The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also read: Indian Supreme Court Wraps up Crypto…Read More

Canada-based cryptocurrency mining company Great North Data has reportedly submitted a bankruptcy filing due to insolvency. Canada-based cryptocurrency mining company Great North Data has submitted a bankruptcy filing, purportedly due to insolvency.As the Canadian Broadcasting Corporation reported on Dec. 4, Great North Data — which operated crypto mining facilities in Labrador City and Happy Valley-Goose…Read More

OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, is seeking a $500 million IPO. OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, has updated its filing for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).According to an F-1 filing dated Dec. 2, the…Read More

Gaming industry has seen incredible advancements with the implementation of VR, AR and AI, but blockchain promises to bring even more value. Blockchain is transforming the financial industry right before our eyes, with many market onlookers anticipating a complete replacement of existing payment, trading and banking infrastructures. Blockchain and finance seem like the perfect match,…Read More

A panel including U.S. Treasury Secretary Steven Mnuchin and SEC and CFTC chairs voiced concerns about stablecoins becoming more popular in the future. A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies. A report issued on Dec. 4 by the Financial Stability Oversight…Read More

Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will be distributed by the end of the year. Also…Read More

A further blockchain fund promises to develop the technology in Hainan’s dedicated free economic zone, which was established in 2018. Blockchain will continue to see major investment from China’s Hainan Free Trade Zone (FTZ) with new funds fostering local businesses.As local English-language news outlet Xinhua Net reported on Dec. 5, Hainan’s dedicated economic pilot zone…Read More

As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property. Also Read: Circle Drops Poloniex Leaving US Crypto Traders High…Read More

It’s impossible to assess the cryptocurrency landscape without considering Binance. It looms large over the industry, dictating trends, soaking up liquidity, and compelling new exchanges to fight tooth and nail for market share. Most exchanges aren’t gunning to become the next Binance. But they must all exist in its shadow while striving to carve a…Read More

The MLM monitoring publication behindmlm.com revealed on Dec. 1 that the infamous Ponzi scheme Onecoin’s website onecoin.eu has gone offline. According to the domain host Eurid, the onecoin.eu domain name is currently “under legal investigation.” Onecoin’s website going offline follows the recent arrest of the operation’s cofounder Konstantin Ignatov. Also read: Part Deux! Onecoin Buyer…Read More