Major Ukrainian Bank to Work with Bitcoin

One of Ukraine’s biggest banks, PrivatBank, announced finalization of testing period for a service providing merchants with an option of accepting bitcoins for their goods. The service is quite usual for the crypto-space, as it transacts hryvnias (Ukrainaian national currency) to the merchant’s account in case of local acquiring, or.

Goldman Sachs Calls for Recognizing Prospects of the Blockchain Technology

The international bank Goldman Sachs issued a note to its clients listing seven prospects, or, as the authors put it, “themes, dreams, and flying machines”. Those prospects are the most promising new trends and tendencies that the bank recommends its investors to carefully heed. And the first on the list.

American Official Promises a Blockchain Revolution

Speaking at a guest lecture held at the Harvard School of Law, a member of the US Commodity Futures Trading Commission, J. Christopher Giancarlo, stated that the blockchain could deprive professional accounants and recordkeepers from employment when adopted in the mainstream.

Russian Parliament Attacks Cryptocurrency Along with Ponzi Schemes

Russian State Duma considers several draft laws providing administrative and criminal prosecution for arrangement of companies working on Ponzi schemes, which are broadly referred to in Russia as ‘financial pyramids’. An amendment to the Criminal Code establishes four years of inprisonment for distribution of any information related to such organizations.

American Miner Accused of Running a Ponzi Scheme

The U.S. Securities and Exchange Commission filed a claim in a court stating that founder of two mining companies established a Ponzi scheme in order to pocket money of his investors. The companies in question are ZenMiner and GAW Miners, both of which are owned by Homero Garza.

Goldman Sachs to Create a New Cryptocurrency

US-based international bank Goldman Sachs has applied to the US Patent and Trademark Office seeking for patenting its proprietary cryptocurrency-based system for settlement of securities. The cryptocurrency dubbed SETLcoin, according to the application, is intended for p2p-exchange of digital tokens, which in their turn act as instantaneous replacement for actual.