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Cryptoknowmics News Headlines for 22 January 2020
1. U.S SEC Approves Grayscale Bitcoin Trust as a Reporting Company
Leading digital currency asset manager, Grayscale announced that its Bitcoin Trust (GBTC) has been officially approved as a United States Securities and Exchange Commission (SEC) reporting company.
2. Martin Lewis Warns Users Over Bitcoin Scam
Martin Lewis, the founder of MoneySavingExpert.com, took to Twitter to warn social media users of a scam email that is currently doing the rounds in people’s emails. The email endorses Bitcoin trading by using the names of celebrities to push certain Bitcoin schemes to other users.
3. Bank of England Plans on Exploring Digital Currencies Potential
The Bank of England in an announcement on Tuesday said that it had formed a group consisting of the Bank of Japan and the European Central Bank and will team up with the Bank for International Settlements (BIS) to explore and figure out the potential of digital currencies backed by Central Banks.
4. Swiss Government Adopts a Softer Tone on Libra
The Swiss Government has adopted a somewhat reconciliatory approach toward the Facebook-led Libra project. The softened tone has come weeks after the ex-President of the country had called it a failure.
5. UK's Tax Agency is Developing a $130,000 Tool to Fight Crypto Criminal Acts
HM Revenue and Customs (HMRC), the UK non-ministerial department responsible for tax collection, is reportedly willing to commit $130,000 (£100,000) in a year, to develop a "cryptoanalysis" tool that could help it detect criminal activities in crypto.
6.American Government All Set To Welcome XRP's Ripple
During the 2020 WEF in Davos, Steven Mnuchin, the US treasury secretary announced that the US government embraced Ripple and welcomed cross-border payment startups that allow cheaper transactions both for business and retail customers.
7. Monerium to issue e-money on Algorand's blockchain protocol
Algorand, the world’s first pure proof-of-stake blockchain protocol and Monerium, the first authorised company to issue e-money on blockchains, has announced a partnership in order to support the new Algorand protocol using the Monerium’s e-money.
8. Budweiser Develops Blockchain System to Support Local Farmers Improve Operations
The owner of the famous Budweiser beer, AB InBev, announced today, it has developed a blockchain-based system to help its farmers improve transparency in the supply chain of raw material.
9. RBI Admits There is No Bitcoin Ban in India in an RTI Response
IAMAI filed an RTI query asking whether Bitcoin and other cryptocurrencies are banned in India. RBI has responded to the RTI clearing that there is no ban imposed on cryptocurrencies, and only regulated entities like bank were asked to restrict their service owing to the security concerns surrounding digital assets.