#CryptoCorner: Indian Crypto Ban May Face Supreme Court, China’s Power Grid Exploring #Blockchain and #Coinbase Recruits Former #Facebook ($FB) and #Twitter ( $TWTR) Expert to Executive Team
#CryptoCorner: Indian
Crypto Ban May Face Supreme Court, China’s Power Grid Exploring #Blockchain and
#Coinbase Recruits Former #Facebook ($FB) and #Twitter ( $TWTR) Expert to
Executive Team
Point Roberts, WA, Delta BC – April 10 , 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Crypto Corner – April 10 2018
By Samuel Mowers at Investorideas.com
Indian Crypto Ban
May Face Supreme Court, China’s Power Grid Exploring Blockchain and Coinbase
Recruits Former Facebook and Twitter Expert to Executive Team
In a piece today at CCN,
Mohammad Danish, an Indian lawyer practicing at the Delhi High Court, said the
country’s Supreme Court may face a decision on the recent central bank ban on cryptocurrency trading.
Danish said the central bank, the Reserve Bank of
India (RBI), will probably be legally challenged, whereupon the future of
crypto trading will be determined.
There is strong likelihood that the
new RBI notification severing fiat-crypto ties will be challenged in the Court
of Law. So now the parties with competing interests are face-to-face before the
Supreme Court, a gavel stroke of which will decide the future of
cryptocurrencies in India.
The State Grid Corporation of China
is exploring the idea of integrating blockchain technology, according to a
piece on CoinDesk today. The state-owned utility monopoly, and largest
utility company in the world, released a patent application from November 2017 last week detailing its blockchain
aspirations which would decentralize data regarding consumption of power.
“According
to the filing, the idea behind the utility's Internet of Energy, a concept that
references the internet of things, is to integrate more information about
electricity consumption and generation onto the internet to facilitate data
tracking on web-enabled devices.”
Cryptocurrency
giant Coinbase announced
the hiring of a new Vice President of Communications yesterday. Rachael Horwitz
is joining the executive team via Coinbase investor Spark Capital, “where she
was a partner at the firm leading marketing and communications and acting as an
advisor to portfolio founders”. Horwitz formerly worked at Twitter and also as
Director of Technology Communications at Facebook.
The
move to hire Horwitz is in keeping with Coinbase’s executive expansion to keep
up with and capitalize on the company’s growth.
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