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Tag: economy

Vietnamese Authorities Propose Embargo on Importation of Bitcoin Mining Equipment

Category: Altcoins, Bitcoin, Ethereum, Mining, News

Vietnamese Authorities Propose Embargo on Importation of Bitcoin Mining Equipment

While the Vietnamese crypto space has remained somewhat vibrant in recent times despite the warnings and efforts of the governments to crush the local digital currency industry, it appears the situation is about to get even worse for crypto investors in the region as authorities have proposed to ban the importation of bitcoin mining machines into the Asian nation. Miners…

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Has the Rise of Bitcoin Forced the Swiss to Rethink Money?

Category: Bitcoin, Commentary, Finance, News

Has the Rise of Bitcoin Forced the Swiss to Rethink Money?

Crypto-friendly Switzerland faces a referendum on June 10 that could fundamentally change the concept of money in the small European nation. With the rise of bitcoin as a permissionless, decentralized alternative to national currencies, have the Swiss been forced to rethink what money really is? The rise in the popularity and use of bitcoin has been phenomenal since 2009, in…

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IMF Releases Report on Cryptocurrencies: Highly Regards the Technology’s Benefits and Use Cases

Category: Altcoins, Bitcoin, Commentary, Ethereum, News

IMF Releases Report on Cryptocurrencies: Highly Regards the Technology’s Benefits and Use Cases

The global financial crisis, the most recent being the 2008 crisis and the humongous bailout packages for top financial institutions and even the entire economies like Greece, definitely raised some eyebrows over central banks’ monopoly on the issuance of currency. With this in mind, the June 2018 edition of International Monetary Fund’s (IMF) paper on cryptocurrencies was unsurprisingly “pro-crypto.” Bitcoin…

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No Free Lunch: IBM Promises to Employ 1,800 French Blockchain Technology Experts

Category: Blockchain, Business, News, Tech

No Free Lunch: IBM Promises to Employ 1,800 French Blockchain Technology Experts

IBM CEO Virginia Rometty was one of the dignitaries present at the “Tech for Good” conference organized by French President Emmanuel Macron on May 23, 2018. And she has pledged to hire 1,800 French nationals as part of the tech giant’s contribution to Macron’s project which seeks to make France a hotbed for artificial intelligence and blockchain technology. IBM-Macron Alliance…

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China Intent on Global Blockchain Domination

Category: Blockchain, Business, News, Tech

China Intent on Global Blockchain Domination

China is not prepared to play second fiddle to any nation in the race for being number one in the blockchain industry. From established companies to startup enterprises and even government, the general narrative in the country is one of maximizing the immense potential of the emerging technology. All of these efforts come despite the country’s crackdown on the cryptocurrency…

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Nasdaq CEO: Blockchain Tech will Play Major Role in World Economy

Category: Bitcoin, Blockchain, Commentary, News

Nasdaq CEO: Blockchain Tech will Play Major Role in World Economy

While business moguls like Warren Buffett, Charlie Munger, and others think bitcoin is worse than trading “freshly harvested baby brains” and would, therefore, have a terrible ending, CEO of Nasdaq Adena Friedman firmly believes cryptos are the future of finance. And she’s not ashamed to let the entire world know her stance on blockchain-based virtual currencies. Embracing Innovation In an…

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Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

Category: Bitcoin, Commentary, Finance, News

Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

All the talk about bitcoin has made some serious noise in Iran as well. Although few in number the country has customers of cryptocurrency, and in the with the rise of digital currency, the government is planning to adopt this trend. Mohammad Reza Pourebrahimi, Chairman of the Economic Commission of the Parliament of Iran, strongly believes that a national digital…

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Cardano Founder Signs Deal With Ethiopia to Explore Blockchain and AgriTech

Category: Altcoins, Blockchain, Business, News, Tech

Cardano Founder Signs Deal With Ethiopia to Explore Blockchain and AgriTech

Announced on May 3, IOHK has signed a memorandum of understanding (MOU) with Ethiopian government to onboard local developers to leverage Cardano’s blockchain platform and develop the AgriTech sector. Ethiopia is Fertile Land for Blockchain Tech The world’s most populous landlocked country Ethiopia has jumped on the blockchain bandwagon to boost its agriculture industry. The IOHK signed an MOU with…

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China May Soon Dominate Blockchain Market: Aims To Overtake USA

Category: Blockchain, Business, News, Tech

China May Soon Dominate Blockchain Market: Aims To Overtake USA

Move over, USA? China may soon be the big dog on the blockchain market. China is positioning itself as the dominant player in blockchain after taking over the number one spot for the most number of blockchain patents. “This technology has the potential to have a great impact on everything we do and will definitely be threaded through all technology…

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Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

Category: Altcoins, Finance, News

Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

India can gain a 30 percent discount on crude oil purchases from Venezuela only if the payments are made using the state-endorsed digital currency, the Petro, which is backed by the country’s oil and mineral reserves. Coinsecure Thinking of Listing the Petro The Petro is a cryptocurrency which was developed by the government of Venezuela and was launched sometime in…

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