• G20 Leaders Declare Commitment To Regulate Crypto Assets

    07 Dec 2018
      G20 Leaders Declare Commitment to Regulate Crypto Assets While some countries have taken the lead to regulating various aspects of using cryptocurrencies, many have left the matter completely up in the air. This might soon change as pressure is mounting on governments to develop standards for crypto regulations, as evident by the latest G20 meeting of top politicians from around the world. Mitigating Risks of Technology The G20 Leaders’ Summit in Buenos Aires, Argentina, ended on Saturday, Dec. 1, with a joint declaration on fair and sustainable development adopted by the heads of state. The statement affirms that an open financial system is crucial to support economic growth but also calls for international standards to regulate new technologies such as cryptocurrency. “We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system; and, through continued regulatory and supervisory cooperation, addres... Explained here

  • Thai Crypto Exchange Satang Plans To Raise $10 Million In Security Token Offering

    07 Dec 2018
    Thai Crypto Exchange Satang Plans to Raise $10 Million in Security Token Offering   Thai cryptocurrency exchange Satang Corp. plans to raise nearly $10 million in a security token offering (STO), despite the recent market meltdown, Asia-focused business publication Nikkei Asian Review reported Dec. 4. Satang’s plans are reportedly supported by the Government of Thailand in a bid to make the country a blockchain center and develop a regulatory framework for digital currencies and blockchain. According to the exchange’s CEO Poramin Insom, the STO will be conducted in the first quarter of 2019. Satang reportedly plans to use the $9.9 million it raises to develop an e-wallet that enables users to make payments, as well as establish Satang Shops in tourist centers like Phuket and Pattaya. STOs in Thailand currency operate in a regulatory grey-zone, as the new financial product straddles two different regulator... Explained here

  • Facebook Will Build ‘most-used Product In Crypto’: Morgan Creek

    07 Dec 2018
    Facebook Will Build ‘Most-Used Product in Crypto’: Morgan Creek Morgan Creek’s Anthony Pompliano has declared that, contrary to the expectations of some in the blockchain space, Facebook will eventually build the “most used product in crypto.” Responding to a tweet by The Block founder Mike Dudas inferring that Facebook is hiring blockchain engineers without a clearly defined role or purpose for them, Pompliano stated that based on Facebook’s track record of development, scaling, and deployment, he expects that it is only a matter of time before the company will rise to dominate the cryptocurrency space. Skeptical Voices It will be recalled that, in August, CCN reported that Facebook sources hinted that the social media behemoth might be planning to build a cryptocurrency project on the Stellar network as its mysterious blockchain division’s first assignment. While Facebook flatly denied these reports, it still remains unclea... Explained here