Central banks might benefit from issuing cryptographic versions of fiat currencies, but the benefits would vary depending on whether they did so in an advanced or developing economy. At least that's according to Ben Fung...
After months of radio silence, Bitfinex, the world's largest cryptocurrency exchange, and Tether, the issuer of a dollar-pegged cryptocurrency, are responding to accusations of mismanagement. In a statement emailed late Thursday to reporters,...
Preston Byrne is an independent consultant and founder of Tomram LLC and the former chief operating officer of Monax Industries, an enterprise blockchain software vendor. Recent news stories make it pretty clear that...
Digital currencies may pose a threat to financial stability as they gain popularity, said U.S. Federal Reserve vice chairman for supervision Randal Quarles. Speaking at the 2017 Financial Stability and Fintech Conference on Thursday,...
The tax authority in the United Kingdom, HM Revenue and Customs, will not accept cryptocurrency as payment any time soon. Lord Michael Bates, a minister of state, addressed the question of digital currency...
The Federal Reserve is not working on a cryptocurrency version of the U.S. dollar, the head of one of its regional banks said. As first reported by Reuters, John Williams, president of the Federal...
Startups in Europe raised more capital through initial coin offerings (ICOs) in the last three years than any other region on the planet, according to a study released Thursday. More than a third...
Criminal organizations are increasingly using digital currencies to launder money or otherwise pay for illicit activities, according to one U.S. Immigration and Customs Enforcement agent. Child exploiters, drug smugglers, illegal firearm sellers and...
Dash is shedding gains at press time, but looks set to defend $600 levels. As per CoinMarketCap, the world's fifth largest cryptocurrency by market capitalization is trading at roughly $685 – down 9.3...
Commercial banks need to develop faster payment systems to counter the rise of cryptocurrencies, according to one European Central Bank executive. Yves Mersch, who sits on the ECB's executive board, made the argument...