Peter Thiel Invest in Crypto Platform Layer1
Crypto investment and infrastructure platform Layer1 announced today the closing of $2.1 Million in Seed Funding backed by world-class investors, including Peter Thiel, Digital Currency Group, Jeffrey Tarrant, and more. Layer1 takes concentrated bets on promising blockchain protocols and builds critical technology to support their global impact. Layer1’s prominent investors affirm this approach with their […]
Bitmain Closing Israeli Development Center
The development center of Bitmain set up in Ra’anana two years ago under Gadi Glikberg will close this week and its 23 employees will be laid off, “Globes” learned this morning. Glikberg, who is a VP at Bitmain, will also leave. The Israeli activity of one of the largest companies in the global blockchain industry […]
Thailand Speeds up Blockchain Adoption Despite Bitcoin Plunge
Thai cryptocurrency exchange pioneer Satang Corp. is defying the recent meltdown in virtual currencies with plans raise $9.9 million in a security token offering early next year, as the government accelerates adoption of the blockchain technology behind virtual currencies. Satang’s plan has the backing of the Thai government, which wants to make Thailand a center […]
City Watchdog Steps up its Inquiries Into Crypto Firms
As the price of the controversial “cryptocurrency” Bitcoin plunges, new figures show that the City watchdog is stepping up its investigations into the murky sector. The number of inquiries into businesses involved in the new breed of digital currencies has doubled, according to figures from the Financial Conduct Authority (FCA) obtained by Telegraph Money. In response […]
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 […]
Bitcoin for Payments a Distant Dream as Usage Dries Up
The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability. The value of bitcoins handled by major payment processors shriveled nearly 80 percent in the year to September, data from blockchain researcher Chainalysis shows. […]
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 […]
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 […]
Bitcoin’s Backers Now Want Acceptance from the System they Sought to Supplant
In the aftermath of the global financial crisis, Satoshi Nakamoto — a digital nom de currency — published a white paper laying out his or her vision for an electronic, peer-to-peer currency that could provide an alternative to the failures of Wall Street, the regulatory structure, and the rest of the financial system as it […]
Crypto-Linked Stocks Drop After Bitcoin Sank to One-Year Low
Shares of several cryptocurrency-related companies in Asian markets fell Thursday, following earlier losses among U.S. names after Bitcoin led a sell-off in digital currencies. Monex Group Inc., which owns the Japanese exchange Coincheck, and SBI Holdings Inc. each fell more than 2 percent to close at two-week lows in Tokyo, while Vidente Co. and Omnitel […]
DTCC Enters Test Phase on Distributed Ledger Project for Credit Derivatives with 15 Leading Global Banks
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it has advanced to the testing phase of its ground-breaking project to re-platform its credit derivatives Trade Information Warehouse (TIW) on distributed ledger technology (DLT) and cloud. In this phase, 15 of the world’s […]
Bitcoin Futures Volatility Sets Record Low
Bitcoin was trading marginally lower Monday, but remains in its recent narrow trading range. In Monday trading, a single bitcoin BTCUSD, +0.37% was fetching $6,393.63, down 0.6% since 5 p.m. Eastern Time on Sunday on the Kraken crypto exchange. The No. 1 digital currency has spent the last five trading sessions inside the $6,300 to $6,400 range. As […]
Deloitte and Attest to Bring Digital Identity Solutions to the Government Market
Deloitte and Attest Inc. announced a new collaboration today to assist government clients with digital identity solutions to help solve for a host of government challenges. “In the blockchain pilots we’ve run with our government clients, digital identity can be a thorny issue,” said Wendy Henry, managing director, Deloitte Consulting LLP, and Deloitte’s government and public […]
HSBC and StanChart Launch HK Blockchain Trade Finance Platform
A new blockchain-based trade finance platform, developed by HSBC (HSBA.L), Standard Chartered (STAN.L) and 10 other banks, was launched in Hong Kong on Wednesday to boost efficiency in the multi-trillion-dollar funding of international trade. HSBC said on Wednesday the platform, eTrade Connect, had allowed the Asia-focused British lender to reduce the time it takes to […]
Government Funds New Zealand Crypto Platform
The government’s innovation arm, Callaghan Innovation, has invested $330,000 into a New Zealand cryptocurrency savings and trading platform. The investment comes as the platform rebrands from MyCryptoSaver to Vimba to reflect the expanded range of services the Auckland-based startup offers. “This is a truly significant investment from Callaghan Innovation and a real show of faith […]
Bittrex International to Launch Trading Platform
Bittrex International announced that it will launch a digital trading platform that will feature a streamlined token approval process and provide more trading options for qualified international customers. This new international trading platform, previously branded as Bittrex Malta, will begin a brief evaluation period during the next few weeks to ensure optimal operations for international […]
Cryptocurrency Exchange Coinbase Lays Off 15 Employees
Cryptocurrency exchange Coinbase has reportedly laid off some employees this week. The cuts have affected its customer support, compliance, and fraud departments. According to sources quoted by Yahoo Finance, more than 15 people have been released from duties, mostly remote staffers. Coinbase has confirmed the layoffs but declined to specify the number. The personnel cuts […]
The Malta Financial Services Watchdog Issues Warning on Cryptocurrency Trading Platform
The Malta Financial Services Authority has issued a warning against Primetradingbot, describing it a scheme of ‘dubious nature’. The Malta Financial Services Authority has warned that an online trading platform claiming to operate from Malta is not licenced by it and operates a “dubious” scheme. The entity flagged by the MFSA is called Primetradingbot and […]
