Cryptocurrency Analysis and News Portal
Many countries are trying to crack down on cryptocurrencies and rumor had it that India might be next in line to completely ban their use. However, talking to the local media news outlet Inc42, India’s Minister of State for Finance Anurag Thakur put these rumors to rest.According to the Minister
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A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12.The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying
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Noted Australian finance commentator, Peter Switzer believes bitcoin and cryptocurrencies are too volatile to be useful. The founder of the Switzer Financial Group advised governments in a July 8, 2019, blog post quoted by Micky, to either ban or tightly regulate cryptocurrencies. Governments Should Either Ban or Regulate Bitcoin In a blog
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UK’s finance watchdog, the Financial Conduct Authority (FCA), has proposed to outlaw cryptocurrency-based derivatives. In a press release published last Wednesday, the FCA proposed a retail ban on crypto derivatives with the aim to protect investors from financial harm.To be specific, the ban will be imposed on the sale, marketing
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Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1.Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies to deploy their own blockchains, tokenized assets, as well as DeFi
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A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading, Russian news service Interfax reported on June 21.Per the report, the Deputy Minister of Finance Alexei Moiseyev told journalists on Friday that, while MinFin had reached no final decision, cryptocurrency trading may
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Russia's parliament, the State Duma, will adopt the country’s major crypto bill “On Digital Financial Assets” (DFA) in the next two weeks, according to a local senior finance official. The news was reported by Russian government-backed news agency TASS on June 19.Russia's deputy finance minister, Alexei Moiseev, revealed that
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Adam Back, who invented the hashcash proof-of-work system and was one of the first people to work on bitcoin (BTC), spoke about the positive uses of blockchain at G20. Cointelegraph Japan reported on Back’s comments at a meeting of finance ministers and central bank governors in Japan on June 8.Sitting next
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G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held
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Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6.Number of DApps per blockchain, courtesy of Binance ResearchAccording to the report, DeFi can be thought of as the following:“An ecosystem comprised of applications built on decentralized
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