Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Bloomberg, citing Siim Sikkut, an official who heads up the information technology strategy for the Eastern...
Wyoming is trying to position itself as a leader in cryptocurrency and one of the friendliest states when it comes to legislation around crypto companies. According to a report in Bloomberg back in March, Republican Governor Matt Mead signed into law legislation on limited liability...
The government of India is reportedly taking a different approach to regulating cryptocurrencies, mulling over an 18 percent Goods and Services Tax (GST) on trading the digital coins, The Next Web reported. According to the report, citing Bloomberg, the Central Board of Indirect Taxes and Customs...
Count one more (alleged) cryptocurrency scam on the global stage. Reuters reported Friday that in South Africa, an investigation has been opened into a ruse that parted investors from as much as $80 million of the money with what the newswire termed “huge returns” that...
Traders may be manipulating the price of digital currencies, including bitcoin. Bloomberg reported that the Justice Department has launched a criminal probe to determine whether traders are engaging in illegal practices, such as spoofing and wash trading. In spoofing, cheaters flood the market with fake...
Coinbase, as well as one other cryptocurrency company, has held talks with regulators in the U.S. about securing a banking license. The Wall Street Journal, citing a person familiar with the matter, reported Coinbase, the operator of the largest cryptocurrency exchange in the U.S., held...
JPMorgan, it seems, is underway with inching into cryptocurrencies. Among the first shots across the bow of making things official? Creating an official position. Fortune, citing Financial News, reported Thursday (May 17) that the firm has established a position to be known as “Head of...
In the future, Square CEO Jack Dorsey thinks that the internet deserves a “native currency.” If that were to happen, he is rooting for one particular currency, CoinDesk reported: “I hope it will be bitcoin,” Dorsey said at a cryptocurrency conference in New York on Wednesday...
Bitbond, a German online bank that lets clients transfer loans around the globe using bitcoin, has officially launched. It was licensed as a bank in 2016 and has gained many more investors since then. Reuters, citing founder Radoslav Albrecht, reported that Bitbond uses cryptocurrencies like bitcoin to get...
