Digital currencies are not yet ripe for consumer adoption: Federal Reserve Governor Lael Brainard

Listing out the serious challenges posed by digital currencies, Federal Reserve Governor Lael Brainard opined blochain technology, the underlying technology that powers them, could be harnessed for facilitating and easing bank-to-bank transactions, as well as for payments in financial markets. In what is likely to be one of the Federal Reserve’s most detailed critiques of…

Thailand to issues rules surrounding cryptocurrencies by June 30, 2018

Investors and operators of digital currencies who want to do transactions with digital currencies will have to register with Thailand’s SEC, the sole authority for regulating digital assets, within 90 days. On Tuesday, Thailand’s Securities and Exchange Commission’s chief stated it expects to issue regulations on cryptocurrencies and initial coin offerings (ICO) by the end…

Under investor pressure, Hyundai Mobis to meet Elliott Management next week

In the wake of corruption scandal revolving around the Samsung Group Hyundai Mobis has come under investor and government pressure; investors have also criticised the conglomerate of stripping Mobis of valuable assets and favoring the controlling Chung family at the expense of shareholders. As per two sources familiar with the matter at hand, Hyundai Mobis…

Japan’s Coincheck Inc to repay investors, resume trading on selected cryptocurrencies

Investors who lost out due to the $530 million heist, will now be reimbursed. On Thursday, Japanese cryptocurrency exchange Coincheck Inc, stated from next week, it plans on reimbursing lost digital monies to investors who were affected by the $530 million heist. Coincheck also stated, it plans on resuming services for some cryptocurrencies starting from…

Singapore’s central bank eyeing imposition of investor protection regulations for cryptocurrencies

Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…

CommonSense Robotics raises $20 million in early stage funding round

Its robots help shorten delivering time of groceries by retailers. CommonSense Robotics, an Israeli startup, whose technology enables retailers to provide fast affordable delivery services, stated it has raised $20 million in an early-stage investment round, bringing its total funding to $26 million. The latest funding round was led by Playground Global and included previous…

Cryptocurrency investors file lawsuit against Coincheck Inc

While Coincheck wants to resume trading once it can guarantee the secure resumption of its operations, investors want to withdraw their holdings so that they can continue trading on other cryptocurrency exchanges. On Thursday, cryptocurrency investors in Japan launched a lawsuit against Tokyo-based cryptocurrency exchange Coincheck Inc in efforts aimed at forcing it to allow…

Investors troop in on ETS that invest in bitcoin’s underlyig technology

Investors who are averse to investing in bitcoins have now the opportunity to tap the excitement surrounding the cryptocurrency by investing in ETS that invest on blockchain technology to cut costs. Investors looking to tap the excitement surrounding bitcoin technology are likely to get a new opportunity this week since from Wednesday, the shares they…

Swiss Cryptocurrency Tezos finds itself in legal quagmire

Not only digital currencies are alike. Here is an interesting legal case involving Sweden’s Tezos cryptocurrency project where investors were left with a bad after taste. According to sources familiar with the matter at hand, Arthur and Kathleen Breitman, the couple behind the embattled cryptocurrency Tezos wants the Tezos Foundation, a Swiss-based firm, to cover…