Bitcoin was originally designed as a peer-to-peer electronic cash system, but its potential as an expanding asset ended up superseding its original purpose. In a peer-to-peer electronic cash system, online payments are sent directly from one person to another without using a bank or another financial institution as an intermediate....
The People’s Bank of China has plans to create its own state-backed virtual currency. The bank’s Vice-Governor, Fan Yifei summarized the bank’s vision for the cryptocurrency in an editorial published by Yicai.
For years, there have been reports that consumers have unintentionally been purchasing tuna from fishing operations that use slave labor. Now, the World Wide Fund for Nature (WWF) has begun using blockchain to eliminate illegal fishing in the Pacific Islands’ tuna industry.
Because of ample interest in cryptocurrencies and marijuana-related securities, retail investor activity is intensifying. Tim Hockey, the President of TD Ameritrade, told CNBC there has been “frenetic activity from a retail point of view.”
Coincheck, the Japanese cryptocurrency exchange, just fell victim to the largest digital currency hack in history. Coincheck executives verified that the hackers stole around $530 millions worth of a cryptocurrency called NEM.