A small Spanish city has debuted an “Elio” digital currency to help with transactions, Finance Magnates reported. The digital currency, which is pegged to the euro, will let the City Council of Lebrija provide economic assistance to just under 600 chosen beneficiaries. The council has...
Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. The Singapore-based...
XRP’s price plummeted once more on Wednesday (Dec. 23) following the U.S. Securities and Exchange Commission’s lawsuit contending that the blockchain firm connected to the digital currency held a $1.3 billion securities offering that was not registered, CNBC reported. The agency is suing Ripple, along...
Italian police charged the former head of cryptocurrency exchange BitGrail, identified by the initials of “F.F.,” with money laundering, fraudulent banking and computer fraud, Reuters reported. “It is the biggest cyber-financial attack in Italy and one of the biggest in the world,” the police said...
Binance has purportedly started notifying U.S. users by email that they have 14 days to shutter their accounts and take out all their money or have their accounts locked, Decrypt reported. The email reportedly told users that the firm found that they were aiming to...
Bank of England Chief Economist Andy Haldane advocated for the potential benefits digital currencies can offer in a recent speech given at TheCityUK 10th Anniversary Conference on Wednesday (Nov. 18). Haldane said the adoption of digital currencies would cause a structural shift in monetary policy,...
Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. 18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. It fell slightly, hitting 17,542.52 as of 3:39 p.m. Eastern Time. While the digital coin has been going through waves...
Bitcoin is briskly getting close to the peaks that brought about a crypto madness and concluded with a dramatic market downfall nearly three years prior, Bloomberg reported. The digital currency reached a high of approximately $17,860 on Tuesday (Nov. 17). It has risen by over...
The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported. The border-free network of bitcoin allows for money to be easily moved in any amount internationally, according to the outlet, which noted that the rise in...
