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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As controversial figures on the right find themselves deplatformed, they increasingly turn to crypto for fundraising. Cryptocurrencies were never apolitical. The fateful 2008 Satoshi Nakamoto treatise did not appear in an ideological vacuum: Notions of online privacy, proactive use of cryptography for protecting individual freedom, and denationalization of currency that informed the Bitcoin creator’s vision […]
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Cryptocurrency exchange Huobi has relaunched as a fully licensed platform in Japan after merging with BitTrade. On Jan. 17, Singapore-based cryptocurrency exchange Huobi, one of the largest players on the market, relaunched as a fully licensed platform in Japan after merging with the BitTrade exchange. Branching out to Japan, where compliance is valued and many […]
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The United Arab Emirates and Saudi Arabia announced an agreement to cooperate on the creation of a cryptocurrency. The United Arab Emirates (UAE) and Saudi Arabia have announced an agreement to cooperate on the creation of a cryptocurrency, UAE official news agency Emirate News Agency reports on Jan. 19. According to the report, the Executive […]
Continue ReadingThe Organisation for Economic Cooperation and Development stated that regulators should facilitate the development of ICOs. The Organisation for Economic Cooperation and Development (OECD) has stated that global regulators should work together to facilitate the development of initial coin offerings (ICOs), according to a report released Jan. 15. The document calls for regulatory clarity and […]
Continue ReadingBlockchain is featured as a disrupting technology in the Tech Trends 2019 report published by Big Four audit and consulting firm Deloitte. Blockchain is featured as a disrupting technology in the Tech Trends 2019 report published by Big Four audit and consulting firm Deloitte on Jan. 16. According to one article in the report, “[a]dvanced […]
Continue ReadingA new report by BitMEX shows that ICO teams have lost 54 percent of value of the initial $24 billion worth of tokens allocated to themselves. The value of tokens that over a hundred of initial coin offering (ICO) teams have allocated to themselves has decreased by 54 percent from the initial figure of $24 […]
Continue ReadingABCC crypto exchange partners with Tron to become the first trading platform to list TRC10 tokens. ABCC cryptocurrency exchange has partnered with the ninth largest cryptocurrency Tron (TRX), according to a tweet posted Jan. 15. Tron’s founder and CEO Justin Sun subsequently confirmed the news on Twitter. As per the announcement, the partnership has made […]
Continue ReadingMajor Swiss investment bank Vontobel has launched a digital assets’ custodial service for banks and asset managers Switzerland’s major private investment bank Vontobel has launched a crypto custody solution targeting banks and asset managers, according to an official press release published on Jan. 14. Zurich-based Vontobel bank is reportedly the third largest financial custody provider […]
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