India’s Supreme Court has lifted a virtual ban on crypto trading instituted by its central bank in 2018. The court ruled in favor of cryptocurrency exchanges, which had filed a case against the Reserve Bank of India (RBI), and questioned the “proportionality” of RBI’s actions in its ruling. “RBI needs to show, at least, some semblance of any damage suffered by its regulated entities. But … Continue reading India’s Supreme Court Quashes Central Bank’s Virtual Ban on Crypto Trading and Services
Facebook is planning to roll out its Libra blockchain with digital equivalents of national currencies, according to a report in The Information. It is a change in strategy for the social media behemoth, which faced backlash from national governments after revealing plans to introduce a custom token, also called Libra, backed by a basket of currencies for transactions on its blockchain. But the company has … Continue reading Facebook’s Blockchain May Be Launched without Libra Token
Basketball player Spencer Dinwiddie is engaging the services of New York-based Tritaurian Capital to make an offering of SD26 tokens, that fractionalize his NBA contract, to accredited investors. Dinwiddie made the announcement in an email to potential investors. The tokens on Ethereum’s blockchain will be listed on Paxos, a cryptocurrency exchange, and allow Dinwiddie to convert part of his contract into immediate cash. The Brooklyn … Continue reading Basketball Player Spencer Dinwiddie Engages Tritaurian Capital for Future Token Offering of his Contract
Time and again, bitcoin’s status as a safe haven is tested. Time and again, bitcoin fails the test. The recent coronavirus scare, which resulted in the sharpest selloff in the stock market since 2008, was an opportunity for the cryptocurrency to attract fearful investors, fleeing from a market crash, into its ecosystem. Except for a brief spike in prices, however, the trajectory of bitcoin’s prices … Continue reading Bitcoin Fails the Safe Haven Test Again. Time to Change the Narrative?