18 US states file lawsuit against SEC and Gary Gensler
President-elect Trump has vowed to fire SEC Chairman Gary Gensler and replace him with a more crypto-friendly SEC head.
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Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer
Michael Bacina, an Australian digital assets lawyer told Cointelegraph that the investigation could see a far-reaching impact on crypto exchanges and the token projects involved. 67 Total views 14 Total shares An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling…
Fidelity Exec: We Are Very Careful About Where We Offer Cryptocurrencies
Kathleen Murphy, personal investing president of American financial services company Fidelity Investments, has said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients.Murphy voiced this sentiment during an interview with CNBC published on Oct. 11. After the interviewer asked when she expects users to trade cryptocurrency “in a meaningful…
Shell Subsidiary Builds DLT-Based Virtual Power Plant in Germany
Royal Dutch Shell subsidiary Sonnen Group announced a partnership with the Energy Web Foundation (EWF) to use EWF’s blockchain to create a virtual power plant (VPP) in Germany on March 12.The virtual power plant will comprise a distributed network of residential energy storage systems intended to absorb excess wind power and reduce Germany’s renewable energy…
President of Uganda to Lead Blockchain Conference in Kampala in July
The President of Uganda, Yoweri Museveni, will officiate the 2019 Africa Blockchain Conference, according to a report by Kabuubi Media Africa on June 24According to the report, The 2019 Africa Blockchain Conference — not to be confused with The Blockchain Africa Conference 2019 which occurred in April — will be held from July 3 to…
Bitcoin Miner Riot Blockchain Racks Up $221 Million Deficit
U.S. mining firm Riot Blockchain has published its financial report for Q1 2020 — painting a picture of a company heavily reliant on equity and debt financing to fund its operations.The firm reported recurring losses and negative cash flows from its operations, with Riot anticipating continued losses over the near term.But the mining outfit is…
Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia
In partnership with the Indonesian government, Kinesis is using blockchain technology to deliver gold-based financial services to the population. 2390 Total views 20 Total shares Kinesis, a gold-backed monetary system based in the Cayman Islands, has launched a Sharia-compliant version of its product in Indonesia, setting the stage for wider acceptance of its blockchain solution…
Fund Manager Files for ETF Spanning Energy, Agriculture and Bitcoin Futures
A New York-based asset manager has filed for an ETF that will invest up to 5% of its capital into Bitcoin futures contracts despite focusing on energy, agriculture and metals. 599 Total views 28 Total shares WisdomTree Investments, a New York-based exchange-traded fund (ETF) provider, has filed for an ETF that would invest up to…
US tech exec warns China is ‘a decade ahead’ on quantum
Analysts often claim China is winning the quantum race but available research indicates otherwise.