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The President of the United States, Donald Trump, announced the country’s withdrawal from the Iran nuclear deal and the restoring of sanctions on the theocratic regime. In response, Iranians are turning to Bitcoin and cryptocurrency to protect their savings from potential future banking restrictions and currency volatility as sanctions storm in. Iranians Turn to Bitcoin, Despite Launch of Local Cryptocurrency Hassan Rouhani, the President of the Islamic Republic of Iran, could be the next state leader experiencing what cryptocurrencies can Read more …

Bank of America (BoA) doubled down on its decision to stop customers buying Bitcoin with its credit cards May 10. The bank’s official called cryptocurrency “troubling,” according to CNBC. Speaking to CNBC in an edition of the network’s Squawk Box segment, BoA’s CTO Kathy Bessant said that cryptocurrencies are “designed to be not transparent” and thus hinder banks’ attempts to catch “bad guys.” “As a payment system, I think it’s troubling, because the foundation of the banking system is on Read more …

Finance Well-known hedge fund manager Michael Novogratz has launched a cryptocurrency benchmark index in partnership with Bloomberg. The index, designed to track the performance of the largest, most liquid coins, consists of 10 cryptocurrencies at its inception. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Crypto Index Michael Novogratz. Galaxy Digital Capital Management and Bloomberg announced on Wednesday the launch of a cryptocurrency benchmark index called Bloomberg Galaxy Crypto Index (BGCI). Galaxy Digital Capital Management LP Read more …

CCN spoke with NANO lead developer Colin LeMahieu right before a live-streamed Q&A carried out earlier today. LeMahieu told CCN that the presentation would be an introduction to NANO as well as himself, and said he was looking forward to it very much, saying “I’ll be highlighting what makes Nano unique and what our team envisions for Nano as we move into the future.” While different cryptocurrencies are focusing on different use cases (cross-border payments, long-term stores of value), NANO Read more …

The Australian government is considering a framework governing emerging technologies such as blockchain in order to transform trade, an official said May 10. According to news site ZDnet, the spokesperson from Australia’s Department of Home Affairs (DHA) said the technology could have a significant positive effect on the country’s trade supply chain. The unnamed spokesperson told a committee meeting: “Intelligence and risk assessment capabilities and revenue collection are improved by new and emerging technologies, such as blockchain, that would improve Read more …

Blockchain technology is allowing us to build a decentralized economy in a largely centralized society. The cryptocurrency’s underlying technology has opened the path to democratic environments, to self-regulated economic models governed by market laws and mechanisms. Soon, we will have a tokenized economy where we tokenize everything including social interactions, and these tokens will be the life-blood of the new system. Leading this new wave of social change is the largest Q&A social network in the world, ASKfm. ASKfm is, Read more …

The People’s Republic of China is setting up national standards for the blockchain technology, according to reports. Related government departments will establish a national blockchain and distributed Accounting Technology Standardization Committee by the end of 2019. China to Establish National Blockchain and Blockchain Standards China’s approach to cryptocurrencies has led many trading platforms and digital currency miners to leave the country in search for crypto-friendly environments. But while banning initial coin offerings and the use of digital assets as means Read more …

Infinito Wallet, a fintech startup registered in the Isle of Man, UK, has launched a multi-asset cryptocurrency wallet allowing users to store major coins and tokens. Since different coins are based on separate blockchains, until recently, it was impossible to store them at the same wallet address. Sending BTC to an altcoin address, for example, might lead to an irretrievable loss of funds. Users had to manage multiple wallet apps, addresses, and passwords for each coin, cluttering their phone and Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Iran has seen over two and a half billion in capital outflows toward cryptocurrency purchases according to a senior government official while the central bank cools talk of a banking blockade on the sector. Iranian citizens have spent over $2.5 billion in buying cryptocurrencies beyond the country’s borders so far, the head of the Iranian Parliament’s Economic Commission told local publication IBENA over the weekend. Majils Read more …

More money is being poured into crypto cats. Well, cats, and the slew of other non-fungible digital items made possible by new token standards, such as ethereum’s ERC-721. And these crypto collectibles now have a home in OpenSea, a marketplace for allowing users to buy and sell these items – an Ebay for CryptoKitties if you will. Coming out of Y-Combinator last winter, OpenSea today announced a $2 million seed equity round led by 1confirmation, with participation from a series Read more …

A sale of Simple Agreements for Future Tokens (SAFTs) for KODAKCoin – the forthcoming digital rights token bearing the name of imaging company Kodak – is set to begin later this month. The offering, which is limited to accredited investors, will start on May 21, WENN Digital announced on Thursday. Kodak licensed its brand to the firm for the project, which involves a digital rights management platform that has its own built-in cryptocurrency. KODAKCoin and its planned sale were first Read more …