When humans first started settling and storing grain, the aspect of exchanging value became a prominent feature between societies, empires and civilizations. The first means of exchange happened through the barter system, where people exchanged commodities for commodities. Over time, however, it was apparent that exchanging commodities in large quantities was cumbersome and dangerous. Money... Continue Reading →
The History and Functions of Banking The history of banking can be traced back to early civilizations, particularly after human beings transitioned from operating in isolated hunter-gatherer communities, to larger agricultural societies sometime after 12,000 BC. Before currencies were created, merchants and traders largely dealt in food grains and food cattle. This system is called... Continue Reading →
After UNICEF's initiative with blockchain, investing in 6 companies to develop blockchain solutions for global challenges, two more international organizations are considering the use of blockchain and crypto. The efforts of these two organizations will largely be concentrated on educating its members on the technology and the digital currency. According to an announcement made on... Continue Reading →
When the floodgates of the Bitcoin era opened up about a year back, the world was introduced to the concept of digital coins. Though people had been mining it for years, it was now taking center stage. No longer was it unusual to hear of news floating around about how there was a whole building... Continue Reading →
According to foreign exchange news agency, FXStreet’s report on April 11, insurance markets in France will not be able to invest in cryptocurrencies. The National Assembly of France, on April 11, adopted a bill designed to stimulate local business development which includes redirecting savings from individuals to businesses. The National Assembly voted 147 in favor... Continue Reading →
Bank Frick, a Liechtenstein-based bank made an announcement on April 9 that it is issuing an active Bitcoin and Ethereum-based tracker in conjunction with digital finance firm, Bitcoin Suisse Starting on April 10, the bank will offer institutional and qualified investors access to its BTC-ETH tracker. The certificates of the tracker will be in the... Continue Reading →
Yet another country is allowing the listing of blockchain-based securities to its stock exchange. Earlier this month, Jamaica’s principal stock exchange, the Jamaican Stock Exchange got into an agreement with Canadian fintech firm, Blockstation, to enable the live trading of digital assets and security tokens in a regulated secured environment. Now, the Gibraltar Stock Exchange... Continue Reading →
IBM has added to its list of blockchain patents with the latest being the implementation of managing data and interactions for self-driving vehicles (SDVs). The United States Patent and Trademark Office published the patent on April 2. IBM has previously filed extensive patents for various inventions related to autonomous cars. The multinational giant outlined that... Continue Reading →
Jamaica is the latest country slated to include Bitcoin into its principal stock exchange, the Jamaican Stock Exchange, further blurring the lines between crypto and mainstream assets. Boerse Stuttgard, Germany’s second largest stock exchange is expected to launch cryptocurrency exchange in the second quarter of 2019. Last year, Switzerland’s SIX group, the operator of the... Continue Reading →
Since the dawn of the crypto era, Bitcoin has widely been regarded as the front runner in the industry and spearheaded the revolution back in 2009. However, in more recent times, amidst the bear market of 2018, several other coins have emerged from the shadows and thrown down the gauntlet to challenge Bitcoin’s supremacy. This... Continue Reading →
It seems as though Switzerland might be the frontrunner, amidst nations and jurisdictions, in the race to creating an ecosystem that allows its participants to use cryptocurrency as payments. In February, Julius Baer partnered with Seba to offer its clients cryptocurrency storage, transactions and investment solutions. Last week, a Swiss mortgage bank, Hypi Lenzburg, partnered... Continue Reading →
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