Florida’s Denison Yachting announced on Friday that digital currency owners can use their cryptocurrencies at the Miami International Boat Show to buy a luxury yacht. The company had previously made such transactions possible through BitPay, with customer crypto holding converted into fiat currency to make the purchase.
Online news and opinion outlet Salon has introduced a new policy to help it recover revenue losses resulting from the growing use of adblocking software. The company now gives readers a choice when they arrive at the site: they can disable their ad blockers, or they can agree to allow Salon to use their computers’ unused processing power to mine digital currency.
The Ontario Securities Commission has formally approved Canada’s first blockchain exchange-traded fund (ETF). The fund is expected to be launched on the Toronto Stock Exchange this week.
Shares of Long Blockchain Corp. enjoyed a 4 percent increase on Friday, after the company announced that it will no longer be purchasing 1,000 Bitcoin mining rigs. Instead, the company formerly known as Long Island Iced Tea will focus its attention on its proposed merger with British technology firm Stater Blockchain Ltd.
Brisbane Airport has announced that it plans to begin accepting digital currencies in its restaurants, bars, and shops. The Australian airport has reportedly signed a deal with TravelbyBit Australia that will enable it to accept a variety of different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, and Steem, according to a report in The Telegraph.
South Korean media reported this week that tech giant Samsung Electronics is manufacturing chips designed for cryptocurrency mining. The chips are being made by the company’s Foundry chipset business and provided to a Chinese Bitcoin mining hardware manufacturer, according to a report in The Bell.
In a statement on Monday, Chinese bitcoin exchange BTCC announced that it has been acquired by a blockchain investment fund based in Hong Kong. The company says that it will now focus its attention on serving international markets through its main products: BTCC Pool, USD Exchange, and Mobi. The company’s co-founder, Bobby Lee described the acquisition as a milestone:
The U.S. Commodity Futures Trading Commission today announced two new enforcement actions related to alleged fraud in the cryptocurrency industry. The commission filed actions against US-based Cabbage Tech, Corp. DBA Coin Drops Market (CDM) and The Entrepreneurs Headquarters Limited, which is registered in the UK. Both entities are accused of various types of fraud involving digital currency tokens.
Visa CEO Alfred Kelly recently offered his thoughts on whether the credit card company might offer cryptocurrency payment processing in the near future. On Tuesday. CNBC interviewed Kelly during a conference of the National Retail Federation. Kelly suggested that digital currencies like Bitcoin are not money, and said that Visa will not process those types of transactions:
With the value of Bitcoin and other digital currencies in steep decline in recent days, many skeptics are once again racing to write cryptocurrency’s obituary. However, billionaire entrepreneur and Dallas Mavericks owner Mark Cuban appears to see things differently. In response to a Twitter question about when his team’s fans would be able to use Bitcoin to purchase tickets to the game, Cuban offered a two-word response:
ATW Tech subsidiary Voxtel is reportedly planning to integrate the EMC2 digital currency throughout its platforms, thanks to a partnership between its parent company and the Einsteinium Foundation. The plan was announced in a recent press release, and involves a four-phase plan to deploy the cryptocurrency for Voxtel platforms like messaging, voice services, and mobile donations.
On Tuesday, Kodak announced plans to create a new blockchain-based image rights platform it is calling KodakOne, as well as a new cryptocurrency called KodakCoin. The platform will provide photographers with a secure digital record of their ownership rights. The new currency will allow photographers to participate in what the company is calling “a new economy for photography.”
According to Egyptian media reports, Egyptian Grand Mufti Shawki Allam has issued an official fatwa that declares Bitcoin impermissible under Islamic Sharia law. The nation’s top imam reportedly released the fatwa on Monday, declaring that the “virtual currency” is forbidden since it has no backing from centralized authorities and carries with it a risk that traders could suffer financial ruin.
The Indian government issued a cautionary statement to cryptocurrency investors on Friday, warning them about a “real and heightened risk of investment bubble of the type seen in Ponzi schemes.” The statement was issued by the finance ministry, and echoed similar warnings from the Reserve Bank of India (RBI) in early December. The warning suggested that those investors could suffer losses in the event of a sudden crash.
Bitcoin’s recent price volatility has earned it no small measure of criticism from key players in the world of high finance and government regulation. Recently, the Commonwealth of Massachusetts’ chief securities regulator William Galvin added his voice to that chorus of negative critiques during an appearance on CNBC’s Fast Money, when he suggested that Bitcoin “doesn’t pass the smell test.”
DNotes Global Inc. announced on Tuesday that the company has partnered with technology firm Geneca to expand its development efforts in preparation for the launch of DNotes 2.0 in early 2018. According to the company’s press release, the partnership will help bolster the DNotes ecosystem and provide the technological boost DNotes needs to rapidly expand in the coming year.
The New York Stock Exchange (NYSE) has filed for approval from the Securities and Exchange Commission to list two exchange-traded funds that track Bitcoin futures. The exchange wants to list the ProShares Short Bitcoin ETF and the ProShares Bitcoin ETF – two funds that were submitted for SEC approval three months ago.
The head of the UK’s Financial Conduct Authority (FCA) has a message for anyone thinking about investing in Bitcoin: only invest if you’re prepared to lose your money. In a recent interview, the FCA’s Andrew Bailey cautioned would-be Bitcoin buyers to invest carefully, since the current dramatic price increases for cryptocurrencies like Bitcoin could eventually end.
2017 has been a breakout year for digital currencies, as many of the most popular coins have seen their prices increase to dramatic new heights. That increase in price has generated an unprecedented interest in cryptocurrencies, as media outlets, financial institutions, and government officials around the world have weighed in with analysis, reports, and opinions. Public interest has also been strong, as evidenced by recently-released information from Google.
Liberty Leaf Holdings Ltd. has announced a partnership with BLOX Labs Inc, for the development of a blockchain-based smart contract platform for use in supply chain management within the legalized Cannabis industry. When complete, cannaBLOX will provide the supply chain transparency necessary to gain the trust of regulators.