UK’s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver

UK's Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and SilverWhile the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits over the last 12 months. In fact, the Royal Mint’s annual earnings show the firm has seen the highest profits in 12 years, with PMs […]

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The US SEC Revokes Registration of Long Blockchain Corp’s Securities

The US SEC Revokes Registration of Long Blockchain Corp's SecuritiesThe U.S. Securities and Exchange Commission (SEC) says it has revoked the registered securities of Long Blockchain Corp (LBCC) after the company failed to file annual reports since Dec. 31, 2017. In addition, the SEC says LBCC, which made the switch from soft drink production to activities related to blockchain technology in December 2017, is […]

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Indian Officials Visit Regulators in Japan, UK, Switzerland to Study Crypto

Indian Officials Visit Regulators in Japan, UK, Switzerland to Study CryptoThe Securities and Exchange Board of India has sent officials to Japan, the UK, and Switzerland to study cryptocurrency and initial coin offerings from each of the three countries’ financial regulators. The securities watchdog aims to engage with international regulators and gain a deeper understanding of their crypto mechanisms and systems in order to improve […]

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Reserve Bank of India Anticipates Shift to P2P Crypto Trading

Reserve Bank of India Anticipates Shift to P2P Crypto TradingIndia’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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JP Morgan Chase Fears Crypto Is Disruptive Competition

JP Morgan Chase Fears Crypto is Disruptive CompetitionPerhaps cryptocurrency’s largest institutional nemesis is JP Morgan Chase. Led by the ever-belligerent Jamie Dimon, it and he have taken numerous opportunities to sandbag bitcoin and its spawn. Theories about why have long circled, but now there appears to be proof the legacy bank is threatened by decentralized currency in digital form, according to an […]

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Bank of America Acknowledges the Threat Posed by Cryptocurrency

Bank of America Acknowledges the Threat Posed by CryptocurrencyFor all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, […]

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