Romanian Central Bank Official Says Crypto Will Not Fulfil Basic Roles of Currency

An official from the Romanian central bank has stated that cryptocurrency will not replace currency issued by central banks as it is not necessarily a currency. The news was published by local media outlet Business Review on April 16. Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, reportedly stressed the necessity to be aware of the difference between institutions and their roles, ensuring that those roles will not disappear. Daianu also addressed the importance of making the distinction between blockchain technology and digital currencies. Daianu said:…

Major Auditing Firm Ernst & Young Releases Updates to Two Blockchain-Related Products

Big Four auditing firm Ernst & Young (EY) has released two new blockchain developments, a new version of its Blockchain Analyzer and a zero knowledge proof protocol. The company revealed the products in two separate press releases on April 16. EY has launched the second generation of its analytics tool EY Blockchain Analyzer. While the first generation of the product was available to only EY audit teams facilitating gathering companies’ entire transaction data from multiple blockchain ledgers, the upgrade made the analyzer accessible for EY teams and non-audit customers as…

President Trump’s Proposed Remittance Tax is Pushing Bitcoin Adoption

President Donald Trump’s proposed remittance tax, which would levy additional fees on money being sent outside of the United States in an effort to curb immigration, could have the end effect of driving cryptocurrency adoption. While much of the geopolitical focus of cryptocurrency has been on the development of Brexit and the potential impact on the Euro and British Pound, a story developing in the United States could have widespread ramifications for the industry. According to data compiled by analytics firm Coin Dance, which looks at Bitcoin and cryptocurrency use…

President Trump’s Proposed Remittance Tax is Pushing Bitcoin Adoption

President Donald Trump’s proposed remittance tax, which would levy additional fees on money being sent outside of the United States in an effort to curb immigration, could have the end effect of driving cryptocurrency adoption. While much of the geopolitical focus of cryptocurrency has been on the development of Brexit and the potential impact on the Euro and British Pound, a story developing in the United States could have widespread ramifications for the industry. According to data compiled by analytics firm Coin Dance, which looks at Bitcoin and cryptocurrency use…

Blockchain Firm Digital Asset Integrates Smart Contract Language With Hyperledger

Blockchain software firm Digital Asset will integrate their smart contract language DAML with Hyperledger Sawtooth, a modular platform for distributed ledgers. Digital Asset announced the development in a blog post on April 16. In the post, Digital Asset revealed that it has begun working with Hyperledger members, Blockchain Technology Partners (BTP), in order to integrate the Digital Asset Modeling Language (DAML) runtime with Hyperledger Sawtooth, which is a modular platform for building, deploying, and running distributed ledgers like blockchains. The company explained that a number of the Hyperledger Sawtooth characteristics…

BlockShow Launches Crypto Fundraising Campaign for Notre Dame Reconstruction

BlockShow, an international blockchain event powered by Cointelegraph, has started a campaign to raise cryptocurrency for the Notre Dame cathedral reconstruction. The news was announced on BlockShow’s official Twitter account on April 16. In the tweet, the team behind BlockShow revealed that it has initiated a fundraising campaign for the Notre Dame reconstruction following the devastating fire that engulfed the cathedral yesterday, April 15. The BlockShow team posted two digital currency wallet addresses where everyone interested can transfer donations in both bitcoin (BTC) and ethereum (ETH), as well as a…

Bitcoin Traders Eye $5,600 As BTC Suddenly Ticks Higher: Can The Rally Continue?

Over the past few hours, Bitcoin (BTC) and its altcoin brethren have begun to quietly rally. As of the time of writing, BTC is up 3.5% in the past 24 hours, finding itself trading for $5,240 apiece, according to data compiled by Coin Market Cap. This move isn’t as notable as early-April’s 15% daily gain, which saw retail and institutional trading activity ignite as BTC rallied past two key resistance levels, $4,200 and $4,600. However, the recent influx of buying pressure comes after cryptocurrencies experienced a rapid 10% sell-off during…

UK and Europe-Based Users Can Now Buy Bitcoin Cash Inside the Bitcoin.com Wallet

In the summer of 2017, Bitcoin.com launched its open source light client and since then more than 3.8 million wallets have been created. We’ve since added a load of new features to the wallet software and as of April 15, 2019, Bitcoin.com Wallet users in the UK and Europe can purchase bitcoin cash (BCH) directly inside the wallet. Also read: This Version of Lode Runner Is Fueled by BCH-Powered SLP Tokens Bitcoin.com’s New Buy Feature Aims to Spread Economic Freedom Globally Bitcoin.com strives to be the leading destination for all…

UK: Corporate Traveller Allies with BitPay to Accept Bitcoin Payments

Corporate Traveller, a leading UK-based business travel management firm centered on servicing enterprise clients with small to medium travel spend requirements, has joined forces with BitPay, a highly reputed bitcoin payments processor, to enable the former to start accepting Bitcoin (BTC) from clients, according to a press release on April 15, 2019. Now Accepting Bitcoin In a bid to foster convenience and flexibility by offering its clients more payment options, Corporate Traveller has partnered with BitPay to integrate Bitcoin (BTC) and bitcoin cash (BCH) as legal tenders. With the new…

Crypto Markets Report Modest Gains, Gold Sees Slight Losses

Tuesday, April 16 — cryptocurrency markets have registered moderate gains over the past 24 hours, with only Bitcoin SV (BSV) trading in the red among all top 20 coins by market capitalization, according to Cointelegraph’s Coin360. Market visualization from Coin360 The leading digital currency bitcoin (BTC) started the day around $5,054, subsequently reaching its current price —  which is the coin’s intraday high — of $5,223, being up by 3.16% at press time. Bitcoin 24-hour price chart. Source: CoinMarketCap The second largest cryptocurrency by market capitalization ethereum (ETH) is trading…