Category: Blockchain

Chris MacManus, an Irish Member of the European Parliament from Sinn Féin Midland Northwest, has submitted 45 amendments to the European Union for regulating digital currencies. MacManus, the Spokesperson on digital finance for the Left in the European Parliament, said his proposals would fundamentally bring consumer protection and financial stability to the new EU rules. The

The European Central Bank (ECB) has published a report highlighting the euro’s international role and talks about the significance of CBDCs for future financial stability. In the report published on Wednesday, June 2, the ECB warned countries to pay attention to the rising risks of their monetary autonomy and financial systems if their central banks

The U.S. Securities and Exchange Commission (SEC) has postponed the listing application of WisdomTree’s Bitcoin Exchange Traded Fund (ETF) from May 30 to July 14. The regulator also has postponed VanEck’s ETF application until June 17. The SEC exercised its authority by postponing the listing date when initially scheduled for May 30 to July 14, according to a filing

Crypto exchange company Kraken announced Wednesday to launch a new mobile app for cryptocurrency trading. The mobile app has been available in Europe since January this year. Starting from Wednesday, the new mobile app is available for all overseas countries, but countries like Cuba, Iran, and Somalia are restricted, Kraken said. As for the U.S., except residents

Jeff Currie, global head of commodities research at Goldman Sachs, recently said that cryptocurrencies are an alternative to copper but not gold. In an interview with CNBC, Currie stated that investors should not see cryptocurrencies as a substitute for gold when considering inflation hedges. Based on his views, he said that crypto does not fit the narrative

The European Investment Bank (EIB) has highlighted broad underinvestment in blockchain technology and artificial intelligence. According to a Reuters report Tuesday, the 27-bloc region lags behind the United States of America and China per investments in both technologies.  While both the US and China account for more than 80% of the 25 billion euros of annual

The Chinese digital renminbi is officially piloted in the capital of China-Beijing. The Chinese government plans to issue a total of $6.2 million worth of digital currency to Beijing residents through a lottery, totaling 40 million RMB. According to the Beijing Local Financial Supervision and Administration Bureau, residents of the Chinese capital can apply for a

Ethereum (ETH) has been on a negative trajectory ever since the second-largest cryptocurrency dropped from the recent all-time high (ATH) of $4,350. ETH was trading at $2,661, according to CoinMarketCap. Nevertheless, Santiment has acknowledged that Ethereum is gaining momentum as address activity in this network is growing again. The on-chain metrics provider explained: “Ethereum’s

A select group of US citizens and customers of Coinbase cryptocurrency exchange who had preregistered for the company’s cards dubbed Coinbase Cards will begin receiving invites to apply for the product. The Coinbase Card is a debit card that does not impact customers’ credit scores. The card can link to Apple Pay and Google Pay