Category Archives: Cryptocurrency News

CEO Global has suspended deposit and withdrawal of funds due to the arrest of the founder of the exchange

The Chinese cryptocurrency exchange CEO Global has suspended the input and output of cryptoassets for an indefinite period due to the arrest of the founder of the trading platform. The journalist Colin Wu reported on Twitter that the bank card of the founder of the exchange has repeatedly received “underground” funds that are hidden from taxation. Upon learning of this, local authorities detained the head of CEO Global for 15 days to conduct an investigation.…

Citigroup CEO: “Digital currency creation by banks is inevitable”

The CEO of the international financial conglomerate Citigroup, Michael Corbat, reported on engaging with several governments to develop digital currencies. Corbat believes that in the near future there will be “inevitable” independent digital currencies created with the participation of banks, so such assets will hardly be called “cryptocurrencies.” Citigroup began to study issues related to the development of digital currency and its introduction into circulation. However, Korbat did not disclose with which states the bank…

US Financial Stability Board Calls for Tighter Regulation of Cryptocurrencies

The US Financial Stability Board has called on regulators and federal authorities to tighten controls over firms and payment systems that handle cryptocurrencies. The department is engaged in identifying the risks and threats that the US financial system may face. According to the Financial Stability Board’s report, digital assets have both benefits and many potential risks. The authors of the report touched upon the topic of digital currencies from central banks. Most banks are interested…

UN and LTO Network has presented a blockchain platform for registering land rights

The United Nations (UN) has partnered with startup LTO Network to unveil a blockchain-based “goLandRegistry” solution to help the Afghan government solve real estate problems. The solution will be shown to the Afghan Ministry of Urban Development this month. The project was developed within the framework of the UN-Habitat program aimed at sustainable urban development in Afghanistan. The developers said that the blockchain-based platform will help solve problems that usually arise in slums or temporary…

CipherTrace Warns of Rise in MetaMask Wallet Fraud

CipherTrace has issued a fraud alert with extensions to the Google Chrome browser masquerading as the MetaMask cryptocurrency wallet. In its warning, CipherTrace writes that over the past 24 hours, there has been a “significant increase in complaints and comments about the loss of digital assets” following the installation of the fraudulent wallet. The cryptocurrency community has criticized MetaMask, saying the company is not making enough efforts to combat counterfeit wallets. To which MetaMask Product…

S&P Dow Jones Indices will launch cryptocurrency indices in 2021

The management of S&P Dow Jones Indices (S&P DJI), a division of the US market index provider S&P Global, announced that it will launch 550 cryptocurrency indices in 2021. The data provider will be Lukka, a New York-based digital currency company. S&P DJI’s director of strategic development and innovation, Peter Roffman, said the initiative would make it easier for investors to access cryptocurrencies as an asset class. This can partially reduce the volatility of the…

NYDIG Has Raised $150 Million To Launch Two Cryptocurrency Investment Funds

New York Digital Investments Group (NYDIG) raised $ 150 million to launch two new cryptocurrency funds. The money was received from three institutional investors. NYDIG Digital Assets Fund I raised $ 50 million from institutional investors and NYDIG Digital Assets Fund II raised $ 100 million in two filings with the US Securities and Exchange Commission (SEC). A source familiar with the situation confirmed that Fund I invests exclusively in bitcoin. This is NYDIG’s latest…

Stablecoin regulation bill submitted to US Congress

Three U.S. congressmen have introduced new legislation to regulate stable cryptocurrencies, including Facebook’s Diem project, formerly known as Libra. Rashida Tlaib, Jesus Garcia and Stephen Lynch were involved in the drafting of the Stable Coin Pegging and Bank Licensing Act (STABLE). The bill should “protect consumers from the risks associated with new digital payment instruments such as Facebook’s Libra and other stablecoins available in the market. It will regulate the issuance of stablecoins and related…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Libra Association will rename the Libra stablecoin to Diem

The Libra Association will rebrand the Libra project to distance itself from Facebook’s original concept. Stablecoin will be renamed Diem. Libra Association members reported that Diem is Latin for “day”. The name symbolizes a fresh start and the stablecoin’s readiness to launch next year. Today the Association consists of 27 members. The organization has already formed a team of leaders. Dahlia Malkhi will be Chief Technology Officer, Christy Clark will be Head of Human Resources,…