All posts by Jimmy Aki

Based in the UK, Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.

Tether Report Audit

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...

/ September 25, 2018 / 0 Comments
US Congress

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...

/ September 24, 2018 / 0 Comments

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...

/ September 21, 2018 / 0 Comments
Bitcoin Brazil

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,...

/ September 20, 2018 / 0 Comments
What is Bancor?

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...

/ September 19, 2018 / 0 Comments

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...

/ September 18, 2018 / 0 Comments
Diamonds on the Blockchain

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...

/ September 14, 2018 / 0 Comments

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...

/ September 13, 2018 / 0 Comments
Gemini Dollar

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...

/ September 12, 2018 / 0 Comments
Terrorism Cash Crypto

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,...

/ September 10, 2018 / 0 Comments