Extrapolating on crypto’s first decade: How does BTC performance correlate with that of gold, tech stocks and other traditional assets? Bitcoin has been among the most fascinating tradable assets to watch over the last year. From reaching dazzling new heights to its most recent tumble to fresh one-year lows, the cryptocurrency market has been nothing […]
Continue ReadingThe CEO of investment firm Gateway Partners has said investors should avoid Bitcoin and concentrate on traditional investments. The CEO of investment house Gateway Partners, is shunning Bitcoin (BTC) and cryptocurrency in favor of more traditional investment strategies, Asia-focused business publication Nikkei Asian Review reported on Jan. 2. Gateway Partners is an advisory and private […]
Continue ReadingOfficials have confirmed the country’s FASAH trade platform was linked with TradeLens. Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press release from Dec. 26 reported the pilot’s conclusion. TradeLens, which IBM and Maersk created in August last year, […]
Continue ReadingVenture capital investor Fred Wilson has suggested that crypto will not be a safe haven, although “there will be signs of life in crypto land in 2019.” Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1. […]
Continue ReadingA source reported that the Indian central bank thinks it is too early to develop or implement a central bank digital currency. The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced […]
Continue ReadingIranian officials have declared any cooperation with Telegram to develop a cryptocurrency to be an act against national security. The Iranian government has taken further steps against Telegram’s cryptocurrency development, the Tehran Times reports Dec. 31. Secretary of the Criminal Content Definition Task Force Javad Javidnia has declared that any cooperation with the encrypted messaging […]
Continue ReadingPrevious suggestions of a lasting stance on crypto from India’s government appear to have been overturned by fresh comments. The Indian government is approaching cryptocurrency regulation with caution, tech magazine Quartz reported Dec. 31, quoting Pon Radhakrishnan, the Minister of State in the Ministry of Finance and Ministry of Shipping. The latest episode in India’s […]
Continue ReadingThe U.K. Financial Conduct Authority has already closed down almost 50 crypto-related investigations, some of which hit a dead end due to lack of evidence. The United Kingdom’s finance watchdog the Financial Conduct Authority (FCA) has revealed that it is investigating 18 companies over cryptocurrency use, local daily news outlet the Telegraph reported Dec. 29. […]
Continue Reading
Dutch crypto firm Libereum has acquired Spanish soccer club Elche CF for $4.9 million, aspiring to restore the club to the country’s Primera Division via revenue from tokenization. Dutch crypto firm Libereum has acquired Spanish soccer club Elche CF for $4.9 million, according to a press release published to the Libereum website Dec. 26. The […]
Continue Reading
The Italian securities regulator has prohibited the activity of “Avacrypto” for allegedly violating securities laws. The financial regulator of Italy has barred a cryptocurrency-related project from operations for the provision of allegedly unauthorized investment services, according to an official statement published Dec. 14. Founded in 1974, the Italian National Commission for Companies and the Stock […]
Continue Reading