The cryptocurrency industry is still largely opposed by traditional financial proponents, though there are a few people in government that seem interested in the potential of the technology. As one of Georgia seats opens up, the governor has chosen to appoint a prominent member of the crypto community – Kelly Loeffler, CEO of Bakkt. President…
Mitsubishi UFJ Financial Group Bank (MUFG) has released a statement saying that while it has agreed to collaborate with Recruit, the details of the joint project have not yet been made public. MUFG is Japan’s largest bank and the 5th in the world. The rumors that it may launch a new digital currency in Japan have been…
The cryptocurrency scene across Asia-Pacific is fairly innovative, though Korea has notably adopted at a much slow pace than surrounding countries. To bring more opportunity to the institutional investors of South Korea, DXM and Ledger are combining forces to provide a custodial solution that is meant specifically for this demographic. The new product from DXM…
Tribe Accelerator was supported by the government of Singapore via Enterprise Singapore and they are in the news once again. Tribe was able to successfully raise an extra $16 million (21.5 million Singapore dollars). The fund is for blockchain startups that have been seen as active. Brilliant Moves The funds specifically are for a set…
In spite of several countries embracing blockchain technology, many of them continue to express their skepticism for anything crypto-related. WTO (World Trade Organization) the intergovernmental organization that is tasked with formulating rules to govern global trade are among the few world bodies to showcase their appreciation for this technology. https://twitter.com/wto/status/1201428429016571905 Its appreciation for the revolutionary…
MoneyGram is extending its debit card deposit service internationally in collaboration with Visa via Visa Direct The service allows MoneyGram customers to send money in real-time This adds 50% new users to MoneyGram and retention rates that are “outperforming expectations” The global provider of money transfer services MoneyGram is now extending its debit card deposit…
NVIDIA, the systems and GPU chips manufacturer has introduced a new AI and blockchain-based computing platform that will make it possible for healthcare providers to reduce the analyses of multifarious Three-dimension models to a few minutes from the many hours it previously took. Referred to as Clara Federated Learning, this intelligent edge platform is expected…
Ex-Bitmain CEO Jihan Wu’s Matrixport crypto startup starts expansion plans from Asia to Europe in opening up a new office in Zurich to begin offering its lending, trading and custody services. A cryptocurrency startup based in Singapore called Matrixport is about to open up a new office in Europe. The startup, which was created by…
The cryptocurrency industry has come quite a way since it began, though there are still many traditionalists in finance that are apprehensive. One of their own, Dan Morehead, recently sat down for an interview with Dan Tapiero to shed some light on Bitcoin’s history, cryptocurrency regulation, and the difficulty of getting newcomers on board. Dan…
A financial research institute has released a statement on legal proceedings following a digital currency for the Central Bank. Numerous countries are working towards having and using digital currencies. Japan seems to be the latest nation to jump on the wagon. Even though Bank of Japan Deputy Governor said earlier this year that there were no…
Sri Lanka’s Central Bank has launched a proposal to develop a know-your-customer (KYC) platform based on blockchain. The Central Bank posted the announcement on their website, on November 29. The announcement says the bank is looking for tech companies that are up for building a proof-of-concept and shared KYC system in the banking sector. The…
Softbank, a Japan-based holding company, has just announced an original debit card that includes a built-in crypto wallet. In a press release from December 1st, SoftBank announces that it has developed the blockchain built-in wallet debit card in partnership with Dynamics, a US-based company that developed the card. The product has been named SBC Wallet Cards which…
Another crypto exchange bites the dust, decides to no longer serve the customers CryptoBridge to close deposits after Dec 3 and withdrawals after Dec 15 Users asked to start the verification process Market conditions, increasing regulation and funding issues forced the hand Users on Reddit calling “exit scam” says the platform not letting making withdrawals…
The technology giant IBM has recently been awarded a new patent. While companies such as Amazon and FedEx are working on drones that can quickly deliver packages, IBM is going through another route and looking for ways to prevent drones from actually stealing these packages when they are being sent to destinations. IBM envisioned two modern…
Transaction fee mining is a despicable process to traders in the crypto community, and the exchanges that use these protocols was just under $200 billion in trade volume last month. However, recent reports from CryptoCompare suggest that the volume is starting to decline for these exchanges. The community involved in the crypto industry don’t typically…
