PBoC: there is no timeline for digital yuan launch / Calibra has rebranded to Novi / Crypto Masterclass
Inside Cryptocurrency .
Inside.com
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May 26, 2020
Hey everyone!
I hope you all had a lovely Memorial Day weekend and are ready to take on the week! Today for our premium readers we have:
PBoC's governor says there is no timeline for digital yuan launch.
Calibra has rebranded to Novi.
Crypto Masterclass, featuring Alex Mashinsky, founder of the decentralized finance app Celsius Network.
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Best,
Rebecca
Market Watch
Coin prices are mostly in the green during Tuesday trading; however, while Bitcoin has slipped below the $9,000 mark, it's up by nearly 1.5% in a 24-hour period.
Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Alex Mashinsky, the founder of the decentralized finance app Celsius Network.
"If Bitcoin does not shine, then what is it good for?"
To find out more of Mashinsky's views and to receive our Masterclass every day, sign up for Inside Crypto Premium. To take advantage of 50% off on monthly plans, simply use the code Crypto50. Click here to upgrade to premium!
The Reserve Bank of India (RBI) has said that there is "no prohibition on banks" when it comes to providing crypto businesses and traders with accounts. The central bank's clarification was in response to an official query, filed April 25, which questioned whether the RBI had stopped banks from providing accounts to crypto traders and companies.
More:
In April 2018, the RBI issued a circular banning banks from providing services to crypto entities. At the time, it gave regulated businesses three months to cancel their services.
The issue from the bank came after it warned the public about trading in crypto, citing potential security risks.
Indian crypto exchange CoinDCX has raised $2.5 million in a new investment fund. Led by Polychain Capital, Coinbase Ventures also participated. This latest investment comes after the platform secured $3 million in a Series A funding round in March. According to Sumit Gupta, co-founder and CEO of CoinDCX, this is a "shot of confidence" for the company, which is working at bringing crypto to an untapped Indian market.
This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three.
Editor
Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending.
