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Bank of Lithuania Issues Guidelines on Security Token Offerings
26.10.2019
Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European...
Crypto Coin Tether Becomes Hot-shot Payment Method at Gambling Sites, Pot Shops
26.10.2019
Tether, the notoriously famous crypto coin, is, unfortunately, paving its way into the depths of the digital currency niche by evolving as a strong medium for the trading of goods and services. The virtual currency has been at the center of focus for all the bad reasons in recent times. Many...
Bahamas to Release Fiat Digital Currency to Counter Cash Dependence
26.10.2019
The Bahamas’ central bank is planning to release a national fiat digital currency to ensure the economy’s resilience in the event of a natural disaster
Market Update: Crypto Prices Spike Significantly In a Matter of Minutes
25.10.2019
Digital currency markets have seen a strong price spike on Friday, adding billions to the overall market capitalization of the entire cryptoconomy. The surprise upward trend shows a few of the top-performing cryptocurrencies have gained between 10-20% in the last 24 hours. Also read: FATF Starts...
Michael Novogratz’s Galaxy Digital Comes up with 2 New Bitcoin Funds
25.10.2019
In a recent announcement, billionaire Michael Novogratz-led Galaxy Digital Asset Management proudly stated that the company will be launching two Bitcoin funds in the month of November. Novogratz confirmed that the planned Bitcoin funds, dubbed the Galaxy Bitcoin Fund and the Galaxy Institutional...
McKinsey: Majority of Banks May Not Be Economically Viable
25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....
State Bank of India Chief Argues Crypto Regulation Is a Must
25.10.2019
The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read:...
Galaxy Digital to Launch 2 New Bitcoin Funds in November
24.10.2019
Galaxy Digital's asset management division is launching two bitcoin funds in November, according to a source with knowledge of the matter
US CFTC Turns Its Fintech Lab Into an Independent Office in D.C.
24.10.2019
The United States CFTC has elevated its fintech hub LabCFTC to an independently operating office
App-Controlled Bank Current Raises $20M From Galaxy Digital and Others
24.10.2019
Mobile-only bank Current has secured $20 million from a group of investors, including Galaxy Digital EOS VC Fund
Bakkt Announces Bitcoin Options After Record-Breaking Futures Volumes
24.10.2019
On October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 BTC ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after BTC prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt...
Germany’s Financial Crisis Invokes 5-Year Rent Freeze
24.10.2019
All eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just...
Belarusian Bank Gets the Go-Ahead to Service Crypto Investors
23.10.2019
A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic...
Libra Could Serve as Counter to Chinese Digital Currency, Says Zuckerberg
23.10.2019
Facebook CEO Mark Zuckerberg painted the Libra stablecoin project as a way to counteract a possible Chinese digital currency
Security Numbering Association to Consider Standards for Digital Assets
23.10.2019
A global association of national numbering agencies has set up a new task force to assess the adoption of identification standards for digital assets
Securities Numbering Body Launches Task Force to Standardize Digital Assets
23.10.2019
The Association of National Numbering Agencies is addressing the lack of standardised digital asset ticker symbols for traditional finance markets
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
‘Source of Truth’ — Winklevoss Says Bitcoin Is More Than Digital Gold
23.10.2019
Gemini crypto exchange co-founder Cameron Winklevoss has emphasized Bitcoin’s property as a single source of truth, arguing this makes its possibilities far greater than just digital gold
Trump’s Former Federal Reserve Nominee Planning to Unveil a Stablecoin
22.10.2019
US President Donald Trump’s former nominee for the Federal Reserve, economist Stephen Moore, is all set to unveil a new stablecoin, according to the reports published on October 21, 2019. The stablecoin, referred to as Frax, is being planned by Moore along with other entrepreneurs namely Ralph...
Facebook’s Marcus Says China Wins with Digital Renminbi if U.S. Nixes Libra
22.10.2019
David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities