Category: Cryptocurrencies

South Africa’s Central Bank Calls Crypto ‘Cyber-Tokens’, Not Currency

The South African Reserve Bank, the central bank of the Republic, has chosen to call digital currencies “cyber-tokens” because they “don’t meet the requirements of money,” Bloomberg reported May 24. Francois Groepe, Reserve Bank Deputy Governor, explained the position of the bank: “We don’t use the term “cryptocurrency” because it doesn’t meet the requirements of […]

Crypto Could Pose a Problem for Candidates Seeking Security Clearances

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 […]

Roger Ver and Mate Tokay from Bitcoin.com Join A New Fintech Startup Advisory Board

Bitcoin.com’s CEO Roger Ver and COO Mate Tokay have become advisors to a fintech startup MoneyToken, as reported in MoneyToken’s announcement. The partnership between MoneyToken and Bitcoin.com may bring new benefits to the Bitcoin Cash (BCH) community, as BCH will be available as accepted collateral on the MoneyToken lending platform, says the joint press release. […]

Colorado Proposes Accepting Cryptocurrency for Political Campaigns

Political candidates in Colorado could soon accept Bitcoin or other digital currencies for their campaigns, according to reports by the Denver Post on May 17. Secretary of State Wayne Williams made the proposal for allowing donations of cryptocurrencies in political campaigns in draft rules presented on May 16, the Denver Post reports. The US Federal […]

Newly Formed Blockchain Association Aims for Dialogue With Government

Six public and private Colombian companies have joined forces to launch the Colombia Blockchain Association, Spanish news agency EFE reported May 17. The Association describes itself as aiming to support the country’s crypto and blockchain ecosystems and to advise the national government on matters concerning regulation of the crypto sphere. The companies involved are Buda […]

Swiss Government Requests Study on State-Backed Digital Currency

The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported May 17. The Federal Council moved to investigate the subject at the prompt of Swiss lawmaker and vice-president of the Social Democratic Party, Cedric Wermuth. […]

Bitcoin Price Can Hit Previous Highs After ‘Structure’ Improves: CoinShares CEO

UK cryptocurrency investment products and research provider CoinShares believes Bitcoin will hit previous highs after people “build” on the ecosystem, its CEO said May 16. Speaking to CNBC on the network’s Fast Money segment, Danny Masters identified several changes which would need to occur in order for Bitcoin to see the $20,000 price tag once […]

‘Global Blockchain Leader’ At Deloitte Resigns To Join Blockchain-Based Startup

Eric Piscini, former Global Blockchain Leader and Partner at one of the “Big Four” consulting firms, Deloitte, has left the company, Forbes reports May 14. Piscini, who helped build a $50 mln global blockchain practice, is joining the startup Citizens Reserve to move supply chain networks to a blockchain. The early-stage startup, which is currently […]