Singapore ‘not ready’ for Bitcoin ETFs, sneaky crypto mining rig importer: Asia Express
Singapore isn’t in a rush to list crypto ETFs, according to SGX CEO this week as Philippines charges two over a $6M XRP hot wallet hack.
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BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT
Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States, as reported by Cointelegraph on Nov. 14. What will the new cryptocurrency look like, how does the BRICS group plan to…
Lloyd’s New Insurance Offering Covers Crypto Held in Hot Wallets
Insurance giant Lloyd’s of London now provides a new type of liability insurance policy to protect cryptocurrency in hot wallets that is lost by theft.Lloyd’s new offering was developed by Lloyd’s syndicate Atrium together with crypto will-focused firm Coincover, with limits from as little as £1,000 ($1,275), Lloyd’s announced on March 2. The policy is…
Hyperledger Announces New ‘Cryptography Library’ for DLT Development
The Hyperledger Technical Steering Committee has approved the Ursa project, a modular cryptography software library, according to an official announcement Dec. 4.According to the statement, as Hyperledger has matured, projects “have started to find a need for sophisticated cryptographic implementations.” The post describes Ursa as a shift from having each project implementing its own protocols…
What Role Should Central Banks Have Launching Stablecoins Like Libra?
Ever since the vision for a Libra stablecoin was unveiled in its white paper back in June, Facebook has suffered a startling backlash from countries around the world. Some American politicians have claimed the digital currency has the potential to be more dangerous than 9/11. Lawmakers over in Europe haven’t been too kind either, with Germany’s finance minister…
Indian Police Can’t Move Seized Crypto Due to India’s Anti-Crypto Law
The police of Pune, a city in the western Indian state of Maharashtra, have sought a court's directive to transfer 85 million Rupees seized from a Bitcoin (BTC) ponzi scheme last year.$1.2 million frozen In an Oct. 3 article by the Times of India, Pune cyber police explained that the value of 244 cryptocurrency units (worth…
Year of sponsorships: Celebrities who embraced crypto in 2021
Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets.In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram…
Crypto Donation App BABB Waives Fees For Coronavirus Fundraisers
Crypto wallet banking and donation app BABB has announced the debut of its top-up function, a fee-waiving cash-out policy for COVID-19 fundraisers on its platform.According to the announcement, the company has also added a fiat gateway that every Android and iOS user will have access to. BABB clarifies that as long as the users pass…
Japan’s Line Reportedly Close to Obtaining FSA License for Japanese Crypto Exchange
LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant Line, is allegedly close to obtaining a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on June 20.According to the report, Japan’s Financial Services Agency (FSA) could issue the company with an exchange license as early…