Citibank is testing on a new digital currency Citicoin at this point, handling a run-through platform and evaluating key measures. In line with this, the premier bank is also suggesting the U.K. government to provide its own digital cash.
Tags: Bitcoin
Digital Currency: China Reveals Plan to Launch its Own Digital Currency
The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.
Bitcoin is a failure and it’s over, according to one of its main developer
Mike Hearn, one of Bitcoin's developer wrote on his belief that the digital currency has undergone some irreparable damage and that the end is in sight. He explained some complaints about Bitcoin which he believes to have no plausible solution. Bitcoin, on the other hand, has gained popularity among internet users although the system has triggered some controversies.
Microsoft joins forces with Brooklyn start-up ConsensYs to launch cloud-based blockchain platform
Microsoft teams up with Brooklyn-based start-up ConsensYs and launched Tuesday a cloud-based blockchain platform that lets financial firms experiment on bitcoin in a cheap and easy manner.
Bitcoin Value Keeps Surging Surprisingly
Bitcoin, the most famous digital and crypto currency, has an enormous surge of value with more than 70% raise in a month. A movement that surprised every body amidst a global economic slowdown, is coming from Chinese capital outflow invested in bitcoin.
Latest News
USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said.
Bitcoin as a convenient digital currency has gained widespread use the past several years. Hack attacks have happened, and the recent one that happened to the Bitcoin and Altcoin Exchange Cryptoine, which led to stoppage of its operations, got many people's attention. It underscored the need to step up security measures.
Bitcoin's been growing larger and larger by the minute. Bitcoin has been making some very major gains lately. According to the latest reports, the price of Bitcoin for 2015 has continued to rise, and over the last week, bitcoin has gained $15 in price.
International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
Silicon valley startup 21 Inc has raised $116 million in venture funding to help broaden the uses of bitcoin technology, the Wall Street Journal reported.
How high could bitcoin climb? Bitcoin has been rising like crazy over the last few days, and looks like the price of bitcoin may be rising to a certain peak.
Google was reported to be making plans to develop Android Pay that would work alongside the already established Google Wallet, which was aimed to beat its top competitor Apple Pay.
As the price of Bitcoin goes up, many companies on e-commerce are looking on the possibilities of tapping the potential of Bitcoin in their businesses.
Bitcoin could be the next step in cracking a recent Pirate Bay-related hacking. The Pirate Bay, the notorious file-sharing torrent site, has been on shaky ground ever since it returned to the Internet.
