Earlier this year, the New York Attorney General’s office has made allegations against Bitfinex of using up Tether’s cash reserves in April 2019. The accusations were made regarding the cryptocurrency exchange of losing $850 million, and thereafter taking funds from Tether’s reserves to cover the loss. The NYAG office started to investigate iFinex Inc, the … Continue reading Bitfinex and Tether's Appeal Rejected by New York Judge
The British Financial Conduct Authority (FCA) has confirmed that they will not be regulating cryptocurrencies such as Bitcoin and Ether as it falls out of their perimeter. The FCA first issued a finalized policy statement on digital assets titled “PS19/22: Guidance on Cryptoassets”. This policy statement update is in response to the feedback received from the previous … Continue reading UK Financial Conduct Authority: We Will Not Regulate Bitcoin and Ether
The Hong Kong Monetary Authority (HKMA) started exploring blockchain technology with the whitepaper on distributed ledger technology (DLT) in Nov 2016. Since then, the HKMA has been actively leveraging blockchain into trade finance including eTradeConnect, Global Trade Connectivity Network, and we.trade. What is the role of Deloitte Blockchain Lab in these initiatives? We were delighted to interview Dr. Paul Sin, leader of the Deloitte … Continue reading Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA
Exclusive interview with Paul Sin: Part 2 How does Deloitte Blockchain Lab envision the future of blockchain? Dr. Paul Sin believes that blockchain is at the stage of technology convergence with IoT, big data and artificial intelligence. He also explained the three challenges for enterprises to implement their own blockchain and various blockchain auditing services … Continue reading Exclusive: Blockchain at the Stage of Tech Convergence
Bitcoin whales have been dominant in the market based on their massive liquidity. Tyler Swope, an expert crypto trader, has the viewpoint that Bitcoin whales have become overly manipulative this summer. Bitcoin’s choppy price chart As per Swope’s observation, Bitcoin has witnessed numerous pumps and dumps in a span of two weeks. As a result, … Continue reading Bitcoin Whales are Controlling the Market
Cryptocurrencies have become increasingly popular in the adult entertainment industry, as it can guarantee a high level of anonymity to its users, especially for pornography-related businesses. Anonymity and Privacy Many adult entertainment websites have created new ways users will be able to protect their identity details through crypto payment systems. In a research conducted by the studio VogoV last … Continue reading Crypto for Sex: Blockchain Takes Off in the Adult Entertainment Industry
In a report released by the European Central Bank (ECB) on Aug 7, it was stated that the central banking community would increase the monitoring of cryptocurrency transactions on-chain and off-chain. The report titled, “Understanding the crypto-asset phenomenon, its risks and measurement issues,” claims that the ECB is devising a monitoring framework of the crypto market, by using … Continue reading ECB is Raising the Bar with its Crypto Surveillance
In a report by a blogging site, CertiK had announced it had completed an audit on the British pound backed stable coin on the biggest cryptocurrency exchange platform Binance, the BGBP. In an interview with Bloomberg some weeks ago the CFO of Binance Wei Zhou, had given hints about the exchange’s plan to issue its own stable … Continue reading CertiK Announces the Completion of British Pound Backed Stablecoin on Binance
John almost dropped the phone as he fumbled the handset out his pocket, his hands trembling with a heady mix of anticipation and fear. For the seventh time in the past hour, he opened a browser tab to check the most up-to-date price of his favorite obsession: Bitcoin. A figure flashed on the screen, and … Continue reading Cryptoaddiction: The Uglier Side of Digital Currencies
As the financial media outlets are pushing Bitcoins with all her energy, a Harvard University Professor of Economics and Public Policy Kenneth Rogoff ascribed as a crypto Evangelists and has released some publications in the field of cryptocurrency opines that, with the massive push cryptos are getting, there would be a comprehensive market takeover where … Continue reading The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem