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Bitcoin Push Rupee Cliff Fall Red Orange

India: Regulatory Bodies Fear Cryptocurrency’s Impact on Rupee

February 4, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, News, Regulation

According to a Quartz report published February 4, 2019, the Indian government is skeptical regarding the possible implications of cryptocurrencies on the Indian Rupee, fearing that digital currencies might destabilize the national currency. Regulatory Panel Hesitant of Cryptocurrencies The Indian government has long had a strict stance towards cryptocurrencies, often...

Blockchains Leaving a Cave Facing the Ocean

Cyprus Is Taking Blockchain Technology very Serious

February 3, 2019 by Neil at Adoption, Blockchain, Business, Finance, News, Regulation

There are many countries racing to attract blockchain startups, but Cyprus certainly appears to be a frontrunner, as it has the infrastructure and location to truly become a force in the cryptocurrency industry according to February 1, 2019, reports. While there are certain countries that are cracking down on cryptocurrency,...

CBOE and VanEck Re-apply for Crypto ETF

February 2, 2019 by Tokoni Uti at Bitcoin, Business, Commentary, Development, Finance, News, Regulation

After previously withdrawing their application due to the government shutdown, CBOE and VanEck have re-applied for a crypto ETF from the SEC on January 31, 2019. One More Try There has been a long and drawn out battle to secure a cryptocurrency ETF from the SEC. Firm after firm has...

Bitcoin ATM with New York Landscape as a Background

Cottonwood Vending Receives Bitlicense in New York

February 2, 2019 by Tokoni Uti at Adoption, Bitcoin, Business, News, Regulation

Cottonwood, a Bitcoin ATM operator, has confirmed in a January 31, 2019 tweet that they have received a virtual currency license from the state of New York. A License to Sell Cottonwood Vending LLC has gotten 2019 off to a productive start, announcing on January 31, 3019, that they have...

Bank of Korea to Establish Digital Asset Task Force

ICO Ban to Continue in South Korea, FSC Says

February 1, 2019 by Aisshwarya Tiwari at Altcoins, Business, Finance, News, Regulation

South Korea’s state financial regulator Financial Service Commission (FSC) will continue the ban on initial coin offerings (ICOs); this was confirmed in a press release published on January 30, 2019. ICO Fiasco in South Korea South Korea officially curbed ICOs on September 29, 2017, when the FSC stated that it...

UAE and Saudi Arabia Announce Joint cryptocurrency ‘Aber’

January 31, 2019 by Tokoni Uti at Adoption, Business, News, Regulation

The UAE and Saudi Arabian governments have revealed Aber, their joint Cryptocurrency which will soon begin its trial run in a number of selected banks in both countries. The announcement was published by Saudi Arabian Monetary Authority, January 29, 2019. Introducing 'Aber' A January 29, 2019, statement has shed some more...

Computer Screen with a Number of Drugs and Bitcoins

U.S. Congress Passes Bill to Investigate Crypto’s Role In Sex Trafficking

January 31, 2019 by Tokoni Uti at Altcoins, Bitcoin, News, Regulation

On January 28, 2019, U.S. Congress passed a bill to commission an investigation into the role played by cryptocurrency and online markets in global sex trafficking. Following the Trail On January 28, 2019, the Fight Illicit Networks and Detect (FIND) Trafficking Act of 2019 (H.R. 502) was passed by the...

The Underbelly of Crypto Universe: Terrorist Group Seeks Donations in Bitcoin

January 31, 2019 by Priyeshu Garg at Bitcoin, News, Regulation

On January 29, 2019, Izz ad-Din al-Qassam, the armed wing of the Hamas group announced that they are now accepting donations in bitcoin. This move comes after the organization’s financial isolation due to banking bans. The U.S. and Europe already designate Hamas as a terrorist group. Cash-Strapped Due to Banking...

VC 500 Startups Invests in Stablecoin Startup Stably

Fintech Firm Launches World’s First Hong Kong Dollar-Pegged Stablecoin

January 30, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Exchange, Finance, News, Regulation

Bitspark, a firm that claims to be the world's first bankless money transfer platform, has launched Sparkdex.HKD, the first stablecoin pegged to the Hong Kong Dollar (HKD). This is to encourage stablecoin diversification in other national currencies aside from the U.S. dollar, according to a Fintech Hong Kong report on January 29,...

Nvidia Blames China and Drying Crypto Mining Business for Disappointing Q4 2018 Results

January 30, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Finance, Mining, News, Regulation

According to a report by VentureBeat published on January 28, 2019, U.S. GPU manufacturing company Nvidia’s stock fell by more than 15 percent on Monday over fears of the company’s poor performance in the crypto mining industry. The company has revised its Q4 2018 revenue estimate, which now sits at...

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