This week in crypto, T.I. is sued for allegedly pumping and dumping a token, and Charlie Shrem is sued for alleged theft of 5,000 BTC. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, […]
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Blockchain adoption in the field of precious metals. This week, two major news within the precious metals industry broke. First, the world’s largest diamond company, Russia’s Alrosa, joined a blockchain project aimed at increasing transparency. Secondly, the world’s largest bank, JPMorgan, reportedly started to use its blockchain to tokenize gold. Indeed, blockchain has been pioneering […]
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The chairman of Russia’s State Duma Committee on Financial Markets is considering the launch of a state-backed stablecoin pegged to the ruble. The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva […]
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Despite the breakeven cost of Bitcoin mining at nearly $8,000, the demand for mining is increasing. Throughout 2018, the cryptocurrency market experienced the fourth worst correction in its nine-year history, as Bitcoin lost more than 69 percent of the value from its all-time high of $19,500. Despite the substantial decline in the price of Bitcoin […]
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Russian officials discuss the possibility of blockchain voting, while the head of the Election Commission suggests renaming the tech for the Russian “mentality.” The topic of implementing blockchain technology for voting was discussed at an event hosted by the Russian Central Election Commission (CEC), local state-owned news agency TASS reported Oct. 29. Speaking at the […]
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The world’s largest diamond mining firm, Russia’s Alrosa, has joined the pilot of fellow industry giant De Beers’ diamond supply blockchain platform “Tracr.” The world’s largest diamond mining firm, Russia’s Alrosa, has joined the pilot of fellow industry giant De Beers’ diamond supply chain blockchain platform “Tracr,” mining industry news outlet Mining Weekly reports Oct. […]
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The vice president of Russia’s financial monitoring service supports wide-reaching regulatory oversight of cryptocurrency circulation. All member states of the Financial Action Task Force (FATF) should adopt its recommendation to control the exchange of cryptocurrency, their storage and more, Russian daily news outlet Izvestia quoted a government regulator as saying Monday, Oct. 29. The Paris-based […]
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Japan’s central bank doesn’t want a CBDC. What about others? On October 20, The Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya, repeated his negative stance towards central bank-issued digital currencies (CBDC), claiming that such digital currencies are unlikely to improve the existing monetary systems. The concept of CBDC, or national cryptocurrencies, has attracted many […]
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A lobby group of Russian entrepreneurs has presented their alternative to the current draft bill on cryptocurrencies to Prime Minister Dmitry Medvedev. A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) has recently sent its proposals for crypto regulation to country’s prime minister Dmitry Medvedev, Russian business media RBC reports Monday, Oct. […]
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Danske Bank, which is involved in a 200 billion euro ($230 billion) money laundering scandal in Estonia, revealed that it processed more than $1 trillion in cross-border payments in and out of the country between 2008 and 2015. In September, Denmark’s largest bank launched an inquiry to see if companies with ties to Russia were laundering […]
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