New Trade Organization to Promote Blockchain Established in Switzerland

  A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12. The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provider ...
Continue reading
  293 Hits
293 Hits

Russian Gov’t, Corporate Giants Form Joint Venture to Develop in Blockchain, IoT

Multiple Russian corporate giants, including state-owned Gazprombank, have created a joint venture that plans to develop projects in blockchain and the digital economy, local news outlet TASS reported June 9. Russian telecom company MegaFon, Gazprombank, government corporation Rostec, and the USM Group have created a joint venture – referred to as ...
Continue reading
  354 Hits
354 Hits

Six German Banks Have Been Trading Bitcoin for Some Time

An interesting connection between traditional finance and cryptocurrency has become apparent over the past few months. In Germany, various financial institutions are trading Bitcoin despite the lack of regulation. That is a surprising development, and an interesting one to keep an eye on. German Banks Embrace Bitcoin It has become rather apparent t...
Continue reading
  359 Hits
359 Hits

Adding Ethereum Classic Support to Coinbase

  We are pleased to announce our intention to add support for Ethereum Classic (ETC ) to Coinbase in the coming months. We are announcing this both internally and to the public consistent with our process for adding new assets . Per this process, we will now begin the engineering work (Step 4) for supporting Ethereum Classic. As part of this p...
Continue reading
  506 Hits
506 Hits

Crypto Exchange Binance to Offer Fiat-Crypto Trading via Malta-Based Platform

  Crypto exchange Binance announced plans to allow fiat-crypto trading this year through a separate Malta -based exchange, a Binance representative told Cointelegraph today, June 11. Binance is currently the second largest cryptocurrency exchange by 24-hour trading volume , seeing about $1.5 bln in trades on the day to press time. While Bloomb...
Continue reading
  404 Hits
404 Hits

The entrepreneur’s guide to the South Korean tech ecosystem

  Even though some people might have a hard time pointing out South Korea on a map, almost everybody knows South Korean companies like Samsung and LG — but they aren't the only noteworthy companies in the country. Many other interesting companies play an important role in the South Korean tech scene, and it's hard to discuss one's business exp...
Continue reading
  292 Hits
292 Hits

Bitcoin’s $30 billion sell-off: insights from crypto money supply analysis

Key findings As reported by the Financial Times , we apply concepts of money supply to bitcoin to better understand the crypto-economy. This enables us to classify bitcoin users into speculators, services, investors and lost bitcoin. We find that: Long term investors sold $30 billion of bitcoin to new speculators between December 2017 and April 201...
Continue reading
  376 Hits
Tags:
376 Hits

Governor of Connecticut Signs Blockchain Working Group Bill Into Law

  Connecticut governor Dannel Malloy signed SB 443 into law, which establishes a blockchain working group to study the technology, according to public documents June 6. The working group is also tasked with shaping a plan to "[foster] the expansion of the blockchain industry in the state." The bill accordingly passed both legislative houses la...
Continue reading
  541 Hits
541 Hits

Binance, NEO Lead $12 Million Investment In AngelList Crypto Spin-Off Republic

  Invented to democratize access to funding, it could be argued the crypto token hasn't quite lived up to its goal. Already gone are the days when any investor could get access to the next big offering (most early issuances, it seems, are now catering to the same stable of Silicon Valley VCs). But one new project is looking to right the narrat...
Continue reading
  328 Hits
328 Hits

Bank of Italy Deputy Governor: Gov’t Cryptocurrencies Can Save EU up to €76 Bln

  Fabio Panetta, deputy governor of the Bank of Italy, gave a keynote address focused on central bank digital currencies (CBDCs) at the SUERF/BAFFI CAREFIN Centre Conference in Milan Thursday, June 7. Unlike cryptocurrencies - "a liability belonging to nobody" - the deputy governor stressed from the outset that a CBDC would be a liability of t...
Continue reading
  325 Hits
325 Hits

Third Largest Crypto Exchange Huobi Creates New Platform in US

Huobi, the world's third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US , Financial Magnates reports Friday, June 8th. The platform comes via a newly created San Francisco-based company called HBUS , which, as stressed in a Medium post earlier this week: "...is not an "arm," "subsidiary," "...
Continue reading
  432 Hits
432 Hits

Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements

  The Bank of Thailand (BoT) is considering issuing its own cryptocurrency , the bank's governor revealed in a speech June 5. In his keynote on Thai economic development at Nomura Investment Forum Asia (NIFA) in Singapore, BoT governor Veerathai Santiprabhob spoke of a new project in which the central bank and other Thai banks join forces to d...
Continue reading
  390 Hits
390 Hits

Investment Firm VanEck Attempts New Bitcoin ETF Filing, Aims at Institutional Players

  VanEck and SolidX Partners Inc. have filed a request to list a Bitcoin-based exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), Bloomberg reports June 6. VanEck is an NYC-based investment management firm with $38 bln under management and SolidX is a provider of blockchain software development and financial ser...
Continue reading
  395 Hits
395 Hits

Chinese Central Bank Develops Blockchain System to Digitize Paper Checks

  The People's Bank of China (PBoC) has revealed a blockchain -powered system to digitize paper checks, local media Financial News reports June 5. The system aims combat financial fraud as well as reduce expenses for printing checks. According to Di Gang, an official at the bank's digital currency research department, the platform comes after ...
Continue reading
  364 Hits
364 Hits

Swiss Bank Becomes First in Country to Offer Business Accounts to Crypto Companies

Hypothekarbank Lenzburg has become the first bank in Switzerland to provide business accounts to blockchain and cryptocurrency companies, Cointelegraph auf Deutsch reported June 6. While Falcon Private Bank has provided crypto asset management services since last year, Hypothekarbank Lenzburg CEO Marianne Wildi confirmed that they are first bank in...
Continue reading
  286 Hits
286 Hits

Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker Dealer

  Leading US cryptocurrency trading platform Coinbase initiated the process to become a fully regulated broker dealer by the US Securities and Exchange Commission (SEC). According to an announcement published June 6, this is made possible by the acquisition of securities dealer Keystone Capital Corp. in addition to Venovate Marketplace, Inc., ...
Continue reading
  326 Hits
326 Hits

SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are

  Jay Clayton, the chair of the US Securities and Exchange Commission ( SEC ), believes that Bitcoin (BTC) is not a security since it acts as a replacement for sovereign currencies, CNBC reports today, June 6. Clayton, when speaking about the "incredible promise" of distributed ledger technologies driving efficiencies in markets, clarified dur...
Continue reading
  423 Hits
423 Hits

‘WE THINK IT IS GOING TO EXIST FOREVER’: SUSQUEHANNA OPENS BITCOIN TRADING DESK

  US financial company Susquehanna International Group announced it will offer Bitcoin trading to 500 clients following two years of offering the cryptocurrency in "private deals," the New York Times reports. CRYPTO ASSETS WILL 'CHANGE FINANCIAL SERVICES' Susquehanna International Group , an international trader which has headquarters in Penns...
Continue reading
  498 Hits
498 Hits

Crypto Exchange Huobi to Bankroll Own Blockchain With $100 Mln Dev Fund

  Huobi, is announcing the launch of its new public blockchain , the Huboi Chain Project (HCP), the company's spokesperson told Cointelegraph. As of press time, Huobi is the world's third largest digital currency exchange by trade volume, according to Coinmarketcap . In order to create the new blockchain, Huobi will fund the Huobi Chain Superh...
Continue reading
  307 Hits
307 Hits

South Africa’s Central Bank Pilots Tokenized Fiat Interbank Payment System

  South Africa's Central Bank (SARB) has successfully piloted a Proof-of-Concept (PoC) for an interbank payment system that tokenizes fiat using Quorum , according to an SARB press release published June 5th. Quorum is an Ethereum -based private blockchain. According to SARB's report on the pilot, dubbed 'Project Khokha,' all of the bank's goa...
Continue reading
  413 Hits
413 Hits