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SEC Officials Publish Framework for Determining Legal Status of Digital Assets

April 4, 2019 by Tokoni Uti at Commentary, Development, Finance, News, Regulation

There is a little more clarity regarding the legal status of digital assets as two SEC officials have published a framework that helps in determining whether an asset qualifies as such on April 3, 2019. A Guiding Force The Securities and Exchange Commission (SEC) has a long and interesting history...

Man Pulling a Wagon of Bitcoin to Coincheck

Boost for Institutional Crypto Adoption as Coincheck Launches Bitcoin OTC Trading Desk

April 1, 2019 by Tom Nyarunda at Adoption, Business, Exchange, Finance, News, Platform

Coincheck cryptocurrency exchange announced on April 1, 2019, that it is launching a Bitcoin over-the-counter (OTC) desk for institutional investors. The new service enables large-scale players to buy and sell large amounts of cryptocurrencies swiftly. Initially Accepting Bitcoin The Japan-based cryptocurrency exchange reported via a blog post that institutional investors...

Germany’s Second-Largest Stock Exchange to Jointly Launch Cryptocurrency Exchange

March 29, 2019 by Aisshwarya Tiwari at Business, Exchange, Finance, News

Germany’s second-largest stock exchange, Börse Stuttgart has partnered with digital publisher Axel Springer and its sister concern finanzen.net to launch a blockchain-based digital assets trading platform jointly. This according to an official press release published March 27, 2019. A Three-Way Cryptocurrency Exchange In December 2018, the crypto community got a...

DFS Grants Virtual Currency License to Tagomi Trading

March 29, 2019 by Tokoni Uti at Altcoins, Bitcoin, Business, Finance, News, Regulation

Tagomi Trading is the latest firm to get approved for a virtual currency license by the New York State Department of Financial Services (DFS), as announced on March 27, 2019. Welcome to the Club By receiving this license, Tagomi is now legally allowed to trade in digital assets in the...

Thinking Woman Blockchain Red Blue Glasses Blonde

BOA Tech Chief Says Blockchain Technology May Amount to Nothing

March 27, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Commentary, News

Cathy P. Bessant, chief operations and technology officer at the Bank of America (BOA), a multinational investment bank and financial services firm, has opined that blockchain technology has no significant use case in finance and could amount to nothing in the near future, reports CNBC on March 25, 2019. Bessant...

Crypto Trading App Robinhood Makes its First Acquisition

March 26, 2019 by Neil at Adoption, Altcoins, Bitcoin, Business, Finance, News

While there are payment service providers that have attempted to either downplay or stall the fact that cryptocurrency can potentially change the way that businesses send value to each other, Robinhood has embraced the sector to a large extent. On March 25, 2019, the company announced that it had acquired...

Bitmain’s IPO Filing Expires; New CEO Appointed

March 26, 2019 by Aisshwarya Tiwari at Business, Finance, Hardware, Mining, News

Bitmain’s initial public offer (IPO) application with the Hong Kong stock exchange (HKEX) officially expired on March 25, 2019, a Twitter user with the name Dovey Wan noted. With this, Bitmain’s ambitions for an IPO in Hong-Kong have officially come to an undesired end. After its official IPO filing with...

Bank of International Settlements Manager Advises Against Central Bank-Backed Coins

March 26, 2019 by Tokoni Uti at Altcoins, Commentary, Finance, News

It would seem that Agustin Carstens is still not a fan of cryptocurrencies as he stated during a March 22, 2019 speech at the Central Bank of Ireland that the issuance of central bank-backed tokens could destabilize the economy. Token Resistance While many private companies such as JP Morgan and...

Convicted Ex-Enron CEO Reportedly Mulls over Cryptocurrency Foray

March 26, 2019 by Osato Avan-Nomayo at Adoption, Blockchain, Business, News, Regulation

Jeffrey Skilling, the former CEO of Enron Corp, fresh from serving a 12-year prison sentence for fraud and insider trading might be looking to make a comeback via the emerging cryptocurrency and blockchain technology market. While details are still sketchy, early reports from The Wall Street Journal indicate that the proposed...

Bitcoin Stabilizes above $4,000 Mark, Suggesting Next Move Might Be North: BTCManager’s Week in Review March 25, 2019

March 25, 2019 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Business, News Digest, Regulation

The price of bitcoin managed to remain above the $4,000 mark, suggesting that this psychological important resistance line has now become a support level, which means the next move may be another leg higher. During a week filled with little market-moving news, the most relevant headlines for Bitcoin investors has...

Western Union Phones Connected via Blockchain

Western Union to Leverage Stellar Blockchain Courtesy of New Partnership

March 25, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Blockchain, Finance, News

Popular international payments company Western Union has entered into a partnership with Thunes, a cross-border payments fintech startup, reports Finextra, March 21, 2019. The newly forged alliance allows Western Union customers to transfer funds directly into the recipient’s mobile wallet around the world. Ensuring Enhanced Financial Inclusion Enabling seamless cross-border...

Hand Holding a Holographic Coin with Swiss Flag in the Background

Switzerland: Federal Assembly Approves Cryptocurrency Regulations Motion

March 22, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Blockchain, News, Regulation

Switzerland’s Federal Assembly on March 20, 2019, passed a motion in favor of adopting the existing cryptocurrency regulation legislation. The motion was supported by 99 assemblymen who voted in its favor and will now move to the upper house of the parliament for final voting. The Swiss Federal Assembly OKs...

Morgan Creek Invests in Ikigai Crypto Asset Management Firm

March 22, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

Morgan Creek Digital has invested an undisclosed amount in Ikigai Asset Management, a cryptocurrency and digital asset management firm that claims to be focused on generating superior risk-adjusted returns for its clients through venture-stage pre-Initial Coin Offering (ICO) investments, according to a Business Wire press release on March 20, 2019....

Bear Holding a Stack of Cryptocurrencies

BlockFi Registers 10,000 Customers for Its Crypto Interest-Bearing Accounts

March 21, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Finance, News

According to a Bloomberg report published March 20 2019, a significant number of risk-averse cryptocurrency investors have flocked to BlockFi, a fintech startup that offers a healthy interest rate of 6.2 percent per annum on Bitcoin and Ethereum deposits. HODLers Find Refuge with BlockFi The crypto market continues to evolve...

Nvidia Hopes to Increase Profits after Selling Crypto Mining Inventory

March 21, 2019 by Tokoni Uti at Business, Finance, Mining, News

Hope might be on the horizon for Nvidia, as the chip maker is on track to sell off all their built up inventory by the first quarter of 2019 according to a March 19, 2019 report. Clearing Stock and High Hopes When the crypto winter came fell upon the industry...

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