BlackRock says no to Exchange Traded Fund until cryptocurrency becomes legitimate

World’s largest asset manager BlackRock will not offer Bitcoin Exchange Traded Fund (ETF) until cryptocurrencies become legitimate. Larry Fink, BlackRock’s CEO said, at this moment he does not see the need for electronic trading for a currency that is not legitimate irrespective of how much wealth it can store. However, he does not rule out the option in case there is a need of it in the future. Fink said this in Manhattan on Thursday while attending  New York Times Dealbook Conference. Read more about BlackRock says no to Exchange Traded Fund until cryptocurrency becomes legitimate

Cryptocurrency enters the porn industry and takes off in a rather grand style

The porn studio VogoV conducted a market research recently and according to the report published, cryptocurrency has entered into the porn industry with over 470 websites, 50 Webcam platforms and 35 sex shops worldwide accepting payment in cryptocurrency. Though the number might seem big, compared to the vastness of the adult industry it is not a huge one but it has indeed started off impressively. Having said that, the porn industry known for adopting technology early, took a little longer to come to terms with cryptocurrency and blockchain. Barring Wicked & Pornhub, most of the websites did not want to try out cryptocurrencies until recently. Read more about Cryptocurrency enters the porn industry and takes off in a rather grand style

Google confirms blockchain is most looked up technology

Search engine giant Google’s search data revealed that blockchain is the most searched for technology on the internet. Blockchain and cryptocurrency have been making a lot of noise and creating hype cycles over the past year. People have been trying to understand these technologies and slowly they are trying to adapt to the future. Google confirms that blockchain appears more in search criteria than cryptocurrency. It was in July that blockchain overtook cryptocurrency in terms of search hits and has consistently tipped cryptocurrency ever since. Read more about Google confirms blockchain is most looked up technology

SP Group launches marketplace for blockchain powered renewal energy certificate

As revealed in a major press release by one of the major electricity and gas transmission giants in Singapore, SP group has recently launched a new marketplace for blockchain powered renewal energy certificate. The release of the same was made at the ASEAN energy business forum held in Singapore this week. Read more about SP Group launches marketplace for blockchain powered renewal energy certificate

Report warns against ‘bad’ government cryptocurrency regulations

A joint report which has emerged from the desks of the British Business Federation authority, the Venture Capital Fund Novum Insights and the cryptocurrency exchange has hit the government regulations on cryptocurrencies and its related technologies with a backlash, quoting how bad regulations can prove to be worse than no regulations and that the government is simply not doing enough. Read more about Report warns against ‘bad’ government cryptocurrency regulations

Cryptocurrency tax divulging to be simplified by Japanese tax committee

On Oct 17, Japanese tax committee conducted a debate on simplifying the cryptocurrency tax reporting stating that the current system is complex and doesn’t help in thorough realization of the cryptocurrency gains. The officials of the committee advised that the government should seek ways to adjust accordingly to facilitate simpler methods for reporting cryptocurrency tax. It has to be noted that the Japan government’s move to modify regulations without compromising on security has been welcomed by the start-ups and has increased the market surge. Read more about Cryptocurrency tax divulging to be simplified by Japanese tax committee

SEC launches portal To Engage With next-gen technology start-ups

The U.S. Securities and Exchange Commission has launched a hub called Fintech hub or FinHub that will engage with start-ups working on upcoming technologies such as Artificial Intelligence, Blockchain and others. The FinHub will act as a single access point that will handle all the SEC’s services providing an easier option for companies to collaborate with the customers. The portal will also help start-ups with a streamlined process to develop a platform that complies with SEC. Read more about SEC launches portal To Engage With next-gen technology start-ups

Cross country partnership for blockchain pilot to facilitate international trade

In a move to facilitate trading between countries, one of the subsidiary of Abu Dhabi ports has entered into a partnership with the Belgium port of Antwerp. The Maqta Gateway that uses it’s very own blockchain platform Silsal will be trialing the Proof-of-concept. The trial will help companies handle documents between Abu Dhabi and Dubai and also streamline trading and supply chain by providing complete transparency. Read more about Cross country partnership for blockchain pilot to facilitate international trade

Hong Kong’s securities regulator brainstorming new cryptocurrency regulations

Hong Kong’s Securities and Futures Commission (SFC) is brainstorming various options to regulate crypto exchanges with utmost importance to tighten investor protection. Carlson Tong Ka-shing, SFC’s outgoing chairman also mentioned imposing outright ban on upcoming technology in the internet era will not be the right approach and will only make exchanges continue to operate in overseas markets. He added that SFC has been continuously monitoring the crypto operations and as the trading increases, it is imperative that proper regulations are stitched together. Read more about Hong Kong’s securities regulator brainstorming new cryptocurrency regulations