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Elon Musk Reveals His True Opinion on Bitcoin and Crypto

News After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20 podcast. Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions. The billionaire has recently been ..

The Problems with Fiat Currency & How It’s About to Go Digital

Even many of cryptocurrency’s harshest critics acknowledge that there are serious problems with fiat currencies. Strangely, enough the most outspoken critic of government-issued currencies; former International Monetary Fund (IMF) Chief Economist Kenneth S. Rogoff, is also a foe of cryptocurrency. ..

Why Bitcoin: China Testing Ban of Cash Transactions to Stave Off Crime

The need for a form of decentralized money like Bitcoin was just validated… again. The reason: one of the world’s largest economics has just announced that it will be restricting large cash transactions, seemingly to eliminate crime, control the capital of their citizens better, and to force centra..

Central Bank of China Starts Trials to Restrict Large Cash Transactions

News The People's Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the move paving the way for its upcoming digital Renminbi token (RMB). On Nov. 14, local news outlet Xinhua..

All 7-Eleven Stores Across the Philippines Now Sell Bitcoin

News Cryptocurrency investment app Abra starts selling crypto for cash in all 7-Eleven stores across the Philippines with a new partnership with payment processor ECPay. Crypto in 6,000 outlets in the PhilippinesAbra announced on Sept. 18 that the partnership will bring crypto to 6,000 retail outl..

When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many Aussies are cel..

Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’

A pilot program saw Oxfam distribute financial aid in the form of tap-and-pay cards developed for Sempo’s payment platform that were loaded with DAI to 200 citizens of Vanuatu to test the efficacy of blockchain-based disaster relief solutions

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