The month in crypto: October 2018
Nov 07 2018 · by Muneeb Khan
Category: Market News
What’s been happening this August in the crypto space? Here’s a round-up of the most significant news, updates, and events.
Fidelity has now entered the cryptocurrency space with separate company Fidelity Digital Asset Services. The 72-year-old firm’s newest arm provides cryptocurrency custody and trade execution to institutional investors.
“Our goal is to make digitally native assets, such as bitcoin, more accessible to investors,” said Fidelity’s Chairman and CEO Abigail Johnson in a press release.
The US Securities and Exchange Commission’s newest commissioner, Elad Roisman, met with money manager VanEck and blockchain startup SolidX to discuss the possibility of launching a bitcoin-based exchange-traded fund (ETF).
The commissioner and representatives narrowed in on a rule change proposal the two companies submitted in an effort to start a bitcoin ETF, according to a report issued early October.
G4S, one of the world’s most trusted security firms, aims to safeguard their clients’ digital assets with secure offline storage.
“With the rise in the popularity and value of cryptocurrencies around the world in recent years, G4S has developed an innovative new service offering high-security offline storage that helps to protect assets from criminals and hackers,” wrote the London-based multinational in a statement.
Japan’s Financial Services Agency (FSA) has granted the cryptocurrency industry self-regulatory status. This permits the Japan Virtual Currency Exchange Association the right to police and sanction exchanges.
Although the Indian government has not yet made official laws regarding the trade of digital assets, in April of this year, the Reserve Bank of India prohibited all banks from dealing in cryptocurrencies. Without banking services, Indian exchange ZebPay has shut down.
“The curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully,” said the exchange in a blog post. “We are unable to find a reasonable way to conduct the cryptocurrency exchange business.”
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Category: Market News
May 17 2018 · by Rabbi Ahmed
This week in crypto news - 17 May 2018 Read more