Facebook's Libra is all over the news: from regulatory bodies to fintech companies, everyone is excited about the "global currency" that the tech giant has been developing and has now officially launched its website. Another huge player, however, may be filing its own stablecoin very soon. Walmart seems to have filed a patent showing the…
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Rain, a cryptocurrency exchange based in Bahrain, has acquired the licence called crypto-asset module or CRA from the Central Bank of Bahrain. According to press, Rain has now secured a seed round of $2.5 million for its business. Rain is the very first crypto exchange that receives the licence in the Middle East, a fact…
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Crypto advocates in India are not going down without a fight, even though crypto skeptics seem to have finally turned the tide of debate in their favor. The crypto debate in the world’s second most populated country has been raging for several years with stern warnings from the nation’s Supreme Court to finalize proposals post…
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The call for regulatory overview on cryptocurrencies is long due. And not only cryptocurrencies, but the so called "digital assets". Countries around the world classify digital coins in many different ways. Now, the UK FCA has clarified its position on how to regulate digital assets. The FCA has also given its stance on which tokens…
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It's August 2019, and while many of us are enjoying summer, there is a really important thing Bitcoin hodlers and the cryptocurrency community should think about: the fact that nearly 85% of the entire Bitcoin supply has already been mined. The reminder comes from a blog post by Crypto Globe. As of August 1st, 2019,…
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Bitcoin hodlers are an anxious bunch these days. The industry has been under attack by no less than the President of the United States, his henchmen, and global officials across the globe. Skeptics keep prophesizing that a major correction is imminent, one that will drop BTC values far below any levels that seem conceivable or…
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In a much-anticipated dovish move, Fed Chairman Jerome Powell and his banking buddies capitulated to political pressure and market demand by cutting their benchmark interest rate by 25 basis points. Believe it or not, this was the first time that the Fed has cut its rate since 2008, which also meant that it was the…
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Monetary Authority of Singapore (MAS) has informed the public that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister Goh Chok Tong (Senior Advisor to MAS). The website’s article on Bitcoins references statements purportedly made by ESM Goh which are either false or have been taken out…
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It has barely been two weeks since President Donald Trump went on his tweet rant, attacking all things crypto, while his henchman, Secretary of the Treasury Steven Mnuchin, actually declared them a “national security issue”. The dust may still be settling, but the news is now that somehow the Department of Defense (DoD) must have…
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Facebook’s Libra project has turned from being an exciting new wave of innovation to help the unbanked to a public relations nightmare of the first order, after a rigid backlash from U.S. Congressmen and a palpable thrashing from government officials across the globe. We now have new survey data that purports that consumers in both…
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