Category: Blockchain

The ongoing court case between the United States Securities and Exchange Commission (SEC) and blockchain payments firm Ripple Labs Inc is likely to close next year, drawing on the optimism of the firm’s CEO, Brad Garlinghouse. Speaking in an interview with CNBC, Garlinghouse said the case is making “good progress” as the tides seem to

The Indian government has planned to introduce a bill to ban “private cryptocurrency” at the upcoming Winter Conference of Parliament. According to a published report from the Lok Sabha, the Indian Parliament will vote on the “Encryption and Supervision of the Official Digital Currency Act 2021” designated by the central bank of the country to promote the creation

Invesco asset management firm has finally given reasons why it pulled out its proposed Bitcoin futures ETF applications from the US Securities and Exchange Commission (SEC). Speaking in an interview with the Financial Times media outlets, Anna Paglia, global head of ETFs and indexed strategies at Invesco, disclosed that the company’s surprise decision to withdraw

The International Monetary Fund (IMF) has expressed its scepticism about the role of Bitcoin (BTC) in helping El Salvador maintain financial stability. As contained in the concluding statement of the IMF annual staff visit to the Central American nation, El Salvador is advised to limit the scope of its Bitcoin laws. While not mandating the

Citigroup Inc is seeking to hire 100 employees as part of a renewed strategy to expand the business of its digital assets. On November 22, the major US bank announced the appointment of Puneet Singhvi to serve as the new head of digital assets inside Citi’s Institutional Client Group (ICG). Singhvi is set to join

Swedish authorities, including the Swedish Financial Supervisory Authority and Swedish Environmental Protection, have extended calls advocating for a European Union-wide ban of Proof-of-Work (PoW) mining activities on the grounds that the process jeopardizes the power grid. France-based investment manager Melanion Capital also faults this supposedly patriotic call, which says the regulator’s position is based on

Sotheby’s Metaverse announced that it has partnered with Sostento for the “biggest non-fungible token (NFT) charity auction ever”. For this auction, seven individual winners from Twitter’s June 30, 2021, digital NFT lucky draw will be selling their full set of seven NFTs, with their proceeds going towards Sostento. This organization gives vital support to frontline public health

French payment processing app Lydia has now integrated support for digital assets trading on its platform. Through the partnership, as many as 5.5 million Lydia customers will now be able to buy and sell digital assets like stocks, fractionalized stocks, bonds, Exchange Traded Funds (ETFs), and ultimately cryptocurrencies. According to the firm, the support was made possible

National Football League’s star Odell Beckham Jr has become the latest high-profile athlete to accept his remuneration in Bitcoin from his team Los Angeles Rams. Beckham Jr’s new payment deal comes as part of an arrangement with Square Inc-backed mobile payments service Cash App. “It’s the start of a new era I’m looking forward to

U.S. President Joe Biden has renominated Jerome Powell as the next Federal Reserve Chairman after much speculation went around saying that Fed Governor Lael Brainard could replace him to lead the U.S. Central Bank for the next four years. Meanwhile, President Joe Biden also appointed Lael Brainard, a member of the Fed board, as the