Study Reveals Tether’s (USDT) Impact on Bitcoin Price As Statistically Insignificant
A recent study has finally quashed opinions gravitating towards the impact of tether (USDT) on the price of bitcoin. Dr. Wang Chun Wei who lectures at the University of Queensland’s Business school stirred the polity with findings negating widely held...
U.S. Congressman Drafts Bills to Develop Blockchain & Virtual Currency
Plans are ongoing to introduce new bills in the lower chamber of the legislative arm endorsing operations of blockchain technology and the virtual currency industry. U.S Representative for Minnesota’s 6th Congressional District, Thomas Emmer made this known following the announcement...
Oil Giants & Banks Collaborate On Ethereum-Based Blockchain Commodity Trading Platform
A group of global banks and heavy hitters from the trading and energy sectors have jointly launched a new blockchain-based platform for financing the trading of commodities. The newly developed Swiss-based platform, which will be built on Ethereum's blockchain will be...
Brazil’s Antitrust Agency Probes Major Banks On Anti Crypto Practices
Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE) is currently running a probe into alleged monopolistic practices involving six major national banks operating within the crypto space, per a Reuters report. Growing Interest Among Brazillians In recent weeks,...
Ethereum Dapp Bancor Expands to EOS for Faster and Cheaper Transactions
Bancor, the third largest and valuable decentralized applications on the Ethereum network, has announced plans to expand to the EOS blockchain.. According to the company's announcement, the new project, called BancorX will allow users trade between yet to be specified...
European Central Bank: Has No Plans To Issue own Cryptocurrency
In a letter issued by the President of the European Central Bank (ECB), President Mario Draghi, has confirmed that the ECB and the Eurosystem currently have “no plans” to issue its digital currency under current unmet conditions. Addressing the European...
Hong Kong Jeweler Plans to Track Diamonds with Blockchain
Leading Hong Kong jeweler Chow Tai Fook Jewellery Group has concluded plans to use the blockchain to track diamonds, the South China Morning Post reported. As part of the efforts, Chow Tai Fook—a top retailer with offices in China and...
U.S SEC. Penalizes Crypto Hedge Fund for Violating Securities Law
In a first disciplinary action against a crypto hedge fund, the U.S Securities and Exchange Commission (SEC) has issued a cease-and-desist order and a $200,000 fine on Crypto Asset Management (CAM) and its founder for misrepresenting itself, according to a...
Winklevoss Twins Gemini Trust: Unveils New Regulated Cryptocurrency Pegged To Us Dollar
Gemini Trust Company, the cryptocurrency exchange owned by billionaire twins Tyler and Cameron Winklevoss yesterday unveiled the Gemini dollar, the world's first regulated stablecoin designed to enable users to send and receive US dollars on the Ethereum blockchain. At a...
Terrorists Prefer Cash to Cryptocurrency: Congressional Hearing Reveals
The U.S. Subcommittee on Terrorism and Illicit Finance, met, September 7, 2018, to examine the numerous methods used by major terror groups to generate and move funds to support their activities and organizations. Commencing talks at the hearing was Subcommittee Chairman,...
