Category : Crypto

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Crypto Week In Review: China, Japan, U.S. Regulators Approve Crypto

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Declining volatility in crypto markets has allowed startups, investors, and industry leaders to slow down, and postulate about the future of this nascent industry, catalyzing a series of positive developments. For one, in the past week, certain crypto-centric entities were awarded wheelbarrows of regulatory traction, with leading governmental agencies from Japan and the U.S. expressing their approval for this innovation,
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We Will Provide Missing Link for Institutional Investors, Says Fidelity Crypto Head

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The president of Fidelity Digital Asset Services has spoken about the company’s plans in an interview, such as the decision not to launch an in-house exchange, how it intends to attract more institutional investors, and why it’s crypto offering is focused on custody and trade execution. Crypto Paired with More Traditional Financial Models In his interview with Laura Shin, yesterday,
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IBM Survey: No Major Central Bank Will Implement CBDCs in the Near-Term

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A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials. IBM Survey Finds That Central Banks Won’t Be Introducing CBDCs in Near-Term The report was conducted by IBM and the Official Monetary and Financial Institutions Forum (OMFIF). The survey, finalized on 21 September 2018,
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Engineers are Leaving Silicon Valley Firms to Crypto; Sign of Demand

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In recent months, an increasing number of engineers and developers announced that they are leaving established Silicon Valley tech companies in search for new opportunities in the world of blockchain and crypto. Firms like Facebook, Apple, Google, Netflix, and Amazon are all viewed as target companies for most engineers. However, even these giants are rapidly losing their best developers to
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Report: North Korean Elite Behind Scams Targeting Crypto Investors

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Members of the ruling elite in North Korea are suspected of launching two scams aimed at exploiting gullible crypto investors still attempting to get in early on a potential moon shoot. The totalitarian state is thought to be using such schemes to stay afloat in the face of international sanctions. Technical Sophistication of North Korean Elite Increasing In a revealing
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India’s Suprement Court Orders Government to Define Policy on Crypto Within Two Weeks

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The Indian Supreme Court on Thursday asked the Government to share its view on cryptocurrency within two weeks. The court is addressing the multitude of petitions filed by digital currency operators against the central bank’s anti-crypto circular. India is Two Weeks Away from Ending Policy Confusion over Crypto As Supreme Court Demands Clarification The Reserve Bank of India’s (RBI) circular
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Sony Reveals Contactless Crypto Wallet, Prepping for Crypto Ecosystem?

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A research and development division at Sony has unveiled a new contactless cryptocurrency hardware wallet for cold storage, which could indicate the consumer electronics giant may be eyeing a bigger move into the cryptocurrency space. Sony Computer Science Lab Preparing Contactless Crypto Wallet The research and development arm of Japan-based Sony Corporation, Sony Computer Science Laboratories, Inc. have issued a
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Sweden to Bring Forward Launch of State-Backed Digital Currency e-Krona

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The government of Sweden has called for plans to launch a digital version of their fiat currency, the krona, to be brought forward. As the country moves rapidly towards a cashless future, there are concerns that citizens will turn to means of payments provided by “private agents” without “state-guaranteed” digital cash. Swedes Quickly Dropping Paper Money Last year, a report
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Analyst: Low Volatility is a Positive Sign for the Cryptocurrency Markets

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As the cryptocurrency markets continue to trade sideways as trading volume decreases, many traders are beginning to lose patience and interest in the markets. Despite this unusual trading activity in generally volatile markets, one analyst believes that it is actually a good sign for the future success of the markets. At the time of writing, Bitcoin is trading at $6,465,
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Bitfury [Reportedly] Considering a $5 Billion Crypto IPO in Europe

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Bitfury is reportedly in talks with global investment banks regarding its plans to launch Europe’s biggest crypto IPO till date, reported Bloomberg. The cryptocurrency mining startup plans to go public in either Amsterdam, London or Hong Kong, with a tentative valuation anywhere between $3 billion to $5 billion, depending on the market and industry conditions at the time of the