About Author:
Shaurya Malwa
After graduating in business from the University of Wolverhampton, Shaurya ventured straight into the world of cryptocurrencies and blockchain. He believes decentralizing the world's financial, economic, and political systems is mankind's next giant leap.
South Korean legislators are planning to chase the road to clear their stance on Initial Coin Offerings (ICO) in November this year. Despite the government’s on-again-off-again relationship with cryptocurrencies, a National Assembly committee has mooted to revamp the cryptocurrency policies in the country on October 10, 2018. South Korea: Bringing...
A warning statement from the International Monetary Fund (IMF) ascertains the "rapid growth" of Bitcoin and other cryptocurrencies could create "new vulnerabilities” in the globe’s financial markets, as published in the IMF’s World Economic Outlook report on October 9, 2018. IMF Warns Investors The paper pointed out cryptocurrencies, such as...
A Chinese government-owned organization is developing three “blockchain standards” to govern privacy, deposits, and smart contracts made possible through the technology. The move is said to “better guide” the burgeoning local industry, reported China Money Network on October 8, 2018. Augmenting the Local Industry Li Ming, official and director of...
International banking providing Aon will now offers insurance for four cryptocurrencies offered by Gemini, the Winklevoss Brothers’ owned cryptocurrency exchange and custodian, as per an official announcement on October 3, 2018. Gemini Increases Credibility The New York-based entity is taking huge strides as a credible player in the rising crypto-finance...
Wirex, a leading crypto and traditional currency payment platform, launched IBAN on EUR accounts for users in Spain and France while increasing account limits - making them some of the highest limits in the industry, according to a mail shared with BTCManager on October 1, 2018. Expanding Borders and Account...
The world’s first decentralized dark pool exchange, RenEx, launched on September 27, 2018, as per an announcement shared with BTCManager. Dark Pools 101 Developed by Singapore-based Republic Protocol, the platform focuses on trading large volumes of cryptocurrencies on hidden order books, called “dark pools,” between high-net-worth buyers and sellers. The...
Over 75 international banks joined as participants on a significant blockchain payments trial piloted by the likes of J.P. Morgan, ANZ and the Royal Bank of Canada, reported Financial Times on September 25, 2018. J.P. Morgan Propels Blockchain Adoption Although the development has grown to include some of the world’s...
British lawmakers mentioned on September 19, 2018, that the cryptocurrency market needs urgent regulations. The Government should take action to protect retail investors from volatile prices, technical vulnerabilities, and position U.K. to become a global leader in the cryptocurrency industry, given its position as a financial hub. Lack of Comprehensive...
Zebpay, an Indian cryptocurrency exchange , announced to all customers on September 4, 2018, outlining its intentions to return all INR balances to customer bank accounts, regardless of the country’s strict directive against doing so. Bold Steps As stated in the mail, Zebpay noted the lack of financial avenues has led...
Following the footsteps of regional developments in South East Asia, the Philippines Security and Exchange Commission could soon pass relevant laws for the operation of cryptocurrency exchanges in the country, Manila Times reported September 3, 2018. Philippines’ Crypto Push Amidst growing interest in cryptocurrency and related businesses, the SEC observed...
