Cryptocurrencies like Bitcoin (BTC) aren’t really easy to spend in day-to-day life, mainly because retailers prefer to stay away from crypto’s volatility. In order to build a bridge between traditional finance and emergent assets like Bitcoin, a Swiss crypto startup called Eidoo has introduced a new Visa crypto debit card that uses regulated stablecoins for crypto-to-fiat conversion. The so-called Eidoo Card has been approved for operation by payment giant Visa. Announcing the news on May 25, Eidoo told Cointelegraph that its new card will enable 40 million Visa merchants to accept crypto-derived fiat currencies, including the British pound (GBP) and …

As the world discovers more ways to implement blockchain technology, the billion-dollar gaming industry is leveraging the technology to bring transparency, trust and ownership of digital assets to players. A new vision for blockchain games is emerging — one that aims to bridge the gap between virtual worlds and reality through user commerce. This notion is being demonstrated by blockchain game developer Uplandme. On May 21, Uplandme announced a partnership with Linden Lab’s Tilia division for leveraging Tilia Pay to enable fiat payments for virtual properties traded within the Upland game marketplace. Currently, the virtual San Francisco properties listed on …

The worst recession since World War Two and its fallout was not the fault of the fiat money system, according to the chairman of the United States Federal Reserve. In a televised address on May 13, Jerome Powell said that for all the damage done to the U.S. and global economy this year, the culprit was coronavirus — not governments or central banks. Powell: “No bubble, no unsustainable boom” “The current downturn is unique in that it is attributable to the virus and the steps taken to limit its fallout,” Powell summarized. This time, high inflation was not a problem; …

Global crypto exchange, OKCoin, has added two new members to its top bass — Haider Rafique, Blockchain.com's former head of growth, and Megan Monroe-Coleman, Coinbase's previous compliance executive. Megan Monroe-Coleman comes on board as the outfit's global chief compliance officer, while Haider Rafique takes the role of global chief marketing officer, said a statement provided to Cointelegraph. OKCoin in the midst of expansion OKCoin has shown several expansion efforts so far in 2020. The exchange brought in former Goldman Sach's staff, Hong Fang, as CEO in early March. At the same time, the entity's former CEO transitioned into a government …

Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market. Arthur Hayes, CEO of the world’s second largest crypto exchange, BitMEX, says that Jones has just removed career risk from investing in cryptos like Bitcoin. “Expect a lot of beta fund managers to begin cooking some copypasta,” Hayes tweeted May 7. Jones paves the way for other hedge fund managers to get into Bitcoin Hayes is …

Amid the ongoing coronavirus pandemic, inflation is collapsing all over the world. In order to hedge against the inflation risks, some billionaire investors are buying Bitcoin (BTC). Paul Tudor Jones, the billionaire founder of hedge fund, Tudor Investment Corporation, reportedly revealed that Bitcoin is part of his portfolio. “If I am forced to forecast, my bet is it will be Bitcoin.” According to a May 7 report by Bloomberg, Jones is buying Bitcoin to protect his investments from the inflation coming from the money-printing by central banks. In a market outlook note titled “The Great Monetary Inflation,” the billionaire investor …

Bitcoin (BTC) proponents are in shock once again this week as the true extent of the United States’ fiat debt bubble becomes clearer. Citing statistics from the U.S. Treasury on May 7, markets analyst Mati Greenspan noted that the country’s total national debt has passed $25 trillion for the first time ever. U.S. adds $24M of debt per minute The unenviable achievement follows several huge rounds of public financing from the Trump administration via the Federal Reserve. Since April 9, the debt mountain has increased by $1 trillion. That, Greenspan notes, is the equivalent of $24 million every single minute …

Bitcoin (BTC) is now investors’ best bet against central bank money printing, a new report from asset manager Grayscale concludes. In the document, titled “Quantitative Tightening,” the world’s largest digital currency asset manager warned that unlimited fiat money supply risks “debasement” of the U.S. dollar. Grayscale: gold safe-haven role “antiquated” BTC, the largest cryptocurrency, is an ideal safe haven, its technical prowess setting aside from gold, fiat and government bonds. “Untenable levels of debt and fears of widespread default are driving the most aggressive monetary policies since Bitcoin’s creation,” the report concludes. Fiat currencies are at risk of debasement, government …

Despite existing concerns that blockchain is not mature enough to bring the new era of payments, the technology is being increasingly explored by global central banks. Blockchain technology meanwhile remains at the core of Facebook’s digital currency Libra, according to a top project executive. Since Libra’s white paper release in June 2019, the not-yet-launched stablecoin has continued to rely on blockchain architecture, Libra Association’s vice chair Dante Disparte explained. Blockchain unlocks payment network interoperability In an April 28 interview with financial publication Central Banking, Disparte outlined a number of structural benefits provided by blockchain implementation. As part of the blockchain-powered …

This week’s headlines from Japan included Mitsui & Co. Digital Asset Management kicking off its security token project, Coincheck's fiat exchange listing seven altcoins, FXCoin unveiling physical crypto trading and XRP remittance testing plans, and GMO Coin listing three more altcoins. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Security token company tests security tokens in real estate Looking to create blockchain-based security tokens, Mitsui & Co. Digital Asset Management, daughter of Japanese product and material trading giant, Mitsui & Co., recently kicked off an initiative called the "Digital Securities Project." As part …

Liechtenstein-based international cryptocurrency exchange Bittrex Global has rolled out credit and debit card support for 125 more countries. Following an earlier introduction of the service for residents in the United Kingdom, Germany, France, and the Netherlands, the exchange announced its significant global extension of Visa support on April 20. In addition to making fiat deposits and trading directly using their Visa cards, users can now access further features such as conditional orders and trading with euros on the platform’s recently-launched Bittrex Euromarkets. Stephen Stonberg, chief financial and operating officer for Bittrex Global has said that Visa support is an important …

Jim Bianco, CEO and president of economics and finance analysis company Bianco Research, said he sees a cryptocurrency as the next reserve asset. "I've argued that, in theory, the next reserve currency will be a crypto,” Bianco told Anthony Pompliano on an April 17 episode of Pompliano’s podcast. Biano noted that no other global fiat option would work as a U.S. dollar replacement. The U.S. dollar is still the reserve currency In light of recent economic difficulties related to the COVID-19 pandemic, Bianco noted people have fled into the U.S. dollar with their wealth as the world still largely views …