A United States banking first is upon us with one of the country’s top banking giants, JPMorgan Chase (JPM) launching its own crypto-currency, as reported by CNBC on February 14. The US banking giant is set to popularize its own…
Luxembourg’s Blockchain Framework Bill is now Law
Lawmakers in Luxembourg have just passed a bill 7363 into law, facilitating the use of Blockchain technology in financial services, according to an official announcement published by the country’s August house on February 14. This new piece of legislation aims…
Former Goldman Sachs partner, believes Bitcoin will be Gold’s Digital Equivalent
Former Goldman Sachs partner, Mike Novogratz, who is also the founder of crypto merchant bank Galaxy digital, argued that Bitcoin (BTC) occupies a special place in the crypto world; while on an interview with Bloomberg TV. While reflecting on the…
Phillipino Bank Launches Inaugural Crypto ATM
Local publications indicate that Union Bank of the Philippines, which is one of the largest commercial banks in the Philippines, has just launched the country’s inaugural crypto ATM. An official statement from the bank following the launch, said that the…
Mauritius will issue Licenses to Crypto Custodians this March
As part of her plan to create a Fintech hub “in and for” Africa, Mauritius will soon license digital asset custodians. An announcement made on Friday by the African island nation’s financial services Commission (FSC) said that after having published…
Nvidia Project Weaker Sales Due to Crypto Winter
A press release from Jan 28 reported that Taiwan based computer hardware company, Nvidia, updated financial estimates for Q4 for the 2019 fiscal year. The company is forecasting weaker sales in its gaming and data center platforms coming from excess…
Bitcoin Trading in Venezuela Peaks amid Economic and Presidential Crisis
News coming out of troubled Venezuela indicates that Bitcoin trading has reached an all-time high. This is on the backdrop of hyperinflation and an ongoing presidential conundrum that has plagued the country for a while. Bitcoin weekly trading volumes in…
Saudi Arabia and UAE launch Joint State-backed Crypto-currency
Two middle-east neighbors; Saudi Arabia and The United Arab Emirates (UAE) have a launched a government backed crypto-currency which will facilitate cross-border payments. This state-backed crypto was one of the agenda’s in the 7 point co-operation plan unveiled on the…
How XRP Could Hit $692 per Coin in 2019
The crypto winter of 2018 which has extended into the first month of 2019 is a sharp contrast to what we saw in 2017. The biting crypto winter has not shaken the belief in crypto markets though, with top crypto-currencies…
The Philippines Introduces New Rules to Regulate the Country’s Crypto Industry
According to a press release published by the Asia Blockchain and Crypto association (ABACA) on February 4, the Philippines has introduced new rules that will govern Digital Asset Token Offering (DATO). The new set of regulations unveiled by the country’s…