Halifax judge Michael Wood provides Canadian cryptocurrency Quadriga temporarry relief from creditor lawsuits

Gerald Cotten, 30, died in India from complications from from Crohn’s disease. He was the only person who knew the passwords to Quadriga’s digital wallets which contained $137.13 million worth of cryptocurrencies, shows court filings. As a stop solution, Halifax judge Michael Wood has ordered a 30-day stay on filing claims against Quadriga, a Canadian…

HSBC settled forex trades worth $250 billion in 2018

The development marks Blockchain’s technology’s growing traction in the financial industry. In a development that marks Blockchain’s growing traction in the asset management industry, HSBC stated it had settled forex trades worth $250 billion (£194.15 billion) using blockchain in 2018. The development assumes significance since until now this sector had hesitations on embracing blockchain technology.…

Japan’s Financial Services Agency grants cryptocurrency industry self-regulatory status

Following hacker attacks which left crypto exchanges shorter by millions of dollars earlier this year, Japan intends to nurture growth while ensuring strict regulatory compliance for the cryptocurrency industry. On Wednesday, Japanese watchdog Financial Services Agency (FSA) stated, it has given the country’s cryptocurrency industry a self-regulatory status. As a result Japan Virtual Currency Exchange…

Swiss-startup SEBA Crypto AG raises $103 million in latest funding round

SEBA Crypto AG aims to be the bridge between new age financial instruments and traditional institutions. It wants to build a bank that will offer cryptocurrency services to companies and investors while at the same time extend traditional banking services to firms. In an interesting development, SEBA Crypto AG, a Swiss startup, has raised $103…

Virtual currency exchanges at risk of market manipulation: Report from NY Attorney General’s office

The report by NY Attorney General’s office is based on a study of several online platforms where virtual currencies, including bitcoins, are regularly traded. According to a report published by the New York Attorney General’s office, cryptocurrency exchanges are typically plagued by poor market surveillance, lack sufficient customer protections, and have pervasive conflicts of interest.…

Golden Gate Ventures launches $10 million fund for investments in blockchain and cryptocurrency technology startups

Backed by financial firms and wealthy individuals, venture capital funds have already partially replaced the role played by retail investors, thus cementing the role played by blockchain technology and cryptocurrencies in the coming future. On Friday, Singapore-based Golden Gate Ventures, a venture capital firm, stated it will launch a $10 million fund, called LuneX Ventures,…