The ongoing crypto winter has caught the eye of financial watchdogs and some disruption is brewing. After the recent turmoil in the cryptocurrency market, the Financial Stability Board, a watchdog organization and standard-setter for the global financial system supported by…
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Fidelity investment launches its first cryptocurrency initiative
Fidelity investment, one of the largest asset and brokerages managers has finally launched its first cryptocurrency custody and trading platform. Initially, fidelity did not get involved directly with cryptocurrencies but rather preferred to partner with Coinbase, the largest exchange…
New York Times Alleges Pay Disparities Based On Race and Gender at Coinbase
Just a few hours after Ripple worked to distance itself from the controversy at XRP, a storm could be headed its way. According to the New York Times, the San Francisco based exchange has a pay disparity problem based on…
Ripple Claims that Charges Against it are a ploy to Target the Entire Crypto Industry
Ripple have finally ended their silence following a series of delistings by major crypto exchanges such as Coinbase after charges were leveled against the company by the SEC. With XRP’s value in free fall, Ripple Labs have released a statement…
4th largest Crypto firm by market value is considering moving to London due to US regulations
Ripple is the 4th largest traded coin is working to help companies move money across the world seamlessly with clients from all over the world. The firm value is estimated to be around 10million and even had plans to go…
Russia’s Ministry of Justice against Proposed Crypto Ban
Russia’s Ministry of Justice has stood against a new draft proposal that seeks to ban crypto operations in the country. The move by the ministry came barely a week before the ministry of Economic Development distanced itself from the new…
Qatar Financial Center Prohibits Crypto Businesses
The Qatar Financial Center Regulatory Authority (QFCRA) announced that virtual asset services may not be conducted in or from the Qatar Financial Centre (QFC). The regulator announced the new measure in a tweet that stated that authorized firms would not…
Korea Lines up Crypto Anti-Money Laundering Law
The South Korean national assembly is lining up a bill that will provide a legal basis for crypto-currencies in the country. The bill, which has already passed the national assembly’s national policy committee, is only awaiting ratification from the judiciary…
China Looking into Blockchain and A.I Use Cases for International Financing
China is reportedly looking into the various use cases for Blockchain technology and artificial intelligence in (AI) in international financing with a specific focus on risk management procedures. China is looking to do this because it intends to liberalize its…
Secretary Mnuchin: Libra Backers Dropped out because of Libra’s Non-compliance
Steven Mnuchin speculated on what may have caused the latest blow to Facebook Libra’s ambitions. The proposed digital currency saw more of its corporate backers withdraw support, in what is being seen as a major setback. This came just weeks…