Bitcoin ATMS are coming to New York City, the world’s oldest central bank is issuing a digital currency, former Fed Chair Janet Yellen receives a Bitcoin gift, and more!

TOP HEADLINES


Ex-Bitcoin Skeptic Ron Paul Says Crypto Could Prevent Recession

Retired US Congressman Ron Paul, a one-time bitcoin skeptic, called for a tax exemption on all cryptocurrencies, saying the move could prevent an economic recession.

Ron Paul, the father of current United States Senator Rand Paul, made the suggestion in a blog post entitled “Trump Is Right, the Fed Is Crazy,” where he blasted the Federal Reserve for manipulating interest rates. Read more.


Binance Signs Up 40,000 Crypto Traders in Its First Week in Uganda

Despite global market doldrums, demand for cryptocurrency appears to be booming across Uganda, a country where nearly three out of four people don't have bank accounts. Read more.


Bitcoin's White Paper Gave Us Liberty – Let's Not Give It Back

Ten years after Satoshi published the white paper that gave us bitcoin – and the explosion of innovation it launched – I continue to be astounded at its transformative power. Read more.


Coinsource Receives First BitLicense to Operate Bitcoin ATMs in New York

The world’s largest bitcoin ATM company has finally received official approval to operate in New York. They had previously been operating in New York almost since the company’s inception via a provisional license. Last year, they received coverage in the New Yorker and have frequently been in the news with word of new ATMs across the country. Coinsource is creeping toward 200 machines, the majority of which are two-way ATMs — meaning that users can buy and sell bitcoin through them. Coinsource ATMs support transactions from $5 to a limit of $5,000 per day. Read more.


Morgan Stanley Report Hails Cryptocurrency as ‘New Institutional Investment Class’

Bitcoin and altcoins has been a “new institutional investment class” since 2017, U.S. multinational investment bank and financial services company Morgan Stanley claims in a new report released Oct. 31.

The document, titled "Bitcoin Decrypted: A Brief Teach-In and Implications," sees the newly-bullish Morgan Stanley weigh in on the “surprising” developments in cryptocurrency that continue to the present day. Read more.


A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada

An enormous plot of land in the Nevada desert — bigger than nearby Reno — has been the subject of local intrigue since a company with no history, Blockchains L.L.C., bought it for $170 million in cash this year.

The man who owns the company, a lawyer and cryptocurrency millionaire named Jeffrey Berns, put on a helmet and climbed into a Polaris off-road vehicle last week to give a tour of the sprawling property and dispel a bit of the mystery. Read more.


Former Federal Reserve Chair, Janet Yellen, Receives the Gift of Bitcoin

Former U.S. Federal Reserve chair Janet Yellen, an outspoken opponent of cryptocurrency, has just received her first satoshis.

After giving a strong anti-Bitcoin speech at the Canada Fintech Forum earlier this week, a Bitcoin advocate decided to send Yellen some bitcoin so she could experience it first hand. Will she be converted to the cult of cryptocurrency? That is yet to be determined, but it seems she’s already impressed. Read more.


Nine Japanese Banks to Trial Blockchain Settlement Using Fujitsu Tech

Nine Japanese banks are teaming up to trial a blockchain-based inter-bank settlement system using Fujitsu technology.

IT giant Fujitsu announced in a press release Monday that it has been chosen as an "application development vendor" for the field trial that will use a custom digital currency to attempt to achieve low-cost transfer of small-scale transactions using real-time gross settlement. The test is aimed to gauge aspects of the tech such as performance, security and real-world viability. Read more.


Sweden Is Going Cashless So Quickly That Its Central Bank Is Speeding Up Plans for a National Digital Currency

For the last couple of years, Sweden’s central bank, the Riksbank, has been mulling over the idea of issuing a digital currency, in order to adapt to the needs of the increasingly cashless society.

Last year, the Riksbank—the world’s oldest central bank—issued a reportdescribing what the “e-krona” might look like, and on Friday it called for the design of the electronic currency to move forward, so it can be tested. Read more.