Tag Archives: Cryptocurrencies

This Brazilian Bank Is Using Ethereum to Issue a Stablecoin

This Brazilian Bank Is Using Ethereum to Issue a Stablecoin

A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency. Revealed exclusively to CoinDesk, the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain and is backed 1-for-1 by Brazilian real. The […]

Crypto Assets on Gibraltar Blockchain Exchange Can Now Be Insured

Crypto Assets on Gibraltar Blockchain Exchange Can Now Be Insured

The Gibraltar Blockchain Exchange (GBX), a subsidiary of the island’s stock exchange, is now providing insurance coverage for crypto assets listed on its platform. The firm announced Monday that it has partnered with a local provider called Callaghan Insurance to provide the policy to cover both hot (online) and cold (offline) wallets listed on the […]

Bitcoin Transactions Hit Record High In Venezuela: Petro Goes Up 150%

Bitcoin Transactions Hit Record High In Venezuela: Petro Goes Up 150%

Venezuelans continue to find refuge in cryptocurrencies and especially the mainstream digital assets like Bitcoin (BTC). According to data released by Coin Dance, transactions in BTC in the country reached 1,284 BTC ($5.1 million). The transactions are mainly carried out on Localbitcoins, a P2P platform. The president of Venezuela, Nicholas Maduro last week raised the minimum wage […]

Crypto Custody? State Street Is Waiting on a Client Shift, Exec Says

Crypto Custody? State Street Is Waiting on a Client Shift, Exec Says

State Street, one the largest institutional custodians on the planet, said there is no sense of urgency – at the moment, at least – from clients for the firm to move into safeguarding crypto assets. Speaking at the American Banker BlockFS conference in New York on Thursday, Jay Biancamano, State Street’s managing director for digital product […]

A Site Enabling Anyone to Buy Bitcoin Using 300 Payment Methods Says the Demand is Growing

A Site Enabling Anyone to Buy Bitcoin Using 300 Payment Methods Says the Demand is Growing

A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle the issues people have in earning and transferring their money freely. Paxful was launched in 2015, and has the goal […]

Virtual Coin | The History of Bitcoin’s Predecessors

Virtual Coin | The History of Bitcoin’s Predecessors

To understand cryptocurrency, you first need to understand the history of the virtual coin. Virtual coin, or digital currency, differs from traditional fiat currency in that there is no physical representation to accompany each unit of value. Long before the crypto craze of 2017, there were the pioneers of electronic cash. These early financial freethinkers […]

Ohio ‘Appears’ to Be First US State to Accept Bitcoin for Taxes, WSJ Report

Ohio ‘Appears’ to Be First US State to Accept Bitcoin for Taxes, WSJ Report

The U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) as tax payment, the Wall Street Journal (WSJ) reports today, Nov. 25. As the WSJ writes, the move initially applies only to businesses, with plans to extend the offering to individual taxpayers in future. Starting this week, Ohio-based businesses will be […]