10th-Largest Indian State to Release Policy for Blockchain and AI

[ad_1] The Indian state of Tamil Nadu is reportedly working on a state-level policy for blockchain technology and artificial intelligence (AI).On Oct. 31, local news outlet The Times of India reported that Tamil Nadu, the 10th-largest state in India, is working on separate policies for blockchain and AI which could be released as soon as the next 10 days.Tamil Nadu’s blockchain and AI policies are expected to establish ground rules

Genesis Capital Crypto Lending Firm Reports $870M in New Originations in Q3

[ad_1] The institutional digital asset lending firm Genesis Capital released its Q3 report, which shows a growing demand for cash and stablecoin lending.On Oct. 30, Genesis Capital, a spin-off of over-the-counter cryptocurrency broker Genesis Global Trading, reported that the crypto lending firm saw a sustained growth in the lending business in the third quarter of 2019, where they added $870 million in new originations, breaking the previous record of $746

Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund

[ad_1] Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund.Bitcoin fund available to retail investors by end of yearIn an Oct. 30 press release, 3iQ announced that it had received a favorable ruling from the Ontario Securities Commission (OSC) in regard to its closed-end Bitcoin fund, which is expected to be available on a major Canadian stock exchange by

Big Name Announcements Will Not Save Your Blockchain Project

[ad_1] At the peak of the ICO bubble it was a common tactic for project promoters to use big name announcements to pump their tokens. Every day we would hear about a new venture that supposedly signed a partnership with a global brand such as Microsoft or Google, to make us think that these tech giants were backing the idea. In reality most of the time it was just a

Association of Prive German Banks Argues for Digital Euro

[ad_1] German banks have presented a position paper in which they make several arguments for the digital euro.On Oct. 30, in a paper released by the Association of German Banks (Bankenverband), which represents more than 200 private commercial banks and eleven member associations, banks stated that the “economy needs a programmable digital euro.”Monetary policy is the state’s responsibility, says BankenverbandThe paper states that the responsibility for the monetary system lies

Bitfinex Cries Fraud as Crypto Capital Executive Indicted by US

[ad_1] Over the past week, news broke detailing that Oz Yosef, an executive of the mysterious firm Crypto Capital, has been indicted by the United States for conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer service.The news came just days after Crypto Capital’s president, Ivan Manuel Molina Lee, was arrested by Polish authorities on suspicion of laundering roughly $350 million worth of funds from illegal

US Congressman to Introduce Bill Clarifying Digital Asset Issuance

[ad_1] United States Representative Tom Emmer (R-MN) intends to introduce new legislation to provide regulatory certainty for cryptocurrencies.On Oct. 24, Congressman Tom Emmer, who serves as the Ranking Member of the House Financial Services Committee's Task Force on financial technology, announced that he is introducing a new law that can provide a clear path to regulatory certainty for cryptocurrencies and other emerging technologies under securities law. The bill would allow companies

Five European Union Countries Team Up to Block Libra: Report

[ad_1] Five European Union member countries have reportedly teamed up to prevent the issuance of Facebook’s stablecoin Libra.Private meetings to turn EU against LibraFollowing a series of private meetings in October, France is reportedly leading the anti-Libra effort with Germany, Italy, Spain and the Netherlands, political news publication Politico Europe reports on Oct. 30.Citing sources familiar with the matter, Politico states that the countries’ deputy finance ministers have presented their

Mining Giant Bitmain Confidentially Files for U.S.-Based IPO

[ad_1] According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement of a facility in Texas with the capacity to house 300MW of hashpower. Also read: Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq Bitmain Secretly Files