European central bank President says stablecoins are assets, not currencies
European central bank (ECB) President Christine Lagarde says although stablecoins appear to be used in various transactions they are not currencies rather should be regarded as assets. All cryptocurrencies, including stablecoins and speculative assets, “are not currencies at all,” according to Christine Lagarde, president of the European Central Bank. In an interview with World Economic […]
SBI Holdings set to launch Japan’s first cryptocurrency fund
SBI Holdings Japan’s financial giant is all out to launch the country’s first crypto Fund, the fund will invest in Bitcoin, Ripple (XRP), Litecoin, Bitcoin Cash and Ethereum. According to Bloomberg, financial giant SBI Holdings plans to launch Japan’s first digital asset fund by December. The new investment vehicle will have exposure to a number […]
IRS undercovers as Bitcoin Trader ‘Mr Coins’to nab dark web drug dealer
The Internal Revenue Service (IRS) set up an undercover account named “Mr Coins” and pretended to be a Bitcoin trader to expose a suspected dark web drug dealer. According to Forbes, the sting operation is the latest example of the IRS going undercover to uncover crooks, although it is a rare case of the IRS […]
Commercial law in Texas now recognizes cryptocurrencies
House Bills 4474 and 1576, both of which were signed into law by Texas Governor Greg Abbott in June went into effect on September 1. Two bills aimed at promoting the adoption of cryptocurrencies and blockchain technology have been signed into law in the Texas state legislature. On September 1, the provisions of Texas House Bills […]
ShapeShift makes available its open-source version 2 platform code
ShapeShift as part of its ongoing decentralization initiatives have made available its open-source version 2 platform code, the exchange has previously announced the largest airdrop in history. ShapeShift, a non-custodial cryptocurrency exchange, revealed Thursday that it has open-sourced the code for its future version two platform as part of its ongoing decentralization initiatives, allowing developers […]