- IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech
The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reported. According to the newspaper, the asset called “Learning Coin” will be accessible only within the IMF and World Bank. The coin has no money value and thus is not a real cryptocurrency, the FT underlines.
[Source: Cointelegraph] ✩✩✩✩✩
2. New Law Allows French Insurance Markets To Invest Into Cryptocurrencies And Token Assets
Recently, the French government passed a Pacte Law that will allow life insurance companies to invest in cryptocurrencies. The Plan d’Action pour la Croissance et la Transformation des Entreprises (PACTE — Action Plan for Business Growth and Transformation) is a new step in France’s economic transformation. From creation to transfer, companies are overburdened with obligations that complicate every step of their development. The PACTE will remove such obstacles, simplifying business creation and easing obligations concerning workforce thresholds.
[Source: Bitcoinexchangeguide] ✩✩✩✩
3. Japan’s Biggest Bank Confirms Launch of Digital Currency ‘Coin’ in 2019
Following months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency. Japan Times reports that Group President, Mike Kanetsugu revealed this week that the firm intends to rollout Coin before the end of 2019.
[Source: CCN] ✩✩✩✩
4. Bloomberg: SEC Required Two ETF Funds to Take Blockchain Off Their Tickers
The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg wrote. The exchange-traded funds (ETFs) of both Amplify and Reality Shares reportedly mentioned blockchain in early filings. Per Bloomberg’s unarmed interlocutors, the two funds were encouraged to change their names at the last minute in 2018.
[Source: Cointelegraph] ✩✩✩✩
5. Indian IT Giant Tech Mahindra to Use Samsung’s Nexledger Blockchain: Local Media
Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14. SDS, the systems integration arm of Korean tech behemoth Samsung, allegedly plans to expand the use of its Nexledger blockchain platform in India, the United States and Europe. As per the agreement, the two companies will reportedly seek more business opportunities in the region. Moreover, Samsung SDS will cooperate with Tech Mahindra on further Nexledger updates.
[Source: Cointelegraph] ✩✩✩✩
6. ether accused of minting almost $400 million in uncollateralized UDST to prop up bitcoin
Tether, the largest stablecoin by market capitalization, has issued over $300 million in USDT during the last week. The sudden increase in supply has resulted in accusations that Tether is, once again, engaging in market manipulation and that its stablecoin is still unbacked by dollar reserves.
[Source: Cryptoslate] ✩✩✩
7. LA Times begins accepting crypto tips as a verified Brave Browser publisher
The Los Angeles Times, the fourth-most circulated newspaper in the US, recently signed-up as a verified Brave Browser publisher. The publication will now start receiving tips and recurring contributions in Basic Attention Token.
[Source: Cryptoslate] ✩✩✩
8. Indian Banks Consider Promoting Blockchain Tech Use for Payments
The National Payments Corporation of India (NPCI) is considering implementing blockchain technology to increase the strength of digital transactions, Indian business magazine Business Today reports on April 14. The initiative of ten banks, under the aegis of the Indian Banks’ Association (IBA), aims to improve the NPCI by implementing distributed ledger technology, the publication underlines.
[Source: Cointelegraph] ✩✩✩
9. UBER IPO: CRYPTOCURRENCY WILL BE A ‘HUGE BENEFICIARY’
Uber Technologies Inc. expects a valuation of about USD 100 billion when listed on the New York Stock Exchange. Large IPOs such as Uber’s and others could bring spectacular benefits to the crypto industry. At the same time, business solutions allowing Uber users to pay with Bitcoin are now moving to center stage.
[Source: Bitcoinist] ✩✩✩
10. U.S. Reps Tell IRS to Publish New Crypto Tax Guidelines
Since it has now become mandatory for digital assets traders to remit taxes, 21 members of the United States Congress, led by congressman Thomas Earl Emmer, have jointly sent a bipartisan letter to the United States Internal Revenue Service (IRS) urging it to publish new guidelines on crypto tax remittance.
[Source: Btcmanager] ✩✩✩
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