The International Monetary Fund (IMF) thinks crypto has the potential to put pressure on the banking sector. In a new report, the IMF says technological innovation is changing financial services. The report notes that the banking sector could lose market share if the crypto ecosystem grows to become a mainstream alternative to bank deposits or…

Hedge fund manager Mark Yusko believes cryptocurrencies will generate “untold wealth” by powering the Internet of Value. By laying the foundations of the Internet of Value, cryptocurrency and blockchain will generate more wealth than Web 1.0 and Web 2.0, said Mark Yusko, CEO of Morgan Creek Capital, in an exclusive interview with Cointelegraph.  “We haven’t…

Larry Fink says he remains uncertain how bitcoin will play out over the long-term. The CEO of BlackRock, the world’s largest asset manager, said that while he sees “huge opportunities” for digital currency, he is unsure how the crypto space will fare over the long term.   “I’m not a student of bitcoin and where it’s…

Miami will issue a request for proposal this month to help create the BTC payment mechanism. Miami Mayor Francis Suarez told Bloomberg that paying government employees in bitcoin is a “major priority” for the city. “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” Suarez said…

Pro-bitcoin mayor Francis Suarez believes JPMorgan’s CEO is dead wrong about the primary cryptocurrency. Francis Suarez strongly disagreed with Jamie Dimon’s opinion that bitcoin is “worthless.” The primary cryptocurrency has intrinsic value, while its underlying blockchain technology is “the most secure, most decentralized blockchain on the planet,” the Mayor said. Suarez Vs. Dimon Miami’s Mayor…

A Russian government official informed reporters that the country would not be banning the purchase of cryptocurrencies by citizens on foreign exchanges outside the Russian Federation.  No Blanket Ban On Cryptos  At the “Digitalization of Financial Markets” lecture at MGIMO on Tuesday, Deputy Finance Minister Alexei Moiseev claimed that the Russian Federation is not planning…

Introducing crypto and blockchain into football isn’t easier than scoring a back-post tap-in: “We had to educate a lot, explain how it worked and why it was interesting for them.” The Beautiful Game. Soccer, or football, as those living in the “old world” tend to call it. It’s a sport that has many names, a…

Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders. Russians Can Purchase…

The use of cryptocurrencies has surged in Afghanistan, as traditional financial systems fail amidst the Taliban’s takeover of the country. As the Taliban’s seizure of the nation’s capital Kabul grew increasingly likely over the summer, Afghanistan’s central bank withdrew hard currency reserves from its vaults. Subsequently, the U.S. halted shipments of dollar bills, while local…

Birmingham Legion’s Alex Crognale became the first-ever USL professional soccer player to get paid in bitcoin, citing concerns over money printing by central banks. Center back for the Birmingham Legion, Alex Crognale, has become the first professional soccer player in the United Soccer League (USL) to get paid in bitcoin. Crognale took a total of…