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Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...

China’s Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report

9.12.2019
The People's Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year

China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report

9.12.2019
Several Chinese banks and economic participants will reportedly pilot the digital yuan in two cities

China to Pilot Digital Yuan With Four Banks in Two Cities - Report

9.12.2019
Shenzhen. China’s central bank, the People’s Bank of China (PBoC) is preparing to test the digital yuan in Suzhou and Shenzhen, with a pilot launch now “imminent,” per a new report. Media outlet Caijing Magazine says it has learned details about the pilot project, which it says is being jointly...

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...

Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money

8.12.2019
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss...

Buy Presents or a Christmas Trip Using Gift Cards Purchased With Crypto

8.12.2019
Gift cards have become a popular payment tool for cryptocurrency users. Plenty of platforms now offer a wide variety of cards which can be purchased with your digital coins. You can use them to buy just about any product or service from major and small retailers, order food and drinks, or book...

While Markets Move Sideways, Crypto Whale Sightings Increase

7.12.2019
While cryptocurrency markets have been moving sideways during the last few weeks, digital currency proponents have been observing large bitcoin whale movements. Transactions with tens of thousands of BTC have been noticed on the move from one wallet to another. On Friday, one colossal BTC holder...

SEC Approves Bitcoin Futures Fund

7.12.2019
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed...

Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany

7.12.2019
Germany’s second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year. Also...

Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens

6.12.2019
Fortune Star Digital Asset Fund (a professional Cayman Islands investment fund) has secured 3,547,437,988 LFE Cash tokens for its flagship digital asset fund that has been launched this week. The post Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens appeared first on Bitcoin News

State Street: 38% of Clients Will Put More Money into Digital Assets in 2020

6.12.2019
The majority of asset managers that bank with State Street are interested in digital assets, but none have asked the global custodian to store them yet

EU Finance Ministers Place Defacto Ban on Libra

6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...

Börse Stuttgart Digital Exchange Opens to All Users Based in Germany

6.12.2019
Germany’s second-largest stock exchange has opened its new trading place for "digital assets" also for all users with German residency

Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years

6.12.2019
U.S. Treasury Secretary Steven Mnuchin says he and the Federal Reserve chairman see no need for the country to issue a digital dollar

Venture Capitalists Have Invested Over $200M in Stablecoins

6.12.2019
Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses...

Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

6.12.2019
The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained he...