Novogratz believes that as the regulatory clarity is established in the crypto markets, it would witness huge institutional participation driving the crypto markets to new highs.
According to the SEC, any form of digital tokens which represent the value of the project are securities.
GMO Internet, an internet service firm based in Japan, has launched a digital currency mining rig known as GMO Miner B2which comes equipped with 7 nanometer chips.
Wall Street giants once again take a dig at Bitcoin asking the investor to remain cautious.
Getting a federal banking license will preempt the crypto exchange to undergo state-level regulatory checks every time.
The report mentions that the financial instability in the traditional market is causing people to shift towards digital currencies.
A Swiss bank known as Hypothekarbank Lenzburg has made history by becoming the first bank in the country to open accounts for crypto and blockchain startups.
The new OKEx ETF allows retail investors to trade shares of six different digital currencies on the OKEx platform against the USDT tokens.
The pilot saw the participation from seven different members from the consortium of banks.
Valerie Szczepanik has been appointed to take over a newly created “czar” position that will oversee the regulation of cryptocurrencies and ICOs.