Report

When whales hold Bitcoin, BTC’s circulation plummets which can enfeeble a bullish trajectory. The new report on cryptocurrency found out that under 20% of Bitcoin’s (BTC) total supply was moved for trading purposes.

An American involved in a $722 million cryptocurrency scam was arrested in Jakarta, Indonesia, Southeast Asia, for sex crimes and child molestation.

It has been argued that central bank digital currencies (CBDC) could threaten the existence of commercial banks by eliminating deposits that are the source of loans.

A new report by Financial Services and the Treasury Bureau has revealed that Blockchain has grown more and faster than any other technologies in Hong Kong’s fintech ecosystem in the financial year 2019, with most of its applications directed towards enterprise solutions and cryptocurrency trading platforms.

Although pilot tests for the digital Yuan have been launched and are happening progressively across four large Chinese cities, the governor of the Chinese Central Bank in a recent report by Xinhua news claimed no official date had been set for the launch of the long-awaited project.

The market for identity authentication management using blockchain and distributed ledger technology (DLT) is likely to grow to around $11.46 bln by the year 2026 – just six years from today.

As stablecoins gain momentum all over the world, financial regulators and banks insist that a flawless regulatory structure be prepared before approving global stablecoins, alluding to risks and gaps in the existing guidelines. Stablecoins need to prepare for preemptive regulations.

Recently, fake rumours spread that Harry and Meghan are becoming financially independent, and trading platform “Bitcoin Evolution” is helping them to achieve it. This scam adds on to other fraudulent activities that already took place during COVID-19.

Let’s analyze the objective and most interesting legal issues in the field of blockchain technology, particularly smart contracts, based on a report dubbed "Smart contracts: A legal analysis", published by the Blockchain & Distributed Ledger Observatory of the Politecnico di Milano. Also, the responsible authorities in Italy will discuss this report on Friday 17, 2020.