An official announcement was published on February 14th by the Chamber of Deputies which states that Bill 7363 was passed by lawmakers in Luxembourg to facilitate the use of blockchain technology in the financial sector. This new law will provide participants with more legal certainty and transparency in the financial…
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SEC blocks the startup of Reality Shares Global Currency ETF
The number of filings seeking the approval of exchange-traded funds by the United States Securities and Exchange Commission has been reduced by one. According to a letter issued by SEC officials earlier this week, the filing submitted by Reality Shares Global Currency ETF trust was ordered to be withdrawn, and…
CEO Suggests That Government Services Could Be Based on Cryptocurrencies
In a recent interview with MarketWatch, Patrick Byrne, the founder and CEO of Overstock.com and chairman of tZero, a subsidiary of Medici Ventures, predicted that the future of government services lay with blockchain, cryptocurrencies and their associated technologies. Byrne stated that such services are currently in crucial need of…
A Downturn in Digital Currency Values Affects Other Venture Products
On February 11, Jalak Jobanputra, who is a partner in Future Perfect Ventures, said that the current downturn in the digital currency market had dramatically affected venture capital valuations of companies operating in that space. She made the comments during an interview about the current state of the venture capital…
Here's An Update On The Latest Cryptocurrency News in 2019.
Here are the top cryptocurrency stories of the week: 1. Facebook Acquires Its First Blockchain Company Social media giant Facebook acquired its first blockchain company: Chainspace. Interestingly, Facebook did not buy any of the startup's technology. In what is called an "acquihire," Facebook hired 4 of…
Intercontinental Exchange To Debut "Bakkt", A Ditial Assets Platform
On February 7, Jeff Sprecher, who is the CEO of the Intercontinental Exchange, mentioned within the context of an earnings call that its digital assets platform called Bakkt will open sometime later this year. During the call, Sprecher provided financial results for the company's 4th quarter. He also…