A draft of an Indian national strategy on blockchain floats the idea of a central bank digital currency, the digital Indian rupee, and a national blockchain. A draft of India’s national strategy on blockchain and distributed ledger technology suggests a central bank digital currency (CBDC), the digital Indian rupee, and a national blockchain. The National…
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A New York judge has ordered that the four class-action lawsuits against Bitfinex for 2017 manipulation of the Bitcoin market are now one, though leadership remains uncertain. The four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications…
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Russian government-backed corporation Rostec intends to cut spending on the development of blockchain in the country by at least 50%. Russian government-backed corporation Rostec intends to cut spendings on the blockchain development in the country by at least 50%. According to Rostec’s roadmap, the organization is planning to spend 28.4 billion rubles ($453.2 million) on…
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How can currency, and its value for its holders, sustainably play out over the next decade? We see three forks in the road ahead of us. The health of a democratic nation’s currency is shaped by two forces: monetary policy, set by its Central Bank; and fiscal policy, set by the state’s ruling government. The…
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Oksana Markarova, Ukraine’s Finance Minister, names the local authority that will be able to track the sources of origin of crypto funds. Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice on the country’s Ministry of Finance says. Oksana Markarova, Ukraine’s Finance Minister, reportedly said that…
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Hawaii senators have introduced a bill authorizing banks to offer custody services to digital asset classes. The Hawaii State Senate has passed the first reading of a bill authorizing banks to hold digital assets in their custody. The bill was introduced on Jan. 17 by five state senators, including the only Republican member of the…
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Former CFTC chairman J. Christopher Giancarlo has some new remarks regarding his Digital Dollar initiative, speaking in Davos. The former chairman of the United States Commodity Futures Trading Commission (CFTC) has some new remarks regarding his Digital Dollar initiative, speaking in Davos. On Jan. 22, Ex-CFTC chairman J. Christopher Giancarlo confirmed that the Digital Dollar…
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The Blockchain Association has filed an amicus curiae brief in response to the litigation against Telegram initiated by the SEC. The Blockchain Association has filed an amicus curiae brief in response to litigation against Telegram initiated by the United States Securities and Exchange Commission (SEC). The Blockchain Association, a collective of advocates involved with the…
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A crypto advocacy group, the Chamber of Digital Commerce, provided its arguments on how a U.S. court should consider digital assets. The Chamber of Digital Commerce has filed an amicus brief in the ongoing court case between encrypted messenger service Telegram and the United States Securities Exchange Commission (SEC). Filed on Jan. 21, the document…
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Six major central banks and the Bank for International Settlements jointly created a digital currency research group. The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published…
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