The Indian Supreme Court refused to grant petitioners an interim injunction against the country’s central bank, Reserve Bank of India’s (RBI’s) announcement which banned banking services firms from dealing with and in cryptocurrencies. This news was posted on Twitter on May 11 by Crypto Kanoon, a team of lawyers in India who are engaged in the analysis of cryptocurrency regulations and creating legal awareness about the industry.
Shark Tank South Africa star and entrepreneur Vinny Lingham founded his own startup called Civic in 2016, and this company is now launching a really innovative product to demonstrate how Blockchain technology can be harnessed for the KYC process. KYC, or, Know Your Customer, is a critical part of any customer verification or identification process.
According to a study released by Wall Street research and strategy company Fundstrat Global Advisors, the price of Bitcoin could go up to $36,000 towards the end of 2019. In fact, the firm gave a price range increase of $20,000 to as high as $64,000 by the end of next year.
According to sources from within the company that wish to remain anonymous, the parent company of the New York Stock Exchange, Intercontinental Exchange (also known as ICE) has been working on creating an online cryptocurrency exchange that would let big investors purchase as well as hold Bitcoin.
The price of the EOS token has been steadily rising in the last few months despite the fact that gains have actually be hard to come by in this time. This is caused renewed interest by investors in this cryptocurrency. Especially since Multicoin Capital, a crypto fund, announced that EOS is the next gen platform for smart contracts.
A Wall Street analyst by the name of Nick Colas wants investors to avoid Bitcoin as much as possible. Colas, the co-founder of DataTrek Reseach, pointed out lacklustre fundamentals surrounding what he describes the “FANG stock of the crypto world.” FANG is basically Facebook, Amazon, Netflix, and Alphabet’s Google, and it is considered the highest flying – and even most widely held – tech stocks.
In the latest news, Japan’s financial watchdog is looking to up the ante in the crypto-trading industry. Called the Financial Services Agency (FSA), it has already laid out another set of regulatory stipulations for the country’s domestic crypto exchanges.
Believe it or not, a small town situated in Ukraine has residents who are all owners of cryptocurrency. This is basically the Ukrainian village of Elizavetovka of the Petrykivsky district in the Dnipropetrovsk region. It was made possible through an initiative by the head of the village council.
In the latest news, four of the world’s biggest auto companies have joined forces with startups and tech providers to create a consortium which will utilize automotive uses for blockchain. The latter refers to the database technology known and used from cryptocurrencies.