Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation. Bitcoin Price Trends up as Italy’s Economy Falters Italian bonds are going bust, and the negativity...
The Kuwait Finance House (KFH) has become the Arab nation’s first bank to join RippleNet, an enterprise blockchain network from industry giant Ripple, for international remittance payments. In an announcement, the Kuwaiti bank confirmed its move to join RippleNet, a SWIFT-replacement global blockchain network that sees over 100 financial institutions including...
Five rural banks in the Philippines will conduct a pilot of a real-time retail payments system on a blockchain developed by Ethereum startup Consensys. In a move to further financial inclusion and bring some 35 million unbanked Filipinos into the financial system, the Union Bank of the Philippines (UnionBank) has...
Ethereum Classic has announced the success of defusing the “difficulty bomb” that was found in the network code which was set to render mining unprofitable. Ethereum Classic forked from Ethereum in 2016 over a disagreement surrounding the loss of funds following the hack which compromised the DAO, a smart-contract funding project. Most...
South Korean authorities are cleared to confiscate 191 bitcoins, about $1.43 million, from the operator of a child pornography website in addition to a prison sentence and a penalty. In a ruling on Wednesday, South Korea’s Supreme Court said that cryptocurrency can be deemed a forfeitable asset in a criminal...
The bitcoin price has increased by around 6.5 percent since its dip to $7,040 on May 30, stabilising in the $7,500 region. Naturally, as the bitcoin price spiked, the entire cryptocurrency market followed the dominant cryptocurrency’s upward price trend, leading both major cryptocurrencies and tokens to increase by 3...