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Reserve Bank of India Quietly Opens Cryptocurrency Research Unit

Reserve Bank of India Quietly Opens Cryptocurrency Research Unit, The unit has been operational for a month and already sees an as-of-yet unnamed general manager leading it, according to the report citing two sources aware of developments at the central bank. The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through…

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Cryptocurrency News: What Is Security Tokens in 2018?

Cryptocurrency News: One of the major topics of discussion in cryptocurrency at the moment is around the emergence of security tokens. Security tokens are backed by real assets such as an equity, shares of a limited partnership company, or commodities.   This was around Winter 2017 – 2018. The same time when the Securities and Exchange Commission (SEC) in the USA began focusing their attention on this new and previously unregulated form of cash. Before many other national, government authorities worldwide decided to follow suit. The opening of crypto-futures arguably…

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Bank of America Interested In Patent for Cryptocurrency Exchange System

The patent, which specifically details how a computing device would manage blockchain encryption tags, is the continuation of a proposal for a cryptocurrency online vault storage system that Bank of America first began developing in 2014. The patent envisions a future in which cryptocurrency is widely adopted by the general public but that consumers still entrust their funds to custodians such as banks rather than maintaining their own private keys.   Bank of America, the second-largest banking institution in the United States, has filed another patent application for a system…

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Rejected! SEC Says No to Bitcoin Futures ETF Applications

The Securities and Exchange Commission, the regulating authority of the US, has once again decided not to allow the trading of Bitcoin ETFs. Specifically, it has rejected five proposals made by a subsidiary of the New York Stock Exchange. However, in a potential reversal of fortune, the SEC on Thursday announced that the Commission, led by Chairman Jay Clayton, will review those orders, which had originally been drafted by staff members on behalf of agency leadership. As SEC Commissioner Hester Peirce explained on Twitter, the Commission commonly delegates such rulings to…

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Canada’s Research Center Builds Ethereum Blockchain Explorer

Earlier this year, the NRC launched the Canadian government’s first live trial of public blockchain technology with the aim of building a transparent administration of government grants and contributions. At the time of the launch, the government was able to use the blockchain to publish information on “new and amended Contribution Agreements with firms in real time.” Adham says his company’s goal is to help institutions “become fully transparent” and help constituents participate in the “verification and validation of public information.” “These are early days, but NRC IRAP’s experiments with blockchain…

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Apple Co-Founder Steve Wozniak Joins Crypto Startup

Apple co-founder Steve Wozniak announced Tuesday that he’s now working with investment-focused crypto startup Equi Capital and his interest in blockchain in general in a NullTx interview earlier this week. According to the report of cryptoworld news: Two months ago Wozniak drew parallels between the early days of the internet and the current blockchain landscape, stating that the hyped up and experimental nature of the internet space was a bubble, and I feel that way about blockchain. However, despite his previously stated views, Wozniak is now taking the plunge and becoming…

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Crypto Market Sees Minor Drop $6 Billion as Bitcoin Price Shows Stability

Crypto Market Sees Minor Drop $6 Billion as Bitcoin Price Shows Stability, On August 17, as the price of BTC showed a rapid recovery from $5,850 to $6,400, tokens recorded massive gains in the range of 30 to 80 percent, with VeChain increasing by over 80 percent against the US dollar.   In the past 24 hours, the dominance index of BTC has increased from 51 percent to 52 percent. A one percent increase is a minor movement, but considering that the market has been overly optimistic in the short-term…

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Bitcoin Price Cost Drops in Opposition to Lira as Turkish Treasury Seeks to Calm Buyers

The Turkish Lira value improved against the bitcoin price ahead of an important conference between the country’s financial chief and global investors.The announcement of Berat Albayrak, the finance minister, addressing over 2,000 international investors further improved the fundamentals around Lira, influencing a 2.5 percent rise against the US dollar today. The BTC/TRY recorded a 22 percent drop since establishing its intraday high at 45382-fiat. A political spat between the Turkish and U.S. governments last week had influenced the latter to double the tariffs on Turkish steel and aluminum. As a…

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In 5 Days $43 Billion Wipe Away Of Crypto As Bitcoin Price Rebounds

Bitcoin Price Rebounds, On August 11, the crypto market lost more than $12 billion of its valuation as major cryptocurrencies recorded large losses. Since then, the market has slightly recovered but the momentum of major digital assets still remains weak.Over the past 24 hours, Bitcoin, Ethereum, and Bitcoin Cash recovered by around four percent, as the crypto market added $8 billion to its valuation.   On August 7, the value of the global cryptocurrency market hovered at around $257 billion, supported by stability in the price of both Bitcoin and…

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Fundstrat’s Tom Lee Slashes Bitcoin Price Forecast From $25,000 to $22,000

Fundstrat’s Thomas Lee has lowered his Bitcoin price forecast for this year to $22,000 from $25,000. In making his case the co-founder and managing partner of Fundstrat argued that the price of Bitcoin should be double that of the flagship cryptocurrency’s mining costs. With the mining cost of Bitcoin currently at US$9,100 according to Lee, doubling this cost while including other variables should see the price of the cryptocurrency reaching US$22,000 before the end of 2018. Lee went on to argue that the Bitcoin Price to Mining Breakeven cost (P/BE)…

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