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One online bank in Germany is now using bitcoins for loan transfers.  Subverting SWIFT Founded by German Radoslav Albrecht, Bitbond is an online bank which now affords its customers the ability to transfer loans internationally — specifically, by using Bitcoin. The platform uses Bitcoin and other cryptocurrencies to subvert SWIFT — the self-proclaimed world’s leading provider of secure financial messaging services — by lending money around the world instantly and at virtually no cost. Albrecht explained to Reuters TV: Traditional money transfers are relatively costly due to currency exchange fees, and can…

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Next week, thousands of crypto and blockchain enthusiasts will descend on New York City for the 4th annual four-day Consensus Conference at the New York Hilton Midtown. The event features more than 250 speaks, 4,000 attendees, and a cadre of industry leaders from around the world who are gathering for one of the largest collectives blockchain development gatherings in the world. The event features a slew of heavy hitters like Jack Dorsey, the co-founder of Twitter and CEO of blockchain startup Square, Charlie Lee, creator of Litecoin, and Dan Morehead,…

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GMO Internet’s cryptocurrency exchange has added four more cryptocurrencies to its loan program which allows customers to lend their cryptocurrencies to the company. The program was originally launched last month for just bitcoin (BTC) but GMO has now added bitcoin cash (BCH), ether (ETH), litecoin (LTC) and ripple (XRP) to the program. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Wants to Borrow from Customers GMO Coin, the cryptocurrency exchange subsidiary of Japanese conglomerate GMO Internet, announced this week the addition of four cryptocurrencies to its loan service which…

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The financial services regulator for the southern African country of Zimbabwe – the Reserve Bank of Zimbabwe (RBZ) – has banned all financial services institutions in the country from all forms of cryptocurrency trading. The directive was shared in a circular on virtual currencies distributed to all institutions on Friday. Cryptocurrency Trading Banned Through Banking Services According to a news report, the circular which was signed by the RBZ registrar of banking institutions Norman Mataruka, the central bank has said that it is taking these measures to protect the public and…

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Crypto prices have dipped within the last 24 hours as the market reacts to a series of events over the previous few days. A look at CMC’s rankings shows only a couple of coins posting positive 24-hour price changes. However, in the midst of the general cratering, Bitcoin appears to be the least affected of the lot. South Korea: The Epicenter of Events UPbit, the largest cryptocurrency exchange platform in South Korea, is currently under investigation. A joint task force of local police and financial regulators raided its Gangnam headquarters…

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The first initial coin offering (ICO) by a publicly traded company in Thailand has begun trading on a couple of local exchanges. Meanwhile, the regulators are still drafting the legal framework for cryptocurrencies and token sales. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space First Public Company to Launch ICO The launch of an ICO by a publicly traded company has paved the way for other token sales in Thailand. Jay Mart Plc’s subsidiary, J Ventures Limited, launched its ICO called Jfin Coin last week. Jay Mart Plc operates…

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This week the two popular Bitcoin Cash social media applications, Memo and Blockpress have rolled out a bunch of new features on each platform. Now users on both platforms can upload pictures, video, and even torrent magnets found on the Pirate Bay. Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research  Memo and Blockpress  So far over the past couple of weeks, Bitcoin Cash (BCH) supporters have been utilizing two specific BCH-powered social media platforms — Blockpress and Memo. The Memo application arrived on the scene first during the…

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MakerDAO, creators of the Dai stablecoin, and Blockshipping, creators of the Global Shared Container Platform, (GSCP), are working together to transform the global container shipping industry, enabling significant savings in cost and CO2 emissions. The partnership is expected to accelerate development and availability of the Blockshipping GSCP by leveraging Maker DAO’s proven Dai Stablecoin System to power the GSCP platform.  Copenhagen, May 11, 2018 – MakerDAO and Blockshipping today announce a partnership to collaborate on transforming a critical part of the global supply chain industry – the container shipping industry.  Blockshipping…

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The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 1. Crypto: Civil Law Versus Common Law “World’s Second Most Valuable Cryptocurrency Under Regulatory Scrutiny.” “Bitcoin CRACKDOWN: IMF chief Christine Lagarde calls for cryptocurrency regulation.” “France announces Bitcoin regulations amid cryptocurrency ‘bloodbath’.” 2018 is the year in which cryptocurrency will be regulated. The questions are by whom and how? The two traditional answers have been civil law or common law. But there is a third alternative. Namely, preventive self-regulation, which can also be called simple decency.…

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Among millennials, the cryptocurrencies investment trend is gaining momentum for retirement purposes. Moreover, as tech-savvy millennials are shunning traditional banking methods, innovative startups are creating new retirement solutions powered by blockchain and artificial intelligence technologies. Millennials Are Reshaping the Retirement Planning Industry Most millennials, people born between 1981 and 1996, are not saving for retirement. For example, in February 2018, the National Institute on Retirement Security released a study, which concluded that “95 percent of millennials are not saving adequately for retirement.” Then there’s the fact that over 66 percent…

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