Crypto News

‘Be Sustainable’: Hong Kong Stock Exchange CEO Scoffs at Crypto Giant Bitmain’s IPO Attempt

Cryptocurrency mining giant Bitmain has been unsuccessful, so far, in gaining approval to be a publicly listed firm in Hong Kong | Source: Shutterstock Talking at the World Economic Forum in Davos on Wednesday, the chief executive of the Hong Kong Exchanges and Clearing (HKEX), Charles Li Xiaojia, talked about how important it is for […]

Bitcoin

Crypto Intervention

The action of intervention often has negative connotations, but sometimes intervention can save lives, as any surgeon will probably tell you.  The Bank of International Settlements (BIS) has put out a new research paper that explores the economics of intervention into bitcoin’s blockchain. To be clear, the BIS is the bank of central banks and is the world’s […]

Crypto News

Humanity Can’t Survive Digital Age Without Crypto: Circle CEO Jeremy Allaire

Circle co-founder Jeremy Allaire said that the world needs cryptocurrency to survive the digital age. | Source: DLDconference/YouTube By CCN.com: Circle CEO Jeremy Allaire says humanity can’t survive the digital age without crypto because its decentralized nature and resiliency make it indispensable. Allaire made the remarks at the 2019 World Economic Forum in Davos, Switzerland. Allaire says […]

Bitcoin

UK’s Financial Watchdog May Soon Ban Sale of Crypto Derivatives

UK’s Financial Conduct Authority (FCA) is consulting today on a cryptoassets guidance. The financial watchdog will decide later this year whether to outlaw certain cryptocurrency derivatives. The Matter of Cryptocurrency Derivatives According to an official press release, the FCA is consulting on a cryptoasset guidance today. The framework, once finished, will define the activities which […]

Crypto News

CBOE Chairman: Wall Street Wary of Crypto Investments Due to Lack of a Bitcoin ETN

Source: Shutterstock By CCN.com: Chicago Board of Exchanges (CBOE) CEO Ed Tilly believes the cryptocurrency market needs a bitcoin-based Exchange-Traded Note to “truly grow.” His comments come on the back of postponed ETF launches for bitcoin, which could be pushed back indefinitely due to an ongoing U.S. government shutdown. Regulators “Not Taking Calls” Hundreds of […]

Bitcoin

BOE Advisor: Crypto Fails Fundamental Tests, But Banks Face Growing Competition from FinTech Companies

It’s no secret that those who are heavily involved in the world’s traditional banking systems have a disdain for crypto, likely because of the many ways the relatively young technology challenges the traditional notions of banking. While offering a somewhat cliché opinion about the cryptocurrency markets, Huw van Steenis, the senior advisor to the Bank […]

Crypto News

NASDAQ CEO: Friedman Thinks Crypto Deserves Place in Our Economy

It bodes well for cryptocurrencies everywhere that the CEO of the world’s largest exchange, NASDAQ, has their back. Specifically, Adena Friedman thinks they “deserve an opportunity to find a sustainable future in our economy.” The comments were made yesterday by Friedman in a posting on her LinkedIn profile. The president and CEO of the Nasdaq exchange was writing […]

Crypto News

BitTorrent’s Creator Wants You to Know He’s Not Involved with Tron’s Crypto Facelift

Bram Cohen, the creator of BitTorrent, is not involved with cryptocurrency project Tron. He wants to make sure that you know that. | Source: YouTube/Royse Law Firm Bram Cohen, the visionary computer programmer who created peer-to-peer file sharing protocol BitTorrent and the company of the same name, is no longer involved with the project following […]

Crypto News

Oops! South Korean Crypto Exchange Accidentally Sends Traders $5 Million in Bitcoin

Image: Shutterstock By CCN.com: Did you ever dream of waking up in the morning to unexpectedly find a vast amount of cash miraculously appearing in your account? That is what recently happened to users of a prominent South Korean crypto exchange. Coindesk Korea has reported that the Korean crypto exchange Coinnest has accidentally airdropped over $ […]

Crypto News

Korean Crypto Exchange Executives Fake Trading Volumes, Earn Prison Sentences

Image: Shutterstock Two major executives of Komid, a cryptocurrency exchange platform based in South Korea, have been sentenced to prison, according to a report by local Korean news outlet Blockinpress. The two individuals were convicted of falsifying trading volumes on the exchange. Choi Hyunsuk, CEO of Komid, is one of the indicted individuals. He was […]