Day: October 24, 2018

Circle CEO Calls on Global Economies to Coordinate on Crypto Regulation

boss

Jeremy Allaire, the CEO of crypto investment app Circle, has called on global economies to develop coordinated regulation of cryptocurrencies in an interview with Reuters Oct. 22. The CEO of the Goldman Sachs-backed crypto firm claimed that the global community should develop universal international rules for regulating the crypto space. Claiming that for the crypto industry “ultimately there needs to be normalization at the G20 level,” Allaire has paid special attention to the regulation of Initial Coin Offerings (ICOs), as well as stressed the need to adopt a coordinated approach…

SEC Publishes Memorandum From Meeting on SolidX, VanEck BTC ETF Proposal

boss

  The U.S. Securities and Exchange Commission (SEC) has published a memorandum, dated Oct. 9, from a meeting regarding the Bitcoin (BTC) exchange-traded-fund (ETF) proposal from VanEck and SolidX. As stated in the memorandum, VanEck is a New York-based investment management firm with $46 billion in assets under management and SolidX is a provider of blockchain software development and financial services. According to the document, on Oct. 9 SEC Commissioner Elad L. Roisman and his counsels Dean Conway, Matthew Estabrook, and Christina Thomas met with representatives from SolidX, VanEck, and…

Crypto Markets See Mixed Signals, Mostly Trading Sideways

boss

Tuesday, Oct. 23: crypto markets continue their sideways trend today, with total market cap slightly down over the past 24 hours, according to CoinMarketCap. The markets are seeing mixed signals as of press time, with most top coins trading sideways, up or down by less than one percent. Market visualization from Coin360 Bitcoin (BTC) is up less than a tenth of a percent over the past 24 hours, and trading at $6,487.77 at press time. The major cryptocurrency have seen small volatility over the day, having dropped to as low…

Financial Giant SBI Group to Develop Wallet Following New Partnership

boss

Japan-based financial services firm SBI Group and Danish cryptography services company Sepior ApS have partnered to jointly develop a proprietary wallet, according to an announcement published Oct. 13. The wallet is set to ensure secure transactions on SBI’s cryptocurrencies exchange platform, VCTRADE. The SBI Group was established in 1999 in Japan as an Internet-based financial services provider. Since then, the company has formed a financial conglomerate with a focus on new technologies, including fintech, Internet of Things (IoT), artificial intelligence (AI), and others. In 2018, SBI reportedly invested over $533…

Business Lobby Group Sends Prime Minister Medvedev Proposal on Crypto Regulation

boss

A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) has recently sent its proposals for crypto regulation to country’s prime minister Dmitry Medvedev, Russian business media RBC reports Monday, Oct. 22. Per a document obtained by RBC, the head of RSPP Alexander Shokhin criticizes the main draft that was accepted by the Russian State Duma in the first of three readings in May. He urges Medvedev to postpone the hearings until 2019 to develop new aspects of the draft law that would serve both entrepreneurs’ and regulators’…