Blockchain technology is being increasingly embraced by central banks and sovereign treasuries. Russia and Singapore have already tested digital versions of their fiat currencies, and the Eastern Caribbean dollar is currently circulating in digital format around various island nations. One thing that these sovereign digital currencies have in common is…
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99Crypto
How China is Planting the Seeds of Digital Currency
In the midst of the Wuhan coronavirus outbreak crisis, financial regulators in China have somehow managed to remain busy and focus on the government agenda to exert control over blockchain development and digital currency use. To this effect, the Hunan province is the latest to debut a special economic zone…
StormX Announces Ability to Earn Back Cryptocurrency Via Online Shopping
In the first few days of March 2020, StormX made an announced that it is integrating StormShop for iOS and Android users. This will allow them to earn cryptocurrency back when they do some online shopping. The goal of the integration is to improve the eCommerce experience for sellers and…
A Criminal Complaint Is Launched Against Chinese Crypto Money Launderers
The United States Department of the Treasury's Office of Foreign Asset Control delivered sanctions to two Chinese nationals who are accused of laundering cryptocurrency. The currency was stolen in a 2018 cryptocurrency exchange hack. The Department of Justice also announced an indictment of money laundering against the same…
How the World's Richest People Feel About Bitcoin and Blockchain
For 10 years, blockchain, Bitcoin and some other cryptocurrencies have been disruptive to hedge funds, law enforcement, healthcare, banking, real estate and other industries. These cryptocurrencies and technologies will revolutionize many more industries, too. Even with all the enthusiasm, many of the world's richest people have demonstrated mixed…
Cryptocurrency Market Not Necessarily Safe Haven from Effects of COVID-19.
In a recent podcast discussion about the cryptocurrency market, an industry media source partnered with a cryptocurrency analyst, Naeem Aslam. Joining the conversation was the CEO of Tokenmetrics, Ian Balina. The episode was about the impact of the novel coronavirus, called COVID-19, on the world's cryptocurrency markets. Many…