An investor education official with the Securities and Exchange Commission (SEC) had a simple message to would-be cryptocurrency investors this week: think before you leap. In a blog post published Wednesday, Lori Schock, director of the SEC's Office of Investor Education and Advocacy, noted that cryptocurrencies and related investments...
Politicians in Turkey are reportedly looking to launch a national cryptocurrency.According to a report by the Middle Eastern news source Al-Monitor, Ahmet Kenan Tanrikulu, the deputy chair of Turkey's Nationalist Movement Party and also former Industry Minister, has drafted a report to propose a state-backed cryptocurrency dubbed "Turkcoin."Though the technical...
A new report argues that switching to a distributed, blockchain-based infrastructure could bring significant financial benefits to the asset management industry. The release from Calastone, a transaction network for the mutual funds industry, predicts that such a move could slash costs for the global mutual funds market by over $2.5 billion...
$26 down to $3. The average cost of sending a bitcoin transaction is cheaper than it's been in a year and a half, showing that the price isn't the cryptocurrency's only unpredictable metric these days. But with all the debate about growing fees, this might come as a surprise. After...
France's stock market regulator released a statement about cryptocurrency-tied derivatives on Thursday, which includes a curb on the advertising of such products. In its statement, L'Autorite Des Marches Financiers (AMF) said that trading platforms should not be allowed to market cryptocurrency derivative products electronically, per regulations that cover...
Venezuela officially has its own cryptocurrency - and its president wants some of the country's state-owned businesses to use it. According to a recording posted on Twitter by television network VTV, Venezuelan President Nicolas Maduro has ordered several state-owned companies to convert a percentage of their sales and purchases into...
Long Blockchain is appealing a delisting decision from stock exchange operator Nasdaq which, according to a letter, believes the publicly-traded company misled its investors. In a Feb. 21 letter, Long Blockchain - one of a number of firms with public securities to ride the recent wave of investor hype...
New statements suggest that Iran's central bank is developing a new cryptocurrency that would be administered by the state government. Information and Communications Technology Minister MJ Azari Jahromi made the announcement on Twitter Wednesday following a meeting with the bank's board of directors. He described a meeting during which...
Officials from the Venezuelan and Russian governments discussed the former's newly-launched cryptocurrency during a meeting in Moscow this week. Venezuelan Finance Minister Simon Zerpa Delgado was in Moscow on Wednesday discussing collaboration between the two governments, according to tweets published through his official account. According to one missive, the...
Two board members of the Switzerland-based Tezos Foundation, including its president Johann Gevers, have stepped down from their positions. The pair will be replaced by Tezos community member Ryan Jesperson - who will take over Gevers' role as president of the board - and researcher Michel Mauny. The new members...