As crypto and blockchain development accelerates, US lawmakers are taking an increasing interest in understanding the technology. Recently, the Congress has begun to explore the topic in ernest, and the first crypto-related legislation has also been introduced. Although it is unlikely that major regulatory action will be taken this year, there is no doubt that…
Although crypto values have remained relatively stable for several weeks, overall activity across the crypto space continues to grow rapidly. Development is at an all time high, and more of the general public is developing an interest in crypto investment. Not surprisingly, exchanges are beginning to place a greater degree of scrutiny on crypto platforms,…
Interest continues to grow in bringing traditional financial products into the blockchain space, and pressure is mounting on governments across the globe to regulate and grant legitimacy to blockchain assets. Although recent news has focused on the continued stalling of financial regulators to permit the creation of cryptocurrency exchange traded funds (ETFs), index funds are…
Cryptocurrency’s global growth has been substantial over the course of this year, and nowhere has interest been stronger than in the developing world. Blockchain advocates have long asserted that the technology will bring the most benefits to the poor and working classes, as it frees individuals from reliance on corrupt financial institutions and poorly managed…
This year continues to be the most significant for blockchain development and adoption as the technology quickly moves toward mainstream use. Also, despite the months-long decline in market caps, interest in cryptocurrency investing continues to grow, notably in the institutional sector. For years governments and central banks have held that regulation is necessary to protect…
An executive at Ripple Labs has indicated that the company’s long-awaited commercial product, xRapid, could soon be released. Ripple’s XRP token value moved up more than twenty percent on the news, although it has since retreated slightly. The availability of xRapid will mark the largest move yet of a blockchain-based product into mainstream use.
Sagar…
Citigroup is reportedly in the process of creating a cryptocurrency investment product that could revolutionary change how the public invests in blockchain assets. Known as a digital asset receipt (DAR) it is aimed at institutional investors, and could significantly simplify the means by which cryptocurrencies are bought and sold. Additionally, this product will add a…
Some of the largest groups in the blockchain space have organized a lobby group in Washington, D.C. This group, named the Blockchain Association, is a registered non-profit and seeks to be a unified voice for blockchain interests. Members of the organization include Coinbase and Circle, as well as a number of private investment groups. …
The US Securities and Exchange Commission (SEC) has issued a cease-and-desist order, and levied a $200,000 fine against Crypto Asset Management (CAM), a cryptocurrency investment fund. It has also fined its principal manager, Timothy Enneking. The SEC charges that CAP has operated as an unlicensed investment company, and that it has fraudulently represented itself as…
Last week Ethereum’s price fell below $200 for the first time since July, 2017. It has since slightly recovered, but it remains more than eighty-five percent below its all-time high of $1,440 this past January. This current price is a stark contrast to last Summer, when many cryptocurrency analysts predicted that Ethereum was due to…
