In an interview with the News outlet Cheddar, the Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has said that it is not clear whether XRP is a security or a commodity. The CFTC chairman is working closely with the SEC to really think about “which falls in what box”,...
According to the JPMorgan analysts, Bitcoin’s realistic value remains below the market price suggesting a downside risk. Since the peak of Bitcoin’s price in 2019, the market price has declined by nearly 40% while the intrinsic (realistic) value has risen by around 10%. The gap has not fully closed yet...
Ethereum researcher Virgil Griffith has now been formally accused of assisting and providing blockchain advice to North Korea. Inner City Press reported the news on Jan 8th. Virgil Griffith was arrested on Thanksgiving on federal charges of illegally traveling to North Korea and provide cryptocurrency advice. He was first denied...
In 2019, a total of $2.36 billion trade volume was executed on Ethereum-based decentralized exchanges (DEX). According to the analytics site Dune, IDEX leads with $853 million in trade volume followed by Oasis $498 million and Kyber $388 Million. # DEX 2019 Trading volume (in $) 1 Idex 853,457,336 2...
Cryptocurrency exchange Kraken in the latest tweet shared an infographic revealing the number of inquiries exchange receives from the global law and enforcement. In 2019, the exchange received a total of 710 inquiries, a 50% increase compared to 2018. Most of the inquiries (nearly 60%) came from U.S. authorities. Exchange...
Fidelity today announced that it is establishing a new entity to serve Europe-based institutions investing in the digital asset (Bitcoin). The planned entity will be based in the UK and will offer digital asset (Bitcoin) custody and trade execution to Europe-based investors such as hedge funds, family offices, etc. Growing...
In a filing with the New York State Supreme Court’s Appellate Division, the New York Attorney General (NYAG) argues Bitfinex is wrong to think that they are entitled to halt the investigation. Bitfinex is under the NYAG lens for potential securities and commodities fraud. NYAG suspects that Bitfinex might be...
Cryptocurrency exchange Bitfinex has integrated a compliance tool from blockchain analysis firm Chainalysis. Chainalysis’s “Know Your Transaction (KYT)” compliance software will help Bitfinex detect suspicious transactions on a real-time basis. Exchanges Binance and Bittrex have also recently integrated Chainalysis compliance software ‘KYT’. Chainalysis compliance solution is “aligned with what we...
ING group with over $1.1 Trillion in total assets is working its way to launch crypto custody services. Sources familiar with the matter told Reuters that ING is in its early days of testing the underlying technology and one of the bank’s several ongoing initiatives around blockchain. Opportunities with regards...
JPMorgan’s Interbank Information Network, a blockchain-based payment system has seen interest from over 80 Japanese banks. Interbank Information Network (IIN) executive director, Daizaburo Sanai said in an interview with Bloomberg. That’s the highest representation from any single country in the IIN extensive network of banks. Having launched in 2017, today...
