The U.K.’s financial watchdog has released a detailed consultation paper on regulation of crypto. On Jan. 23, the United Kingdom’s Financial Conduct Authority’s (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed “Guidance on Cryptoassets.” As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time […]
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Nouriel Roubini, one of the most notorious cryptocurrency critics, has stated that blockchain is “no better than an Excel spreadsheet.” Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25. Roubini is also known for having predicted […]
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A market report released by Ripple reveals that the company sold $535.56 million worth of XRP in 2018. Ripple (XRP) sold $535.56 million worth of XRP in 2018, according its quarterly report for Q4 2018 released on Jan. 24. The report further notes that the sales of XRP tokens in Q4 2018 amounted to $129.03 […]
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Unit-e brings a fresh angle to blockchain scalability. Amid a seemingly constant stream of new concepts claiming to be key to crypto to breaking through to the financial mainstream, one immovable issue remains ever-present: scalability. The crypto community is abuzz with new projects relating to the issue, from the Bitcoin (BTC) Lightning Network to a […]
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A mission from the IMF has judged that the growth of blockchain in Malta has created significant risks of money laundering and terrorism financing. A mission from the International Monetary Fund (IMF) has judged that the growth of blockchain in Malta has created significant risks of money laundering and terrorism financing in the island’s economy. […]
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Following a $17 million funding round led by Andreessen Horowitz, crypto custodian Anchorage launched its services for institutional investors. The Anchorage cryptocurrency custodian for institutional investors launched following a $17 million funding round led by venture fund Andreessen Horowitz, a press release states Wednesday, Jan. 23. According to the announcement, PayPal co-founder Max Levchin’s SciFi […]
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The Institute for Fintech Research of Tsinghua University has partnered with Ripple to launch a blockchain research scholarship. A major Chinese research university has launched a blockchain research scholarship with the support of Ripple, according to a press release published on Jan. 18. In collaboration with blockchain payments firm Ripple, the Institute for Fintech Research […]
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The technology solutions provider for the London Stock Exchange Group has announced that its matching engine will be used to power a new Hong Kong crypto exchange. LSEG Technology, the technology solutions provider for the London Stock Exchange Group, has announced that its matching engine will be used to power a new Hong Kong-based digital […]
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The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country. A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public input to develop a cryptocurrency regulation policy for the country. This latest consultation paper is […]
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Senior adviser to Bank of England Governor Mark Carney said that cryptocurrencies are slow, lack value and fail basic financial tests. Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests. Van Steenis joined BOE in 2018, having […]
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