Crypto enthusiasts in the UK have just received a big boost after news that the world’s most popular crypto exchange, Coinbase, would be rolling out British pound support for both Coinbase prime institutions and Coinbase pro Active traders. This will…
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Foreign Exchange Service, CLS, in Final Tests of a Block Chain Payment Service
A blockchain payment service for banks initiated by CLS, a foreign exchange (FX) settlement service is in its final stages of testing. The service is due for launch later in the summer with no less than 7 banks showing a…
New CTO At Ripple Reveals That Banks Are Afraid Of Being Disrupted By Emergent Technologies
Ripple’s Stefan Thomas was replaced as the company’s Chief technology officer (CTO) by David Schwartz who formerly held the chief cryptographer’s position at Ripple. Stefan Thomas formerly of Ripple now famously runs the Codius smart contract platform through his company,…
SBI Launches First Bank Owned Crypto-currency
The world’s first crypto-currency to be owned by a bank is finally here. This comes two years after its initial announcement and after months of constant delays and hiccups. An announcement made on Tuesday confirmed the news, sending shockwaves through…
IBM to Unveil FDIC Insured Price Stable Crypto-currency
An invention from the great depression and 21st century technology has combined to make a stab at creating a crypto currency that will be pegged on the US dollar or “Stable Coin”. A startup known as stronghold is behind this…
Binance Expects a Billion Dollar Profit in 2018
So far 2018 hasn’t smiled on the crypto-currency market since the cumulative value of crypto has suffered a 70% decline. This massive fall has led to most speculators and commentators predicting an exodus from the industry. The Situation is quite…
Business in Taiwan take new course as banks launch blockchain payment systems
Author : Sam On Sunday, Taipei Fubon Commercial Bank declared that it had introduced a blockchain based payment system for retail purposes. The launch of this Ethereum- based Blockchain system of payment comes barely a year since the development of…
3.5 Million Active Traders in Japan Adopt Cryptocurrency, Future of Global Cryptomarket Looks Bright
Positive news of more cryptocurrency adoption and trading are now coming from Japan. It has been recorded that 3.5 Million crypto traders are becoming more active in Japan according to recent data from Japan’s Financial Services Authority. In a survey…
Goldman Sachs Lists Cryptocurrencies as a Business Risk
America’s financial services Goldman Sachs admitted that cryptocurrencies and the blockchain pose a significant business risk to the overall business strategy. This follows the last week’s declaration by Bank of America, which stated that cryptocurrencies are a threat to its…
The Banks against Cryptocurrencies: Bank of America, JP Morgan move to Ban Credit Cryptocurrencies Purchases
The bitcoin had a tough month with market regulations, ban and rejections increased. Regulators, banks, and governments have been at the center as they try to protect the mainstream markets from the disruptive nature of the digital currencies. Most of…