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All of the top ten cryptocurrencies by market cap have been hit by losses today, after news broke of the hack of the world’s sixth largest crypto exchange, Bithumb Go to Source Powered by WPeMatico
The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would … Read more
Dealing in crypto without obtaining a license from authorities has been declared illegal in Cambodia, in a joint statement released today by the country’s central bank Go to Source Powered by WPeMatico
Crypto markets experience solid gains today, despite news of a scathing report on crypto from the Bank of International Settlements Go to Source Powered by WPeMatico
The Bank of International Settlements says crypto can’t function as money, given it lacks “scalability, stability of value and trust in the finality of payments” Go to Source Powered by WPeMatico
The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by … Read more
Ripple’s global head of infrastructure innovation expects India’s central bank to rescind its crypto ban, based on its inquiry into own digital currency Go to Source Powered by WPeMatico
Former Trump advisor Steve Bannon is planning on entering crypto, saying if it weren’t for the White House, he would’ve done it sooner Go to Source Powered by WPeMatico
A Dubai-based cryptocurrency exchange has reportedly become the first crypto exchange in the Middle East and North Africa (MENA) region to receive a regulatory sandbox license. The license was granted by the Central Bank of Bahrain and will take effect this week. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Exchange Received Sandbox … Read more
RBI, the central bank of India, has not made a proper effort to thoroughly research the nature and usage of cryptocurrencies before issuing its crypto ban. This is according to a reply sent by the bank to a Right to Information query filed by a lawyer. Copies of the communication have been distributed on social … Read more
