Warning: Cryptocurrency Scams Are Posing as China’s Central Bank

Warning: Cryptocurrency Scams Are Posing as China’s Central Bank The People’s Bank of China (PBoC) has issued a new warning alleging that cryptocurrency projects are misusing its name in an effort to defraud investors. Issued on 15th June, the announcement sought to make public the issue, while clarifying that the central bank has not issued any digital currency or…

Blockchain Offers Big Financial Payoff

Blockchain Offers Big Financial Payoff   With promises to reduce paperwork, provide improved tracking and visibility, accelerate cash flow and eliminate fraud and financial reporting errors, what’s not to like about blockchain technology? For those involved in the shipment of goods – from brokers, carriers and shippers to everyone else involved in the supply chain…

How to Avoid Losses When Bitcoin Price Goes Up and Down

How to Avoid Losses When Bitcoin Price Goes Up and Down This essay is an updated chapter from Luis Buenaventura’s Reinventing Remittances with Bitcoin, available for free in e-book and print form now. If you’re just joining the Bitcoin train, it’s probably hard to imagine what the world of early 2014 was like. The largest…

Malta’s PM: The Rise of Cryptocurrencies ‘Cannot Be Stopped’

Malta’s PM: The Rise of Cryptocurrencies ‘Cannot Be Stopped’   European regulators should embrace cryptocurrencies like bitcoin, the prime minister of Malta argued in a speech yesterday. Speaking at the CEPS Ideas Lab in Brussels on 23rd February, Prime Minister Joseph Muscat argued that governments in the European Union should “double down” on the tech,…

Report: Nigerian Retail Banking Sector to see 92% Disruption by FinTech

Report: Nigerian Retail Banking Sector to see 92% Disruption by FinTech A report has shown that retail banking and fund transfers in Nigeria are the two biggest areas that are most likely to be affected by FinTech over the next five years. The report, Nigeria FinTech Survey 2017 [PDF], which was released by PricewaterhouseCoopers (PwC),…

Altcoin Uptick Ends as Bitcoin Prices Pass $1,050

Altcoin Uptick Ends as Bitcoin Prices Pass $1,050 While so-called altcoins enjoyed a notable rally early this week, this run appears to be over. The market for alternative cryptocurrencies, a collection of digital tokens with different blockchain networks and value propositions than the bitcoin protocol, received significant tailwinds earlier this week as bitcoin traders sat on…

Richard Branson to Host Bitcoin Summit on Private Island

Richard Branson to Host Bitcoin Summit on Private Island   Billionaire entrepreneur Richard Branson is set to bring “the greatest minds in cryptocurrency” together to discuss bitcoin and the blockchain on his personal private island this May. Taking place on Necker Island in the British Virgin Islands from the 25th to 28th, Branson’s eventwill feature discussions…