Bitcoin Now Buys You Citizenship to This Island

The Pacific island nation of Vanuatu has become the world’s first county to accept the virtual currency bitcoin for its citizenship program. The Vanuatu Information Centre (VIC) announced that its Development Support Program (DSP) will allow foreigners to qualify for Vanuatuan citizenship through a one-time payment of $200,000 – or its cryptocurrency equivalent. At current market… Read more

The Fintech Arms Race Between Banks And Startups

Brick-and-mortar banks are in desperate need of a makeover. They know it too. Capital One is opening Capital One Cafes in major cities across the U.S., with hip decor and more laidback consulting vibes than traditional branches. JPMorgan is trying the same idea with its Manhattan technology hub. Bloomberg reported the bank’s $9.6 billion technology budget… Read more

Delaware Lawmakers Say Blockchain Can Manage Stock Records

Delaware legislators passed a historic bill that explicitly legalizes the right to track stocks on a blockchain, according to Coindesk. This new amendment is a part of a broader series of legal updates for capital markets, clarifying different types of corporate records on blockchain networks. Coindesk reports that legal experts expect Delaware governor John Carney will… Read more

The Fintech Arms Race Between Banks And Startups

Brick-and-mortar banks are in desperate need of a makeover. They know it too. Capital One is opening Capital One Cafes in major cities across the U.S., with hip decor and more laidback consulting vibes than traditional branches. JPMorgan is trying the same idea with its Manhattan technology hub. Bloomberg reported the bank’s $9.6 billion technology budget… Read more

?Google Ventures Invests In Bitcoin Startup Blockchain

A bitcoin startup called Blockchain just raised $40 million from Google Ventures, billionaire Richard Branson and venture capital firms like Lakestar. Combined with earlier investments from the startup’s A round, Blockchain has raised around $70 million and become one of the best-funded cryptocurrency startups of 2017, behind power players like Ripple and Coinbase. The company claims… Read more

‘Brexit Smexit:’ What UK Election Results Mean For Cryptocurrency

The United Kingdom’s Conservative Party failed to secure a clear majority in the UK election on Thursday. The political upheaval surrounding Prime Minister Theresa May sent shockwaves throughout the economy. The New York Times reports London’s position as a “dominant global financial center” could be jeopardized. According to CNBC, by Friday morning the British pound dropped… Read more

Cryptocurrency Goes Mainstream: Omise and Kik Both Plan ICOs

Initial coin offerings have officially gone mainstream. The Asian fintech startup Omise announced Wednesday a plan to raise $19 million with a cryptocurrency sale, a move TechCrunch deemed the first ICO from a “major VC-backed startup.” This the second such Ethereum-based project announced within the past eight days. The messaging app Kik debuted the plan for… Read more

From Bitcoin to Big Business, Blockchain Technology Goes Mainstream

The technology behind bitcoin and other cryptocurrencies is being looked at by more conventional companies and businesses. Known as blockchain, it is a public digital ledger that keeps a running tally of all cryptocurrency transactions within a distributed network of computers. Once they are recorded, transactions cannot be edited or removed, thus adding to the “chain.”… Read more

Here’s Why Bitcoin Prices Are Skyrocketing

Bitcoin prices are skyrocketing. Business Insider reported Thursday bitcoin hit a record high, exceeding $2,700 per coin, up from $1,400 on May 1. The world’s second most influential cryptocurrency, Ethereum’s ether tokens, also broke its record this week. Ether is now evaluated at more than $200 per token, CoinMarketCap reported. For comparison, ether was selling for… Read more

These Women Are Making Blockchain More Inclusive

Many tech experts believe we are living during the dawn of a new era, a blockchain revolution. “It’s the wild west out there,” venture capitalist Tracy Chadwell told International Business Times at the Ethereal Summit in New York on Friday, where around 458 tech professionals gathered to talk about how to shape the future. Most people… Read more

Chile’s Biggest Stock Exchange Adopts IBM Blockchain Tech

International Business Machines announced Wednesday it is partnering with the Santiago Stock Exchange, Chile’s largest stock exchange, to implement Latin America’s first blockchain stock exchange solution. “In our understanding, t will be the first to implement securities lending blockchain technology anywhere in the world,” IBM Chile General Manager Francisco Thiermann told International Business Times. Thiermann said… Read more

Cryptocurrencies Gaining Favor In Australia, Japan

Another day, another all-time high for the price of Bitcoin, the cryptocurrency which is the new darling of currency investors who seemingly can’t get enough of it. In the early hours of Thursday, the most popular among the hundreds of digital currencies was trading at over $1,800. Other than speculation, there could be some fundamental reasons… Read more

Russia Announces Plan To Legalize Cryptocurrency

It looks like Russia will become the next country to legalize the use of cryptocurrencies like bitcoin and ether. Business Insider reported on Thursday that the Russian government drafted a bill to “create the legal framework for trading in bitcoin, dash, ether, and other digital currencies,” just one year after the same institutions warned people who… Read more

Bitcoin Is Now More Valuable Than Ever

The value of Bitcoin continued to climb over the weekend, reaching a new all-time high by Monday morning. Each digital coin is now worth around $1,400, according to Business Insider. It’s unclear what is driving up the price of bitcoin, especially considering the US Securities and Exchange Commission rejected a bitcoin exchange-traded fund application in March,… Read more

Bitcoin ETF: Coming to an exchange near you

WASHINGTON, March 9, 2017 – A bitcoin ETF is going to happen. The SEC may not approve the cyber-currency ETF this weekend, but it is going to happen, probably sooner rather than later. Current investor anticipation centers on an ETF application submitted to the SEC four years ago by the Winklevoss twins, Cameron and Tyler Winklevoss,… Read more

Bitcoin value tops gold for first time ever

ΥThe price of a single bitcoin has gone higher than one ounce of gold for the first time ever. The digital currency has jumped to an all-time high, at over $1,270 . The value of bitcoin, which has been very volatile in the past, is up by nearly a third this year. Gold 2.0 (bitcoin) price… Read more