Tensions between China and the U.S. over steel tariffs and increasing protectionist measures on a global trade are predicted to drive a rebound in demand for Bitcoin and other cryptocurrenices as a store of value to hedge against political risk, according to investment analysts. The recent escalation between President Trump...
deVere Group hails 'rapid slew of indicators' for cryptocurrency uptake HMRC’s bid to claw back taxes on cryptocurrencies demonstrates the digital assets are the future of money, affirms the CEO of one of the world’s largest independent financial advisory organisations. Nigel Green, chief executive of...
Dallas-based money transfer giant MoneyGram is to partner with blockchain firm Ripple to use its XRP crypto-token for international transfers. “Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid... We’re hopeful it will increase efficiency and improve services to MoneyGram’s customers," Alex Holmes, chief...
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The price of gold has reached a four month record - reaching US$1,333.10 a troy ounce - as the US dollar dropped The price rose for the third session in a row, with spot gold climbing to US$1,332.52 per troy ounce. "There is a lot of doubt on how long prices...
The cryptocurrency sector may be set to grow significantly, hitting a record US$1 trillion in the next six months, according to a new survey by The Association of Financial Analysts. In total, the largest proportion of respondents (42 percent) expected the market to return to growth, either returning to the...
Bank of China is reportedly making plans to implement cryptocurrency XRP, developed by FinTech firm Ripple, for international payments. The state-owned bank is of China's "Big Four" state-owned commercial banks and fifth largest in the world by total assets and if implemented, the unconfirmed plans would signal strong support for...
National lender State Bank of India is reported to be considering a tie-up with cryptocurrency firm Ripple to power instant remittance payments into the country. The crypto-firm has seen rapid growth in interest in the country following news last month that Kotak Mahindra Bank would implement its xCurrent system for payments. India’s...
Authorities in South Korea appear to be softening plans to control Bitcoin trading in the country.  Rumours had appeared suggesting that the government might step in to ban or heavily regulate cryptocurrency exchanges but the outlook is now focused more on ICOs and new offerings.  Following the removal of a senior...
Since its first inception, Money has been evolving; from seashells and hides to gold and paper bills the means of converting and transferring value has always been changing. Now, a raft of new technology firms are exploring ways to evolve again as the constraints of currency transactions look to be...