To help further use of digital currency and head off price manipulation, two U.S. representatives have proposed bipartisan bills in Congress. Republican Representative Ted Budd and Democrat Representative Darren Soto introduced the proposed laws to make the U.S. a “leader in the cryptocurrency industry,” CoinDesk reported. One...
Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. The push is part of his “Get Nigeria Working Again” proposal. Abubakar, who is a former vice president, plans...
Bitcoin’s use as a form of commercial payments has declined during the year, at the same time that the digital token appears to be stabilizing. According to a report in Reuters, citing Chainalysis, the blockchain research firm, the value of bitcoin handled by payment processors...
To look into crimes involving digital currencies, U.S. Deputy Attorney General Rod Rosenstein is looking for international support. He took on the topic at Interpol’s annual meeting on Sunday (Nov. 19), CoinDesk reported. “We must not allow cybercriminals to hide behind cryptocurrencies,” Rosenstein said at...
The bitcoin bust continued Monday (Nov. 19), with the price of the cryptocurrency falling to $4,905 by mid-afternoon, a decline of at least 12 percent. Over the past week, the price of bitcoin has declined some 20 percent — and at least 60 percent since...
IMF head Christine Lagarde called on central banks to seriously consider issuing digital currency to fill the gap left by the declining use of cash. The Financial Times, citing comments the head of the IMF made in Singapore, reported Lagarde thinks there could be a...
SWIFT threw cold water on a rumor Wednesday (Nov. 7) that it helped drive the price of XRP, the cryptocurrency associated with Ripple, ahead of Ethereum. According to a report in Finance Magnet, a rumor was circulating that the pending upgrade of the SWIFT network...
Bitcoin and other cryptocurrencies trade at levels far off peaks, a bit above lows. There is hope that new trading opportunities — such as through derivatives — will boost liquidity and investor count. The U.K. is the latest country to splash some cold water on the notion...
Ripple said that its revenues related to the sale of the digital asset known as XRP gained ground in the third quarter of this year, more than doubling over the second quarter (that is, sequentially). The company said in its third-quarter report on XRP markets...
