Monthly Archives: September 2019

The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, Cointelegraph Brasil reported on Sept. 25.On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and Intermediary (SMI) Relations.In its warning, the CVM states that XM Global Limited is not authorized…

Crypto investment fund 1Confirmation, backed by tech billionaire Peter Thiel, has raised $45 million for its second fund.Following the raise, 1Confirmation has over $75 million in assets under management for investing in new projects in the crypto industry, the firm’s founder Nick Tomaino announced on Sept. 25.San Francisco-based 1Confirmation is one of the earliest crypto…

Ex-United States Federal Reserve official Simon Potter stated that the plan to end the U.S. dollar’s dominance by replacing it with a digital currency makes no sense.Central banks unlikely to coordinate around virtual currencyLast month, Governor of the Bank of England Mark Carney suggested ending the U.S. dollar’s dominance by replacing it with a digital…

The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it.A decentralized stablecoinEthereum-collateralized decentralized stablecoin DAI managed to maintain its peg to the United States dollar as Ether lost over 18% of its value in…

EOS parent company Block.one is opening its fourth global site located in the Washington, D.C. metropolitan region.Creating 170 jobs over the next three yearsOn Sept. 23, Block.one LLC announced that it is opening new headquarters for its United States operations arm in the region of Arlington, Virginia, located in the Washington, D.C. metro area. The…

Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division.Blockchain to streamline international trade processOn Sept. 25, United Kingdom financial news outlet FStech reported that Lloyds Bank has partnered with the distributed ledger technology firm Komgo. Lloyds Bank, one of the “Big Four” clearing banks in the U.K., said that it…

Yesterday, Sept. 24, Cointelegraph reported from the United States House Financial Services hearing with the chairman and four commissioners of the Securities and Exchange Commission (SEC). The hearing was informational and touched on a number of issues that have been plaguing the conversation in the U.S. about regulating cryptocurrencies — a conversation that the release…