Bitcoin
Volatility in Bitcoin prices are expected over the weekend as China celebrates the Chinese New Year. Trading activity will be lower, resulting in lower demand for Bitcoin from the Asian region. After rising above $9,000 per Bitcoin, prices have dropped by almost 10% over seven days. Sharp falls were
Bitcoin
An email reveals that peer-to-peer cryptocurrency marketplace, LocalBitcoins is suspending services to customers located in several regions in Africa. The African regions mentioned in the email include Ethiopia, Botswana, Tunisia, Libya, Nigeria, and Ghana. LocalBitcoins Enhanced Due Diligence Woes in Africa The email suggests that increasing pressure from the European
Bitcoin
The Central Banks of Canada, England, Japan, Sweden, Switzerland and the European Union, have formed a group in conjunction with the Bank for International Settlements (BIS) to jointly research digital currencies (CBDC). According to an official notice by the Bank of England, the partnering central banks will look to share
Bitcoin
* Reserve Bank of India Denies Banning Bitcoin and Crypto, but Banks Face Regulations. * Still Legal for Indians to Invest in Cryptocurrency. * Indian Minister Inaugurates Blockchain Center of Excellence. In response to a Supreme Court petition by the Internet and Mobile Association of India (IAMAI), the Reserve Bank of India (RBI)
Bitcoin
* IAMAI says central bank can regulate, not ban. * Supreme Court hearings resume today (January 21). India's Supreme Court wrapped up the first 3-days (Jan 14-16) hearing on cryptocurrencies; in which digital currency advocates are challenging the ban on cryptocurrencies by the Reserve bank of India (RBI). The country&
Bitcoin
A bill seeking to exempt personal and small cryptocurrency transactions from US capital gains tax has been reintroduced to the United States Congress. The bill dubbed: "The Virtual Currency Tax Fairness Act of 2020", seeks to establish a distinction between virtual currency expenditure that qualifies as personal transaction
Education & News
Head of the International Monetary Fund (IMF) - Kristalina Georgieva has highlighted fintech and digital currencies as key priorities of the organization for the new year. According to Georgieva - a former CEO of the World Bank, the road to stimulating a healthy global economy will require leaders of its
Education & News
The Reserve Bank of Australia (RBA) recently released a report in which it examined the need for an Australian Dollar-based central bank digital currency (CBDC). According to the report submitted to the Australian Senate Committee for Financial Technology and Regulatory Technology, it notes that CBDCs have stimulated wide discussions across
Education & News
Rumours of the launch of a digital dollar have made news rounds in the cryptocurrency markets after a tweet suggests the US Federal Reserve will announce a digital dollar on 16 January 2020. A New Era for the Dollar The move could prove to be a critical factor in driving
Blockchain
Cryptocurrency forensics firm - CipherTrace has launched a new program designed to train students, and provide tools necessary for the detection of cryptocurrency-related scams. According to the announcement, the initiative titled "Defenders League" currently involves a partnership between the Middlesex University London, the Middlebury Institute of International Studies
Education & News
President of the European Central Bank (ECB) - Christine Lagarde has expressed support for the bank’s involvement in the development of a central bank digital currency (CBDC); as she notes its benefits for faster and cheaper cross-border payments. Speaking at a recent interview where she was asked about ECB’
Education & News
High Points * South Korea discusses CBDC for 2020. * Central Bank of Bahamas begins pilot testing of digital currency. The Bank of Korea (BOK) – South Korea’s Central Bank will constitute an organized task force to undertake a central bank digital currency (CBDC) research slated for the new year. BOK in