The latest data from the U.S. Drug Enforcement Administration (DEA) suggests that Bitcoin and other cryptocurrencies are moving closer and closer to cutting their ties with the underworld, reports Cointelegraph. A recent interview with DEA special agent Lilita Infante highlighted the faults in the view that crypto assets are primarily used for illicit dealings. According…
According to the latest industry report by auditing firm KPMG, blockchain investment in the U.S. in the first six months of 2018 has already surpassed last year’s total, reports Coindesk. While the firm omitted exact numbers regarding overall investment, the report specified that two blockchain developers managed to raise over $100 million each in their…
Here are the top stories for each day in July 2018 in the cryptocurrency world (focus on U.S.): 1st – Investment into Overstock’s Cryptocurrency Exchange Causes Share Price to Rocket 2nd – IBM-Powered Blockchain Platform Completes First Live Trades Via Five Major Banks 3rd – The IRS Just Launched an International Coalition to Investigate Cryptocurrency…
Out of all the buzz surrounding crypto in Washington last week, a bold initiative spearheaded by the Consumer Financial Protection Bureau (CFPB) stood out as one of the biggest steps forward, reports CryptoSlate. In a press release held on July 18, CFPB director Mick Mulvaney announced the formation of a new office of innovation and…
In his latest column on CoinDesk, crypto expert Michael J. Casey examines whether the hype and hysteria cycles surrounding digital currencies today could pave the way for a major societal breakthrough. As Casey points out, crypto detractors are quick to compare the market’s recent growth to the Tulip Mania of the 17th century, the South…
Cryptocurrencies have what it takes to compete with fiat money and stand a good chance of surpassing it in the near future, according to a recent study. A collaboration between London’s Imperial College and the trading platform eToro examined the prospects of digital currencies against established forms of money, as reported by Cointelegraph. The study…
In a world where many regions face bleak prospects for the future, cryptocurrencies and other blockchain technologies could be used to improve the living conditions in third-world countries. While they are generally seen as a first-world commodity, Parul Gujral writes for The Market Mogul that blockchain technology could also be applied to developing countries in…
Here are the top stories for each day in June 2018 in the cryptocurrency world (focus on U.S.): 1st – IMF Official Calls for Regulation, Tech Adoption by Banks to Fight ‘Crypto Competition’ 2nd – Japan’s SBI Group Launched Cryptocurrency Trading Platform with Ripple 3rd – New York State May Launch a Cryptocurrency Task Force 4th – John McAfee…
As the Zcash Foundation prepares for its first gathering, owners of the project are hoping to clear the name of non-profits in the crypto industry, as reported by Coindesk. Other crypto organizations of the kind have a mixed reputation, as critics view them as little more than a potential tool for legal workarounds and nepotistic…
According to Circle CEO Jeremy Allaire, every fiat currency in the world is destined to have its crypto version. To speed up the process, Allaire told CNBC this week, he and his firm plan to unveil a virtual currency tethered to the U.S. dollar, an idea they dubbed the “USD Coin”. Thanks to sizeable investments…
