Bitcoin [BTC] and other cryptocurrencies don’t pose a risk but it is important to be vigilant, says FCA Board member

Speaking at the Regulation of Cryptocurrencies event, London, Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority [FCA], identified the major risks associated with crypto assets, and outlined the options to tackle the threats. Following significant adoption increase in recent years, the Taskforce has brought together Her Majesty’s Treasury [HMT], the…

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BIS Adds Bank of Korea Governor Juyeol Lee to its Board of Directors

The Bank for International Settlements (BIS) announced today that it has added Bank of Korea Governor Juyeol Lee to its Board of Directors. His three-year term will come into effect in January of next year. At BIS, an elected Director is initially appointed to serve a three-year term which can be renewed. His appointment is…

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Goldman Sachs Memo Reveals Further Leadership Changes

Goldman Sachs has made another big change to its leadership team ahead of David Solomon, the incoming Chief Executive Officer, coming in to take charge of the multinational investment bank.   According to an internal memo seen by Reuters, Tim O’Neill has been named as vice-chairman. O’Neil has been with Goldman Sachs since 1985. Five…

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Securities and Exchange Board of India: Officials sent overseas to study cryptocurrency

Recently, the Securities and Exchange Board of India [SEBI] released its Annual report for the year 2017-2018. SEBI began as a non-statutory body in the year 1988. Currently, it is the most important statutory regulatory body in the country. SEBI received its statutory powers on January 30, 1992, after the Parliament of India passed the SEBI…

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FINRA Elects Three Governors to its Board

The Financial Industry Regulatory Authority (FINRA) announced on Tuesday that three Governors had been elected to its Board of Governors. This includes the re-election of Brian Kovack, Co-Founder & President of Kovack Securities, Inc., who was first elected to the Board in 2015. The other two governors are Timothy Scheve, the CEO of Janney Montgomery…

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SEC Postpones Deliberations on NYSE Arca Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) has delayed deliberations on five bitcoin exchange traded funds (ETFs) that were filed with the SEC by NYSE Arca, Inc. Also Read: PR Specialists in the Russian Crypto Space Paid 10x the Average Salary SEC Consideration of NYSE Arca Bitcoin ETFs Postponed The SEC has announced that will…

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Skynet gets Samsung officials on board, a ‘Terminator’ twist that will benefit humanity

On 16th July, the Skynet Open Network announced that the Samsung board of directors has joined the blockchain assisted neutral network. This news takes the already prominent roster of people associated with the company to new levels. The Skynet workforce consists of executives from Alibaba, Berkley, Qualcomm and Google with a lot more people set…

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Blockchain-Based Fantasy Sports Platform MyDFS Raises US$1M; Ex-Facebook Exec Joins Advisory Board

MyDFS, a blockchain-based daily fantasy sports platform, has raised US$1 million from LD Capital and added former Facebook and Skype executive Akin Babayigit into its advisory board, the startup announced on Thursday. Babayigit will help MyDFS with the upcoming global launch of its app. MyDFS said the new funding will be used to improve the…

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