Bitcoin and the rest of the crypto-market have noted a startling rise on the price charts over the past year, with the scale of its gains capturing the attention of public and institutional investors alike. This has been an interesting development, especially since cryptocurrencies have often been the boogeymen for traditional financial authorities, with theContinue reading “U.K’s FCA issues policy statement requiring crypto-businesses to submit REP-CRIMs”

Ukraine’s newly-nominated Finance Minister is in the news today after he put forward plans to regulate the country’s domestic crypto-market. While the minister did express concerns with regard to doubts about what was “backing” crypto, he also stressed on what he called crypto’s “promising” trend. In an interview with 24 Novosty, Minister Serhiy Marchenko said, “CryptocurrencyContinue reading “Cryptos are ‘promising,’ but not assets in their purest form, says Ukrainian Minister”

Ripple, the San Francisco-based blockchain firm, is in the news today after it announced that it has acquired a 40% stake in Asian cross-border payments pioneer Tranglo as part of its expansion of Ripplenet’s On-Demand Liquidity (ODL) in Southeast Asia. The timing of the said announcement is particularly interesting, especially since it is evidence ofContinue reading “Ripple acquires 40% stake in Trango to address SE Asia’s ‘fragmented payments landscape’”

Over the past few months, many former critics have started to acknowledge and even embrace Bitcoin as an alternative asset class. However, while that may be the case, Mastercard CEO Ajay Banga definitely isn’t going to be one of them anytime soon.   During a recent interview hosted by Fortune’s Alan Murray, when asked what heContinue reading “CBDCs, Bitcoin, or stablecoins? Here’s Mastercard CEO’s take on each”

Lately, Indonesia has been following in the footsteps of its close neighbor and business partner, Singapore, in exploring the use of blockchain technology and cryptocurrencies. And, there’s a good reason too. After all, according to the World Bank’s census report, Indonesia is ranked 14th across the globe for receipts of migrant remittances, with an estimatedContinue reading “Indonesia: Minister reveals plans to launch state-backed crypto-exchange”

With Bitcoin and the larger cryptocurrency market seeing happy days over the last few weeks and months, many popular and renowned institutional investors and fund managers are rushing to jump in, trying to not miss the train. It would seem that Soros Fund Management is one of them. According to Soros Fund Management’s CIO DawnContinue reading “Without this, ‘Bitcoin might have been a fringe asset’”

Hester Peirce, SEC Commissioner popularly known as ‘Crypto Mom,’ has always been one to highlight the need for clarity on the question of crypto-innovation. As one of the speakers at the recent Draper Goren Holm’s Security Token Summit, Peirce once again underlined the urgent need for a clear-cut regulatory regime for cryptocurrencies, especially since majorContinue reading “Ripple, XRP effect? Howey Test ‘hasn’t worked out well,’ admits SEC Commissioner Peirce”

According to CBOE Global Market’s CEO Ed Tilly, the exchange is still hopeful of a comeback into the cryptocurrency space. In a recent interview given to Bloomberg, Tilly commented that the CBOE hasn’t given up on Bitcoin Futures yet, despite the prior setbacks it has had in the sector.  The exchange officially filed to listContinue reading “‘Haven’t given up on Bitcoin Futures,’ says CBOE CEO”

During a recent interview with Andy Serwer, Hedge Fund mogul and billionaire investor Ray Dalio reiterated his predictions about a possible ‘ban’ on Bitcoin. According to Dalio, there’s a “good probability” that Bitcoin could be an “outcast,” like when U.S authorities de-legitimized the ownership of private gold. Talking about his upcoming book, he added, “IContinue reading “Bitcoin ‘very likely’ to be an outcast, claims Ray Dalio”

A few days after reports broke out claiming that Morgan Stanley is in talks to invest in or buy a controlling stake in South Korea’s Bithumb, the popular investment bank is out with its response. According to the same, there is no truth to such reports, with a representative of the bank claiming that suchContinue reading “‘Unfounded and untrue,’ says Morgan Stanley to Bithumb rumors”

Historically, South Korea has often been seen as a very crypto-friendly country. Of late, however, such a reputation has taken a beating, especially in light of the nature of the new crypto-regulations being promulgated. The country is in the news again after Hong Nam-ki, the Deputy Prime Minister of Economy and Minister of Strategy andContinue reading “Crypto-market’s ‘overheating’ can be a problem: South Korean minister”

In what is the latest development in the legal battle between the United States’ SEC and Ripple Labs, Dugan Bliss, a senior trial counsel at the U.S Securities and Exchange Commission, has written a letter to Magistrate Judge Sarah Netburn underlining the agency’s response to Ripple Labs’ demand for Production of Documents (the “Requests”). AccordingContinue reading “Ripple’s requests for Bitcoin, Ethereum-related documents are ‘overbroad,’ claims SEC”