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Swedish Officials Settle First Debt in Bitcoin

Swedish officials with the Swedish Enforcement Authority has settled a debt with bitcoin. This is the first time the enforcement agency in the country accepted bitcoin as payment rendered for debt owed to the State.  Also read: Panama City Strip Mall Merchants Embrace Bitcoin Customers New Asset For Use by the Swedish Enforcement Authority An officer working…

Putin Confirms Russia Will Regulate Cryptocurrencies

Following the meeting with Vladimir Putin, Russian regulators announced that cryptocurrencies will officially be regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to provide a basic regulatory framework for cryptocurrencies including bitcoin, which is expected by the year’s end. Also read: Putin…

Bitcoin Surges Past $5,000 USD to Establish New All-Time High

The price of bitcoin has surged past $5,000 USD today, establishing a new all-time high. The major milestone comprises a complete reversal of the approximately 40 percent drop triggered by China’s cryptocurrency crackdown last month. Also Read: Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading The Price of Bitcoin Established a New All-Time High…