Binance Responds to Notre Dame Tragedy by Launching Crypto Donation Channel

Major global crypto exchange Binance has launched a crypto donation program to support the reconstruction of the Notre Dame cathedral, the firm tweeted on April 16. Binance has initiated a donation program “Rebuild Notre-Dame,” calling the crypto community to support their campaign to restore the medieval cathedral that suffered “colossal damages” from a major fire that nearly destroyed the landmark on April 15. In…

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Thailand Is Opening Up to Crypto, One Step Closer to ICO and STO

Since July, Thailand and its Securities and Exchange Commission (SEC) have voiced their intent to legalize the local initial coin offering (ICO) market and open it to startups. On Dec. 1, 2018, however, Cointelegraph reported that the Thai SEC declared Thai-related security token offerings (STOs) in international markets to be illegal and said that it will take appropriate legal…

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Crypto Exchange Poloniex Adds Support for USDT on Tron Blockchain

Major cryptocurrency exchange Poloniex will support Tether’s stablecoin USDT coin on the Tron (TRX) blockchain, according to an announcement published on April 19. United States-based digital currency exchange Poloniex has added support for deposits and withdrawals of USDT on the Tron network. The development will reportedly support Tether on both chains —  USDT issued on the Omni protocol and the Tron network.…

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Central Bank of Russia Reviews Potential Benefits and Drawbacks of CBDCs

The central bank of Russia has reviewed the potential benefits and drawbacks of central bank digital currencies (CBDC) in a policy brief published on April 18. In the document, entitled “Is there a future for central bank digital currencies,” the Central Bank of the Russian Federation outlined a number of potential benefits of CBDCs, such as their capability to reduce transaction costs in the economy, as…

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Stablecoin USDT Launched on Tron Blockchain

Tether has started issuing its stablecoin USDT on the Tron (TRX) blockchain. The development was announced in a blog post published on April 17. The development is an upgrade from the OMNI protocol-based USDT —  which is pegged to the United States dollar on a 1:1 basis — that now enables users to hold and transfer the cryptocurrency through smart contracts on Tron…

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Facebook Seeking $1 Bln in Venture Capital for Crypto Project

Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8. Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project…

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Coinbase has launched Coinbase Visa Card enable customers to pay with cryptocurrency

Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10. The Coinbase Card is a Visa debit card powered by customers’ Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide. Coinbase instantly converts customers’ cryptocurrency…

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Cryptonite Protects You From Phishing Sites and Fake Profiles

Cryptonite is an anti-phishing and anti-fraud software developed by Metacert, a company that offers internet security solutions for various platforms, devices and applications. The addon is available for major browsers such as Google Chrome, Mozilla Firefox, Opera, and Brave, which is gaining popularity in the crypto community. Once installed in your browser, the extension informs…

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IMF and World Bank Launches Private Blockchain-based Cryptocurrency

IMF and World Bank Launches Private Blockchain-based Cryptocurrency A number of financial institutions are known to be pessimistic about Bitcoin and even blockchain technology. Nonetheless, the International Monetary Fund (IMF) and World Bank, two of the largest international financial institution have launched a quasi-cryptocurrency that is based on a private blockchain, according to a recent…

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Japanese Regulator FSA Hears Arguments for not Calling Bitcoin a Virtual Currency

Japanese finance regulator the Financial Services Agency (FSA) no longer wishes to describe Bitcoin (BTC) as a virtual currency, Cointelegraph Japan reported on April 8, quoting minutes of a meeting originally held on March 4. During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita Goto of the Public…

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