The U.S. SEC has requested that Kik Interactive Inc. provided detailed information about its operations since it released its native token, Kin. The United States Securities Exchange Commission (SEC) has requested a deposition from a representative of Kik Interactive Inc. to provide detailed information about its operations since releasing native token Kin. Kik Interactive, the Canadian company behind the Kik messenger application, has been dragged into a long-standing legal battle with the U.S. regulator. The SEC claims that the company violated securities laws when it carried out […]

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The chairman of the securities market regulator of India urges exploration of the best possible usages of blockchain for security markets. The Chairman of Security and Exchange Board of India(SEBI), Ajay Tyagi makes a bet on blockchain technology and urges exploration of the best possible usage of blockchain in securities markets. SEBI is the regulator of the Indian securities market. On Jan 23, speaking at a research conference on ‘Changing Landscape of Securities Market’ organized by the National Institute of Securities Markets, Patalganj, Tyagi said that applications […]

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Data shows Litecoin is not “digital silverâ€� but a slight correlation between LTC and silver can provide insight into the digital asset’s future returns. The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018. Cryptocurrency market weekly overview. Source: Coin360 Cryptocurrencies’ volatile behavior is one of the main […]

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A Chainalysis report finds more exchange hacks in 2019, but less money stolen than in heists from previous years. A Chainalysis report has found an increase in number of exchange hacks in 2019, though less crypto was actually stolen than in previous years. The findings In the report, Chainalysis includes only exchange attacks (excluding wallet providers, payment processors, etc.). The firm includes hacks against technical vulnerabilities, deceptive attacks, like social engineering, and attacks that they confirmed and measured in value. It also includes hacks from private sources, […]

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MIT’s crypto research group said the crypto and blockchain space is an experimental playground paving the way for a central bank digital currency. MIT’s crypto and distributed ledger tech research group, the Digital Currency Initiative, recently explained that a central bank digital currency (CBDC) will eventually use some of the concepts and technology currently at play in the experimental crypto space. “CBDC should not be a direct copy of existing cryptocurrencies with exactly the same design and features but there are things we can learn from their emergence […]

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Major global economists credit Facebook’s Libra with pushing the world to reconsider the U.S. dollar as the world’s anchor currency at WEF panel in Davos. Major global economists credit Facebook’s Libra with pushing the world to start reconsidering the United States dollar as anchor currency. At a Jan. 23 panel at the annual World Economic Forum (WEF) in Davos, officials and financial experts discussed one of the most important mechanisms in the global financing system — the U.S. dollar, which has become the world’s reserve currency. Libra […]

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Swiss cryptocurrency financial firm Amun AG launched a derivative giving investors inverse exposure to Bitcoin, called 21Shares Short Bitcoin. Swiss cryptocurrency financial firm Amun AG launched an Exchange Traded Product (ETP) giving investors inverse exposure to Bitcoin (BTC), called 21Shares Short Bitcoin (SBTC). As Cointelegraph Japan reported earlier today, Amun launched the derivative in question on Jan. 22 on Switzerland’s leading stock exchange, Six Swiss Exchange. The description of the product on the firm’s official website is as follows: “The 21Shares Short Bitcoin ETP (Ticker: SBTC) seeks […]

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