While China continues to work towards launching its own stablecoin, Japan practices caution. According to a report, the Governor of Bank of Japan, Haruhiko Kurado, has said that the central bank has no intention to issue digital currencies. The central bank is instead, working on crypto-asset research, in case the need to do so emergesContinue reading “Bank of Japan’s Governor supports digital currency research, not issuance”

Ripple’s On-Demand Liquidity [ODL] platform has grown seven-fold in 2019 and has managed to expand its reach by signing-on new ODL customers across the world. The company had in fact, recently announced the opening of gateways to Australia, after its successful implementation in Mexico, the Philippines, and later, Brazil. The XRP/MXN corridor has been highlyContinue reading “XRP Liquidity Index surpasses 6 million on Bitso to record ATH”

The ‘IAMAI v. RBI’ case has been on the backburner since August 2019, after the Supreme Court deferred the case for 2 weeks as part-heard. However, the bench of India’s highest court has still not re-assembled for the ‘IAMAI v. RBI’ case due to other priority cases. The bench was supposed to reconvene on 19Continue reading “India’s Supreme Court adjourns ‘IAMAI v. RBI’ case till January”

Authorities in the United States have been deliberating on regulations for cryptocurrencies and its technology for quite a while now. On the other end of the spectrum, many countries such as China are nearly ready with their own cryptocurrency. In yet another case that might be highlighting the mainstream banking system’s distaste for cryptocurrencies, theContinue reading “Bank of America to terminate VC’s account; crypto-community reacts”

Bitcoin’s misstep on 25 September, caused its price to tumble under the $9k mark, but it gradually climbed above it on October 26 with almost 22% gains. However, the boost was only short-lived as the coin re-traced its downward journey and was valued at $8,538.11, at press time. Even though the current Bitcoin market reflectedContinue reading “Bitcoin’s 100-day MA crossover may be inviting for buyers”

The culmination of 2017 bull-run gave rise to scores of crypto millionaires and a few billionaires. Jed McCaleb, co-founder of Ripple was one of the very few who made the list. On his exit from Ripple in 2013, McCaleb held 9 billion XRP and had signed a contract with Ripple to ensure that no hugeContinue reading “Jed McCaleb has sold half the XRP he received; left with ~4.5 billion”

The Association of Financial Markets in Europe, a body that represents global and European banks, recently published a paper highlighting the necessity for regulators across 11 jurisdictions in Europe to collaborate in dealing with cryptocurrencies. As the Association highlighted the potential benefits and risks associated with the same, it mentioned that the collaboration of NCAs,Continue reading “AFME proposes five recommendations for supervisory convergence of crypto-regulations”

Ethereum noted a 36% fall in September and it has since been trying to recover from it. The drop caused the value of the second-largest asset to fall to $150, following which it made several failed efforts at recovery. Strong bearish momentum has maintained the low price of the coin, as even after an 18%Continue reading “Ethereum may recover from September’s fall with ascending triangle breach”

Bitcoin has been going through tough times after its market price was recorded to be around $8,720, at press time. However, the largest cryptocurrency’s liquidity has not taken a hit on BitMEX exchange with its order book depth, according to Skew markets. The derivatives market analyst released metrics reporting the liquidity of Bitcoin on BitMEX,Continue reading “Bitcoin: BitMEX emerges as most liquid among perpetual contract exchanges”

EOS developers Block.one are in the news after they announced the beginning of voting for EOS public blockchain upgrades on 13 November. With 21 elected block producers, EOS’s public blockchain has been looked upon as the largest public smart contract network, according to a statement. However, in order to improve the sophistication of EOS governanceContinue reading “Block.one announces voting for EOS public blockchain updates”

SEBA Bank AG, earlier recognized as SEBA Crypto AG, has been operational for just 18 months. However, it has managed to acquire a banking license from the Swiss Financial Market Supervisory Authority [FINMA]. According to the blog shared by SEBA, its services are up and running and its Swiss clients can now open an accountContinue reading “Switzerland’s SEBA goes live after FINMA approval “

XRP TipBot, the pet project by XRPL lead developer, Wietse Wind reported the processing of approximately 700k tips, with almost 2million XRP tipped. However, as the world adopts crypto, the need for regulations has emerged in most nations, including the home of TipBot, the Netherlands. Wind informed the community about the progress made by TipBot,Continue reading “XRP Tipbot moves towards regulations with “break-even” strategy”