coalition hires D.C. Lobbyists; Pays in XRP

Crypto Coalition hires D.C. Lobbyists; Pays in XRP

Financial technology companies are forming a group that includes lobby lawmakers and regulators of the cryptocurrencies, and they are planning to pay their advocates in Washington partly in the form of digital coins. Almost every firm that is based in San Francisco is involved with the digital money transfer. On Thursday this week they plan on declaring their coalition and how they will continue to keep the Johnson Group, which is a bipartisan lobby shop…

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U.S. Congress Members Ask the SEC Chairman for Clarity on Crypto Regulations

U.S. Congress Members Ask the SEC Chairman for Clarity on Crypto Regulations

Jay Clayton, the SEC Chairman, was bombarded with letters from the members of Congress to give them a clear picture about the regulations on cryptocurrencies. The Congress members feel that the chairman should be more clear and vocal about the cryptocurrency regulations. The majority portion of the cryptocurrencies are treated in the same manner as stocks. However, the agency made it a point to clarify that both Ethereum and Bitcoin are commodities and are under…

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