Cryptocurrency Analysis and News Portal
While Chinese firms eventually become successful trading in US markets after making their public debuts, some firms underperform with even getting kicked out due to one scandal or another. In what appears to be the most tumultuous year for most businesses, Chinese firms that listed in US exchanges through an Initial
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A South Florida federal district judge sentenced a Washington, D.C., man to six years in federal prison for operating a $25 million diamond investment scheme that included a crypto component. He must also pay over $23 million in victim restitution. The accused, Jose Angel Aman, and his partners were sentenced by U.S.
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Bitcoin posted modest gains on Thursday as Democratic leaders signaled to reach an agreement with Republicans to pass
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Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison. Source
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Several experts from various European banks agreed that even a proof of concept for a digital euro is four or five years away.In a panel on Monday called "Upgrading Money to the Digital Age: Introducing Digital Euro," participants agreed that the current task was primarily one of getting everyone onboard
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The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from fintech companies, according to a Nov. 17 Goldman Sachs report shared with CryptoX.The Digital Currency Electronic Payment (DC/EP) could be a more attractive alternative
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A Dublin man involved in the theft of more than $2 million in cryptocurrency through SIM-swap attacks has been sentenced to almost three years in prison.Conor Freeman, 21, was handed down a two-year and 11-month sentence in the Dublin Circuit Criminal Court on Tuesday. He had pleaded guilty to several
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The Australian Securities and Investments Commission, or ASIC, has charged the former Australian national representative of BitConnect for his involvement in the multi-billion-dollar crypto Ponzi scheme.According to a Nov. 17 statement from the ASIC, the commission — with assistance from the U.S. Federal Bureau of Investigation — has charged John
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Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency.In a Nov. 17 Reuters interview, Yamaoka explained that the BoJ is concerned about a CBDC potentially
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European Central Bank President Christine Lagarde said she believes the region’s monetary authority will move to launch a digital version of the euro in the next two to four years. “We might well go in that direction,” Lagarde said Thursday on a virtual panel with Federal Reserve Chair Jerome Powell
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