In an era of technological advancement where the entire world is talking about the “Internet of Things” whereby we are expected to have connectivity between anything and everything, Currency cannot be left behind. Paper currency is bound to be a thing of the past. And virtual currencies will start taking...
Central Bank of France announced the results of a central bank digital currency (CBDC) transaction conducted on Dec 17, 2020. It involved the use of smart contracts to enable issuance, circulation control, and redemption of fund units on IZNES’ private blockchain. As part of the experimental program, ten transactions totally...
Cryptocurrency-related crime fell significantly in 2020, according to the data from Chainalysis. In 2019, criminal activity represented 2.1% of all cryptocurrency transaction volume or roughly $21.4 billion worth of transfers. In 2020, the criminal share of all cryptocurrency activity fell to just 0.34% or $10.0 billion in transaction volume. According...
Delaware’s Chancery Court issued a temporary restraining order on Friday limiting Ripple Labs Inc. from carrying out XRP cryptocurrency transaction and equity redemption until Tetragon can sell back its stock. Tetragon Financial Group Ltd, an investor in Ripple Labs filed a temporary restraining order on Jan, 7th. In the motion,...
Given the recent SEC filing against Ripple Labs Inc, Kraken is halting XRP trading for U.S. users. The restriction is only for U.S. users and they have time until Jan 29, 2021, to liquidate any open XRP spot positions. According to the announcement released on Friday: After Jan 29, Kraken...
Miami’s mayor is considering diversifying the city’s treasury reserves into Bitcoin. In an interview with FOX Business on Thursday, Major Francis Suarez said, Bitcoin price started 2020 at $7,200 and ended the year at nearly $30,000, up 296%. The surge continued full-steam into 2021 reaching a record high of $41,987...
Acting Comptroller Brian Brooks will step down today, according to a statement from the Office of the Comptroller of the Currency (OCC). Current Chief Operating Officer – Blake Paulson, will take his place as an acting controller. Brooks took over as acting comptroller of the OCC in May 2020 and...
The public consultation for the digital euro has been concluded. The online survey which was launched on 12 Oct 2020 and concluded on 13 Jan 2020 was responded by more than 8000 citizens, firms, and industry associations. The data from the survey shows that privacy of payments ranked highest among...
Visa-backed Anchorage announced on Wednesday that it has become the first-ever cryptocurrency firm to receive a federal charter from the Office of the Comptroller of the Currency. In a statement, the OCC said it has decided to approve after a “rigorous” review process. As part of the agreement, Anchorage will...
Bakkt, a crypto trading platform is going public at a roughly $2.1 billion enterprise value by merging with a blank-check company called VPC Impact Acquisition Holdings. The deal was guided by Shearman & Sterling LLP and White & Case LLP. Since its founding nearly three years ago, Bakkt has been...
