The Swiss financial holding UBS claims that bitcoin has a chance to completely replace fiat currencies. In a recent report, the company explained that the leading cryptocurrency is a prominent candidate to replace dollar, if its characteristics reach a certain level. The obstacle to this is BTC volatility, according to the report.
The rate of crypto is going up and down. The market is still on a rollercoaster. But it doesn’t stop blockchain enthusiasts. During 2017-2018 1485 companies related to cryptocurrency were doing ICOs trying to raise millions. Barely, it was successful for all of them. Nowadays, there is only one guaranteed way to earn money in
The London Police Department announced that it is currently developing a training course for employees investigating financial fraud. In particular, investigators will learn about the nuances of working with cryptocurrencies, which will help in the investigation of money laundering cases. The course is scheduled for the fall of this year. At the moment it is
On July 19, Banco Bilbao Vizcaya Argentaria (BBVA) has announced that it had signed a new blockchain-based loan with ACS Group, a civil engineering company. The agreement was signed to obtain a long-term corporate loan of €100 million. The new loan contract will improve financial processes of the company, making them more transparent and traceable.
Spain’s ruling party suggests that blockchain will make the operation of the country’s public administration more efficient. Last week, 133 deputies from the Popular Party submitted a proposal related to blockchain to the Congress of Deputies. They believe that the technology will “improve internal processes” of the governance. Besides, the deputies recommended building public and
According to Huobi’s official announcement, entering the British market will provide access to European financial markets and allow the exchange to benefit from its newly-launched blockchain accelerators, Huobi Labs and the Huobi Ecosystem Fund. Lester Li and Josh Goodbody will occupy the positions of European Exchange Director and Chief Compliance Officer, resp. London was chosen
Securities markets auditor in Spain and a few financial institutions, such as Banco Santander, have finished a blockchain pilot that tests the technology for listing stock warrant issuances. The concept is to show that shared databases can be used to record data about contracts and spread that information to all parties. The pilot proved that
The Central Bank of Lithuania is concerned about Russian investors participating in the local ICOs, according to Politico. The Lithuanian regulator claims that with the help of ICOs, Russia criminal authorities and members of the underworld can launder illegal funds, and “the inflow of opaque capital from Russia does not match Lithuanian national interests”. Last
According to a recent poll by TNS, 13 percent of Ukrainians already own cryptocurrencies, and the citizens’ awareness of digital currencies has increased as well. The researchers interviewed 1000 Ukrainians at the age from 18 to 55 years. The results also show that Bitcoin is the most famous and well-known cryptocurrency – 98% of respondents
Entrepreneurs from Russia, Lithuania and USA together with Macedonian and global partners are organizing a blockchain and artificial intelligence hackathon in Skopje, Macedonia on June 22nd – 24th, 2018. The event will unite Macedonian startups, tech companies and venture capital funds to help develop new potential startups. The organizers expect to gather people from different
According to a survey of the Centre for European Economic Research in Germany (ZEW), cryptocurrencies such as Bitcoin or Ethereum will not be used as alternative means of payment by 2020. ZEW surveyed 300 experts from financial market – bank and insurance employees and experts – to clarify their position of whether Germans would soon
Professors and scientists from Oxford are developing the first in the world blockchain-based university. The university will work mainly using smart-contacts – to monitor attendance and deadlines and to create a more transparent educational environment. Blockchain-based tools and solutions generally are meant to tackle issues concerning high tuitions fees, bureaucracy and worldwide access to the