Hot Topics

Advertisement

Advertisement

BitConnect Promoter Finally Charged in Australia Over ‘Crypto Lending Platform Ponzi Scheme’

On November 17, the Australian Securities and Investment Commission (ASIC) announced that John Louis Anthony Bigatton, former BitConnect Australian national promoter, has finally been charged. The financial watchdog claimed that Bigatton promoted BitConnect cryptocurrency platform before the crypto exchange collapsed in 2018. ASIC said that Bigatton ran an unregistered investment scheme identified as the BitConnect Lending Platform in Australia. The regulator also alleged that Bigatton offered unlicensed financial advisory services. Moreover, ASIC stated that Bigatton conducted seminars at different locations in Australia during which he made misleading or false information aimed to attract investors to get interested in or apply...

Read More

Galaxy Digital Obtains Approval to Launch new Bitcoin Fund in Canada

Galaxy Digital merchant banking institution has obtained legal approval from Canadian securities regulators to launch a Bitcoin Fund (recognized as CI Galaxy Bitcoin Fund) in Canada.  Galaxy Digital has formed a partnership deal with CI Global Asset Management, Canadian investment firm, to facilitate such a launch of a public Bitcoin Fund in the nation. CI Galaxy Bitcoin Fund aims to give Canadian unitholders (investors of any entity including partnership, company, and others) the ability to invest in Bitcoins directly using the fund’s holdings. As part of the initiative, CI Global Asset Management has obtained legal clearance from the Canadian Securities...

Read More

Radix Raises the DeFi Stakes with Multiplying Liquidity Rewards

Decentralized finance, otherwise known as DeFi, has been making headline news in cryptocurrency for much of 2020. Seduced by the promise of triple or even quadruple-digit returns, investors and speculators have been pouring their digital assets into DeFi protocols for most of this year, increasing the market’s value by nearly twenty times since January.  Liquidity mining is just one of the new buzzwords that this burgeoning space has introduced to the crypto lexicon. It has emerged as a massively popular way for projects to ensure that their tokens have liquidity on decentralized exchanges such as Uniswap, which allows swaps between...

Read More

Why Japan will need more time to develop its own CBDC according to a former BOJ executive

Quick take 1 minute read Hiromi Yamaoka has recently said that the country is going to need a few years before it will be able to issue its own central-bank digital currency. Speaking in an interview, the former head explained that the Japanese bank is worried that having a centralised digital currency could have an impact on the massive outflows from private bank deposits. The former head of the payment and settlement system department at the bank of Japan, Hiromi Yamaoka has recently said that the country is going to need a few years before it will be able to...

Read More

As bitcoin rises, CZ believes that the DeFi industry is here to stay

Quick take 1 minute read Despite showing signs of a bubble, CZ believes DeFi is here to stay. The industry has seemingly been growing significantly despite its coin taking over the headlines. The chief executive officer of one of the biggest platforms in the industry, CZ has recently said that decentralised finance, otherwise known as DeFi, is here to stay despite many projects in the industry showing signs of being a bubble. Speaking in an interview earlier this week on the 17th of November with the Russian news agency RBC, the CEO argued: “a lot of DeFi projects are already...

Read More