Putin Adviser Says ‘CryptoRuble’ Will Circumvent Sanct… | News

At a recent government meeting, Sergei Glazyev, economic adviser to President Putin, said the ‘CryptoRuble’ could help alleviate the pressure of Western sanctions, The Financial Times reported Monday. However, there is still no unified official stance from the Russian government on the question of issuing a national digital currency. The Russian CryptoRuble is essentially a …

Peter Thiel’s VC Fund Invests Millions Into Bitcoin, M… | News

Peter Thiel’s San Francisco-based venture capital firm Founders Fund has invested millions of dollars into Bitcoin (BTC), the The Wall Street Journal (WSJ) reported today, citing sources “familiar with the matter”. The Fund reportedly invested $15-20 million into Bitcoin, which has grown into hundreds of millions in the past year. Since Jan. 1, 2017, BTC …

Forks in the Road: 2017 Bitcoin Forks | News

2017 has come and gone, shaking up the cryptocurrency world with a swathe of newcomers interspersed with stellar highs and some sobering price corrections. Bitcoin ended the year having grown over 1,000 percent in value over 12 months. However, that didn’t stop the community forking away from the preeminent currency. These forks had varying degrees …

Alternative Blockchain Uses: Elections, Product Review… | News

Decentralization and its effect on the economy is a controversial topic that has pervaded discussion throughout online communities as well as mainstream and alternative media outlets thanks, in part, to Bitcoin’s roller-coaster ride throughout 2017. This phenomenon has also threatened the infrastructural payment processing monopolies whose power has traditionally owed to their near-absolute control over …

South Korea Law Firm Fights New ‘Unconstitutional’ Cry… | News

Seoul-based law firm Anguk Law Offices announced Tuesday that it had filed a constitutional appeal on Dec 30 over the South Korean government’s recent cryptocurrency trading regulations, calling them an “infringement of property rights”, The Korea Times reports. The appeal argues that the latest government regulations of cryptocurrency trading released last week, which seek to …

Egypt’s Top Cleric Declares Bitcoin Trading ‘Unlawful’ | News

Egypt’s highest official of religious law, Grand Mufti Shawki Allam, called Bitcoin trading “unlawful” under Sharia law, online publication Ahram reported today. In the fatwa issued Monday, Allam wrote that Bitcoin isn’t an “acceptable interface of exchange” and is therefore unlawful to trade. The cleric also cited Bitcoin’s potential for money laundering and pointed out that …