Blockchain platform Algorand announced today that the digital Canadian dollar ‘QCAD’ stablecoin will be moving to the Algorand platform. Algorand claimed it would support instant confirmation, micropayments and automatic wallet support for the newly hosted QCAD token. CEO of Algorand Foundation, Sean Lee added that the scale and speed of Algorand protocol would in turnContinue reading “Canadian dollar stablecoin launched on Algorand blockchain”
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Altcoin
Oyster Protocol founder arrested; accused of operating multimillion-dollar tax evasion scheme
Founder of the now-defunct cryptocurrency scheme Oyster Protocol, Amir Burno Elmaani, has been arrested and charged by the US Department of Justice (DoJ) for a “multimillion-dollar tax evasion scheme.” According to the DoJ, 28-year-old Elmaani, who is also known as “Bruno Block,” was arrested this morning in Martinsburg, West Virginia. The notice went on toContinue reading “Oyster Protocol founder arrested; accused of operating multimillion-dollar tax evasion scheme”
Heath Tarbert, who currently serves as the 14th Chairman of the Commodity Futures Trading Commission (CFTC) announced today that he planned to resign early next year. The regulator who concluded negotiations with the EU and UK to build stronger relationships with counterparts is also known for promoting fintech innovation. Moreover, in his public statement, heContinue reading “CFTC Chairman Heath Tarbert intends to resign early next year”
Morgan Stanley Investment Management’s Chief Global Strategist, Ruchir Sharma thinks that the current financial system, the United States dollar, in particular, is facing significant competition from Bitcoin. In an article, published on 9 December, Sharma wrote that Bitcoin will “gain from widening distrust in the traditional alternatives.” After giving an overview of the world’s reserveContinue reading “Bitcoin will gain from ‘distrust in traditional alternatives’”