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Bank Raided, Arrests Made but RBI Still Restricts Withdrawals
6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...
Russia Regulates Digital Rights, Advances Other Crypto-Related Bills
4.10.2019
After much deliberation in the past months and years, Moscow has recently taken important steps toward regulating the crypto space. These are part of the efforts to open the way for the development of the Russian digital economy. The country, heavily dependent on energy exports and hurt by Western...
Crypto Investment Group Grayscale Releases Bitcoin Cash Primer
4.10.2019
Crypto investment firm Grayscale has just released “An Introduction to Bitcoin Cash” highlighting the basics of BCH for those who may be yet unfamiliar, or just wish to brush up on the popular token forked from Bitcoin Core on August 1, 2017. With a significant reputation in...
7 Crypto ETPs Now Trading on Main Swiss Stock Exchange
4.10.2019
Switzerland’s principal stock exchange now has seven cryptocurrency exchange-traded products (ETPs) listed. They allow investors to either gain exposure to individual cryptocurrencies or invest in portfolios of top cryptocurrencies. Four ETPs track the prices of single cryptocurrencies. Also...
BitGo Acquires Hedge, Unveils Cryptocurrency Staking
4.10.2019
The leading digital asset financial services provider, BitGo, has acquired a startup company called Hedge, which operates in the staking infrastructure space. The acquisition is a part of BitGo’s move to venture into staking as it unveiled BitGo Staking on October 3, 2019. Initially, it...
RBI Ban Stops Indian Police From Cashing Out Seized Crypto
4.10.2019
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read:...
Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin
3.10.2019
Last month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during...
Ohio Removes Option to Pay Taxes With Crypto While Local SLP Project Presses Forward
3.10.2019
The state of Ohio has become an unexpected center of American fintech focus in recent years, thanks to remarkable developments at the intersection of crypto, blockchain and government. That said, the online crypto portal that has allowed Ohio businesses to pay their taxes with bitcoin since last...
10 Main Trends in Digital Assets this Year, Picked by 5 Crypto Experts
2.10.2019
The Cryptoverse has certainly seen its fair share of trends over the years, both short and long-lasting. However, we wanted to find out from the industry’s experts what trends in digital assets they think are rocking the Cryptoworld this year.
Cryptonews.com had a chance to talk with...
New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals
2.10.2019
Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being...
Financial Services Giant Morningstar to Offer Ratings for Crypto Assets
2.10.2019
Morningstar Credit Ratings is planning a rating system for tokenized debt securities to make the emerging asset class more credible for investors
How G20 Central Bank Digital Currencies Are Progressing
2.10.2019
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will...
Coinbase Forms Crypto Rating Council (CRC) to Help Traders Comply with US securities Law
1.10.2019
Cryptocurrency exchange Coinbase has announced a member organization called Crypto Rating Council, which aims to assist the crypto traders to comply with the US federal securities law. The council was formed along with Bittrex, Kraken, Circle, DRW, Anchorage, Cumberland, Grayscale investments,...
Crypto Investors KR1 Thank Cosmos Network for $5.6M Profit in H1 2019
1.10.2019
European digital asset investment firm KR1 posts $5.6 million profit for the H1 2019 mainly due to the launch of Cosmos network
Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund
1.10.2019
The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products....
Fidelity Digital Assets to Provide Custody for Bitcoin Derivatives Yield Fund
30.9.2019
The Los Angeles-based Wave Financial has launched what it touts as the first crypto-derivatives-based yield fund on the market
Custody Services for Digital Assets: Everything You Need to Know
28.9.2019
Custodial solutions for Bitcoin are improving rapidly, making room for large financial institutions to participate
SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry
28.9.2019
The U.S. Securities and Exchange Commission (SEC) regularly draws the ire of crypto proponents who are frustrated at its failure to support innovation and entrepreneurship. Despite this, some have warmed to the agency’s opinionated commissioner Hester Peirce, who has adopted the moniker...
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
Without Disobedience, Bitcoin Is No Better Than Gold
27.9.2019
With the launch of Bakkt’s bitcoin futures market and Binance’s revamped U.S. exchange, there’s been a lot of talk in the space about institutionalization and traditional money flowing into crypto. It’s almost as if some believe that Bitcoin can’t scale as a purely...