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Digital Assets Market Update 12 August 2019

Digital Assets Market Update 12 August 2019

Latest news and updates from the digital assets market

Is Bitcoin a Safe Haven Asset? US-Iranian Tensions Ignite Old Debate

Is Bitcoin a Safe Haven Asset? US-Iranian Tensions Ignite Old Debate

Bitcoin’s price has improved significantly following the U.S. killing of top Iranian general Qassem Soleimani. As tensions escalate between the US and Iran, several crypto analysts have reconsidered the old debate on Bitcoin’s ability to function as a safe-haven asset similar to gold in times of geopolitical uncertainty.

Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand

Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand

Grayscale Investments LLC has announced plans to explore other digital assets.

Malaysia’s Securities Commission Legalizes Digital Asset and Crypto Trading

Malaysia’s Securities Commission Legalizes Digital Asset and Crypto Trading

Malaysia’s Securities Commission, which is responsible for overseeing compliance with Islamic laws in finance, has allowed trading of digital assets.

Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

The Securities and Exchange Commission (SEC) in Thailand has revealed plans to revise the royal decree on digital asset businesses in 2020 to boost digital assets’ growth, as well as shielding investors from avoidable risks.

China's DCEP Testing Limited to Small Retail Transactions for Now

China's DCEP Testing Limited to Small Retail Transactions for Now

The People’s Bank of China (PBOC) has affirmed that the testing of its CBDC project is concentrated only to small scale transactions for now.

Facebook to Launch Libra Cryptocurrency in January 2021, But in Limited Format

Facebook to Launch Libra Cryptocurrency in January 2021, But in Limited Format

According to a new developing story, Facebook expects to launch its Libra cryptocurrency in January next year, but in a limited format.

FUSANG Exchange Announces CCB $3 Billion Digital Bond Listing Suspended

FUSANG Exchange Announces CCB $3 Billion Digital Bond Listing Suspended

FUSANG exchange announced that the listing of the $3 billion digital bond backed by China Construction Bank has been suspended.

Ethereum Still Undervalued Says Winklevoss as ETH Price Rally Continues Above $1,550

Ethereum Still Undervalued Says Winklevoss as ETH Price Rally Continues Above $1,550

The Ethereum (ETH) price has again surged to a new all-time high of $1,550 but is still undervalued according to Gemini digital asset exchange founder Cameron Winklevoss.

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.

US SEC Releases Guidelines for Digital Asset Securities as Exchanges Scramble to Delist XRP

US SEC Releases Guidelines for Digital Asset Securities as Exchanges Scramble to Delist XRP

US Securities and Exchange Commission (SEC) has issued a statement to indicate that it is open to comment from the crypto industry regarding digital asset securities.

Former CoinDesk Editor-in-Chief Pete Rizzo Gets Hired by Kraken Digital Asset Exchange

Former CoinDesk Editor-in-Chief Pete Rizzo Gets Hired by Kraken Digital Asset Exchange

A report from Kraken Digital Asset Exchange, a cryptocurrency exchange firm based in San Francisco, informed that it has hired former CoinDesk journalist, Pete Rizzo who served as an Editor-in-chief in the news industry.

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