The National Bank of Ukraine (NBU) has said it is “considering” introducing a digital version of its national currency, the hryvnia, that is not based on Blockchain, at least for now. The central bank reported in a Facebook post Thursday Jan. 11 that it is studying “new and innovative technologies”...
Cryptocurrency purists have always judged new coins by a few important factors. On top of that list has always been decentralization. However, one of the bigger coins in the cryptocurrency market has been hiding in plain sight with its centralized nature. But, its recent boom that saw it finish...
With the rise of interest that hit its peak in late 2017 surrounding cryptocurrencies, it was only a matter of time before the regulators and their kin got stuck into the cryptocurrency world. Banks, central banks, regulators and other financial institutes are racking their brains about this phenomenon, and...
As crypto becomes more popular the number of cyber criminals looking for some easy pickings will increase. Online scams are nothing new but the nature of cryptocurrencies means that those without the technical expertise will be additionally vulnerable. Banks and credit card issuers have acknowledged this which may be...
It may be hard to believe, but two billion people in the world still do not have a bank account.  Most of them live in low and middle income emerging markets, but even in high-income countries, large numbers of people are unable to use banks to meet their day...
Portugal’s Central Bank Director Hélder Rosalino said that he didn't consider cryptocurrency a currency or legal tender and hinted that the Central Bank of Portugal has a similar position. His views are in line with many countries around the world, including the US where “a cryptocurrency does not have legal...
Everyone, even the biggest skeptics of Bitcoin and other cryptocurrencies have all had their positives to say about the underpinning Blockchain technology which has the potential to change the world. However, it has been 10 years since Blockchain technology came into the open, and yet we still don’t really...
The Federal Reserve Bank of New York published an interview on their site Friday, Feb. 9, in which two of its economists explain cryptocurrency, highlighting crypto’s “trustless” nature, but expressing doubt that cryptocurrency could ever “realistically compete with current payment methods.” Michael Lee and Antoine Martin, both economists in the...
Banks in the UK are giving mixed signals to cryptocurrency investors. Some have announced that they will no longer allow purchases to be made for digital currencies such as Bitcoin and Ethereum using their credit cards. Meanwhile, others have stated that they will enforce no such ban and as...
On the list of anti-cryptocurrency countries, Poland has never really stuck out. In fact, there has been enough evidence to suggest that the Eastern European country was moving towards embracing Bitcoin and Blockchain technology. However, a recently uncovered smear campaign by the NBP (National Polish Bank, or Central Bank) has...