China’s New Central Bank Head Is Pro-Market, Could It Impact Cryptocurrency Industry?

Yi Gang, an American-trained economist, has been elected by the Chinese government to take over the People’s Bank of China (PBoC), the country’s central bank, as its head. The election of a pro-market economist could have a positive impact on the cryptocurrency market. Pro-market, favors freedom Both Chinese President Xi Jinping and PBoC’s new leader …

Cisco Developing Confidential Communications Via Blockchain In Patent Filing

Cisco, a worldwide leader in IT and networking, is developing a method of confidential group communications based on Blockchain technology, according to a patent application released by the US Patent and Trademark Office (USPTO) March 29. In the application, the company describes the way Blockchain can ensure more confidential and secure group messaging, file sharing, …

How Regulatory Traditions in Two Countries Could Affect EU Legislation

The first meeting of G20 finance ministers and central bank governors this year was anticipated by the crypto community after a series of separate words and deeds on regulation among the world’s biggest players. But no joint framework declarations followed the meeting. With the Financial Stability Board’s cautious statements casting chill over individual members’ enthusiasm …

Telegram Attracts $850 Mln In Second Round Of ICO

Pavel and Nikolai Durov reported that they raised $850 mln in the second round of their initial coin offering (ICO) in a notice signed today with the US Securities and Exchange Commission. The ICO sought investment to support the development of the Telegram messenger app and its own Blockchain platform Telegraph Open Network. While the …

Putin Adviser Says ‘CryptoRuble’ Will Circumvent Sanct… | News

At a recent government meeting, Sergei Glazyev, economic adviser to President Putin, said the ‘CryptoRuble’ could help alleviate the pressure of Western sanctions, The Financial Times reported Monday. However, there is still no unified official stance from the Russian government on the question of issuing a national digital currency. The Russian CryptoRuble is essentially a …

Peter Thiel’s VC Fund Invests Millions Into Bitcoin, M… | News

Peter Thiel’s San Francisco-based venture capital firm Founders Fund has invested millions of dollars into Bitcoin (BTC), the The Wall Street Journal (WSJ) reported today, citing sources “familiar with the matter”. The Fund reportedly invested $15-20 million into Bitcoin, which has grown into hundreds of millions in the past year. Since Jan. 1, 2017, BTC …