In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Judging by the latest Bank of America patent, the bank is thinking about creating an automated system that will help companies make cryptocurrency conversions and transfers.
Former Fortress fund manager Novogratz said on CNBC's Fast Money that Bitcoin's value could approach $40,000 by the end of 2018. “Ethereum, which just hit or is approaching $500, could triple.” - Mike also thinks.
Mexico's upper house of the national legislature has approved a financial technology bill that would bring local Bitcoin exchanges under the control of the central bank.
Speaking on the sidelines of the Fortune Global Forum in China, Yahoo co-founder Jerry Yang said: "Bitcoin as a digital currency has not yet reached its full potential. People don't use it to transact, they use it as an investment asset. Personally, I believe that Bitcoin will play a role in the future of our society, it will become a new medium of exchange. For now, people are investing in it purely for income, rather than using it as a currency."
Arslan Ainakulov's pizzeria began accepting cryptocurrency payments quite recently. So far, two people have purchased pizza using virtual money.
CryptoKitties is a new blockchain game where you can buy, breed and trade virtual cats with Ethereum coins. The project was launched a week ago by AxiomZen and at first glance resembles a blockchain version of the famous Pokemon cards. Over the past few days, the project has gained explosive popularity.
Russian presidential candidate and business ombudsman Boris Titov said that he would legalize Bitcoin and other cryptocurrencies if he wins the elections. He also told reporters that his team abandoned the idea of creating a national cryptocurrency.
At the moment, there are a lot of opportunities to spend bitcoins in Ukraine: you can buy clothes, auto goods, furniture or mining equipment with them, and a large online hardware store recently pleased cryptocurrency owners with the opportunity to buy a phone for bitcoins.
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