Gold Miner Pivots: Backs Blockchain Company and Starts Mining Bitcoin

A Canadian mining guru, Frank Giustra, has begun mining bitcoin and other cryptocurrencies instead of just gold. He has recently backed a Vancouver Blockchain company, called Hive Technologies Inc., to oversee these mining operations and offer first-ever mining stock options. A Bloomberg article said, “The company he’s backed, Vancouver-based Hive Blockchain Technologies Inc., is among… Continue reading Gold Miner Pivots: Backs Blockchain Company and Starts Mining Bitcoin

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting with members of the Moscow Capital Club… Continue reading Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

JPMorgan Launches Interbank Payments Platform on Quorum Blockchain

Wall Street banking giant JPMorgan Chase is launching a new interbank payments platform powered by blockchain, the firm announced today. With the participation of two other banks – Australia-based ANZ and the Royal Bank of Canada (Australia) – the Interbank Information Network (IIN) will be built on Quorum, the ethereum-based blockchain network first unveiled last… Continue reading JPMorgan Launches Interbank Payments Platform on Quorum Blockchain

Canadian Securities Commission Keen to Support Cryptocurrencies and ICOs

The Ontario Securities Commission recently declared that it is “keen to support” cryptocurrencies and initial coin offerings (ICOs). In addition to its service to help businesses comply with securities laws, it has established a dedicated team to respond quickly to cryptocurrency offerings. Keen to Support Cryptocurrencies and ICOs The Ontario Securities Commission (OSC) is the… Continue reading Canadian Securities Commission Keen to Support Cryptocurrencies and ICOs

Swedish Officials Settle First Debt in Bitcoin

Swedish officials with the Swedish Enforcement Authority has settled a debt with bitcoin. This is the first time the enforcement agency in the country accepted bitcoin as payment rendered for debt owed to the State. New Asset For Use by the Swedish Enforcement Authority An officer working with the authority said bitcoin is a new… Continue reading Swedish Officials Settle First Debt in Bitcoin

Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading

Japan has emerged as the largest market for bitcoin trading by volume. This represents a shift from the market dominance controlled by China as a result of the Chinese government blanket banning exchange platforms. Japan, along with South Korea to some extent, now represent major hubs of crypto-finance across the globe. According to recent data… Continue reading Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading

Vanuatu Becomes First Nation to Accept Bitcoin in Exchange for Citizenship

The South Pacific island nation of Vanuatu has become host to the world’s first government to accept bitcoin in exchange for citizenship. Vanuatu’s citizenship program costs $200,000 USD, meaning that at current prices the residency program costs less than 41.5 bitcoins. As Vanuatu is a member of the Commonwealth of Nations, the citizenship program grants… Continue reading Vanuatu Becomes First Nation to Accept Bitcoin in Exchange for Citizenship