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Nomics announced on Tuesday that it has raised $3 Million in its Series A funding round, Twin City Business reports. Investors included Arthur Ventures, Coinbase Ventures, Digital Currency Group, CoVenture Crypto, and BitGo co-founder Ben Davenport. Nomics CEO Clay Collins told TCB that his company plans to use the funds to further expand the crypto data in its index.
As part of an effort to prevent people from confusing digital currencies with government-issued legal tender, Japan’s Financial Services Agency (FSA) has decided to categorize digital currencies as crypto-assets, according to reports that cite details learned by Japanese newspaper Yomiuri Shimbun.
The People’s Bank of China is reportedly considering the creation of a state digital currency and has filed more than 100 cryptocurrency and blockchain-related patent applications in the last two years. However, a new report from Bloomberg this week suggests that a national cryptocurrency in China may do little to expand freedom and opportunity for the country’s citizens. Instead, it could help the government exert even greater control over its people and the country’s financial system.
Central Bank of the United Arab Emirates (CBUAE) governor Mubarak Rashed Al Mansouri confirmed this week that the UAE is collaborating with the Saudi Arabian Monetary Authority to study development of a blockchain-based digital currency that the two nations can use for cross-border transactions.
DNotes Global, Inc. today announced the release of DNotes Bot, a trading bot designed to assist cryptocurrency exchange traders by providing automated trading for buy and sell orders.
Basis has confirmed that its cryptocurrency project is coming to an end. The company, which raised $133 million in investor funding in early 2018, made the announcement in a December 13 message on its website. That post also announced that Basis will be returning its remaining investment funds to investors.
Coincheck President Toshihiko Katsuya told reporters on Wednesday that the ongoing slump in Bitcoin’s price has negatively impacted the exchange’s ability to regain its footing since being hacked earlier this year, the Nikkei Asian Review reports.
The Netherlands is reportedly proposing a measure that would require cryptocurrency service providers to seek licensing approval to operate in the country, according to a December 11 report from De Telegraaf.