Jaspreet Kalra

Blog Info CoinDesk
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Stats Has written 25 posts about cryptocurrency

Dec 31 2020

Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says

In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive.

Dec 29 2020

Opyn Upgrade Aims to Add Capital Efficiency and Liquidity to DeFi Options Market

Dec 29 2020 Published at CoinDesk under tags  business defi markets options opyn

Options marketplace Opyn is rolling out an upgrade that targets capital efficiency and liquidity in the decentralized financial options market.

Dec 21 2020

India’s State-Led Payment Network Is Growing. Now India Wants to Export It

India’s state-led payments system, United Payments Interface (UPI), was first rolled out in 2016 and is currently used by 175 million people.

Dec 15 2020

Ripple Board Lands JPMorgan Veteran and Regulatory Expert Sandie O’Connor

Dec 15 2020 Published at CoinDesk under tags  jp morgan news people policy & regulation ripple

The appointment comes as U.S.-based Ripple is openly contemplating relocating its headquarters to another country, citing lack of regulatory clarity.

Kadena Onboards Celo’s Dollar Stablecoin, Plots January Launch for Decentralized Exchange

Dec 15 2020 Published at CoinDesk under tags  dexs kadena news stablecoin

The hybrid blockchain maker said it is collaborating with fintech firm Celo to on-board its stablecoin, cUSD, to Kadena’s platform using a trustless bridge.

Dec 09 2020

Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme

Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.

Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

Dec 09 2020 Published at CoinDesk under tags  banking china diem digital euro news

A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.

India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart

Dec 09 2020 Published at CoinDesk under tags  digital payments google india news walmart

A shared payments infrastructure initiated by the state and joined by major Indian banks, the United Payments Interface (UPI) accounted for over 2.2 billion transactions in November.

Dec 07 2020

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister

Dec 07 2020 Published at CoinDesk under tags  diem europe germany libra news

German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.

Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

Dec 04 2020

Binance Expects to Earn From $800M to $1B This Year, CEO Says: Report

Dec 04 2020 Published at CoinDesk under tags  binance changpeng zhao news people

That's up from about $570 million in 2019.

Dec 03 2020

Bitcoin a ‘Potential Store of Value’ That’s Very Volatile: Fidelity Digital Assets Head

Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets.

Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says

Dec 03 2020 Published at CoinDesk under tags  bis cbdcs dlt news swiss national bank

A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.

Nov 30 2020

Crypto Version of ‘Giving Tuesday’ Returns With 10X as Many Charities

While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this year.

US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama

Nov 30 2020 Published at CoinDesk under tags  doj extradition news ponzi schemes

The accused, Gutemberg Dos Santos, has been charged in an indictment and was extradited from Panama on Nov. 25.

Nov 24 2020

Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS

Nov 24 2020 Published at CoinDesk under tags  coinbase cryptocurrency taxes irs news

Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.

Leading Japanese Financial Firm SBI Holdings Rolls Out Crypto Lending Services

Nov 24 2020 Published at CoinDesk under tags  crypto lending japan news sbi holdings

A subsidiary of SBI Holdings said it's launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return.

Nov 18 2020

Thai SEC Revises Net Capital Rules in Bid to Open Liquidity, Support Digital Asset Businesses: Report

The revised requirements are aimed at adding liquidity to the Thai market, while also allowing digital asset businesses to hold part of their required capital in cryptocurrencies.

Nov 17 2020

Bridgewater’s Dalio: ‘I’d Love to Be Corrected’ on Bitcoin. Twitter Obliges

Nov 17 2020 Published at CoinDesk under tags  markets news people ray dalio

Bridgewater Associates founder Ray Dalio asked for and received a heaping dose of “radical candor” Tuesday.

Cynthia Lummis, Wyoming’s Incoming Senator, Wants to Explain Bitcoin to Congress

Cynthia Lummis, who won an open U.S. Senate seat in Wyoming, wants to explain bitcoin's value to her new colleagues.

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