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Adams stressed that blockchain technology can help combat income inequality and serve as a tool for giving incentives to residents. He said governments can use blockchain technology to send food stamps directly to digital wallets, put public records on the blockchain, or give out a dollar-to-dollar reimbursement for such products
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Warren Buffett's Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that's also popular among the country's Bitcoin investors.In a securities filing late Feb. 14, the industrial conglomerate disclosed that it had purchased $1 billion worth of
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Kanye West announced on Independence Day that he is running for president of the United States in 2020, taking on Donald Trump and former Vice President Joe Biden. Responding to the bitcoin-friendly singer with 21 Grammy Awards, Tesla and Spacex CEO Elon Musk said West has his full support.Kanye
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The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar.Top US Banking Regulator Is Pro-CryptoBrian Brooks recently became the new acting
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Square, a mobile payments platform, recently announced the addition of a new feature that would enable users to deposit their COVID-19 stimulus payment to its bitcoin-friendly Cash App. Square’s Cash App Now Allows COVID-19 Stimulus Package Deposits According to a blog post, Square’s Cash App announced that users eligible for the
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The U.S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de novo industrial
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Bitcoin (BTC) aware Millennials are set to inherit almost $70 trillion of value from the Baby Boomer generation by 2045.Data compiled and originally released in a November 2019 report by digital asset management firm Coinshares revealed those who grew up with Bitcoin will soon benefit from savings worth over
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SEBA Bank AG, a Swiss-based, lender licensed by the nation’s Financial Market Supervisory Authority (FINMA) to offer a range of traditional banking services as well as cryptoassets products to its clients, has now expanded its operations to nine new jurisdictions including Italy, Germany, and Singapore, among others, according to reports
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Singapore has released the consultation paper on the proposed Bitcoin derivatives. Retail investors might not be allowed to trade in the crypto products. The Monetary Authority of Singapore says the move is driven by demand. Singapore’s central bank could soon authorize the trading of derivatives referencing cryptocurrency assets such as Bitcoin and Ethereum.
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