Cryptocurrencies Will Never Replace Money, Says Bank Of International Settlements

News | June 18, 2018 By:

The Bank for International Settlements (BIS) claims that cryptocurrencies are afflicted with inherent contradictions that make their widespread use as money impossible.

The BIS is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks.” It carries out its work through its meetings,


Blockchain Patent For Crypto-Powered Electrical Grid Awarded To Walmart

News | June 15, 2018 By:

Retail giant Walmart has won a patent for an electrical grid that will be powered by bitcoin or other digital currency.

The patent, which was awarded by the US Patent and Trademark Office (USPTO) earlier this week, is for a system designed to help companies better manage energy consumption and regulate demand on an electrical grid using blockchain or another type of distributed ledger.


Internet Firm Spot.IM Seeks Israel Authorities’ Approval To Pay Salaries In Bitcoin

News | June 15, 2018 By:

Social network company Spot.IM is seeking approval from the Israel Tax Authority (ITA) to allow the company to give employees the option of getting paid in bitcoin.

Spot.IM is a social engagement platform that builds online communities around digital content. The company works with publishers to bring conversations back from social networks to publisher sites.


Blockchain Firm SolidX, VanEck Partner To Launch Physically-Backed Bitcoin ETF

Announcements, News | June 7, 2018 By:

Blockchain firm SolidX has partnered with money management firm VanEck to launch a physically-backed bitcoin exchange traded fund (ETF).

SolidX is software development and financial services company focused on bringing blockchain technology to enterprise customers. The company has been involved with the bitcoin ecosystem since 2011 and with the financial markets since the early 2000s.