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United Nations Agency Unicef Launches Cryptocurrency Fund
9.10.2019
Unicef announced Wednesday that it has launched a cryptocurrency fund and become the first United Nations organization to hold onto its crypto donations. Without converting them into fiat, the fund will hold two cryptocurrencies and disburse them to support projects benefiting children worldwide....
Swiss Central Bank to Explore Use of Digital Franc in Settling Trades
9.10.2019
Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...
Market Outlook: Leading Cryptocurrencies Attempt to Break Resistance
8.10.2019
Digital currency markets have started to show strong signs of recovery after dropping to new lows last week. On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day. Crypto prices have held steady into the next day and many digital assets will likely test...
Is the Previous Bull Market Different from the Current one?
8.10.2019
The digital currency market stayed bearish for all of 2018, yet with the way Bitcoin is moving upwards and setting a new record in 2019, it is safe to state that the crypto-winter is behind us presently. In the previous years, we have seen a repetitive example rising in the digital currency space....
Politicians Can Use Cryptocurrency Donations to Fund Election Campaigns in Japan
7.10.2019
Cryptocurrencies have to keep outside of the purview of Japan’s stringent election funding law, which states that donations to individual candidates in yen or through stocks, bonds, etc. have to be reported either by the donor or the candidate receiving it. Japan’s Ministry of Internal...
Indian Supreme Court Sets Date to Hear Crypto Case Next Week
7.10.2019
The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done. Also read:...
‘Very, Very Skeptical:’ German Finance Minister Opposes Facebook’s Libra
7.10.2019
More battles for Libra as German minister rejects its launch
Crypto Outpaces Political Donation Laws in Japan
7.10.2019
A major Japanese news publication has reported that crypto donations to individual politicians are legal and do not need to be reported publicly as donations. Japan’s Ministry of Internal Affairs and Communications verified that even though it is illegal to donate cash or securities directly...
Sharia Goldbugs: How ISIS Created A Currency For World Domination
6.10.2019
By trading oil using its own currency, ISIS planned to destabilize the US economy by forcibly decoupling the dollar from the oil business
Bank Raided, Arrests Made but RBI Still Restricts Withdrawals
6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...
Turkish Government Freezes Over 3 Million Bank Accounts
5.10.2019
Hundreds of thousands of businesses and individuals with tax obligations to the Turkish state have received foreclosure notices this week informing them about their frozen bank accounts. The government of Turkey, which is struggling with financial and economic problems under geopolitical pressure...
Cosimo Ventures Invests $5 million in Oneiro
4.10.2019
The Boston based blockchain solution Company, Oneiro has announced in a press release on 3rd October, that it had secured an investment worth $5 million from Cosimo Ventures. Cosimo Ventures is an investment firm associated with cryptocurrencies, the Internet of Things (IoT), and blockchain-like...
7 Crypto ETPs Now Trading on Main Swiss Stock Exchange
4.10.2019
Switzerland’s principal stock exchange now has seven cryptocurrency exchange-traded products (ETPs) listed. They allow investors to either gain exposure to individual cryptocurrencies or invest in portfolios of top cryptocurrencies. Four ETPs track the prices of single cryptocurrencies. Also...
Apple Will Not Create Its Own Digital Currency Like Facebook, Says CEO
4.10.2019
Businesses shouldn’t meddle in money creation, says Apple CEO
PayPal May Ditch Facebook’s Libra Over ‘Regulatory Scrutiny’: Report
4.10.2019
PayPal no show at Facebook’s Libra meeting sparks cold feet rumors
RBI Ban Stops Indian Police From Cashing Out Seized Crypto
4.10.2019
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read:...
Fed Official Says Digital Central Bank Currency Is ‘Inevitable’
3.10.2019
Philadelphia Federal Reserve bank president Patrick Harker said it is “inevitable” for the central banks to start issuing digital currency
Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash
3.10.2019
Zimbabwe is once again showing the need to take away from politicians the power to control normal people’s money. The government there is now trying to cope with the results of mismanaging the economy by preventing citizens from using their fiat currency as they see fit. Also Read: Bittrex...
Central Bank Digital Currency Is ‘Inevitable,’ says the Fed’s Patrick Harker
3.10.2019
Central bank digital currencies are “inevitable,” says Patrick Harker, president of the Federal Reserve Bank of Philadelphia