virtual currency News

Twitter handle @cnLedger on November 25, 2019, quoted the People’s Bank of China’s (PBoC) newly released China Financial Stability Report 2019, where the apex bank stated that the Chinese regulators had clamped down on 173 cryptocurrency trading and token issuing…

In a bid to facilitate swift payments between BRICS countries, the BRICS Business Council has proposed the creation of unifying cryptocurrency in a forum in Brazil. The crypto asset will be used as a single payment system for settlements between…

According to a report by Bloomberg, published November 13, 2018, U.S. resident named Joseph Kim has been fined $1.1 million and sentenced to 15 months in prison for orchestrating fraudulent schemes related to bitcoin (BTC), and litecoin (LTC), thus duping…

While bitcoin is the world’s first decentralized digital currency and opened up the doors for a wave of digital assets, the concept of virtual currency and digital assets dates back much further than 2008. In this part of the ‘History…

With China long being a hub for Bitcoin operations and trading, it was not long until other countries in Asia started to take notice. Japan is the latest country to make headlines with their new Bitcoin regulations, making the cryptocurrency,…

The Council of the EU confirms the plans of the Commission to regulate both exchanges and wallet providers; this is a major step to an EU-wide regulation of the Bitcoin industry due June 2017. There has been no sign ever…

Sure, it is no news that money has long become digital. The plans to issue an “eKrona”, as the deputy governor of the Riksbank disclosed this week, however, are still exciting. Cecilia Skingsley, deputy governor of the Swedish Riksbank, recently…

Various countries are contemplating the idea of issuing their own national digital currencies. Rather than embracing cryptocurrencies such as bitcoin, these digital currencies would still be backed by a central bank. Senegal could become the first country to deploy this…

Both bitcoin and its underlying technology, the blockchain, have been hailed as a technological solution for a broad range of societal issues. Bitcoin can be used to make cheap remittances, pay for goods and services globally and mobile bitcoin wallets…

The number of cryptocurrencies in existence is quite significant already, and more are being added on a regular basis. Cross-Stratum Mutual Community, a UK-based company focusing on technology and finance, plans to issue their own digital currency soon. This project…