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Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’
25.6.2021
Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto...
ExzoCoin Will Make Cryptocurrencies Accessible to Anyone, Anywhere, and at Anytime
24.6.2021
ExzoCoin is a blockchain project promising to make cryptocurrencies easily accessible to everyone. Among the services being developed by the ExzoCoin team are a decentralized exchange, a launchpad and a solution for the healthcare sector. ExzoCoin Will Bring Back Trust to Crypto ExzoCoin...
Tehran Government Bans Iran Blockchain Association
20.6.2021
The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology...
Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit
18.6.2021
In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application...
Nifty News: Porsche enters NFT sector, Mark Cuban keeps investing, and Chainlink-powered NFTs
15.6.2021
Porsche announces NFT subsidiary, Chainlink oracles unlock special NFT content, and Mark Cuban continues to invest millions into companies targeting nonfungibles
Solanax: Redefining the DeFi Sector
14.6.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The DeFi sector has undergone somewhat of a boom over the last years. The advancement in blockchain technology and a global distrust of the traditional banking system, has meant that the Decentralized Finance...
Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya
14.6.2021
Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s...
Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight
14.6.2021
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining...
Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector
11.6.2021
The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. European Central...
South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme
10.6.2021
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses...
The NFT bubble may have popped, but the sector is still primed for expansion
5.6.2021
NFT sales and active wallets fell by more than 40% in the past month but new layer-2 infrastructure is preparing the sector for the next surge
South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
31.5.2021
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory...
Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-krona Pilot
30.5.2021
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners....
Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’
30.5.2021
During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to...
Spain’s Largest Asset Managers Still Reluctant to Invest in Cryptocurrencies
29.5.2021
The biggest Spanish asset managers are still not convinced of cryptocurrencies as an asset class, and therefore have no plans to invest in the space yet. The declarations of several spokespeople linked to these companies state that, while there is a significant opportunity in the nascent...
Executives from China’s Largest Bitcoin Mining Firms Speak About Regulatory Crackdown
27.5.2021
During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. Following the statements from Chinese officials and a few crypto businesses abandoning services...
‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
21.5.2021
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates...
XPOP Unveils a New NFT Tech in the Entertainment Sector
19.5.2021
NFTs or Non-Fungible Tokens are gradually garnering global recognition, and XPOP helps the sector even further. NFTs are no stranger to the entertainment field, with sayBLOWE recently announcing a platform where users can create hip-hop-based NFTs. Now XPOP, the NFT specialist, is releasing a...
Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
18.5.2021
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector...
Blockchain sector drives female participation through funding and education
13.5.2021
Blockchain companies are seeking out women-led teams for funding rounds to help close the financial gender gap, but will this suffice?