South Korea Will Allow Bitcoin Companies to Perform Cross-Border Payments

South Korea Will Allow Bitcoin Companies to Perform Cross-Border Payments   The South Korean government will issue permits to FinTech firms including bitcoin mediated foreign currency transfer services to enable international money transfers for small funds. Come August 15, about 40 FinTech firms are expected to launch international money transfer services after receiving permits from…

Nobel Prize Winning Economist Predicted the Rise of Digital Currencies Nearly Two Decades Ago

Nobel Prize Winning Economist Predicted the Rise of Digital Currencies Nearly Two Decades Ago   American economist and Nobel Prize winner in Economic Sciences Milton Friedman has aptly predicted the rise of digital currencies like Bitcoin in 1999. In his claim, Friedman said that a reliable but discreet method of financial transactions will develop on the Internet…

Mainstream Institutions and Investors Demand Towards Bitcoin Sector is Escalating

Mainstream Institutions and Investors Demand Towards Bitcoin Sector is Escalating   The demand towards the bitcoin industry is increasing at a rapid rate. Major institutional and billionaire investors are entering the bitcoin sector to fund leading startups such as Coinbase and Blockchain. On June 22, CCN reported that Blockchain raised a $40million funding round from Google’s venture…

Bitcoin Investors Are the Minority Compared to Global Investors

Bitcoin Investors Are the Minority Compared to Global Investors   Bitcoin investors are still the minority when compared to the total investors worldwide, a recent Global Investor Survey by Monex Group has found. The study’s findings allude to the unknown nature of Bitcoin: We asked retail investors about much-talked-about “virtual currency” such as Bitcoins. The results showed…

Bitcoin Will Make a Lot of New Millionaires, According to Economics Professor

Bitcoin Will Make a Lot of New Millionaires, According to Economics Professor   According to a recent write-up published by Panos Mourdoukoutas, Professor and Chair of the Department of Economics at LIU Post in New York who is also contributing to several professional journals and magazines, such as Forbes and The New York Times, until its dive, bitcoin will make many…

FreeWallet.org Users See Outbound Transactions Redirected to Unknown Addresses

FreeWallet.org Users See Outbound Transactions Redirected to Unknown Addresses Plenty of cryptocurrency enthusiasts have come across the FreeWallet.org platform at some point. This is especially true when people are looking for a mobile wallet supporting a specific cryptocurrency. For the longest time, there appeared to be no issue with FreeWallet, but that situation has come…