European leaders seem to have finally come to a consensus that the innovative technology underlying crypto-assets “has the potential to improve efficiency and inclusiveness of the financial system and economy more broadly,” as emphasized at the G20 summit in Argentina in March 2018. However, when it comes to regulation, the...
The crypto market is continuing to grow with only slight dips today, April 23, as Bitcoin (BTC) remains close to $9,000 after two weeks of gains and total market cap hits a 7-week high, according to data from CoinMarketCap. Crypto market visualization from coin360.io BTC is currently trading at around $8,840,...
Goldman Sachs has hired crypto trader Justin Schmidt as vice president of digital asset markets of their securities division in order to help clients navigate cryptocurrencies, Bloomberg reports today, April 23. Schmidt, an MIT Computer Science Masters graduate, had previously worked at financial institutions WorldQuant LLC, LMR Partners, and Seven...
The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local news outlet Arabian Business reported Saturday, April 21. According...
The High Court of Delhi has reportedly issued a notice to the Reserve Bank of India (RBI), the Ministry of Finance, and the Goods and Services Tax (GST) Council alleging that RBI’s decision to end dealings with crypto businesses violates the constitution, local news outlet Times of India reports...
CEO of major over-the-counter (OTC) crypto exchange OTCBTC and Facebook hackathon winner Yi-Ting Cheng (better known as xdite) has announced that she is running for mayor of the Taiwanese capital city Taipei this year, according to Cheng’s Facebook post on April 14. Cheng is known as a world class developer...
Earlier this week, a group of cryptocurrency exchanges in Chile applied to the courts to fight the decision of banks to shut down their bank accounts. The exchanges, including Buda, Orionx, and CryptoMarket (CryptoMKT), state that the banking system in Chile is taking matters into their own hands and...
Indian banking giant ICICI Bank has consigned more than 250 corporates to its Blockchain platform for domestic and international trade finance transactions, according to a press release published April 17. ICICI Bank started exploring Blockchain opportunities for their business in 2016. In June of that year, the bank created the...
The US-based Blockchain project Basis (formerly known as Basecoin), which claims to provide a non-volatile cryptocurrency or stablecoin, has recently raised $133 mln in funding from big name investors, according to an official blog post published today, April 18. Basis announced today that they had raised $133 mln in private...
Bitcoin captured global curiosity when its’ value skyrocketed in 2017. Yet, financial institutions have been slow to add operational value to the crypto market.   The common denominator among places where governments and banks have restrained digital markets is the lack of transparency and control they have in exchanges. Many research...