Crypto Assets Pose No Risks to Financial Stability, International Bankers Claim

Crypto Assets Pose No Risks to Financial Stability, International Bankers Claim

The Financial Stability Board has presented its final report on cryptocurrencies, stating they pose no threats for global markets, at least for now. International central banks and financial officials think that cryptocurrencies pose no significant risks to global economic stability, according to a report published by the Financial Stability Board (FSB) Wednesday, Oct.10. The FSB […]

Continue Reading

SEC Files Subpoena Enforcement Against Alleged ‘Pump-and-Dump’ ICO Scheme

SEC Files Subpoena Enforcement Against Alleged ‘Pump-and-Dump’ ICO Scheme

The U.S. SEC has filed a subpoena enforcement action against the perpetrators of an alleged “pump-and-dump” scheme involving claims of a $100 million ICO. The U.S. securities agency has filed a subpoena enforcement action against the perpetrators of an alleged “pump-and-dump” scheme involving claims of a $100 million Initial Coin Offering (ICO), according to an […]

Continue Reading

Former NASDAQ Subsidiary Exec Joins Crypto Exchange Gemini’s Client Service Team

Former NASDAQ Subsidiary Exec Joins Crypto Exchange Gemini’s Client Service Team

Jeanine Hightower-Sellitto, a former COO of a NASDAQ subsidiary, will develop Gemini’s marketplace to attract institutional investors. Former COO of major U.S. stock exchange NASDAQ subsidiary Jeanine Hightower-Sellitto has joined crypto exchange Gemini, the company revealed in a Medium post on Wednesday, Oct. 10. The U.S.-based Gemini, launched by the Winklevoss twins back in 2015, […]

Continue Reading

Blockchain and Brexit: How Adoption Could Help With UK–EU Relations

Blockchain and Brexit: How Adoption Could Help With UK–EU Relations

Blockchain isn’t a solution to the UK’s post-Brexit Irish border dilemma. Blockchain has one new supporter: the UK finance minister Philip Hammond. Quizzed at the Conservative Party conference on how the UK government might solve Brexit’s UK-Irish border issue, he suggested that blockchain technology may be a solution. “There is technology becoming available […] I […]

Continue Reading

China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed

China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed

An expert from the People’s Bank of China thinks the country has to study USD-backed cryptocurrencies and to launch its own yuan-backed stablecoin. The Chinese government should consider launching its own yuan-backed stablecoin despite the current ban on cryptocurrencies, an op-ed in Chinese financial journal CN Finance reports Tuesday, Oct. 9. An expert from the […]

Continue Reading

Hacked Japanese Crypto Exchange Zaif Releases Financial Support Plan for Customer Assets

Hacked Japanese Crypto Exchange Zaif Releases Financial Support Plan for Customer Assets

Hacked Japanese crypto exchange Zaif has announced its business plan with Fisco to provide financial support for affected customers’ assets. Hacked Japanese cryptocurrency exchange Zaif has announced an official plan to provide financial support for affected customers’ assets, in an official notice posted today, October 10. As previously reported, the exchange suffered a security breach […]

Continue Reading