India’s rupee restrictions are boosting demand for bitcoin

Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation has sparked interest in bitcoin among India’s consumers. Following last week’s announcement that the notes were no longer legal tender, sales volumes for bitcoin increased on several exchanges for the digital currency, according to The Hindustan Times. The announcement by … Read more

Central Bank of Argentina Calls on the Bitcoin and Blockchain Community

The Central Bank of Argentina and government representatives have asked the Bitcoin community to join efforts to eradicate financial exclusion, transform the financial industry, promote financial opportunities, and reduce inflation. Officials made their request at the Latin America Bitcoin & Blockchain Conference (laBITconf), on November 5 in Buenos Aires, Argentina. Central Bank of Argentina Approaches … Read more

Uncertainty Reigns — Will Bitcoin?

As one political party moves out and President-elect Trump moves in, what’s in store for the economy, money, monetary policy and fiscal policies? In the latest PYMNTS Topic TBD installment, Lawnmower Founder Alex Sunnarborg told Karen Webster that one thing’s for sure: It’s bitcoin’s (and cryptocurrencies’) time to shine.   Bitcoin is the Rashomon of … Read more

Florida Man Charged In Connection With Illegal Bitcoin Exchange

U.S. prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. According to a report by Reuters, Ricardo Hill, 38, was arrested in Florida in October and charged with conspiring to operate an unlicensed money transmitting firm. Hill is linked to an illegal bitcoin exchange owned by a person in Israel that … Read more