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Indian Cryptic Subhash Chandra Garg Sceptic About Cryptocurrencies’ Survival
Notable Indian crypto critic Subhash Chandra Garg has published a report in which he claims that cryptocurrencies won’t survive as more currencies go digital. In the report, Garg has highlighted major flaws in Bitcoin, hinting that the coin’s volatility was a major deterrent to its acceptance as a global currency.
China’s National Intellectual Property Administration (NIPA) will continue formulating procedures for patent applications, which could be effective from February 1. NIPA had announced a set of guidelines at the end of December as the new patent application system for emerging innovation in blockchain, artificial intelligence, business rules and methodology as well as big data.
Hong Kong Institute of Bankers has brought on board at least six virtual banks as its corporate members. The latest banks to join HKIB include Airstar Bank Limited, Fusion Bank Limited, Ping An OneConnect Bank (Hong Kong) Limited, WeLab Bank Limited and SC Digital Solutions Limited.
Micree Zhan Ketuan, the co-founder of the largest manufacturer of Bitcoin machines, has filed a legal suit in the Cayman Islands court against his ouster. In a unanimous decision made by the board members in November, Zhan was robbed of his voting rights in important decisions concerning the company.
In an interview with Bloomberg, Antoni Trenchev, the CEO of blockchain platform Nexo, claimed that Bitcoin could hit $50,000 IN 2020. He also likened Bitcoin’s ascent to German hyperinflation after the first world war.
The U.S. Securities and Exchange Commission has filed a request with the court to compel Telegram to reveal how it spent the $1.7 billion that it had raised in its 2017 ICO. The encrypted web chat service has been reluctant in sharing the details about the funds that it had raised through its ICO.
Two days after it had warned some of its users to reset their account passwords, crypto exchange Poloniex has now denied claims of any data security breach on its platform. The crypto exchange had mailed some of its customers after a tweet went viral containing a list of e-mail addresses and passwords, with claims that they originated from Poloniex.
Venezuela’s hyperinflation and the continuous decline of its national currency bolivar have forced many in the country to turn to US Dollar. However, as Venezuelan banks don’t provide foreign currency accounts, Venezuelans find themselves constrained to store the US Dollar at their homes.
The recent flare-up in tensions between the USA and Iran seems to have had its impact on Bitcoin’s price too. At the time of reporting, Iran-based Bitcoin sellers were selling one Bitcoin for a billion Iranian rials or $24,000.
After a week’s ban on Google Play, Ethereum-powered dApp platform and crypto wallet, Metamask, is back on the largest internet search engine. Google had halted Ethereum operations on Google Play during the last week of December 2019.
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Gath3r on Coineal Launchpad
Nitro platform token on p2pb2b Launchpad
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PAC Global 53.48%
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