UK Lawmakers Call For Greater Oversight of Crypto Industry

UK Lawmakers Call For Greater Oversight of Crypto Industry A group of U.K. lawmakers has called for more oversight and regulation of the cryptocurrency industry in a new report published Wednesday. Arguing that “crypto-assets have no inherent value,” are “especially risky” for retail investors and are “particularly vulnerable to manipulation,” the report states that “the introduction of…

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Reuters: Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade

Reuters: Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade Brazil’s antitrust regulator is reportedly inspecting six major national banks for alleged monopolistic practices in the crypto space, Reuters reports September 18. Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE), which operates under the Ministry of Justice (MJ), has purportedly launched a probe on Tuesday to…

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German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies Germany’s Finance Minister Olaf Scholz doubts that cryptocurrencies can currently replace traditional fiat currencies, Cointelegraph auf Deutsch reportstoday, September, 18. “I would doubt today, whether it has a perspective as a currency model, ” saidScholz at a “citizens dialogue” at the German-Dutch Army Corps in Münster. Scholz compared cryptocurrencies…

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Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month

Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange next month, local news outlet Yonhap News reports September 19. According to Yonhap, Dunamu already set up a branch in Singapore this February as part of its active push to expand…

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Ripple Price Analysis: XRP/USD Primed for More Gains

Ripple Price Analysis: XRP/USD Primed for More Gains Key Highlights Ripple price made a sharp upside move and traded above the $0.3000 resistance against the US dollar. There is a short term contracting triangle forming with resistance at $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely…

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Developer Completes “Proof-of-Life” Off-Grid Crypto Transaction Primed for Post-Apocalypse

Developer Completes “Proof-of-Life” Off-Grid Crypto Transaction Primed for Post-Apocalypse A developer known as “Daniel Jones” on Twitter claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain, The Next Web reports Tuesday, September 18. The project was reportedly devised in response to the CallForCode challenge, which challenges tech innovators to improvise with existing…

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