About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
The Governor of the Bank of Japan (BOJ) revealed plans by the central bank to begin testing its proposed central bank digital currency (CBDC) in the Spring of 2021. Japan Eyes CBDC Tests in 2021 According to a Reuters report on Monday (October 12, 2020), the BOJ Chief Haruhiko Kuroda...
Following the ongoing battle between BitMEX, a global crypto derivatives exchange, and the U.S. government, BitMEX operator 100x Group has hired a new Chief Compliance Officer (COO). BitMEX Making Efforts to Improve Compliance Practices The news of the appointment was announced via a blog post on Monday (October 12, 2020)....
U.S. Payment company Square is now the latest publicly-listed firm to invest directly in Bitcoin following MicroStrategy’s $425 million Bitcoin acquisition back in September. Square Pumps $50 Million in Bitcoin Square announced the news of the Bitcoin acquisition via a tweet published on Thursday (October 8, 2020). According to the...
South Korea’s central bank is preparing to enter the final phase of its central bank digital currency (CBDC) pilot program, as it hopes to start the distribution and testing of the digital won in 2021. South Korea to Begin CBDC Trial in 2021 According to the Korea Times on Wednesday...
The UK Financial Conduct Authority (FCA) has officially prohibited the sale of crypto derivatives and exchange traded notes (ETNs) to retail consumers in the UK. FCA Says Ban in the Interest of Retail Crypto Traders The UK financial watchdog made this announcement in an official press release on Tuesday (October...
ConsenSys will be collaborating with the Hong Kong Monetary Authority (HKMA) to a cross-border payment network for HKMA’s central bank digital currency (CBDC) project Ethereum Developer ConsenSys Joins the Hong Kong and Singapore CBDC Pilot The U.S. Ethereum blockchain development company announced the news via a press release on Friday...
A new decree in Venezuela officially made Bitcoin mining legal in the country. However, the regulation will enable authorities to monitor the BTC mining sector. Bitcoin Mining Legal in Venezuela The decree issued by Venezuelan’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP) was implemented on Monday, according to...
The U.S. banking regulator has issued guidelines that will enable banks to offer services to stablecoin coin issuers in the country. Federal Financial Institutions to Offer Services to Stablecoin Issuers In an interpretive letter published by the Office of the Comptroller of the Currency (OCC) on Monday (September 21, 2020)...
Institutional investors do not seem to be backing down from cryptocurrency yet, as many of the big money spenders are bracing up to acquire more crypto assets. UK and US Institutional Investors Want More Crypto According to a report from crypto insurance startup Evertas, institutional investors in the U.S. and...
Phil Anderson, running for the Wisconsin State Assembly has stated that he would accept cryptocurrency donations towards his campaign, using U.S. crypto payment platform BitPay. Anderson Defends Legality of Crypto Political Donations In an announcement released by Phil Anderson’s campaign team on Monday (September 21, 2020), the entrepreneur and real...
Cryptocurrency firms and fintech companies in the United States will start to enjoy a less cumbersome registration process with reduced cost, following a new unifying rule. One Rule, Cheaper Costs According to Reuters on Tuesday (September 15, 2020), the Conference of State Bank Supervisors (CSBS) announced a new regulatory strategy...
Microstrategy seems be doubling down on Bitcoin after the company purchased another 16,796 BTC worth $175 million. Microstrategy’s Total Bitcoin Holdings Worth $425 Million Tweeting on Tuesday (September 15, 2020) the company’s CEO Michael Saylor announced the addition of 16,796 BTC to its stash. Although BTC’s value has risen and...
A group that focuses on Bitcoin education has started a Bitcoin-centric advertisement using various methods in different parts of Hong Kong. Radical Bitcoin Campaign in Hong Kong The Bitcoin Association of Hong Kong has started a Bitcoin ad campaign in major areas across Hong Kong. The BTC campaign which began...
After suffering a couple of 51% attacks, Ethereum Classic (ETC) Labs is planning to adopt measures that would protect its network from similar attacks in the future. ETC Goes After NiceHash Amid Multiple 51% Attacks In a Medium blog post on Monday, ETC Labs announced that it would involve regulators...
Kazakhstan cryptocurrency mining sector might be seeing a boost with the government looking to invest over $700 million in the sector. Kazakhstan’s Crypto Mining Industry Getting Government Support According to Reuters, the Digital Development Minister of Kazakstan, Bagdat Mussin, announced the government’s interest in investing $714 million in the crypto...
