China- The Chinese government and the People’s Bank of China has over the course of the past months maintained stiff regulations on Bitcoin and cryptocurrency related products; especially ICO’s. However in a much predicted turn of events as characteristic of the Asian big wig; the country’s high court (The Court of International Arbitration) has ruled in favour of Bitcoin and cryptocurrencies. This verdict by the Chinese court, was necessitated by a case brought to its attention,…
Visa, popular payment processor and credit card service company has through its CEO expressed its openness to support cryptocurrencies in due time. The CEO who made his stance known on CNBC’s Mad Money show; has his company look to follow the lead of fellow financial service provider MasterCard, but only when the crypto market size grows. According to the company’s CEO Al Kelly, the Visa brand will implement cypto-friendly systems in the future if the global…
Sony, the Japanese technology giant has announced its creation of a multi-application contactless cryptocurrency hardware wallet. According to developers at Sony Computer Science Labs (SCSL), the device will utilize IC smart card technology to communicate with Bitcoin (BTC) or other cryptocurrency networks. A basic plus to the Sony wallet is its ‘contactless’ feature. By this feature, Sony discarded the common crypto hardware USB to host device feature and launched a totally independent hardware wallet which…
Mansion for sale – Roy Niederhoffer, New York resident and President of New York hedge fund R.G Niederhoffer Capital Management Inc is placing his 10,720 square foot mansion for sale. The six floors mansion located at 40 Riverside Drive in Manhattan was bought by Mr. Roy in 2013, for about $12.9 million. Five years after its renovation, he has reluctantly put up the mansion for sale at $16 million; with payment to be accepted in…
The Commodity Futures Trading Commission (CFTC) chairman, Christopher Giancarlo in a recent interview with CNBC expressed his view about cryptocurrencies and shared his believe that digital currencies will be here for the long term even if they may never achieve the goal of completely replacing fiat currency. Explaining the basis for his assertion, the CFTC boss stated that cryptocurrencies especially Bitcoin will achieve wide spread adoption in two-thirds of the world. In his words, I…
Popular English board game, Scrabble has included ‘Bitcoin’ as a playable word in its latest edition as featured on the Merriam-Webster’s Dictionary. Bitcoin was first added to the Merriam-Webster’s unabridged dictionary in 2016, however the Scrabble dictionary which is updated occasionally (Four years) had not included it previously and only just debuted Bitcoin in this latest update (Sixth version). This recent update to the scrabble dictionary also featured an addition of over 300 newly accepted…
Coinbase CEO Brian Armstrong in an interview with TechCrunch; while outlining the vision of his company and detailing the outreach of the crypto community to wider public; had made a bold statement affirming the big picture for the crypto industry. According to the crypto exchange boss, he predicts the number of people in the crypto sphere will grow actively from the current 40 million users to 1 Billion users in five years (2023). This affirmation by…
The nation of Uzbekistan has by a new presidential decree legalized cryptocurrency trading with licences to be issued to crypto exchanges subsequent to meeting a set of requirements; notably exchanges who wish to operate in the country will have to establish local subsidiaries and abide by local laws. President Shavkat Mirziyoyev who signed the decree is said to be focused on ways to boost the nation’s market economy hence, the turn to the growing and…
Goldman Sachs has refuted claims that it was abandoning plans to launch a trading desk for cryptocurrencies. On September 5 2018 news and rumoured reports filled the crypto space saying the Investment bank was calling off its crypto plans till an unknown date, this rumoured reports were suspected to have triggered the huge $15 billion crypto market cap wipe out, as most crypto-coins and tokens shed off double figures from their past week prices;…