#commentary News

Congressman Ted Budd Asks for Lower Taxes on Cryptocurrency Transactions

June 10, 2019 by Aisshwarya Tiwari at Regulation

Speaking at the U.S. House Ways and Means Committee on June 4, 2019, U.S. Republican Congressman Ted Budd mentioned two crypto specific bills he hopes would witness unanimous support from the Congress. These bills are titled The Cryptocurrency Tax Fairness Act, and the Virtual Value Tax Fix of 2018. Cryptocurrency...

G20 Finance Leaders Acknowledge Cryptocurrencies’ Technological Benefits for the Financial System

June 10, 2019 by Aisshwarya Tiwari at Regulation

Japan’s Ministry of Finance on June 9, 2019, published a joint statement from the various G20 finance ministers and central bank governors requesting the Financial Stability Board (FSB) to keep a close eye on risks surrounding crypto-assets. The two-day meeting in Fukuoka, Japan, took place over the weekend. Call for...

Indian Government’s Crypto “FUD” Is Unlikely to Cease

June 4, 2019 by Ashwath Balakrishnan at Regulation

The newly formed Indian government, led by Prime Minister Narendra Modi, is unlikely to change their stance on cryptocurrencies despite optimistic viewpoints from local industry leaders. The previous task force recommended a blanket ban, but the newly set up committee has started their research afresh, as reported by Quartz India, June...

Ironing out the Facts: Joe Lubin and Jimmy Song’s dApp Bet

June 1, 2019 by Ashwath Balakrishnan at Ethereum

Ethereum and ConsenSys co-founder Joe Lubin's bet with Bitcoin educator Jimmy Song's bet has been subject to widespread debate. Song, a critic of Ethereum and dApps, bet Lubin that Ethereum dApps wouldn't reach 10,000 daily active users on five different dApps by 2023. IDEX explains the nuances of the bet and...

Cobinhood Founder Dismisses Exit Scams Allegations

June 1, 2019 by Aisshwarya Tiwari at Commentary

On May 29, 2019, Popo Chen, the founder of cryptocurrency exchange Cobinhood cleared the air surrounding the trading platform in stating that reports of the exchange filing for bankruptcy or pulling an exit scam were false. A Series of Unfortunate Events On May 21, 2019, based on Twitter user @SandorReport’s...

Antonopoulos Crypto Success is Not Measured by Adoption or Market Cap

Report: Despite the Resurgence in Price, Bitcoin Sees Little Adoption

May 31, 2019 by Aisshwarya Tiwari at Bitcoin

According to a Bloomberg report published May 31, 2019, bitcoin’s use for economic transactions is still tremendously low despite the recent surge in its price. Not so Bullish Behind the Price It would be fair to say that the recent spike in the price of bitcoin has been largely successful...

German Central Bank Presidents Warns of Digital Currency Blaze

May 30, 2019 by Ashwath Balakrishnan at Altcoins

Jens Weidmann, President of Bundesbank, believes mainstream adoption of digital currencies will lead to a systematic destabilization of the financial markets and banking system, May 30, 2019. More Doomsday Predictions Central banks around the world are exploring the potential of electronic cash in response to a growing demand to digitize...

European Central Bank Executive Backs Central Bank Digital Currencies

May 29, 2019 by Mohammad Musharraf at Adoption, Finance

In his speech published May 27, 2019, Vitas Vasiliauskas, a Governing Council member of the European Central Bank, highlighted the benefits of a central bank digital currencies (CBDC). The Council member referred to some of the major drawbacks that hinder its implementation. The speech was delivered during the Reinventing Bretton...

Crypto-Brokers Demand Regulations in Hopes to Build Trusted, Respectable Businesses

Circle CEO Announces Eliminating Ten Percent of Staff Citing Regulatory Certainty as Reason

May 23, 2019 by Mohammad Musharraf at Business

Jeremy Allaire, the CEO of Circle, the company behind the famous Poloniex exchange and the USDC stablecoin, tweeted May 22, 2019, that the company was laying off ten percent of their staff at Circle as a result of the restrictive regulatory framework in the United States. The U.S. Needs a...

“Crypto Spring” May Be Back, but Investors Should Remain Cautious

May 22, 2019 by Ashwath Balakrishnan at Altcoins, Bitcoin, Cryptocurrency Market Outlook, News

Is crypto spring finally here? Renowned venture capitalist and angel investor, Fred Wilson, believes it just may be, as he mentioned in a blog post, May 15, 2019. His fund, Union Square Ventures (USV), is one of the most significant private investment funds in the space and has funded the...

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