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Blockchain Can Turn the Finance Industry Upside Down: Germany’s Finance Chief

Felix Hufeld, chief of the German Financial Supervisory Authority (BaFin), the government’s main financial agency, stated in a speech at a conference held in Berlin that blockchain technology has the potential to turn the traditional finance industry upside down. Optimistic Long-Term Vision Despite the recent correction of the cryptocurrency market and the drop in the values of major digital assets ...

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India’s RBI Eyeing Own Crypto Is Sign of Potential Ban Reversal, Says Ripple Chief

Ripple (XRP) is expecting a positive regulatory framework to be forthcoming from India’s Reserve Bank (RBI), according to a Times of India report published Friday, June 15. Dilip Rao, Ripple’s global head of infrastructure innovation, is quoted by the Times as saying that despite RBI’s imposition of controversial restrictions on all domestic banks dealing with crypto, the bank’s recent inquiry ...

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IMF Chief Says Global Economic Outlook is Worsening, Optimism Towards Cryptocurrency

The financial system is still under a lot of pressure. Since the financial crisis of 2008, very little has changed to alleviate existing concerns. IMF chief Christine Lagarde acknowledges the global economy is not in the best of places right now. Additionally, she remains optimistic about the future of various cryptocurrencies. The Global Economy is in Bad Shape The 2008 ...

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‘Toddlers Play in the Sandbox’: NYDFS Chief Defends BitLicense

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. New York’s controversial cryptocurrency regulatory framework — the BitLicense — is frequently criticized in industry circles as an example that regulators in other jurisdictions should not follow if they hope to encourage innovation in this burgeoning field. However, Maria T. Vullo, superintendent of the New York Department ...

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SEC Appoints New Crypto Chief to Advise on Digital Assets and ICOs

The U.S. Securities and Exchange Commission (SEC) has announced the appointment of its new cryptocurrency chief who will coordinate efforts across the SEC regarding securities laws. And the Job Goes To… Valerie Szczepanik has been named as the associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation. According to an announcement from the ...

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SEC Appoints New Crypto Chief

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The US Securities and Exchange Commission (SEC) already has a cryptocurrency task force, and now it’s designated a crypto advisor. The Wall Street regulator has named Valerie A. Szczepanik to spearhead the application of securities laws to “digital asset technology and innovation” across cryptocurrencies and initial coin offerings ...

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Asian Crypto Exchange Rivalry Heats Up as OKEx Chief Moves to Huobi

According to reports Chris Lee, the former CEO of the world’s largest crypto currency exchange, OKEx, has joined arch rivals Huobi. He takes the position of vice president of global development, responsible for heading the group’s global mergers and acquisitions strategy in addition to supervising international development. High Turnover, Internal Differences Lee will be taking the Singapore headquartered exchange towards ...

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BitMEX Chief Predicts Bitcoin Price to Hit $50,000 in 2018

Join our community of 10 000 traders on Hacked.com for just $39 per month. There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs. Arthur Hayes, the co-founder and CEO of Seychelles-based BitMEX, the bitcoin mercantile exchange, has a bullish prediction for the ...

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Nasdaq Chief Executive Offers a Rare Bullish Outlook on Bitcoin

The Bitcoin price will always subject to a lot of speculation. Some people expect big things, whereas others are convinced BTC will not stick around for that long. Nasdaq chief executive Adena Friedman is extremely bullish when it comes to the world’s leading cryptocurrency. In fact, Friedman is confident Bitcoin is the “next step in the space of currency”. Can ...

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