Token Liquidity Plummets Leaving Bag Holders High and Dry
Despite cryptocurrency prices having plunged 80-95% from the start of the year, traders aren’t taking a punt on the bargain. Token volumes have plummeted across major exchanges with 60% of listed cryptocurrencies trading below January levels. Order books are now filled to the brim on the sell side with November, to date, seeing an acceleration […]
Bank Negara Malaysia First Before Implementing Cryptocurrency
All parties wishing to introduce cryptocurrency in Malaysia must go through Bank Negara Malaysia (BNM) first, said Lim Guan Eng. The Finance Minister said that the government and BNM must be careful with any introduction of cryptocurrencies as such new technologies are still being studied by the financial regulator to ensure the stability of the country’s […]
Abu Dhabi’s Al Hilal Bank Uses Blockchain to Sell Sukuk in Secondary Market
Abu Dhabi’s Al Hilal Bank has executed the world’s first sukuk transaction using blockchain technology, it said on Monday. The Islamic bank used the distributed ledger technology, best known as the underpinning of crypto-currency Bitcoin, to sell and settle in the secondary market a small portion of its $500 million five-year sukuk, issued in September. “Al […]
Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology
Cryptocurrency trading is all set to become safe and profitable like never before, with the recent launch of a fully automated crypto trading platform by Napston. This groundbreaking trading platform is based on a proprietary technology called Distributed Artificial Neural Networks that has been programmed to accurately predict the market by utilizing the processing power […]
VNX Exchange Unveils Security Partnership with Luxembourg University
Luxembourg-based VNX Exchange has announced a partnership with the University of Luxembourg in a bid to improve the security of digital assets. VNX Exchange claims to be developing the world’s first secondary market for venture capital (VC) investments – using blockchain technology. “In creating a secure and regulatory compliant marketplace for the transparent trading of […]
Coinbase Loses Chief Policy Officer Michael Lempres
Coinbase Inc., one of the largest U.S. crypto exchanges, is losing its policy head at a time when communication between Washington and the digital money sector may never be more important. Michael Lempres, who was named the firm’s policy officer in September after serving more than a year as its legal chief, is leaving to […]
Japanese Shipping Line Develops Digital Cash for Crew
Nippon Yusen K.K., Japan’s largest shipping line by sales, is introducing its own digital currency for crew members, people with knowledge of the matter said. The goal is to make it easier for seafaring workers to manage, send and convert money into their local currencies, said one of the people, who asked not to be […]
MenaPay – The Stablecoin for Daily Payments
Stablecoins can be defined as cryptocurrencies that are pegged to real-world assets such as fiat currencies, gold or oil. As it’s pegged, the value of the stablecoin keeps stable unlike the volatility experienced in major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Importance of Stablecoins With volatility being experienced in cryptocurrencies, stablecoins are much […]
Refinitiv Provides KYC Automation For Cryptocurrency Exchange Binance
Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, will provide an automated Know Your Customer (KYC) application to Binance, the world’s largest cryptocurrency exchange by adjusted trade volume. Effective KYC tools are becoming a critical need for the cryptocurrency industry with the increasing demand for regulatory oversight. The solution will enable Binance […]
SWIFT India and MonetaGo Partner to Benefit Indian Banks
SWIFT India, a leading provider of secure financial messaging services for the Indian financial community and MonetaGo, a leading provider of financial technology, announced today a partnership and pilot program aimed at benefitting all Indian Banks. Based on MonetaGo’s financial services network technology integrated through standardized SWIFT financial messages, the banks will use a shared […]
Bank of Thailand: Using Digital Currency Takes Time in Thailand
A plan to use digital currency, instead of cash, will not happen in Thailand within the next 3-5 years, said Veerathai Santiprabhob, Governor of Bank of Thailand (BoT). Mr Veerathai admitted that the use of digital currency, although success in some developed countries, is not easy and takes time because of complication, a readiness of […]
India’s Ready to Clarify its Stance on Cryptocurrencies
The Indian government may be one step closer to clearly spelling out its policy on cryptocurrencies. A finance ministry panel set up in November 2017 could be ready with draft regulations next month. This was clarified by the Narendra Modi government in a counter-affidavit, a copy of which has been reviewed by Quartz, filed in […]
Chelan PUD Unveils New Proposed Cryptocurrency Rate Structure
The Chelan County PUD recently unveiled their proposed rate structure for cryptocurrency activities, and local miners are crying foul. At the heart of the issue is the increased variable and fixed costs crypto-mining activities bring. Customer Utilities Rate Adviser Lindsey Mohns explained the new proposed rate structure. “This rate structure is built the same way […]
Malaysia’s CIMB, Ripple Partner in Cross-Border Payments
Malaysian lender CIMB Group Holdings Bhd. is signing on to the cross-border payments network run by blockchain technology firm Ripple, the two companies said Thursday. Ripple’s technology will be used in CIMB’s SpeedSend remittance product, according to a joint press release. SpeedSend is available in various Southeast Asian markets, including the Philippines, Vietnam and Thailand, […]
The Acting Attorney General Helped an Alleged Scam Company Hawk Bizarre Products
In November 2014, a Miami Beach-based firm, World Patent Marketing, announced the “marketing launch” of a “MASCULINE TOILET,” which boasted a specially designed bowl to help “well-endowed men” avoid unwanted contact with porcelain or water. “The average male genitalia is between 5″ and 6″,” the firm’s press release said. “However, this invention is designed for […]
CEO Ripple Labs: Ripple Is Aiming to Overtake SWIFT
Ripple Labs Inc., the blockchain startup whose digital money is often used as a proxy for other cryptocurrency payments, is gaining new customers because financial firms are seeking faster, more up-to-date technology than the Swift banking network, Chief Executive Officer Brad Garlinghouse said to Bloomberg. The Swift, an acronym for the Society for Worldwide Interbank […]
Film and TV Services Company Fintage House to Accept Cryptocurrency for Rights Transactions
Film and TV rights and financial services company Fintage House has signed a deal with social entertainment platform TaTaTu, which recently unveiled a partnership with Johnny Depp, to accept the platform’s cryptocurrency, TTU Tokens, for film and television rights transactions. TTU Tokens are available exclusively through TaTaTu, and trade on cryptocurrency exchanges HitBTC, ABCC, and […]
Cryptocurrency and China Influence Test Pacific Island’s Presidency
Marshall Islands President Hilda Heine narrowly survived a vote of no confidence Monday after a political struggle over cryptocurrency and an alleged Chinese plan to seize control of an atoll. The 67-year-old sole Pacific female head of state survived the vote as parliament was split 16-16 and her opponents fell short of the 17 they […]
