Tag Archives: business and finance

Pantera CEO: Bitcoin (BTC) Is A “Serial Killer,” Crypto To Reach Global Adoption

Despite Crypto Market Dump, Pantera’s Morehead Bullish On Bitcoin Bitcoin has long been touted as a viable alternative to centralized banking systems. As recently put by, Dan Morehead, the CEO at San Francisco-based Pantera Capital, in a Business News Network (Bloomberg) interview, Bitcoin isn’t just a “category killer,” but a “serial killer” as well. What’s next for #crypto? Here’s… Read More »

3 Global Central Banks Propose Digital Currencies to Ease Cross Border Transactions

In a November 2018 report by the Bank of Canada, Bank of England and the Monetary Authority of Singapore, emerging technologies and opportunities in the banking industry have been explored including the use of Wholesale Central Bank Digital Currencies. The report has been compiled and collated by KPMG and also includes inputs from commercial banks such as HSBC,… Read More »

CargoX Launches Public Blockchain For Shipping Industry

November 15, 2018 11:49 PM A decentralized, lower-cost, supply chain-focused blockchain built with the help of MakerDAO. Oh, and it’s public. CargoX, a company that provides blockchain-based solutions for the shipping and logistics industry, announced the launch of its new decentralized, cryptographically secured public CargoX blockchain platform in a November 14 press release posted on the company’s website.… Read More »

Bank Of America Patents Cryptocurrency Storage Method

The financial giant wants customers to be able to connect their crypto to an aggregated BofA account.

Cryptocurrency Exchange Platform Bitstraq Obtains VFA License in Malta

The Island of Malta recently granted Virtual Financial Asset (VFA) license to Bitstraq exchange, shortly after it fully established the VFA Act on November 1. Cryptocurrency Exchange Gets VFA Licence European centralized exchange platform, Bitstraq recently announced that it received its Virtual Financial Asset (VFA). According to PRNewswire, the exchange platform is one of the first to obtain… Read More »

Binance CEO: Volume, User Signup Indicators Are Healthy For Crypto

Volume On Binance May Have Dried Up, But Its CEO Has Remained Undeterred  It goes without saying that 2018’s bear market hasn’t been kind to crypto exchanges, with volumes drying up and traders exiting this nascent space en-masse. Data gathered by Ran NeuNer’s CNBC Africa-sponsored Crypto Trader has revealed that from September to October alone, volumes tallied on Binance,… Read More »

Financial Institutions In Singapore Develop Cross-Blockchain Settlement Platform

November 12, 2018 11:42 PM The new platform is an extension of Project Ubin, which is spearheaded by the country’s central bank. Singapore’s stock exchange, SGX, and the country’s central bank, the Monetary Authority of Singapore (MAS), have announced the development of a blockchain-powered system intended to increase the efficiency of finalizing transactions related to tokenized digital assets… Read More »

Swiss Crypto Company Obtains Islamic Finance Certification, Eyes Middle East Expansion

A Swiss based fintech firm has obtained certification from Islamic scholars for its own digital currency which it plans to launch in the Middle East along with business expansion in the region. According to Reuters, X8 AG is among several companies expanding into Sharia-compliant finance in order to tap into the rapidly growing crypto and blockchain industries in… Read More »

World’s Fifth Largest Bank Will Use Ripple For a Japan-Brazil Cross-Border Interbank Payment Service

In an official press release issued by the MUFG on November 9, 2018, the finance giant announced the signing of a Memorandum of Understanding To Develop A New Cross-Border Payment Service as part of a joint effort between MUFG and Bradesco. The Brazilian subsidiary of Japan’s largest bank signed an agreement with Sao Paulo-based Banco Bradesco, a leading… Read More »

Security Token Offerings – The Next Big Thing In Crypto?

If you are not familiar with security token offerings (STOs), maybe you should be. With regulators gunning for initial coin offerings (ICOs) and now going after decentralised exchanges (DEXs) too, industry players are looking at news ways of raising money. Changing the name to “token generation event” doesn’t cut it with most regulators and, in and of themselves,… Read More »