The South Korean central bank, the Bank of Korea (BOK) is “one step closer” to launching a pilot for a central bank digital currency (CBDC) and could start piloting a token as early as December this year – in line with central banks in other regions, which are also thought to be on Read more…
One of India’s leading crypto news and analysis platforms, Crypto Kanoon, is celebrating its 2nd birthday today, and on occasion, it has shared its journey on various social networks so far. At the moment, Crypto Kanoon holds an influential position in the Indian crypto industry, with a strong presence on various Read more…
New Zealand watchdog, the FMA, issued a warning against another crypto business. The platform in question goes by Profit Bitcoin — an unregistered platform filled with false claims. With NZ Prime Minister photo it claims that its members can become millionaires in only two months. New Zealand’s financial watchdog, the Read more…
Victims of an alleged crypto ponzi scam have filed a class-action lawsuit against a Wells Fargo subsidiary, claiming it ignored the activities of an employee accused of being one of the main perpetrators. The plaintiffs said Wells Fargo Advisors did not inquire into the activities of James Seijas who, while Read more…
A flood of class-action lawsuits were filed in New York Friday, taking aim at a number of major cryptocurrency projects. First reported by Offshore Alert, at least 10 complaints were filed in the Southern District of New York on April 3, alleging the firms had sold crypto tokens to U.S. investors Read more…
The COVID-19-triggered global financial and economic crisis may affect crypto fundraising and merger & acquisition (M&A) deals, but some players will see this market turbulence as a good time to enter the market, one of the world’s biggest accounting and auditing firms PwC believes. The pandemic has already created headwinds for a large Read more…
Warren Buffett has proven he can change his mind after all. The billionaire investor has reportedly dumped nearly $400 million worth of airline shares in recent days after previously committing to see it through despite turbulence. Even Buffett, who has denounced Bitcoin and all cryptocurrencies, has his limits. Now that Buffett has Read more…
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea. The world is going through a crisis with an escalating number Read more…
More and more financial experts are standing behind gold’s role in an upcoming economic turmoil. The merits and safe-haven status of the precious metal are aligning popular beliefs that it will outperform most (if not all) financial assets in the next few years. Gold To Stand Above All Whether or Read more…
Since the supreme court lifted the RBI ban, more people have been looking to buy bitcoin and other cryptocurrencies in India. Responding to community feedback, a number of cryptocurrency exchanges have lowered their fees as the Indian crypto sector continues to grow. Indian Crypto Exchanges Cutting Fees The Indian crypto Read more…