A US District Court has recently sided with the Securities and Exchange Commission (SEC) and issued an injunction preventing Telegram from releasing the Telegram Open Network (TON) blockchain and the Gram token. It is the latest blow to Telegram's ambitious project. Telegram had been planning to release both the blockchain and its native cryptoc...
The global economy is being hit by high uncertainty because of the coronavirus. As a result, the sell-off in the financial markets continues—the prices of stocks, commodities, cryptocurrencies are declining. Investors are withdrawing their money from the markets since in times of crisis there is an age-old saying: «Cash is King». To address the ...
According to a recent announcement, major financial institutions in Europe plan to launch a blockchain-based platform, which will focus on the investment fund sector. It has been in the works for a while now. The Luxemburg Stock Exchange incubated the platform and it is affiliated with some of the largest financial institutions. Some of the firm...
The last few weeks have been the worst for the financial markets since the global financial crisis of 2008. For instance, the US stock market index S&P 500 dropped by 29% to 2,403 from 3,386. The extreme fear has grasped the crypto market as well. On March 13th, the price of Bitcoin tumbled to $3,800 per one digital coin—the lowest level sin...
The Autorité des marchés financiers (AMF), France's financial watchdog, recently called for the creation of an EU-wide regulatory sandbox that would help to support the novel security token sector. The regulator conducted a legal analysis and found that current regulation was incompatible with the growth of the sector. What the Analysis Found A...
U.S. Magistrate Judge Bruce Reinhart, who oversees the case between the Kleiman estate and Craig Wright, the self-proclaimed Bitcoin inventor, recently had said some harsh words about the latter. The judge slammed Wright for presenting forged documents in court and committing perjury. Judge Reinhart made the remarks during the ongoing litigation...
On Tuesday, March 3rd, the US Federal Reserve System cut interest rates by half a percentage point at an unscheduled emergency meeting. It was the first emergency rate cut since 2008, and it also marks the biggest one-time cut since then. Loose monetary policy may impact positively cryptocurrency prices in the long run, since it may spur inflati...
A recent ruling by the Indian Supreme Court reversed a ban on crypto trading in the country, imposed by the central bank nearly two years ago. A three-judge bench, led by Justice Rohinton Fali Nariman, overturned the ban. The Crypto Ban In 2018, the Reserve Bank of India (RBI) issued a directive that barred banks operating in the country from de...
During the past week the cryptocurrency market was quite volatile and most of the major cryptocurrencies recorded double-digit price declines. For instance, the price of Bitcoin dropped from €9,190.36 to €7,724.02 (-15.96%). Usually, in such cases, when the prices of financial assets increase or drop significantly many media outlets try to expla...
Тhe Riksbank, Sweden's central bank and the oldest central bank in the world, recently announced it had started trials for a central bank digital currency (CBDC), called the e-krona. If the trial run is a success, Sweden could be the first country in the world to launch a CBDC. Purpose of the Е-Krona If the e-krona achieves mass circulation, it ...