Financial Stability Board Presents Report on Framework for Monitoring Crypto Markets

The Financial Stability Board (FSB) has presented a report to the G20 Finance Ministers and Central Bank Governors on the FSB’s work monitoring crypto-asset markets, according to an announcement published July 16. The FSB in an international agency which oversees and prepares recommendations regarding the global financial system. The agency also promotes international financial stability by coordinating national financial authorities and standard-setting bodies to develop regulatory and supervisory financial sector policies. According to the announcement, the FSB has been working in collaboration with the Committee on Payments and Market Infrastructures…

Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities

Cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported July 16. A Coinbase representative told Bloomberg that the SEC and FINRA have authorized the exchange to acquire security dealers Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. The deal will allow Coinbase to extend its offerings with security tokens and to operate as a broker dealer, an alternative trading system, and a…

BitPay Receives BitLicense from New York Department of Financial Services

Global crypto payments processor BitPay has been granted a BitLicense by New York сtate’s financial regulator, according to a press release shared with Cointelegraph July 16. The recently acquired virtual currency license from New York’s Department of Financial Services (NYDFS) will allow BitPay to do business with customers and companies based in the state. Additionally, New York-based business will be able to use BitPay to accept Bitcoin (BTC) and Bitcoin Cash (BCH) for purchases from users worldwide. NYDFS, which governs rules for virtual currency business activity, examined BitPay’s level of…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 16

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. When a new asset class resists even after facing numerous hurdles, it forces the asset managers to pay attention and recognize it. We have seen JP Morgan, Goldman Sachs and a few others have already walked down that path. The latest to consider investing…

Korean Internet Agency to Develop Blockchain Platform With Housing Finance Corporation

The Korea Internet & Security Agency (KISA) and the Korea Housing Finance Corporation (HF) have signed a memorandum of understanding (MOU) to develop a blockchain-based storage system for documents, Korean news agency Newsis reports July 16. KISA and HF will introduce a blockchain system to manage electronic documents for mortgages and loans. KISA will provide HF with consulting and technology for building and operating the new system. HF, which provides housing finance services for low and middle-income families, will digitize paper documents and migrate them onto an online registered documents…

China’s IT Ministry Says Blockchain Should Be Developed on Industrial Scale

The deputy director of China’s Ministry of Industry and Information Technology (MIIT) has urged the country to “unite” forces to foster blockchain as a “core” technology for the new digital economy, according to a post on MIIT’s official website today, July 16. Speaking at the 2018 National Expert Forum on Manufacturing Powerful Countries, the Ministry’s deputy director Xin Guobin said that the “important role” of blockchain should be “grasped from a strategic perspective”: “[Blockchain] can make up for the deficienc[ies] of traditional credit system, prevent information tampering and forgery, and…

Bitcoin’s Road Back to $7K (And the Chart Hurdles In the Way)

Having defended $6,000 last week, bitcoin (BTC) appears to be building momentum for a price rise, but nearby technical hurdles still present a formidable challenge. At press time, the world’s most valuable cryptocurrency is changing hands at $6,689 on Bitfinex and looks to be gaining steam for another test of $6,838. As such, the level is shaping up to be a make-or-break mark, one that could reveal if a classic trend reversal pattern, known as the inverse head-and-shoulders neckline, will take effect. Indeed, a close above that level would amount…

Global Investment Association CFA’s 2019 Exam Includes Crypto, Blockchain Topics

The world-renowned Chartered Financial Analyst (CFA) examination has added cryptocurrency and blockchain to its curriculum, Bloomberg reports today, July 16. The exam, run by the CFA institute, has reportedly prepared over 150,000 financial sector professionals through its intensive 3-tiered program, which is now set to include crypto and blockchain as part of its Level I and II curricula. According to Bloomberg, CFA said that a “surging interest” across surveys and focus groups was behind its decision. Stephen Horan, managing director for general education and curriculum at the CFA Institute in…

2019 CFA Exam Adds Crypto and Blockchain Topics

2019 CFA exam: “We saw the field advancing more quickly than other fields,” says Stephen Horan, the GE managing director at the CFA Insitute. “This is not a passing fad.” CFA Institute is one of the world’s most famous nonprofits, focusing on investment professionals specifically, and offering various certifications in the field, like the Investment Foundations Certificate. It offers a three-level program, which covers a range of topics, from machine learning to artificial intelligence. Some 150,000 financial professionals have received training through this program. Since the crypto industry continues to garner mainstream attention, the Virginia-based…

The Dangers of Perceived Anonymity: Russian Hackers’ Bitcoin Trail

The cryptocurrencies’ potential to facilitate money laundering and financing illicit activities has long informed Bitcoin-insecure politicians’ hawkish postures on crypto regulation. With the release by the Department of Justice (DoJ) of an indictment of twelve Russian intelligence officers last Friday, which includes a count of an alleged conspiracy to launder money ‘through cryptocurrencies such as Bitcoin,’ statesmen of this bent have procured a powerful supplement to their rhetorical toolkit – a formally recorded instance of a Bitcoin-backed interference into a vital sector of domestic affairs. The only consideration that makes…