Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed.
The Iranian government amended its regulations on cryptocurrencies to allow them to be exclusively used for funding imports at a time of increased pressure on the country’s normal use of hard currencies.
Cryptocurrency is a kind of digital currency in which cash production and verifying the authenticity of its financial transactions are controlled by a series of encoded algorithms. Usually they work based on decentralized networks (without dependence on a central authority).
Japan’s Financial Services Agency (FSA) on Wednesday gave the cryptocurrency industry self-regulatory status, permitting the Japan Virtual Currency Exchange Association to police and sanction exchanges for any violations.
Vertex Ventures, backed by Singapore state fund Temasek, has invested in Binance, one of the world’s biggest cryptocurrency exchanges, as it prepares to expand operations into the city-state, the firms said on Tuesday.
For all the attention afforded bitcoin, it is its rival ether that is hitting the headlines, with the popularity of its blockchain technology Ethereum driving concerns that have sent investors fleeing.
Though the availability of formal cryptocurrency and blockchain education around the globe is increasing rapidly, the UK Department for Education (DfE) appear to have no immediate plans to include cryptocurrency as a topic in the UK school curriculum.