crypto assets

OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund

<header class=”article__header”> </header> <strong>A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume and real trading in bitcoin exist, and it …

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23 Central Banks Divulge Their Digital Currency Requirements

<header class=”article__header”> </header> <strong>Twenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. </strong><strong>They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them.</strong> Also read: China Ranks 35 Crypto Projects as President Xi Pushes …

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Korean Presidential Committee Pushes to Legalize Crypto

<header class=”article__header”> </header> <strong>A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change.</strong> Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Presidential Committee Pushes …

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Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

<header class=”article__header”> </header> <strong>Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters.</strong> Also read: …

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China Ranks 35 Crypto Projects as President Xi Pushes Blockchain

<header class=”article__header”> </header> <strong>China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the …

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

<header class=”article__header”> </header> <strong>Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users.</strong> Also read: Mistakes Crypto Owners and Traders Should Avoid Strong Trading Volume Growth Banking services …

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Mistakes Crypto Owners and Traders Should Avoid

<header class=”article__header”> </header> <strong>There are many pitfalls one can easily get caught in when using, storing, investing or trading cryptocurrencies. While some mistakes could cost you a fortune, most of the common ones can easily be avoided. Bitcoin.com has produced a video featuring the top seven deadly mistakes crypto owners should avoid.</strong> Also read: ‘No-Deal …

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McKinsey: Majority of Banks May Not Be Economically Viable

<header class=”article__header”> </header> <strong>Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn.</strong> Also read: …

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State Bank of India Chief Says Crypto Regulation Is a Must

<header class=”article__header”> </header> <strong>The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman.</strong> Also read: India’s Popular ‘Who Wants to Be a …

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Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

</header> <strong>The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what the bank unions call “cold-blooded murder of six banks.”</strong> Also read: Indian Finance …

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