Ron Paul Slams Fednow Payment System and Encourages Crypto Competition

Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received the news of the Fednow program with little more … Read more

PR: Uruguayan President Meets With the Founder of SCRY

Uruguay, nicknamed South America’s Switzerland, has always taken a positive attitude towards the development of science and technology and information economy as well as science and technology services, thus becoming the first Latin American country to step into 5G information this year. Miss Foo, founder and CEO of SCRY, has good business connections in the … Read more

Queensland, Australia Invests Portion of its $6.1Mil Ignite Ideas Fund in Crypto Startup

Queensland, Australia is giving away millions with its Ignite Ideas fund. This week, it posted details regarding the AUD$8.3 million grant ($6.1 million USD). Something like 70 regional companies shared the bounty, including a cryptocurrency startup, Travelbybit, which managed to snag AUD$100,000 on its way to promoting tourism using crypto.  Also read: Bitcoiners Hope to … Read more

Bitcoin in Brief Tuesday: Bank Wires, Tickets, and Diplomas on Blockchain Tech

The prospect of transferring an entire national payment system to blockchain technology deserves attention and we are covering the story in today’s Bitcoin in Brief. Reports that Russia may transform its version of SWIFT as early as next year coincided with the news that the US banking giant JP Morgan has applied for a blockchain … Read more

Twitter and Square CEO Jack Dorsey: Bitcoin to be World’s Currency

Jack Dorsey, CEO of both Twitter and payment platform, Square, told the Times of London there will be a single world currency in the next ten years, and he believes that will be bitcoin. His comments came at a downturn in the broader crypto markets and amidst declarations of bitcoin’s imminent demise.    Also read: Bitcoiners … Read more

Bank of America Acknowledges the Threat Posed by Cryptocurrency

For all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, … Read more

India’s Tax Department Issues Notices to 100,000 Crypto Investors

India’s Income Tax Department recently announced that it has issued notices to 100,000 cryptocurrency investors. The announcement came in light of government surveys into the operations of multiple leading Indian exchanges that have revealed widespread tax evasion on the part of India’s cryptocurrency traders. Also Read: India’s Finance Minister Confirms Crypto Not Recognized as Legal Tender, … Read more