British Financial Historian Niall Ferguson Says Bitcoin Is ‘an Option on Digital Gold’

Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option an digital gold,” as he said in a interview with a blockchain magazine Breaker Mag on Feb. 13. Ferguson, a world famous historian and author fourteen books such as The Ascent of Money, declared that Bitcoin itself is “only money in a very limited sense,” stressing that the oldest cryptocurrency is incapable of being money as a means of payment due to massive volatility. However, in near future, Bitcoin’s main function will be serving as a…

British Financial Historian Niall Ferguson Says Bitcoin Is ‘an Option on Digital Gold’

Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option an digital gold,” as he said in a interview with a blockchain magazine Breaker Mag on Feb. 13. Ferguson, a world famous historian and author fourteen books such as The Ascent of Money, declared that Bitcoin itself is “only money in a very limited sense,” stressing that the oldest cryptocurrency is incapable of being money as a means of payment due to massive volatility. However, in near future, Bitcoin’s main function will be serving as a…

Cryptocurrency App Abra Will Allow Investment Option For Stocks and ETFs with Bitcoin

Cryptocurrency wallet app Abra announced new features allowing everyone, everywhere in the world to invest in traditional stocks, commodities and exchange-traded funds or ETFs using Bitcoin. The company plans to start with popular US stocks and ETFs and add more global assets in the coming months. These major stocks include Facebook, Apple, Amazon, Google, Netflix, and commodities such as SPDR Gold Trust, among others. The US-based firm announced early access registration to the platform. This would allow users in 155 countries to invest in 50 new traditional investment assets with…

Abra Wallet Introduces Bitcoin Investment Option for Stocks and ETFs

Digital wallet Abra has introduced new features enabling global investors to invest in shares and exchange-traded funds (ETFs) using Bitcoin (BTC), according to a press release shared with Cointelegraph on Feb. 6. The United States-based firm has announced early access registration to the platform, allowing investors in more than 155 countries to invest in 50 new traditional investment assets with zero trading fees through the rest of 2019 using the leading crypto. Those assets reportedly include major stocks such as Facebook, Apple, Amazon, Google, Netflix, commodities such as SPDR Gold…

Coinbase Extends PayPal Withdrawal Option to 32 European Countries

Coinbase customers in the EU and the European Free Trade Association (EFTA) countries can now make withdrawals into their PayPal accounts. The San Francisco-based cryptocurrency exchange announced the news Tuesday, explaining that, until now, European customers have had only Single Euro Payments Area (SEPA) and UK Faster Payments options available for withdrawals. The expanded service means customers of 32 European countries will now have the PayPal withdrawal option, with a total of 28 member countries in the EU and the four nations of the EFTA: Iceland, Liechtenstein, Norway and Switzerland. Support for…

UK Parliament Member Suggests Making Bitcoin a Payment Option for Local Taxation System

A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported by local news outlet Express.co.uk on Dec. 10. The article notes that Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, described himself as a “crypto enthusiast with amateur knowledge.” He notes that blockchain gets a lot of attention and members of the parliament “have a duty to understand it.” Hughes further explained that…

Online Bank Swissquote Enters ICO Market With Purchase and Custody Option for Clients

Swiss online financial services provider Swissquote announced it had become “the first bank worldwide” to offer purchase and custodial services of (Initial Coin Offering) ICO tokens for clients in a press release Monday, Oct. 22. Swissquote, which has offered various cryptocurrency-related services to account holders since 2016, began its latest service by allowing them to purchase ICO tokens from industrial diamond manufacturer LakeDiamond. Explaining the move, the bank said it was now no longer necessary for ICO consumers to “understand blockchain.” “Combining crowdfunding with the blockchain creates a new form…

United Arab Emirates to Allow ICOs as Corporate Funding Option

The United Arab Emirates (U.A.E.) has announced plans to introduce new rules that would permit initial coin offerings (ICOs) as a fundraising method for domestic companies. Intended for introduction in 2019, the new rules would allow firms to raise capital via crypto token sales as an alternative to traditional methods such as IPOs, according to a Reuters report published Monday. The news was revealed by the head of the U.A.E.’s securities watchdog, Obaid Saif al-Zaabi, who said at a seminar today: “The board of the Emirates Securities & Commodities Authority has approved…

Improving Ethereum (ETH) Is A Better Option than Creating New Blockchains

The ICO boom of 2017 and early 2018, ushered in a new era of individual blockchain projects that aimed to solve a lot of the issues on the Ethereum (ETH) network. The most prominent ones have so far released a final product in the form of a mainnet, with others in the last stages of launching one. This is best exemplified by Tron that recently launched its Mainnet, as well as EOS. Zilliqa on the other hand, is on the cusp of launching its Mainnet at the end of this…

R3, Ripple Settle Legal Dispute Over XRP Purchase Option

Blockchain startups Ripple and R3 have resolved a legal battle that saw both firms filing suits over a contract dispute. A representative from R3 confirmed the settlement to CoinDesk in an email, saying: “R3 HoldCo LLC, R3 LLC, Ripple Labs Inc. and XRP II, LLC announce that they have reached a settlement of all outstanding litigation between the parties. The terms of the agreement will remain confidential and both sides look forward to putting these disputes behind them.” The spat went public just over a year ago, when it was…