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Grayscale Investments’ Bitcoin Cash Trust Approved for Public Trading
21.7.2020
Grayscale Investments’ Bitcoin Cash Trust and Litecoin Trust have been approved by the U.S. Financial Industry Regulatory Authority (FINRA) for public quotations. The two add to Grayscale’s four existing publicly traded investment products: Bitcoin Trust, Ethereum Trust, Ethereum...
Y Curve Interest Rates Reach 2,000%, Assets Under Management Grows Tenfold After Token Launch
21.7.2020
Depositors to the Y Curve decentralized finance (defi) pool received as much as 2,000% in interest this Saturday and about 600% (annualized) for the entire day. Before this increase, liquidity providers had been earning an aggregate rate of 10.58%. The latest interest rate growth follows Yearn...
Japanese Financial Watchdog Appoints New Commissioner
21.7.2020
Ryozo Himino, the International Financial Deputy Counselor at Japan’s financial watchdog, will take over as the agency’s new commissioner
Russia Shelves Plans to Criminalize Bitcoin Transactions – For Now
21.7.2020
Russia has dropped plans to criminalize bitcoin transactions – for now, according to local media reports. The Digital Financial Assets Bill (DFA), due to be read for the second time in the Russian parliament – or State Duma – on July 21, has removed references to administrative...
Japanese Financial Giant MUFG to Launch Digital Currency in 2020
20.7.2020
The world's fifth largest bank is set to go ahead with a digital currency launch in collaboration with Indeed.com parent firm Recruit Group
Wirex Approved to Issue Mastercard-Backed Bitcoin Debit Cards
20.7.2020
Mastercard said Monday it had granted Wirex principal membership status, becoming the “first” native cryptocurrency outfit to do so. The membership allows Wirex, a London-based digital payments firm, to issue payment cards directly to consumers, making it easier for people to buy, hold...
Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
17.7.2020
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying...
Bitcoin Investor Sues IRS for Unlawful Seizure of Financial Records at 3 Crypto Exchanges
16.7.2020
Bitcoin investor Jim Harper has sued the U.S. Internal Revenue Service (IRS), its commissioner, and a number of federal agents. He alleged that they unlawfully seized his private financial information from three cryptocurrency exchanges. Bitcoin Investor vs. IRS Bitcoin investor Jim Harper...
South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards
15.7.2020
South Africa is proposing new rules around crypto-asset service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FATF). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment....
How a Digital Dollar Can Make the Financial System More Equitable
15.7.2020
Digital dollars can promote a more inclusive financial system, or they can contribute to already-growing economic inequality in the U.S
IRS Sued by Ex-Coinbase User Over Seizure of Financial Records
15.7.2020
Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant
A Panel of Experts See Bitcoin Averaging $12,948 by Year End
14.7.2020
A panel of experts is predicting the price of bitcoin will rise to $10,337 by September before adding a further $2,611 to end the year at $12,948. The findings are drawn from a Finder Cryptocurrency Predictions Report for July 2020 and the latest figure is roughly $2,500 less than the price...
World Bank Investigates Smart Contracts as Financial Tools, With Mixed Results
13.7.2020
The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a "limited" financial tool
We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave
12.7.2020
Understanding the impact of the COVID-19 pandemic on cryptocurrency and blockchain-based asset markets: negligible or significant?
Crypto Winter Could Really Be Over as New Bitcoin Starts to Bloom
12.7.2020
Although the cryptocurrency industry still has many needed improvements, it nevertheless seems to be on an upward trajectory
OCC Seeking to Remove Structural Barriers to Financial Inclusion
11.7.2020
The OCC launched a project to identify ways to improve financial inclusion and remove barriers to credit access
On the Importance of Not Losing — A Guide to Compound Interest
11.7.2020
Finding a high-performance asset without insight is challenging, but systematically controlling losses is what is really needed to succeed
The United States Has to Upgrade the Legacy Financial System
10.7.2020
Slow-roll regulations in the United States may leave Americans behind in the financial innovations’ running
Dogecoin Margin Trading and Saving Accounts Now on OKEx
9.7.2020
The announcement follows a Dogecoin marketing campaign that caused the coin’s price to surge 124% in two days
China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
9.7.2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan...