Industry Watch 13 March, 2018

Nami | Daily Crypto News 13.03.2018

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The Bussiness Time: Japan’s embattled finance minister mulls skipping G-20 meeting: media

Japan’s finance minister is considering skipping a Group of 20 (G-20) finance leaders’ gathering in Buenos Aires next week, Japanese media reported, as a suspected cover-up of a cronyism scandal paralyses Parliament and puts his job on the line.

Forbes: Central Bank Cryptocurrencies Promising As Use Of Cash Disappears, Says Global Regulator Group

Potential cryptocurrencies and other forms of digital currencies issued by central banks show promise as the use of cash is “rapidly disappearing,” a report issued today by a consortium of global regulators, the Bank for International Settlements.

Wall Street Journal: Hacked Japanese Cryptocurrency Exchange Pays Back Customers

Coincheck spends $435 million to compensate customers who kept a digital currency called NEM at Coincheck.

Bloomberg: Ripple Loses Bid to Keep Its Cryptocurrency Fight in California

Litigation between the two developers arose after a partnership broke down, with Ripple claiming that R3 entered the arrangement on false pretenses, and R3 claiming that Ripple illegally declined to honor an agreement to hand over 5 billion of its cryptocurrency XRP.

Reuters: Thomson Reuters launches bitcoin sentiment gauge for crypto traders

Thomson Reuters Corp is to track and analyze chatter about bitcoin on hundreds of news and social media websites to help investors looking for an edge in trading the world’s biggest cryptocurrency, the company said on Monday.

Reuters: Thailand plans to draft a law to regulate cryptocurrencies – official

Thailand’s cabinet has agreed in principle that a law should be drafted for regulating digital assets, including cryptocurrencies and initial coin offerings, a government official said Tuesday.

Wall Street Journal: Another Exchange Jumps on Bitcoin Bandwagon

New York-based trueEX LLC on Monday announced plans to offer derivatives on bitcoin and other “digital assets.” That makes it at least the sixth U.S. trading venue to jump into cryptocurrency derivatives in recent months.

Bussiness Insider: A California asset manager has a cryptocurrency fund that’s up by 50% in 4 months

The passive fund managed by California-based Bitwise Asset Management is outpacing bitcoin. The fund is up more than 50% since its inception and now has more than 500 LPs.

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