Paxos is planning to streamline equities settlement by using a regulatory compliant blockchain-based process. The Paxos Trust Company received a no-action relief letter from the US Securities and Exchange Commission (SEC) on October 28, in order to conduct equity securities trading on a blockchain-enabled platform designed specifically for broker-dealers. Paxos’s management revealed that Credit Suisse...Read More
China is reportedly looking into the various use cases for blockchain tech and artificial intelligence (AI) in international financing, with a special focus on risk management procedures. The country intends to further liberalize its financial markets, a veteran foreign exchange regulatory official confirmed on October 26. The recent comments made by Lu Lei, deputy head...Read More
A crypto entrepreneur has filed a lawsuit against giant telecommunications firm AT&T over an alleged SIM swapping hack which reportedly led to the loss of $1.7 million in digital currency, in an attack targeting three blockchain professionals who attended Consensus 2018 Seth Shapiro, a two-time Emmy Award-winner, author and professor at the University of Southern...Read More
On October 26, the Standing Committee of the 13th National People’s Congress in China revealed that a new cryptography law will go into effect January 1, 2020, according to local news outlet Xinhuanet. The announcement comes only a day after Chinese president Xi Jinping called on the citizens of the $12 trillion economy, the second-largest...Read More
The World Economic Forum (WEF), a Cologny-Geneva-based NGO that aims to improve the state of the world by engaging world leaders to shape global agendas, will work with seven large mining and metal firms to create blockchain software to help with sourcing materials in a more responsible and sustainable manner. The Mining and Metals Blockchain...Read More
South Korea-based Coinplug, a leading Bitcoin (BTC) exchange, wallet and payment company, has raised 7.5 billion won (appr. $6.4 million) from the venture capital divisions of several major local financial institutions. Coinplug’s management noted in a press release on October 24 that the investments came from KB Investment, the VC arm of the KB Financial...Read More
Tokyo-based SoftBank is partnering with New York-headquartered tech giant IBM to launch a cross-carrier blockchain platform, with special focus on technologies that will enable smartphone users to conduct local payments while traveling abroad and roaming. In an October 22 release, SoftBank’s management stated that it will work with IBM and blockchain firm TBCASoft that creates...Read More
Some crypto assets have had a worse 2019 that others and XRP is one of them. At the moment the Ripple token is still down 15% this year but that could be about to change as XRP finally starts to move in the lead up to the company Swell event next month. XRP Surges 20%...Read More
The world’s sixth largest crypto asset had a birthday over the weekend. On October 7 2011, Litecoin was released via an open-source client on GitHub, the LTC network went live a few days later on October 13. It is now eight years old and has outlasted countless other crypto assets yet still receives a disproportionate...Read More
The South Korean division of Malta-based digital asset exchange OKEX has suspended the delisting of two privacy-oriented cryptocurrencies due to new regulatory guidelines released by the Financial Action Task Force (FATF). The planned suspension of Zcash (ZEC) and Dash (DASH) is currently being reviewed, according to a blog post on OKEx’s official website. OKEX first...Read More
Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, announced on October 10 the issuance of the second digital asset ever on Binance Chain, the exchange’s non-custodial trading platform. The new asset is an XRP variant and it’s listed as XRP-BF2. According to Binance, XRP-BF2 is pegged one-to-one to XRP on Binance’s main trading...Read More
Xago, a Cape Town-headquartered fintech firm, revealed on October 9 that it’s launching a Ripple gateway and custom-designed exchange. As noted in the release, Xago’s exchange connects to and utilizes RippleNet, a decentralized network of banks and other financial services providers that facilitates quick and cheap cross-border transfers. Notably, the Xago exchange exclusively uses XRP,...Read More
ConsenSys, a Brooklyn, New York-based Ethereum development studio studio, is awarding $175,000 to seven different open-source projects being developed on the Ethereum (ETH) blockchain. Revealed on October 10, the software development projects include Lighthouse, an innovative Ethereum software client, Tellor, an oracle network for handling off-chain data, Alice, a mobile-based platform for developing decentralized applications...Read More
Encryption startup NuCypher raised $10.7 million in an agreement for future tokens (SAFT). The firm’s investment round was led by San Francisco-based Polychain Capital. NuCypher also announced that it has launched its public testnet. The company’s main product is based on proxy re-encryption, which encrypts files being sent to individual and administrator accounts. It controls...Read More
Japan’s oldest brokerage firm has established a blockchain-related partnership with the operator of the nation’s most widely-used messenger service. According to the October 4 announcement, Nomura Holdings, the parent company of Nomura Securities, revealed it has invested in LVC, a subsidiary of South Korea’s Line, following an agreement finalized on September 24. The terms of...Read More
United Arab Emirates’ (UAE) capital city of Abu Dhabi is preparing to place its land registry on a blockchain-based platform, according to a press release. The Department of Urban Planning and Municipalities, a government-run agency tasked with managing Abu Dhabi’s development strategy, has teamed up with Indian IT company Tech Mahindra for the project. The...Read More
The likelihood of a Facebook crypto currency actually launching next year is so questionable that a trading firm is now offering bets on whether the social media giant can meet its deadlines. Facebook Crypto Failure? According to a Bloomberg report crypto derivatives exchange CoinFLEX is launching physically settled futures contracts for Libra, or whether it...Read More
Liechtenstein’s parliament unanimously approved the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also referred to as the Blockchain Act. The nation’s parliament passed the Act on October 3. According to local reports, the new law aims to enhance investor protection, prevent money laundering, and establish regulatory clarity. The Act will...Read More
South Korea’s regulatory authorities have strongly favored backing blockchain-related projects over decentralized cryptocurrencies. Some recent events confirm that the nation’s government is more supportive of distributed ledger technology (DLT) itself rather than speculative tokens. Around 97% of local cryptocurrency exchanges are in danger of being shut down, according to local reports. Most Smaller Korean Exchanges...Read More
Following the release of the Bitcoin whitepaper in late 2008, thousands for cryptocurrency projects have been launched. The vast majority of them have been unsuccessful because they didn’t really have a unique value proposition. Starting with Ethereum and Nxt, blockchain-based platform developers have tried to create decentralized networks based on a variety of protocols including...Read More
Over the past few months, an odd trend has been seen: the Ethereum blockchain itself has started to gain traction, even as ETH’s price fell, with there being a large uptick in transaction volumes and overall network activity. It got to a point when last month, the fees that Ethereum users paid to use their...Read More
Competition across financial markets is hotter than ever and it is causing trading platforms everywhere to consider upping their game. However, one industry leader that has been making waves with its referral program, is upping the ante and expanding the program further. What Is the PrimeXBT Referral Program? PrimeXBT is an advanced trading platform for...Read More
XRP Chart Strong It seems that cryptocurrency bulls are back — at least for now. Over the past 24 hours, Bitcoin has gained 7%, rallying to $8,400 from this weekend’s local low of $7,700. Interestingly, altcoins have managed to keep pace with the market leader, posting similar if not greater gains. XRP, for instance, has...Read More
After facing a swift selloff overnight, the aggregated crypto markets have been able to post a strong recovery today, with XRP and most major altcoins surging as Bitcoin reclaims its position within the lower-$8,000 region after briefly dipping to $7,800. Analysts are now noting that XRP’s recent price action has allowed it to form robust...Read More
Ripple Bags Business Deal Just announced minutes ago, crypto-centric fintech startup Ripple has just made an expansion into Iceland. In a blog post, the San Francisco-headquartered company revealed that it has acqui-hired (acquired and hired) Algrim, a cryptocurrency trading firm based in the Nordic country. This move marks the company’s latest expansion into Europe. According...Read More
EOS and most major altcoins have continued to range sideways as Bitcoin reacts to its near-term critical support level at $8,000, which is where it is currently trading at. One prominent analyst is now noting that he expects EOS to see further downwards pressure in the near-term but is also adding that it has the...Read More
Cardano Sees Massive Adoption Event While Cardano (ADA) has been slipping over recent months, losing its spot as a top ten crypto asset, the blockchain underlying the token recently saw a massive adoption event. As reported by trade publication CryptoBriefing, Input Output (IOHK), a blockchain development studio that is one of the main maintainers of...Read More
Ethereum Blocks Filling Up As covered heavily by this outlet over recent weeks, the Ethereum network has been seeing more activity than ever before. In fact, the network has been used so much that miners of ETH recently opted to increase the capacity of blocks by 25% — allowing for more transactions to take place...Read More
Ethereum Still Has Much to Grow For most of this year, all eyes have been on Bitcoin, the leading cryptocurrency by market capitalization. Indeed, altcoins, including Ethereum and XRP, have suffered heavy losses this year, both in terms of price and investor interest. Altcoins are doing so poor, in fact, that the Bitcoin dominance metric...Read More
A major network upgrade or hard fork is usually bullish for a crypto project. Ethereum has long been subject to indignation from its adversaries for its lack of scalability and network problems when under pressure. The first phases of a long awaited protocol upgrade are about to be rolled out but will they have any...Read More
