Blockchain & Digital Currency

Network Backlog Causes Ethereum’s Price to Plummet

Ether, the cryptocurrency which runs the Ethereum blockchain network, fell over 10% the last couple days which was caused by a backlog of network orders from recent Initial Coin Offerings (ICOs). The cryptocoin had reached a high of over $400 a coin earlier this month… Read More

Payza Adds New Cryptocurrencies to Exchange, Including Ethereum, Ripple, Litecoin, Dash & Monero

Payza, a global payments platform,  announced a cryptocurrency exchange expansion to include the “most popular” Bitcoin alternatives. In the majority of the countries where Payza is available, verified Payza members may now sell Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and dozens of other cryptocurrencies to Payza,… Read More

Russian Blockchain Platform Waves Carves Out New USD Gateway

Fresh from completing its Initial Coin Offering in June 2016 which reportedly garnered more than $16 million (30,000 BTC), Waves platform has introduced a now live USD gateway. Waves, a Russian decentralised platform for launching crowdfunding campaigns and issuing digital assets, has announced that its users can… Read More

WISeKey Opens Blockchain Centre of Excellence in India

Cybersecurity company WISeKey announced on Wednesday the launch of its artificial intelligence and blockchain Centre of Excellence located in India that will support its global projects. According to the company, The India location will be working to expand its AI project, WISeAI-integrating the WISeKey Indian… Read More

EY Launches New York-Based Financial Services Innovation Center

Ernst & Young LLP (EY) announced on Wednesday the launch of its new Union Square Innovation Center in New York City. According to the company, the center will focus on financial services and is a flagship location for EY wavespace, its global growth an innovation… Read More

Potential Red Flags in Bancor’s ICO?

Last week, Bancor, a blockchain startup aiming to be the standard for smart tokens, held an Initial Coin Offering (ICO) which raised over $144 million in a few hours. A recent post on Hacking, Distributed claims that Bancor’s ICO was flawed and there were a… Read More

Morgan Stanley Believes Bitcoin Needs Regulations for Further Growth

In a recent report titled “Blockchain: Unchained?”, Morgan Stanley details its hesitance towards Bitcoin and outlines its belief that in order for Bitcoin to see continued growth, more regulations need to be enacted. While Morgan Stanley does have high hopes for blockchain, the technology behind Bitcoin,… Read More

Nearly 50K Users Strong, Blockchain-Powered Colu Introduces Local Pound Currency

Colu, a blockchain-powered platform for creating digitized, localized currencies, launched its second currency in the UK – the Local Pound, East London. Founded in 2014, Colu’s digital wallet application supports buying local, offering an easy and convenient way to pay instantly from a smartphone while empowering… Read More

FCA Director of Competition Chris Woolard Cautions on Usage of Bitcoin

Chris Woolard, the Financial Conduct Authority’s competition Czar, has commented on the usage of cryptocurrencies. As reported by FN news, Woolard said; “We don’t prohibit regulated firms from engaging in digital currency trading, nor do we prohibit banks from offering banking services to deal with… Read More

Middle Eastern & African Fintech: TechPreneur Africa Pens MOU with Abu Dhabi Global Market

TechPreneur Africa, a social impact firm focused on harnessing innovation and entrepreneurship to achieve real economic impact across Africa has signed an MOU with Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, to foster and support the growth and activities of FinTech… Read More

OpenANX Offers New Ethereum Blockchain App Decentralizes Exchange & Trading

Open ANX Foundation Limited, with the support of ANX International and partners, announced openANX, a project to build a new decentralized exchange and trading platform. OpenANX is described as a real-world application of Blockchain that brings transparency and openness to cryptocurrency markets. “In traditional financial… Read More

Is the SEC About to Crack Down on ICOs?

The exponential growth of Initial Coin Offerings (ICOs), which are being used to raise huge amounts of money using blockchain based tokens, have been increasingly scrutinized. According to a recent report on Reuters, regulators within the SEC are taking a hard look at the use of… Read More

Digital Financial Services P2P Cash Launches Money Transfer Service in Nigeria

Digital financial service company, P2P Cash, announced on Friday it has launched a new money transfer service from George and South Carolina to Nigeria. The company reported that it now offers cross-border money transfer without any fees. P2P Cash, which is a division of software… Read More

Circle Launches Free Cross-Border Mobile Payments Based on Blockchain

Circle, a Blockchain based Fintech startup backed by Goldman Sachs, announced recently it was launching its mobile payments solution to the US, UK, and Europe, which will allow people to transfer money across countries without any fees instantly. Free and Instant Cross-Border Payments Blockchain is the… Read More

Thomson Reuters Launches Blockchain Based Service for Delivering Market Data

It was announced recently that Thomson Reuters is set to launch its blockchain-based service, BlockOne IQ, which will provide its clients with fast and secure financial market data. Wall Street firms will be able to connect to market data through the blockchain network and be… Read More

Global Fintech Firm QUOINE Launches Digital Crypto-Only Platform

Singapore-based fintech firm QUOINE announced on Thursday it has launched a fully digital cryptocurrency exchange and trading platform. QRYPTOS is described as an exclusive cryptocurrency trading portal that was developed to meet the trading needs of the growing retail market and is designed to make… Read More

US Department of State Seeks Intern for New Blockchain Working Group

According to a recent posting on the Virtual Student Foreign Service’s (VSFS) website, the US Department of State is currently accepting applications for an intern to research and report on developments in blockchain and distributed ledger technology. E-Internship Reporting on Blockchain Innovation The VSFS is… Read More

WISeKey Announces Partnership With Blockchain Interface RIDDLE&CODE

Cybersecurity company WISeKey announced on Wednesday it has formed a partnership with blockchain solutions company, RIDDLE&CODE, in order to develop solutions for securing internet of things (IoT) through blockchain technology and crypto-hardware. While sharing details about the partnership, WISeKey stated the first step is to… Read More

Compcoin Announces $45M ICO & Launches Digital Wallet/Mining Stick

Digital token company Compcoin announced on Wednesday it is officially kicking off its $45 million initial coin offering (ICO). According to the company, the ICO consists of 3 million Compcoin that are selling at $15 each, with an additional bonus for early investors. Compcoin describes… Read More

UN Sends Aid to Thousands of Syrian Refugees Using Ethereum’s Blockchain

  As reported by Coindesk a little over a month ago, the United Nations World Food Program (WFP) launched an innovative test program to deliver aid to impoverished areas in the middle east using blockchain technology based on Ethereum. The pilot program was declared a… Read More