Author: Fintech Crypto News

The RBI is backed by Indian Supreme Court; Hearing Moved To July 2018

The Indian government has thrown the Indian Crypto market into further speculation and mystery. After a fifth petition was filed against the RBI, the Supreme court has banned any other petitions against the circular. The RBI circular was issued on the 6th of April, and barred banks from entering into any new relationships with individuals or entities dealing with cryptocurrencies. After the first petition that was filed by Mumbai company Kali Digital, and was signed by thousands of Indian crypto investors, more petitions were filed across various high courts in the country. The petition was filed on the ground...

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JPMorgan Creates and Fills New Position of Head of Crypto Assets Strategy

J.P. Morgan Chase, the top US banking group and financial services firm created and filled a new post of Head of crypto-assets strategy. Oliver Harris, 29 and from London, will fill the new role and he will report to the head of blockchain development, Umar Farooq.  Harris will also lead Quorum, J.P. Morgan’s internal blockchain team. Quorum began testing within J.P. Morgan Chase and National Bank of Canada not long back. Harris will also identify and lead new cryptocurrency projects for the bank, and will not actually trade in cryptocurrencies. The bank has experimented with blockchain technology to solve...

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Goldman Sachs, Investment Bank Giant, Launches A New Cryptocurrency

Goldman Sachs, the international investment bank and financial services company, announced yesterday that they are releasing Circle USD Coin, a new cryptocurrency. The cryptocurrency is launched by Circle, a payment startup owned by Goldman Sachs. As a digital version of the US Dollar, the USD Coin will have major implications on trading. Circle USD Coin is also the very first cryptocurrency owned by a well-known financial institution. Many people wonder how the Circle USD fits in with a network that is supposed to be decentralized and out of government control. However, Goldman Sachs state that they intend to bring...

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Cryptocurrency Value Increases After Consensus Conference

Bitcoin has recovered from the recent price dip, thanks to the Consensus conference held this month. Within 24 hours of the conference, the value of Bitcoin rose by 5 percent. CoinDesk’s fourth annual Consensus conference was held in New York this May. In the past three years after this blockchain technology conference, a surge in price was noticed as well. The repetition aided analysts to predict the rise earlier this week. Tom Lee, head of research at Fundstrat Global Advisors said – “We expect the Consensus rally to be even larger than past years. In general, we see 2018...

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The New York 2018 Cryptocurrency Conference Gains Monumental Popularity

CoinDesk’s Consensus conference draws 8,500 attendees this year. The ticket sales alone raised $17 million dollars! A ticket to the cryptocurrency conference on Bitcoin and blockchain technology costs $2,000. The three day conference started on Monday at New York Hilton Midtown. The overwhelming popularity of this year’s Consensus conference is attributed to the cryptocurrency surge that took place in the latter half of 2017. Ronnie Moas, head of independent market research firm Standpoint Research was heard saying – “It is a bit chaotic in here. I think they sold too many tickets…Everyone is here. A lot of the top...

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