Category Archives: Crypto News

Bitcoin: Eight Years On And Still Going Strong

How It Started The 22nd May 2010 was a momentous occasion when the very first Bitcoin and product exchange happened. The items purchased – two Papa John’s pizzas. Because of this transaction, today is widely known as Bitcoin Pizza Day. The two pizzas cost a mere 10,000 Bitcoins and saw the start of the Cryptocurrency industry. In those days, the pizzas would have cost programmer Laszlo Hanyecz $25. However, this equates to $5.12m in today’s currency exchange rate. And during Bitcoin’s peak in December 2017, the pizzas […]

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Startup Aims to Make Blockchain Mainstream With Brick and Mortar Stores

sponsored A startup plans to bring cryptocurrencies and blockchain to the masses by opening brick-and-mortar stores in global cities where people can open a crypto account, trade digital currencies, and onboard digital financial services. Ubanx, a crypto startup, plans to bring digital currencies to the real world and accelerate their mass adoption by opening brick-and-mortar stores in cities around the world, in order to give everybody an opportunity to understand and embrace the emerging world of crypto. Even before it opens its first retail store, Ubanx is […]

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Nobel Prize Economist Says That Crypto the Latest in a Pattern of Alternative Currencies

Nobel Prize-winning economist Robert Shiller says that cryptocurrency is ‘nothing new,’ and is the contemporary iteration of an old idea. In a May 21 article entitled “The Old Allure of New Money,” the 2013 Nobel laureate of Economics Robert Shiller calls crypto the newest iteration of alternative currency ideas. Shiller outlines the various types of alternative currency that have existed throughout history, saying that, “New ideas for money seem to go with the territory of revolution, accompanied by a compelling, easily understood narrative.” Shiller first refers to […]

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South Carolina Issues Cease-And-Desist Order to Blockchain Startup for Statutes Violation

A South Carolina securities regulator has issued a cease-and-desist order to a blockchain startup for violation of the state’s securities statutes. On May 21, blockchain startup ShipChain was issued a cease-and-desist order from the South Carolina Attorney General’s Office for violating the state’s securities statutes. According the official notice, the company continuously offered investment opportunities to residents of South Carolina on its platform through its corresponding tokens, both on its website and at in-person events in South Carolina. ShipChain was allegedly unregistered with the Securities Division of […]

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Argentinian Bank Now Using Bitcoin For Cross-Border Transactions

Argentinian Banco Masventas has partnered with a blockchain-based financial services provider to use Bitcoin as an alternative for international payments. Argentinian Banco Masventas (BMV), has announced a partnership Bitex to enable clients to use Bitcoin for international payments as an alternative to SWIFT, according to a Facebook post May 21. Bitex is a blockchain-based financial services provider based in Latin America. According to BMV, the new service allows customers to transfer money from account to account in less time than traditional bank transfers. BMV states that the […]

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US: Crypto Could Pose a Problem for Candidates Seeking Security Clearances

The US Department of Defense is uncertain on how to proceed with processing security clearances of candidates who hold crypto assets. The recognition of Bitcoin as a form of foreign currency could potentially have an impact on decisions in recruiting new employees to the US Department of Defence (DoD), Bloomberg reported May 22. The Pentagon’s chief concern is whether investment in cryptocurrencies indicates criminal intent or constitutes an increased predisposition toward risky personal behavior. This could detrimentally affect a job candidate’s profile should the DoD be considering […]

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Bitcoin Pizza Day: 8 Years Later – Where Can You Buy Pizza With Bitcoin?

Bitcoin Pizza Day – how Laszlo Hanyecz paved the way for Bitcoin’s success as a working, trustless, decentralized transactional system. Bitcoin Pizza Day is celebrated annually by the Bitcoin and cryptocurrency community – marking an important, yet comical milestone for the virtual currency. 8 years ago, a user paid for two pizzas using Bitcoin, in what is hailed as the first ever instance that the cryptocurrency was used to pay for goods. The moment is immortalized online in a Bitcointalk.org forum, where a programmer called Laszlo Hanyecz […]

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Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure

Bitcoin is struggling following Blockchain Week and increased regulatory concerns, all other major tokens also in the red. Cryptocurrencies continue to slow down today as all major coins are in the red on Tuesday. Bitcoin (BTC) is struggling for gains above $8,500 following concerns over increased regulation according to Naeem Aslam, chief market analyst at Think Markets: “The recent selloff has come from the news out of China that the ICO [initial coin offering] market is still very active and there are fears that China will further […]

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Chinese Inventions: Gunpowder, Paper And AChain

sponsored A strange story of a blockchain project that does what it promised, delivers on its roadmap, has a working product, yet is nearly unknown. Remember the famous opening scene from “Saving Private Ryan” – where wave after wave of landing allied troops were cut down by machine gun fire? Did you ever realize that the average blockchain project stands a worse chance of survival than an Allies infantryman on Omaha Beach? According to official data published by the White House, of the 24,000 soldiers who participated […]

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Russian State Duma Almost Unanimously Approves First Reading of Crypto Industry Bill

Russian laws determining cryptocurrency to be digital property have passed their first parliamentary reading, with just one deputy voting against them. Russia’s parliament the State Duma approved the first reading of new laws regulating the crypto industry Tuesday, May 22. The laws define cryptocurrencies and tokens as property, and lay out specifications for interacting with crypto and blockchain-related technologies.   The bill, “On Digital Financial Assets,” which has been under consideration since last year with a final deadline due July 1, deals with cryptocurrencies, as well as blockchain-related […]

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