Most mainstream media is reporting that virtual currency trading has been virtually outlawed in India as the country’s Supreme Court upheld a central bank directive. We’ve seen similar news that turned out to be fake in Korea and elsewhere, when regulations were tightened on such things as trading by minors. In India, the effect of […]
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The government of the Philippines has announced that it will issue as many as 25 cryptocurrency exchange licenses in the Cagayan Special Economic Zone (CSEZ). This economic zone, located on the northern tip of the Philippines, is managed by the government-owned and controlled corporation (GOCC), the Cagayan Economic Zone Authority (CEZA). The purpose of the […]
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Bank of America filed a report with the US SEC on form 10-K, in which the bank stated that cryptocurrencies limit the bank’s ability to monitor financial flows. Form 10-K is an annual report that companies with over $10 million in assets and equity securities held by more than 2,000 owners must file with the […]
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The China-based venture capital firm, Node Capital is set to invest 200,000 Ethereum, currently worth $86 million, into blockchain startups. At present the company has invested in over 160 blockchain companies. According to founder, Du Jun, 80% of these firms are based in China. Despite the latest downturn in the market, VCs are still bullish […]
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Among the factors that made Bitcoin hard to adopt as a means of exchange, rather than simply a store of value, are that prior to Lightning Network, transactions were both very slow and very expensive. Newer generation cryptocurrencies have addressed these issues to varying degrees. Anything Crypto measured transaction speeds for coins when transferred to […]
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Most people in the cryptocurrency and blockchain industry know how difficult it can be to obtain a bank account. Banks are turning away these businesses out of fear that the companies will fold under regulatory pressure, or out of fear that cryptocurrencies represent perhaps the greatest threat to traditional, institutional banking in our lifetimes. Institutions […]
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In January 2018, Facebook placed a ban on cryptocurrency and ICO advertising on its platform, when Bitcoin prices were more than double what they are today. There was speculation that this could be in preparation for a Litecoin integration with Facebook, or that a new “Facecoin” was on the horizon. In addition to the Facebook […]
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The Bank of England announced that it will rebuild its Real Time Gross Settlement (RTGS) system to interface with blockchain technology in a speech by the bank’s Governor Mark Carney on June 21. According to Carney, the bank would anticipate, adapt to and accelerate change for the common good. These moves included measures to eliminate […]
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With the value of lumens (XLM) declining since its peak at the end of April at around 45 cents, to its current value of just over 22 cents per XLM, Stellar has engaged in talks with Chain about acquiring the blockchain startup for a potential sale price of $500 million worth of lumens. According to […]
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Microsoft partnered with Ernst & Young (EY) to build a blockchain solution for the management of content rights and royalties management on Wednesday. Such a project could potentially replace the need for written agreements enforced through the court system, through the use of blockchain technology, smart contracts and code. The solution is already being tested […]
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