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Summary: Bitcoin is set to serve as a reserve asset in the Central African Republic.The leading coin was recently approved as legal tender in the African state following a proposal from key lawmakers.CAR also launched its Sango coin and sidechain project to complement and power crypto adoption nationwide.Initiatives like natural resource
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Author profile Monika is a tech journalist. She is an avid reader fascinated by classic English literature and enjoys painting and cooking. When her head is not buried behind a book, she writes about technology like cryptocurrency, blockchain, AI and more. Author's profile on Twitter @themonsoonchild Author's profile on LinkedIn Monika Ghosh Source
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The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Per a July 22 announcement shared with Cryptox, the Office of the Comptroller of the Currency (OCC) is granting permission to federally chartered banks to custody cryptocurrency.The future of banking with crypto on boardThis issue has seen much skepticism, given that crypto wallets do not resemble the custody requirements of
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Grayscale, a leading cryptocurrency asset management firm with $4 billion assets under management, has received approval from the United States Financial Industry Regulatory Authority (FINRA) to launch its Bitcoin Cash Trust and Litecoin Trust and make the shares available for public trading on over-the-counter (OTC) markets, according to a press
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Ethereum 2.0 client Prysm is “basically ready” to launch, Richard Ma, CEO of Quantstamp, said in a phone call with CryptoX. A technical thumbs up for Prysm from the smart-contract auditing firm comes after last week’s announced push by network developers to launch the proof-of-stake (PoS) version of Ethereum before 2020
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Bitnomial Exchange, a Chicago-based Bitcoin derivatives platform, recently gained approval from the U.S. Commodities Futures Trading Commission (CFTC) to offer traders physically-delivered bitcoin derivatives contracts and options trading. Bitnomial Set to Roll Out Bitcoin Derivatives The bitcoin derivatives exchange announced the approval via a press release on Monday (April 20, 2020). With
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The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian
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A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that
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Linda A. Lacewell, Superintendent of Financial Services, confirmed that New York State Department of Financial Services (NYDFS) has allowed Paxos Trust Company LLC to offer a gold-backed virtual currency.This will be the first such virtual currency due to be authorized by NYDFS that will be backed by the gold and
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