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China Should Indulge in More Blockchain-Based Development and Innovation Says President Xi Jinping
28.10.2019
Xi Jinping, the honorary President of China, has earnestly appealed for an increased requirement of development, research, and investment in the blockchain technology. The crucial statements were underlined by Xi Jinping during his interaction at the meeting of the Politburo on Thursday. While...
Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested
28.10.2019
The operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto Capital. The men behind Crypto Capital now face charges related to money laundering in Poland and the U.S. Also Read: Tether Created ‘Largest Bubble in Human...
Is China’s New Fascination With Blockchain Really Good for Bitcoin?
27.10.2019
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging...
China's President Makes Major Push for Blockchain
25.10.2019
China’s President Xi Jinping urged the country to accelerate the development of the blockchain technology due to its importance "in the new round of technological innovation and industrial transformation" of China.
The President was speaking at a group study session of the Communist Party of China...
President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain
25.10.2019
In his first major comments on blockchain, Chinese President Xi Jinping said the country should implement the technology across the economy
Polish Police Arrests Crypto Capital President on Account of Money Laundering Allegations
25.10.2019
The notoriously renowned spearhead of payment processor firm, Crypto Capital, has been arrested by the Polish police as revealed by the news articles of the local media channels. Ivan Manuel Molina Lee, who serves as the President of Crypto Capital has been charged for money laundering and drug...
Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates
24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...
Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky
12.10.2019
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed...
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Ecuador President Does Away with Fuel Subsidies
2.10.2019
In a development that could well prove to be divisive, the President of Ecuador announced on Tuesday night that the country is going to end subsidies that keep down the cost of fuel. Lenin Moreno, the current Ecuador president stated that in addition to the ending of subsidies, the government...
ECB President: Stablecoins and Crypto Not Suitable Money Substitutes
27.9.2019
ECB president says stablecoins and crypto are not yet suitable as money substitutes
US President Donald Trump Bans Petro Cryptocurrency
16.9.2019
The United States President, Donald Trump has announced the ban of Venezuelan cryptocurrency, Petro, in the country. The U.S Senate Bill 1025, which will essentially enforce an executive order, signed by Donald Trump in 2018, came into law. The executive order banned the U.S citizens, permanent...
Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin
14.9.2019
In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially...
Major US Crypto Exchange Coinbase Appoints New Vice President Dan Yoo
10.9.2019
Coinbase has reportedly appointed Dan Yoo as vice president, replacing Emilie Choi
Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime
10.9.2019
A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony...
Swiss National Bank President Says Stablecoins Could Hamper Policy
7.9.2019
Swiss National Bank President Thomas Jordan says foreign-pegged stablecoins could hamper Switzerland’s monetary policy in some circumstances
NEM Foundation Vice President Jason Lee, Shares his Experiences about NEM Blockchain and Launch of Catapult
29.8.2019
NEM Foundation Vice president, Jason Lee accepts that blockchain can resolve real-world issues. His position at the Singapore-based NEM.io establishment helps Lee to accomplish this by allowing him the chance to encourage enterprises to embrace NEM blockchain technology to aid development...
Crypto Custodian BitGo Hires Former Xapo Vice-President as CRO
19.8.2019
Former Xapo senior vice-president Pete Najarian will now serve as BitGo’s chief revenue officer
China Designated as Currency Manipulator by United States Treasury
6.8.2019
In what can be termed as an unexpected turn of events, the United States Treasury has designated China as a Currency Manipulator. The announcement has been done via the Treasury Department’s official Twitter handle on 5th August, followed by a press release. U.S. Treasury Designates China as...
Currency War Erupts as US and China Bring Out the Big Guns
6.8.2019
What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people...