Month: March 2020

India’s Supreme Court Quashes Central Bank’s Virtual Ban on Crypto Trading and Services

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… Read More India’s Supreme Court Quashes Central Bank’s Virtual Ban on Crypto Trading and Services

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Facebook’s Blockchain May Be Launched without Libra Token

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… Read More Facebook’s Blockchain May Be Launched without Libra Token

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Basketball Player Spencer Dinwiddie Engages Tritaurian Capital for Future Token Offering of his Contract

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… Read More Basketball Player Spencer Dinwiddie Engages Tritaurian Capital for Future Token Offering of his Contract

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Bitcoin Fails the Safe Haven Test Again. Time to Change the Narrative?

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… Read More Bitcoin Fails the Safe Haven Test Again. Time to Change the Narrative?

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