Vontobel, a Swiss investment bank, has designed the first Digital Asset Vault, or in simpler words - the first regulated cryptocurrency custody solution. Wealth managers, asset managers and banks will now be able to transact with their clients' money, i.e. deposit, buy and sell cryptocurrencies in a new end-to-end Digital Asset Vault. According to the…
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The major reason why many countries have stayed away from Bitcoin is that the Satoshi currency can be used for illegal activities such as money laundering, terrorist financing, etc. Because of its renowned "anonymity" feature through the power of blockchain, Bitcoin has often been taunted as the "terrorist money". Another way to use Bitcoin illegally…
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The US sanctions have taken a toll on the Russian economy and the ruble. Just like other national currencies that experienced a sharp drop in value after the Trump's Administration issued new sanctions, the Russian ruble dropped to a 2-year low in the summer of 2018. However, a Kremlin economist now says that the negative…
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India can definitely be called "anti-cryptocurrency". Indian banks are now forcing their clients to "promise" not to use Bitcoin. The regulations come from the Reserve Bank of India. Indian banks are "forcing" their clients to sign a contract that says that they will not be using Bitcoin or any other cryptocurrencies. In addition, banks in…
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Many are predicting that the next financial crisis will hit anywhere in 2020. The cryptocurrency market is going from major highs to major lows, and its market cap is swinging from "strange" numbers such as $500 billion, $300 billion to $728 billion in December 2017. Now, the crypto market cap is around $120 billion. The…
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The idea of a Bitcoin ETF has never left the minds of investors, it seems. In 2018, the SEC turned down more than a dozen applications for a Bitcoin ETF product. The SEC even created a special department that will investigate the essence, purpose and future of the entire blockchain and cryptocurrency industries. 2019 has…
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The cryptocurrency world may have seen better days, given the fact that the crypto world just collapsed, as Bitcoin’s price is again the $4,000 price level and the crypto market cap losing $8 billion. And while ICOs are “regulated” in a variety of ways across the world, some cryptocurrency companies are getting real “muscle” behind…
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The Bitcoin’s price volatile movements are constantly shocking the market. Going from great highs to great lows, the people’s currency is not doing very well in terms of market cap and adoption, it seems. One of the possible explanations of the great volatility in prices was that Bitcoin “whales”, or investors who hold especially large…
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Thailand is following in the footsteps of Japan, when it comes to regulating the cryptocurrency industry. Thailand has recently issued its very first licenses to four cryptocurrency exchange applicants. The Security and Exchange Commission in Thailand has already granted four licenses to Bitcoin Co, Satang Corporation, Bitkub Oline Co ltd and Coins TH Co. The…
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Apart from the rumor that Ripple will be the official cryptocurrency of the 2020 Olympic Games, the cryptocurrency is hitting some major goals, as RippleNet has welcomed 13 more new financial institutions to its network. Ripple already has around 200 customers. The latest ones include Olympia Trust Company, ConnectPay, Ahli Bank of Kuwait, Euro Exim…
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