New Generation of Mobile Crypto-Fiat Trading Solution
Tap’s internal Alpha was released earlier this week and the initial reaction from those that have seen it is pure excitement. Knowing how complicated managing your crypto portfolio is and how difficult it is to utilize your crypto in everyday situations, it was a breath of fresh air to see how simple, intuitive and complete the […]
Venezuela jails 34 store managers on charges of price gouging
Venezuela’s President Nicolas Maduro said on Thursday that 34 supermarket managers had been jailed on charges of hiding food and gouging prices, in the leftist government’s latest crackdown on businesses as the country struggles under a severe economic downturn. “We had a group of supermarkets that hid the products from people and started to charge […]
Cred Secures $200M in Credit Facility, Now Available on Uphold
Cred, the decentralized global lending platform, has secured $200,000,000 USD in crypto-backed lending facilities. In addition to securing this unprecedented lending facility, Cred has also announced an important milestone in their partnership with Uphold. Cred’s LBA token is now available in 170+ countries on Uphold’s secure crypto and fiat banking platform. Uphold users will be […]
LINE Unveils Ambitious Plan for Crypto Token Ecosystem
LINE, the messaging app giant from Japan, has unveiled plans that will see it launch an ambitious, token-powered ecosystem by the end of 2018. Aimed at capitalizing on the company’s big user base – LINE claims to have more than 160 million monthly active users – the plan is centered around its previously announced LINK token. […]
Swiss Crypto Startup Eidoo Announces Token Tied to the Price of Gold
Eidoo has become the latest cryptocurrency startup to seek to create a more stable token by tying it to the price of gold. The Switzerland-based startup says the ERC-20-compatible token, dubbed the ekon, will sit alongside its multicurrency wallet and decentralized exchange. But perhaps more notably, each token will be redeemable for one gram of […]
Startup Launches Blockchain Powered Electric Vehicles That Mine Cryptocurrency
A Singapore blockchain startup is launching a fleet of blockchain-enabled electric vehicles that mine crypto as users travel. The company intends to reduce carbon emissions and to reward people for doing so. Road vehicles such as cars, trucks and motorcycles are the largest contributors of CO2 emissions in the transport sector, overshadowing that of trains, […]
Asian Demand High for Bitcoin Futures
Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. Wilson discussed his observations on cryptocurrency trading trends and his view on the future for the technology. Referencing […]
China’s Crackdown Insufficient to Enforce Crypto-ban
The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its cryptocurrency custody services last week in China despite the mainland ban. The Shanghai startup proposes to attract cryptocurrency exchanges as its primary clients, believing they […]
Paris Saint-Germain Soccer Club to Launch Fan Token
French soccer club Paris Saint-Germain (PSG) is partnering with blockchain platform Socios.com to launch a token ecosystem, according to a press release shared with Cointelegraph September 11. PSG plays in the highest tier of France’s soccer league and has been hailed as the country’s “most popular” team. Socios describes itself as a digitized, tokenized form […]
Brian Kelly: ICOs Here to Stay
In a recent interview with Cointelegraph, Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that Initial Coin Offerings (ICOs) are around to stay, but with some changes. Kelly, who is also a crypto analyst and regular contributor to CNBC, sat down with Cointelegraph to discuss various aspects of the […]
DORA Investigates 3 Cryptocurrency Firms Behind Unregistered ICOs
Colorado’s Department of Regulatory Agencies (DORA) has revealed plans to asses three crypto-based firms offering “unregistered Initial Coin Offerings” in the state as part of an ongoing investigation into a practice being used by fraudulent companies to defraud members of the public. The investigation is being carried out by members of the Division of Securities, […]
South Korean Proposes Special Zone for ICOs
A South Korean lawmaker has reportedly proposed designating a regulation-free special cryptocurrency zone aimed at initial coin offerings. It has been about a year since token sales were banned in the country but the government has yet to introduce any guidelines for them. Jung Byung-guk, a leader of South Korea’s Bareunmirae Party, revealed at a […]
Accelerator to Train 1000 Staff in Blockchain Over 2 Years
U.K.-based multinational professional services network PricewaterhouseCoopers (PwC) will bolster its employees’ blockchain knowledge through a dedicated program next year, Digiday reported Thursday, August 30. Part of a coordinated push to enhance digital awareness, the company will put 1000 staff through its Digital Accelerators program, which will run for two years from January. Participants will forego a portion of their […]
Crypto Exchange Giant Huobi Gains Controlling Interest in Public Firm
Crypto exchange giant Huobi has completed the purchase of majority shares of Hong Kong-based investment holding company, Patronics Holdings Limited (PHL). The development will see Huobi take over interest in an aggregate of 215,576,000 Shares, representing approximately 71.67% of the issued Shares as at the date of completing the transaction. Earlier this month, by the […]
Iran’s Central Bank Figure Hints Cryptocurrency Ban Will End
Iran will likely reverse its cryptocurrency ban in September, a central bank official told a conference August 26, paving the way for official regulation in the country. The country, which introduced a blanket ban on trading in April this year, has since seen economic turmoil return to its economy in light of fresh US sanctions, […]
It’s Getting Harder to Pump Up Prices in Cryptocurrency Markets
It’s getting hard to pump amid the dump in the $209 billion cryptocurrency market,Bloomberg reports August 24. At least that appears to be the case when you look at Tether, one of the most-traded digital assets and also one that’s allegedly been used to manipulate the price of Bitcoin. Over half a billion dollars of Tether […]
Bitcoin in December: $30,000
Yesterday, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $5,000 region before recovering and initiating a 2017-esqe […]
Japan’s Financial Regulator Wants Crypto Industry to ‘Grow Under Appropriate Regulation’
The commissioner of Japan’s financial regulator the Financial Services Agency (FSA) said that the agency wants the cryptocurrency industry to “grow under appropriate regulation,” in an interview with Reuters August 22. Toshihide Endo, commissioner of Japan’s FSA, told Reuters he sees the agency’s goal for developing the crypto industry as finding a “balance” between consumer […]
US Border Officials to Test Blockchain
U.S. Customs and Border Protection (CBP) plans to trial blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates. CBP Division of Business Transformation and Innovation head Vincent Annunziato said the agency was beginning a “live fire testing” of a blockchain platform to certify that imported products […]
Salary Systems to Petro Cryptocurrency
Venezuela is set to begin using its “petro” cryptocurrency as an official accounting unit, according to the country’s president. ABC International reported the development on Tuesday, citing a televised announcement by President Nicolas Maduro, who first unveiled the petro back in December. As part of the change, the state oil and gas company Petróleos de […]
