Canada-based cryptocurrency exchange QuadrigaCX announced on its webpage on January 28 that it was down for maintenance. The exchange has been unavailable for comment since then. QuadrigaCX, which has been embroiled in legal issues with CIBC (Canadian Imperial Bank of Commerce), has not posted any update on its website either.
Cryptocurrency Market Updates
Iran may reveal its new state-backed cryptocurrency this week at the Electronic Banking and Payment Systems conference. The country has been faced with new sanctions from the US since November 2018, and has been exploring options in Blockchain technology based financial tools to overcome the restrictions placed on economic growth.
Nouriel Roubini is known to be a notorious cryptocurrency critic. Recently, he released a statement suggesting that the blockchain technology is “no better” than the titular Excel spreadsheet. He gave this comparison during a panel specifically hosted by LaToken, which is a crypto exchange
The American agriculture giant Cargill announced on January 25 that it is investing resources in digital engineering to contribute in developing Hyperledger Grid.
The US-based crypto exchange and wallet service provider Coinbase has added new resources on its platform for its American users. Now US customers can claim their cryptocurrency trades when filing their taxes.
According to mainstream media reports, Citigroup and Nasdaq are a part of a group of companies that have invested in Symbiont.io Inc. According to news reports Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency merchant bank is also another investor. In total, these firms are investing $20 million in this startup.
The IDRBT (Institute for Development and Research in Banking Technology) in India has published a blueprint on how Blockchain technology can be implemented in the banking sector.
According to a new research report by the crypto-analytics company Diar, on-chain transaction volumes on the Ethereum network reached all-time highs in December 2018. Diar reported that transaction levels on Ethereum’s chain touched 115 million at that time.
Market News Taxpayers to Report Earnings from Cryptos to Chilean IRS According to local news reports, taxpayers in Chile will now have to declare…
Christian Noyer is known to be the former governor of France’s Central Bank and is even hailed as a prominent economist in the industry. Interestingly, he has just joined a blockchain startup and became one of its board members. The company in questions is none other than SETL.