The central bank of Israel has published a summary of the work of its interdepartmental team to examine central bank digital currency and its eventual use in the country’s financial system. The research found there are no proper grounds for a decision to recommend issuing digital currency as of yet. Israel’s Central Bank Report Weighs Benefits…
The Fair Political Practices Commission, California’s campaign watchdog arm, has voted 3-1 to ban political donations with any cryptocurrency, including Bitcoin, because of transparency issues. The vote follows similar decisions made by other states in the country such as South Carolina. Others, like Colorado and Montana, allow cryptocurrency donations with restrictions. In May 2014, the Federal Elections…
After a day of relatively large gains, the overall cryptocurrency markets has held steady and have not yet surrendered their recent gains to the bears. Despite its apparent stability at its current price levels, there could be further losses to come according to one analyst. At the time of writing, Bitcoin is trading up 3% at…
Online Swiss bank Swissquote announced the launch of its ICO offering, becoming the first bank worldwide to allow customers to buy tokens issued within an initial coin offering (ICO) supported by the Swissquote platform. Swiss Diamond Producer Set to Raise $60.73 Million in First Bank-Mediated ICO Ever As the financial industry adapts to the emerging…
Billionaire Bitcoin enthusiast Tim Draper remains confident that the dominant cryptocurrency will reach his famous $250,000 price target by 2022. Tim Draper Expects Crypto Age to be ‘Bigger Than the Internet Ever Was’ The venture capitalist known for his early stakes in Tesla, Skype, and Hotmail, was interviewed by TheStreet at the Crypto-Finance-Conference in California. The talk…
Looking back at 2013 it will come as no surprise that bitcoin (BTC) was number one in the top 10 measured by market capitalization (and about every other metric). It is a position that BTC has maintained, from the time the first competing altcoin - Namecoin - was launched in 2011 until today. The list…
The U.S. Securities and Exchange Commission (SEC) has announced the launch of the Strategic Hub for Innovation and Financial Technology (FinHub) to promote public engagement on fintech-related issues and initiatives, including blockchain technology and cryptocurrencies. SEC Launches FinHub Portal in Connection with the Issuance of Its DAO Report FinHub, which replaces several internal working groups at…
Famed finance author Ric Edelman has said that crypto is still in the very early stages, comparing it to the internet right before the big boom. The crypto market which is a little over a decade old has grown exponentially in its short time in existence. At its highest, the market grew to $3 trillion…
Earlier today, the owner of the non-fungible token CryptoPunks #6046 declined a bid of $9.5 million dollars in Ethereum (ETH), which would have been the highest on-chain NFT transaction to date. The bidder, who goes by an ENS of poap.eth, placed the record-setting bid after the CryptoPunks owner tweeted: “My punk is not for sale.…
Grayscale Investments, known for its Grayscale Bitcoin Trust (GBTC), is planning on filing an application to convert its flagship fund into a spot ETF early next week. Grayscale, which has been the dominant player in the digital asset space, is now looking to revamp its fund due to competition. First Bitcoin Futures ETF Set to…