Tagged: digital currency

March 9, 2020 @ 8:11 am By Omar Faridi  |  

Three industry professionals, who are considered experts on monetary policies and cryptocurrency, recently talked about the current challenges and potential benefits of introducing central bank-issued digital currencies, or CBDCs.  The discussions took place on March 7, 2020, at the Massachusetts Institute of Technology (MIT) Bitcoin… Read More

March 9, 2020 @ 7:58 am By Samantha Hurst  |  

Bittrex, a cryptocurrency exchange based in the U.S., announced on Monday it is introducing new products that will offer its users with additional benefits, control, and flexibility when trading digital assets on its platform. Bittrex reported that features include credit card support, conditional orders on… Read More

March 8, 2020 @ 11:28 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday the launch of its Crypto.com Soft Staking offering, which gives users a new way to earn rewards up to 5% p.a. on cryptocurrencies deposited to and held in the Exchange. Key features of Crypto.com Soft Staking include:… Read More

March 5, 2020 @ 10:29 pm By Samantha Hurst  |  

Uphold, a U.S.-based digital finance platform, announced on Thursday the launch of its multi-asset account with an affiliated debit card, which allows users to convert multiple funding sources, including Bitcoin, XRP, BAT, and Gold into fiat currency, to spend everywhere Mastercard is accepted, as well… Read More

March 5, 2020 @ 2:56 pm By Samantha Hurst  |  

Draper Goren Holm, a Los Angeles based venture firm led by Tim Draper, Alon Goren, and Josef Holm, announced on Thursday it is offering an incentive to those who are looking to learn more about Blockchain during the Los Angeles Blockchain Summit, which will take… Read More

March 5, 2020 @ 9:08 am By Samantha Hurst  |  

Blockchain software firm BitGo announced on Thursday it is now offering institutional digital asset lending services. According to BitGo, the lending service was built by a Wall Street team that “understands institutional investing and clients’ needs.” The launch also follows a several-month private beta. Mike… Read More

March 4, 2020 @ 12:05 pm By Omar Faridi  |  

Menlo Park, California-based social media giant Facebook (NASDAQ:FB) appears to be stepping away from the controversial Libra cryptocurrency project that it introduced in June 2019. Facebook’s management says it will be creating several separate or independent virtual tokens, with each pegged or backed by different national… Read More

February 28, 2020 @ 11:37 pm By Samantha Hurst  |  

BitMax.io, a Singapore-registered digital asset trading platform with a global footprint, and Bithumb Korea, a South Korean-based cryptocurrency exchange, recently announced they have formed a strategic partnership to enhance product platform as well as accelerate global expansion. The companies reported that the key terms of the… Read More

February 26, 2020 @ 9:17 pm By Samantha Hurst  |  

KuCoin, a Singapore-based global cryptocurrency exchange, announced on Wednesday the launch of its Instant Exchange service, which allows instant crypto transaction service for BTC, ETH, LTC, XRP, BCHABC, and USDT. The service was developed by KuCoin and a market maker of the Chicago Mercantile Exchange… Read More

February 25, 2020 @ 7:56 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Tuesday the launch of its new onboarding platform for merchants to sign up for the Crypto.com Pay Checkout service. Crypto.com reported that through the Crypto.com Pay Checkout, online merchants may offer their customers the option to pay with… Read More

February 24, 2020 @ 2:25 pm By Omar Faridi  |  

Central bank heads and finance ministers recently held discussions regarding crypto-asset regulations at the G-20 summit.  Japanese officials working at the Bank of Japan (BOJ), the nation’s Ministry of Finance (MOF), and Financial Services Agency (FSA) have held talks in order to determine whether the… Read More

February 24, 2020 @ 10:18 am By Samantha Hurst  |  

ShapeShift AG, an instant exchange for Bitcoin digital currency and other blockchain assets, has reportedly appointed Lisa Loud as its new COO as it reportedly prepares its expansion. As previously reported, ShapeShift helps customers convert between them, for example exchanging a token on the Bitcoin… Read More

February 24, 2020 @ 7:41 am By Omar Faridi  |  

Christopher Giancarlo, former chairman at the US Commodity Futures Trading Commission (CFTC), recently stated that it may be time for the US Federal Reserve to introduce a digital currency. Giancarlo, whose comments came during Yahoo Finance’s On the Move show on February 21, said that… Read More

February 21, 2020 @ 11:25 pm By Samantha Hurst  |  

KuCoin, a Singapore-based global cryptocurrency exchange, announced on Thursday the launch of its new one-stop crypto trading platform solution product, KuCloud. According to KuCoin, Kucloud offers two products, XCoin and XMEX. It is also able to deliver key functionalities of KuCoin Spot platform and KuMEX… Read More

February 21, 2020 @ 10:11 am By Samantha Hurst  |  

Fidelity International, a spin-off from the U.S. financial services brand Fidelity Investments, has reportedly invested $14 million in BC Group (stock code: 863 HK), the Hong Kong-based operator of crypto exchange OSL. Founded in 2018, OSL claims to be the Hong Kong region’s most comprehensive… Read More

February 21, 2020 @ 8:25 am By Samantha Hurst  |  

Norweigan Air is set to allow customers to pay for flights using cryptocurrency. According to Coindesk, Stig Kjos-Mathisen, Norwegian Block Exchange (NBX) CEO and son-in-law of Bjørn Kjos, Founder and CEO of Norwegian Air, reportedly stated that his crypto trading platform has successfully developed payment… Read More

February 21, 2020 @ 8:05 am By Omar Faridi  |  

Sweden has reportedly begun piloting an electronic version of its national currency, the krona. The European nation’s government says that the e-krona is a step closer to its official launch as a central bank digital currency (CBDC). The testing of the country’s CBDC will go… Read More

February 18, 2020 @ 9:14 pm By Samantha Hurst  |  

Blockchain software firm BitGo announced on Tuesday it has acquired Harbor, a digital securities platform, and its broker-dealer and transfer agent subsidiaries. BitGo reported that the acquisition extends its capabilities to address a wider class of digital assets for institutional investors and provides a foundation… Read More

February 14, 2020 @ 11:20 pm By Samantha Hurst  |  

Cryptocurrency exchange platform Coinbase announced earlier this week that Coinbase Custody completes two System and Organization Controls (SOC) examinations. The examinations, SOC 1 Type 2 (SOC 1) and SOC 2 Type 2 (SOC 2) were done for the period of July 1, 2019 to December… Read More

February 14, 2020 @ 1:51 pm By Samantha Hurst  |  

Japan-based crypto tech platform Bitcoin.com announced on Thursday the launch of Mint, a free token creation platform. According to Bitcoin.com, Mint was created to Mint to “drive blockchain adoption as it fuels the development of a vast new token ecosystem.” “Mint supports a specific type of… Read More