OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund

OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin FundA commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume and real trading in bitcoin exist, and it is not the […]

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23 Central Banks Divulge Their Digital Currency Requirements

23 Central Banks Divulge Their Digital Currency RequirementsTwenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain The First […]

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Korean Presidential Committee Pushes to Legalize Crypto

Korean Presidential Committee Pushes Government to Legalize CryptoA South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Presidential Committee Pushes for Crypto Legalization […]

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Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

Avalon Mining Rig Maker Canaan Files for $400M IPO on NasdaqMining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters. Also read: 4 New High-Powered […]

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China Ranks 35 Crypto Projects as President Xi Pushes Blockchain

China Ranks 35 Crypto Projects as President Xi Pushes BlockchainChina has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the central bank is […]

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

Indian Crypto Trading Volumes Accelerate on Positive SentimentsCryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto Owners and Traders Should Avoid Strong Trading Volume Growth Banking services may be restricted […]

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Mistakes Crypto Owners and Traders Should Avoid

Mistakes Crypto Owners and Traders Should AvoidThere are many pitfalls one can easily get caught in when using, storing, investing or trading cryptocurrencies. While some mistakes could cost you a fortune, most of the common ones can easily be avoided. Bitcoin.com has produced a video featuring the top seven deadly mistakes crypto owners should avoid. Also read: ‘No-Deal Brexit Huge Positive […]

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McKinsey: Majority of Banks May Not Be Economically Viable

McKinsey: Majority of Banks Globally May Not Be Economically ViableManagement consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn. Also read: FATF Starts Checking […]

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State Bank of India Chief Argues Crypto Regulation Is a Must

State Bank of India Chief Argues Crypto Regulation Is a MustThe chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives […]

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Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

Bank Crisis Spreads in India - Deaths, Strike, Supreme Court DenialThe Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what the bank unions call “cold-blooded murder of six banks.” Also read: Indian Finance Minister […]

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