Tag Archives: Cryptocurrencies

Report: Venezuela Converts Pension Bonuses into State-Issued Crypto Petro

Venezuela has automatically converted pensioners’ most recent monthly bonus into its national oil-backed cryptocurrency, the Petro (PTR), according to a report from English-language politics blog Caracas Chronicles Dec. 12. First launched as a pre-sale in February, the controversial Petro has been in circulation as one of Venezuela’s two official currencies as of August 20: the second being a… Read More »

Report: Court Ruling to Return Mistakenly Sent Cryptocurrency Could Set Precedent

A Dec. 12 Business Law Blog post from the University of Oxford Faculty of Law notes possible repercussions for lost and stolen crypto claims following a case in a Canadian trial court earlier this year. In the post, SAFE Frankfurt researcher Grygoriy Pustovit notes the case of Copytrack Pte Ltd v Wall. The superior trial court of British… Read More »

Crypto Markets See Modest Gains, Bitcoin Rises Above $3,400

Wednesday, Dec. 12: Cryptocurrency markets have seen moderate gains on the day, with all top 20 coins by market capitalization in the green, according to Cointelegraph’s Coin360. Market visualization from Coin360 Bitcoin (BTC) began the day around $3,414, subsequently reaching its intraday high of $3,534. At press time, the major coin is trading at $3,499, up 2.21 percent… Read More »

Canadian Court Rules to Return Mistakenly Sent Ethereum to Rightful Owner

A Canadian court has decided that a sum of mistakenly transferred cryptocurrency should be returned to its rightful owner, according to a report from the University of Oxford Faculty of Law published Dec. 12. A superior trial court of British Columbia found that Ethereum (ETH) tokens, which were mistakenly sent by the plaintiff, blockchain startup Copytrack, to the… Read More »

Russian Deputy Prime Minister: Draft Crypto Legislation Won’t Be ‘Significantly’ Edited

Maxim Akimov, the deputy prime minister of Russia, announced that the authors of Russia’s draft cryptocurrency legislation were not planning on making any changes to the bill. His statement was reported by Russian information agency Finmarket, which specializing on the financial and commodity markets, on Dec. 11. The bill “On Digital Financial Assets” — approved by Russia’s parliament,… Read More »

Germany’s Second Largest Stock Exchange, SolarisBank Partner to Launch Crypto Exchange

SolarisBank and Stuttgart Exchange Group are jointly developing infrastructure for a cryptocurrency exchange, Cointelegraph Germany reports Dec. 12. The Stuttgart Exchange, founded in 1860, is the second largest stock exchange in Germany and the ninth largest in Europe. SolarisBank, on the other hand, is a German fintech company established in 2015 that holds a banking license and offers… Read More »

Allianz Global Investors CEO Says Crypto Assets Should Be ‘Outlawed’

The CEO of Allianz Global Investors (GI), an investment management firm with €524 billion ($595 billion) in assets under management, has called for crypto assets to be “outlawed,” Reuters reported Dec. 11. Allianz GI CEO Andreas Utermann is said to have made his remarks during a panel in London on Tuesday, seated alongside the head of the United… Read More »

New Zealand: Financial Authority Blacklists Another Three Crypto Platforms Marked as ‘Suspected Scams’

New Zealand’s Financial Markets Authority (FMA) has added three more crypto platforms to its blacklist that warns about scams, a release by the FMA reveals Wednesday, Dec. 12. OneLife Network Limited and its associated entity OneCoin Limited were added to the list because they “bear the characteristics of a scam” and promise unrealistic returns. Moreover, the FMA has… Read More »

SEC Chairman Expresses ‘Optimism’ About DLT Investment Opportunities in Senate Testimony

United States Securities and Exchange Commission (SEC) chairman Jay Clayton has said this week that he is “optimistic” that developments in distributed ledger technology (DLT) can “help facilitate capital formation.” Speaking as part of a testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs — published on the SEC website Dec. 11 — Clayton added… Read More »