Bitcoin Boosts As Fed Cuts Rate? Korea Legalizes Crypto Trading | Nike and Macy's Enter Blockchain

A Bitcoin and Crypto specific legislation has been voted for in the South Korean parliament, the National Assembly. South Korea’s National Assembly passed an amendment to its Reporting and Use of Specific Financial Information Act, legalizing cryptocurrency trading.

The Central bank of India (RBI) is planning to file a review petition for the judgement passed. It's concerned that the Supreme Court’s decision on Wednesday could pave the way for trading in Bitcoin and Cryptocurrency. The Federal Reserve cut interest rates this week. While the central bank was hoping to boost the falling stock market, the move seemed to spook investors. All the major US stock market benchmarks swung upward for just one day on Wednesday after the cut. Nike and Macy's tinker with blockchain. The Global brands and retailers have teamed up for a supply chain tracking solution that would save them $98 billion.

References:

South Korea Legalizes Crypto Trading
https://twitter.com/altcoinbuzzio/status/1235595161754714113
https://bitcoinist.com/crypto-trading-legalized-in-south-korea/
2 Possible Reasons Why This Week’s Emergency Fed Rate Cut Boosted The Value of Bitcoin
https://cryptopotato.com/2-possible-reasons-why-this-weeks-emergency-fed-rate-cut-boosted-the-value-of-bitcoin/
RBI to seek review of Supreme Court order on cryptocurrency
https://twitter.com/altcoinbuzzio/status/1235846154534830080
https://twitter.com/altcoinbuzzio/status/1235854698726313988
https://economictimes.indiatimes.com/news/economy/policy/rbi-to-seek-review-of-supreme-court-order-on-cryptocurrency/articleshow/74503345.cms
Nike and Macy's tinker with blockchain
https://decrypt.co/21501/nike-and-macys-tinker-with-blockchain

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