Why Sweden’s Cashless Society is no Longer a Utopia
The Swedish retail payment market is rapidly moving away from using cash. The outstanding value of cash in circulation has dropped to 1% of Swedish GDP. This development raises some crucial issues regarding the state’s role in the payment market. For hundreds of years, the public has been offered central bank notes and coins. If […]
Colorado Division of Securities Continues ICO Crackdown with Four More Cease and Desist Orders
Colorado Securities Commissioner Gerald Rome has now signed orders for twelve initial coin offerings directing the cessation of unregistered securities in the state of Colorado. The orders are the result of investigations by an “ICO Task Force” convened within the Division, part of the Department of Regulatory Agencies (DORA), in May of this year to […]
Friends Accused of Torturing Pal to Steal his Cryptocurrency
These guys are accused of taking a “bit” out of crime. A group of young professional men ransacked their pal’s luxury apartment after a night of drinking and forced him to cough up his cryptocurrency account login information, the Manhattan District Attorney’s Office charges in a new complaint. Defendant Stephen Orso, 25, allegedly demanded that […]
Researchers Rank Cryptocurrency Exchanges by How Secure They Are
Prominent cyber-security firm Group-IB has graded the security of online cryptocurrency exchanges, as a means of assessing insurance risk. It found long-standing platform Kraken to be the most secure, with OKEx, Huobi Pro, and CoinCheck among the riskiest. Alongside IT platform CryptoIns, Group-IB claims to have developed the world’s first assessment system for determining the […]
Stellar Support Added to BlockEx Exchange Network
BlockEx, the digital asset exchange provider for institutional-grade financial markets, has announced that it now provides support for Stellar based digital assets across its trading exchange network. Adam Leonard, CEO at BlockEx, said: “Delivering support for Stellar protocol digital asset issuing and trading is strategically important to us, our white label brokerage partners, and our […]
Marshalls President Heine Faces no Confidence Challenge
The first and only female head of state of an independent Pacific island faces her first vote of no confidence next week. Eight senators introduced a motion of no confidence in Marshall Islands President Hilda Heine on Monday, the last of 50 sitting days for the parliament session this year. The constitution requires a vote […]
South Korea’s Crypto Exchanges Bithumb to Launch US Security Token Platform
One of South Korea’s largest crypto exchanges by trading volume, Bithumb, announced its partnership with U.S. fintech company Seriesone on Oct. 31. Under the agreement, “Bithumb is investing in a Seriesone entity in South Korea to scale technical development and marketing,” Seriesone detailed, elaborating: Bithumb and Seriesone will form a joint venture intended to create […]
CryptoKitties Raises $15M in Financing
Dapper Labs, the company behind the world’s first and most successful consumer blockchain product, CryptoKitties, has raised US$15M in financing led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT. These funds will be used to help Dapper Labs, a Canadian-founded company, expand locally and globally. This includes establishing a U.S. subsidiary led by former executives […]
Hong Kong Exchange Preps DLT-Based Post-Trade Allocation and Processing Platform
Hong Kong Exchange and Clearing Limited (HKEX) is teaming up with Digital Asset to build a blockchain platform for post-trade allocation and processing of northbound trades under the Stock Connect programme with China. Stock Connect is a collaboration between HKEX and the Shanghai and Shenzhen stock exchanges that lets international and mainland Chinese investors trade […]
Cryptocurrency market to grow at CAGR of 6.18%
The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period. Growth in this market can largely be attributed to factors such as transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and […]
Bitcoin’s ‘Patient Zero’ Says Crypto an Experiment That May Fail
Bitcoin is an intellectual experiment that could take years to prove successful, if it does at all, according to Xapo founder Wences Casares. “It may work, it might not work,” Casares said Monday in a Bloomberg Television interview. “We are in the equivalent of 1992 for the internet.” The Argentine entrepreneur — dubbed “Patient Zero” […]
Top Cryptocurrency Markets Dip While Traders Play the Range
After the tight trading range over the last few weeks, many people joked about cryptocurrency prices remaining stable indefinitely. Of course, most crypto enthusiasts know better and on Monday, after a dull trading weekend, the majority of digital asset markets saw price declines across the board. Bitcoin (BTC) prices saw a low of $6,208 and […]
Diamond Miner Alrosa Joins De Beers Blockchain Traceability Pilot
Russian diamond miner Alrosa has joined the Tracr diamond industry blockchain traceability platform that fellow miner De Beers is developing. Alrosa’s involvement brings the world’s two largest diamond producers together in the pilot programme that aims to provide enhanced assurance for consumers and trade participants about the authenticity of their diamonds. “To provide true traceability, […]
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 […]
Pokemon Go of Blockchain
Cryptology Exchange, a community-centric cryptocurrency exchange based in Singapore has announced the listing of Izetex (IZX) on its platform, marking IZX’s first-ever exclusive exchange listing. Users can now trade IZX exclusively at Cryptology Exchange, with the trading pair IZX/ETH. Deposits and withdrawals for IZX are also available. Touted the “Pokemon Go of Blockchain”, Izetex (IZX) […]
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 […]
Bakkt Could Get Regulatory Green-Light for its Bitcoin Futures as Soon as Next Week
Intercontinental Exchange’s Bakkt could get the green-light to launch its bitcoin futures product as soon as next week, according to a source with direct knowledge of the situation. Bakkt, the cryptocurrency platform, in recent weeks has been meeting frequently with regulators from the Commodities Futures Trading Commission to get its product approved. A source said […]
Sony Develops Cryptocurrency Hardware Wallet Technology Using IC Cards
Sony Computer Science Laboratories, Inc. has developed a contactless IC card type cryptocurrency “hardware wallet technology *1 ” by utilizing Sony Corporation’s IC card technology. Currently, many cryptocurrency users are trading cryptocurrencies using online wallets *2 from the locations where they initially purchased their cryptocurrencies. When a user owns a cryptocurrency, what they actually own […]
