Today’s biggest price swings in cryptocurrency, as measured by a survey of eight exchanges.
Bitcoin continued to set new records, rising as high as $6,400 in single-coin pricing today on the Bitfinex exchange. This marks the second consecutive day legacy bitcoin (BTC) has set a new all-time high.
The rest of the cryptocurrency markets basically stood still today,
The Russian government-owned bank Vnesheconombank (VEB) is currently in collaboration with e-procurement platform Roseltorg to come up with a transparent way to handle electronic transactions between businesses and government customers.
The new initiative would also seek to store and verify transactions, and could be in place before the year ends or by early 2018.
A new patent application by Sony Corp. suggests the Japanese tech company has turned to blockchain technology to help protect its network.
Sony, aware how hackers and other malicious mischief have taken advantage of users thanks to its embarrassing incident over alleged hacking by North Korea,
Two consumer agencies designed to educate citizens on the intricacies of cryptocurrency are reportedly set to be created in Vladivostok, Russia. The move follows Russian President Vladimir Putin’s recent mandate on cryptocurrency regulations, which are set to be finalized in July of 2018.
The new government agencies will be the Crypto-Advisory and Crypto-Detective agencies,
360 Blockchain Inc. has appointed Jeff Koyen as a Strategic Advisor to focus on the company’s business development.
“We are thrilled to welcome Jeff to the 360 team,” said Brian Keane, Director. “Jeff Koyen is an award-winning journalist and entrepreneur who has been active in cryptocurrency and blockchain as an investor and trader since 2014.
The government of Iran has been conducting studies into how to prepare an infrastructure to use bitcoin within the country, according to Deputy Minister of Information and Communication Technology Amir Hossein Davaee.
Currently, Iran has no specific regulation on digital currencies. However, a number of online exchange websites (licensed by the e-commerce sector’s regulatory body) buy and sell bitcoin.
Japan’s Financial Services Agency (FSA) has warned investors of risks associated with initial coin offerings (ICO).
The FSA said that investors should be aware that “the price of a token may decline or become worthless suddenly,” after or during an ICO.
The Banque du Liban (BDL), the central bank of Lebanon, is planning to introduce its own cryptocurrency, according to the central bank governor.
Speaking at the Beirut Corporate Social Responsibility conference, Governor Riad Salameh said the BDL understand that electronic currency will play a prominent role in the future.
The European Commission has committed 30 billion euros of funding on technology initiatives, including 2.7 billion euros to establish a European Innovation Council.
The investment would come through the European Union’s Horizon 2020 initiative, which to date has 77 billion euros at its disposal to support European scientific advancement.