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Tag Archives: Cryptocurrencies

14% Chinese Citizens Have Invested in Cryptocurrencies

Cryptocurrencies have continued to gain traction across the globe and have managed to lives of millions of people. A recent report that was done by Panews has revealed that only 14% of Chinese citizens have ventured into cryptocurrencies. This means that only 1 in every 7 Chinese have invested their fiat currency in digital currencies […]

A Brazilian Supermarket To Allow Shoppers To Pay In Cryptocurrencies

Advancement of Cryptocurrencies has been slowed down by a lack of liquidity among other challenges such as volatility, security risks, government policies uncertainties, etc. On the case of liquidity, there are two perspectives to the matter. Liquidity to convert Digital Assets to fiat currencies, and liquidity to change Cryptocurrencies for other goods and services. In […]

What Is A Paper Wallet?

Even among the people with a good understanding of Cryptocurrencies, coin storage is always a complicated concept. This is because, virtual currencies, unlike fiat currencies are not tangible. Consequently, they are not stored physically making their storage quite different and confusing to some people. Digital assets can be stored in paper wallets, software wallets, or […]

Insurance Inadequacies Impedes Growth Of Cryptos, But Not For Long

According to an article by Reuters, Cryptocurrency traders and exchanges have been grappling with inadequate insurance coverage for years. The problem arises due to the absence of clear guidelines from ambiguous or silent laws. Direct implications for the lack of a comprehensive insurance cover is that most institutional investors and high net individuals are shying […]

Western Union Might Adopt Cryptocurrencies And Blockchain Technology

Western Union President, Odilon Almeida, has revealed that the platform might adopt Cryptocurrencies. In an interview with Reuters Plus, the Company Chief hinted that the bank is interested in Cryptocurrencies as a strategy of offering their clients the ability to exchange Digital Assets for fiat money. Almeida revealed that the American based financial services network […]

Western Union Hints to Using Cryptocurrencies to Offers Its Services

Western Union, an American based company that offers financial services across the globe has hinted to use cryptocurrencies to offer its services. This is a positive sign of the in roads that blockchain technology is having on the world. Western Union Considering Using Cryptocurrencies In a recent video interview with Reuters Plus, Odilon Almeida, the […]

What is Blockchain Technology?

Are you wondering what is blockchain technology? Blockchain technology is undeniably an incredible invention. Since its invention in 2008, blockchain technology has gradually evolved into something greater. However, the primary question that almost every individual is asking out there is: What is Blockchain Technology? This technology has created the foundation of a whole new type […]

Brad Garlinghouse Predicts That Banks Will Offer Crypto Custody Services By 2019

The CEO of Ripple, Brad Garlinghouse is saying that custody services for Cryptocurrencies such as XRP will become a dominant Bank product from 2019. This raises the concerns of centralization given that banks’ involvement of in financial transactions is the very challenge that Blockchain and Digital currencies were meant to address in the first place. […]

Christine Lagarde Gives The Greenlight For Central Banks To Issue Digital Currencies

The managing director of the International Monetary Fund (IMF) Christine Lagarde has made a statement to central banks urging them to consider issuing national Cryptocurrencies. She was speaking in Singapore during a recent press conference. According to the IMF Chief, state-backed Cryptocurrencies are the best approach to solving the herculean responsibility of improving public policy […]

Bank Of America Poised To Store Cryptocurrencies For High-End Clients

Under the leadership of Brian T. Moynihan who is the chairman and CEO of the Bank of America, there has been a tremendous application of patents with the United States Patent and Trademark Office. One of these patents protects the concept by the Bank of America to develop a Cryptocurrency aggregation system. Under this new […]
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