JP Morgan executive compares bitcoin to air miles

Despite bitcoin’s massive success, prominent JP Morgan executive still remains critical. John Normand, head of FX and commodities at JP Morgan, recently explained his negative view of bitcoin on national television.

Dubai launches world’s first state-sponsored cryptocurrency

The local Dubai government recently confirmed the launch of the world’s very first state-sponsored cryptocurrency. The digital tokens, emCash, will be made available to all citizens of the United Arab Emirates (UAE). The tokens can be used to pay for all services, governmental as well as non-governmental.