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Ripple’s xCurrent-Based Money Tap Gains Seven New Banks As Equity Holders
Ripple has recently made the news for announcing that it would invest $50 million USD on MoneyGram and SBI Holdings, a Japanese financial services company. Now, the company is on the spotlight again and, fortunately, it is because of good news once more. дальше »
2019-6-28 02:44 | |
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Ripple’s xCurrent-powered Money Tap attracts investments from seven new banks
Not long after Ripple announcing a $50 million investment in MoneyGram, SBI Holdings, a financial services company based in Tokyo, announced that it had on-boarded seven new banks as Money Tap’s equity holders. дальше »
2019-6-28 20:30 | |
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BRIKCOIN tackles the UK’s affordable housing crisis using blockchain
BRIKCOIN tackles the UK’s affordable housing crisis using blockchain - CryptoNinjas Property start-up BRIKCOIN has developed a unique financial model to answer the huge deficit in the affordable housing availability in the UK while solving the lack of liquidity for investments into private developments. дальше »
2019-6-25 16:57 | |
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Western Union Is Still Warming Up To Ripple And XRP – CEO Hikmet Ersek
Ripple has been putting in lots of work to win over as many customers as possible across the financial sector. Many of these new customers joining RippleNet have been banks and other financial institutions like Western Union and MoneyGram. дальше »
2019-6-22 16:24 | |
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Why Japan’s Biggest Messenger is Launching a Crypto Exchange For 80 Million Users
By CCN Markets: Line, the most widely utilized messaging application in Japan with more than 80 million users is set to receive approval from Japan’s Financial Services Agency as early as June to launch a crypto exchange, according to a Bloomberg report. дальше »
2019-6-21 16:05 | |
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Report: QuadrigaCX CEO used fake trades to misappropriate users’ cryptocurrency
The Canadian cryptocurrency exchange QuadrigaCX appears to have been playing with fire long before it collapsed – and took $134 million with it – earlier this year. According to the latest report from administrators, EY, QuadrigaCX had been operating a fraudulent cryptocurrency exchange. дальше »
2019-6-20 11:32 | |
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BlockCerts raises $25 million to scale business blockchain solution
BlockCerts raises $25 million to scale business blockchain solution - CryptoNinjas BlockCerts, a blockchain-based token platform, today announced the closing of a $25 million investment by The Hillcore Group and Robson Financial Group. дальше »
2019-6-18 19:39 | |
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British Bitcoin Scammer Pleads Guilty for Defrauding US Victims of $50 Million
By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court. дальше »
2019-6-18 17:42 | |
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Remember MySpace? Underestimate Facebook Crypto at Your Own Peril
By CCN Markets: When it comes to what’s gone wrong with Big Tech, the only surprise you would expect is if Facebook was missing from the list. From data privacy violations to aiding genocide to enhancing the spread of fake news, the social media giant has become a global ignominy. дальше »
2019-6-16 18:37 | |
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PayPal, Mastercard, Visa, Uber and Stripe investing in Facebook’s new cryptocurrency
PayPal, Mastercard, Visa, Stripe, and Uber will be among over a dozen companies investing approximately $10 million each to back Facebook’s new cryptocurrency. Announced in the Wall Street Journal, the companies will join a consortium to govern the token. дальше »
2019-6-14 09:57 | |
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Visa, Paypal Say They’ll Pay $10 Million to Run ‘Facebook Coin’ – Report
Big companies like Visa and PayPal are reportedly willing to pay millions for the privilege of running a node on the Facebook cryptocurrency network. Facebook’s foray into crypto has been met with mixed reaction. дальше »
2019-6-14 08:30 | |
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Reuters, Bloomberg Terminals, TradingView Add AI-Powered Crypto Index for Top 100 Coins
The half a million traditional traders that use the Reuters and Bloomberg financial terminals will now have access to an index for the 100 strongest-performing cryptos and tokens
дальше »2019-6-14 14:48 | |
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Bitcoin Futures Record Volume Reflects ‘Incremental’ Institutional Demand
Record Bitcoin futures volume in May is leading mainstream media to determine that Bitcoin is becoming a mature financial asset class. CME’s Half-Billion Dollar Bitcoin Market As Blockchain investor Oliver Isaacs noted June 13, CME Group’s Bitcoin futures set new records for both volume and open interest last month. дальше »
2019-6-13 13:00 | |
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Spring Labs raises $23 million to develop financial data blockchain network
Spring Labs, the company developing the Spring Protocol, a blockchain-based platform designed to transform how information and data are shared globally, today announced that the company has raised $23 million in Series A funding. дальше »
2019-6-12 20:00 | |
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Banks and Big Businesses Scramble for Their Own Digital Cash
Last week Reuters reported that several of the world’s biggest banks have invested $50 million to “create a digital cash system to settle financial transactions”. It’s an on-going project, according to the report, involving the likes UBS, Credit Suisse, Barclays, and Deutsche Bank. дальше »
2019-6-12 13:00 | |
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The Most Insane $1 Million and Beyond Bitcoin Price Predictions
By CCN: Bitcoin price predictions are a dime a dozen. They can go anywhere from zero to over a million dollars. Some bettors like John McAfee are so confident that they are ready to go through absurd lengths (such as consuming their own member) to show their conviction. дальше »
2019-6-10 22:30 | |
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Facebook’s GlobalCoin Node Is Worth $10 Million Per License
In a bid to boost public confidence in its proposed GlobalCoin cryptocurrency and reassure financial regulators, leading social media network, Facebook is reportedly looking to hand over the management of Project Libra to an independent foundation. дальше »
2019-6-8 23:00 | |
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Bitcoin [BTC] can serve the unbanked with full power of a financial institution, claims Andreas Antonopoulos
As the world closely keeps up with ongoing developments in crypto, thought leaders in the space are doing their best to promote it and its underlying technology. Recently, Justin Sun made headlines after managing to bag a $4. дальше »
2019-6-4 11:00 | |
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Swiss multi-national investment bank, USB introduces Fnality International with investment of $63.2 million
USB Group AG, a Swiss multi-national investment bank and financial services company, will be using its own digital currency for cross-border payment settlements. A report published by MarketWatch stated that a total of fourteen firms have developed a coin named, Utility Settlement Coin [USC], and among those firms includes leading banks of the United States, […] The post Swiss multi-national investment bank, USB introduces Fnality International with investment of $63.2 million appeared first on AMBCrypto. дальше »
2019-6-4 01:30 | |
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Swiss multi-national investment bank, UBS introduces Fnality International with investment of $63.2 million
UBS Group AG, a Swiss multi-national investment bank and financial services company, will be using its own digital currency for cross-border payment settlements. A report published by MarketWatch stated that a total of fourteen firms have developed a coin named, Utility Settlement Coin [USC], and among those firms includes leading banks of the United States, […] The post Swiss multi-national investment bank, UBS introduces Fnality International with investment of $63.2 million appeared first on AMBCrypto. дальше »
2019-6-4 01:30 | |
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Big banks are launching a blockchain trade platform powered by ‘Bitcoin-like’ token
The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market. A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades worldwide with its own “Bitcoin-like” token. дальше »
2019-6-3 13:22 | |
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Celsius has Facilitated $1.2 Billion in Crypto Loans in 10 Months, With Over $200 Million in Deposits
Depositors from more than 100 nations have received interest paid from over $1. 2 billion in loans issued to hedge funds and crypto exchanges. Celsius Network, a top cryptocurrency lending, and borrowing platform has announced its listing on Liquid, a leading crypto exchange focused on bridging the gap between the traditional financial system and the crypto […] The post Celsius has Facilitated $1. дальше »
2019-6-3 07:26 | |
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Australian Government Publishes Update on Cryptocurrency and ICO Rules
The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs). дальше »
2019-6-1 19:04 | |
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Op Ed: Debunking Bitcoin Myths: The ‘Intrinsic Value’ Fallacy
A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. дальше »
2019-6-4 23:41 | |
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Op Ed: Debunking Bitcoin Myths, The ‘Intrinsic Value’ Fallacy
A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. дальше »
2019-5-31 23:41 | |
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Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report
By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. дальше »
2019-5-25 05:00 | |
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Brazil: Criminal gang dupes 55,000 Brazilians of over $200 million via crypto-investment scheme
Federal Revenue Service, the financial governing body of Brazil, announced that a criminal gang duped 55,000 investors by swindling over $200 million. All of these investors were duped by the gang by promising exponential returns, the FRS stated. дальше »
2019-5-24 13:30 | |
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Movie Producer’s Proxima Media Unveils $100 Million Investment For Proxicoin Crypto Project
The U. S. film producer Proxima Media unveiled a new $100 million investment for a cryptocurrency project closely related to the film industry. The information was released by the news outlet TheWrap on May 23rd. дальше »
2019-5-24 03:03 | |
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Ripple-backed InstaReM to roll out cross-border transactions by collaborating with Thailand’s Kasikornbank
Ripple-backed InstaReM, the cross-border payments company, has been making headlines consistently. Just a couple of months back, its CEO Prajit Nanu had announced plans of advancing financial inclusion by improving remittance methods. дальше »
2019-5-23 17:30 | |
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Tether Blockchain Snooping Reveals $12 Million Worth of USDT Sent From Treasury to Unknown Wallet
Tether and Bitfinex are at the center of an ongoing raging controversy which does not seem to die down any time soon. It all started with Bitfinex covering their losses with its USDT reserve and then manipulating their financial sheets to show no losses at all. It was followed by New York Attorney General filing […] дальше »
2019-5-23 00:24 | |
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Cryptos Act as Hope in a Hyperinflation-Striken Venezuela
Venezuela’s inflation rate is expected to hit ten million percent in 2019. In this time, Venezuelans are struggling to afford two square meals a day. Online news outlet City News 1130 shared how nonprofit organizations are sending direct relief to people in Venezuela in cryptocurrencies and helping them escape the severe financial crisis. дальше »
2019-5-23 23:00 | |
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From Resistance To Acceptance, The Largest Banks Are Accepting Bitcoin’s Distributed Ledger Charge
From Resistance to Acceptance, Largest Banks are Accepting Bitcoin (BTC) There has been a significant uptick in the number of big banks investing in Bitcoin. The banks are reportedly investing around $50 million to come up with a blockchain-based digital cash settlement system. дальше »
2019-5-22 22:03 | |
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55,000 Brazilians scammed out of $200M+ worth of fake cryptocurrency
A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil‘s Central Bank. дальше »
2019-5-22 12:25 | |
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Tether Partly Backed by Bitcoin, Court Transcription Reveals
Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets. дальше »
2019-5-22 23:02 | |
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Nabbed! SEC Reels in $30 Million Alleged Diamond-Backed Crypto Scam
By CCN: The U. S. SEC has secured a court order to stop an alleged diamond-backed Ponzi scheme estimated to be worth around $30 million. The securities regulator outlined how more than 300 investors were fleeced into handing over funds to Florida-based Argyle Coin LLC. дальше »
2019-5-22 22:30 | |
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UK: Crypto Scams Increased Three-Fold, Net Losses Decreased
According to a report from the Financial Times, the number of crypto and forex scams had increased three-fold in the past financial year, increasing from 530 to 1,834 in 2018-19. The net loss associated with the frauds summed to $34 million. дальше »
2019-5-21 22:00 | |
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UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year
The United Kingdom Financial Conduct Authority reports $34 million lost to crypto and forex scams last year
дальше »2019-5-21 04:05 | |
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Bitcoin Whales Swimming Upstream Moving $38 Million In BTC Transferred In Two Transactions
The long-awaited Bitcoin bull trend finally materialized in the early hours of May 19, displaying a rapid hourly price gain of 7 percent, piquing the attention of the entire crypto industry as well as the entire financial markets in general. дальше »
2019-5-21 23:42 | |
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Millions to Miss Work After GoT Finale. Here’s Why Economy Will Survive
By CCN: The “Game of Thrones” finale is coming. Just two days away, the resolution of a show that has captivated the world is a big deal. According to a recent survey, some 10. 7 million Americans will avoid going to work on Sunday and Monday due to events in Westeros. дальше »
2019-5-19 19:00 | |
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Smell Something Fishy? The CFTC Will Pay You to Report Crypto Scams
Nestled in the exhibition room at this year’s Consensus conference, the U. S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know. дальше »
2019-5-17 19:00 | |
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Tether and Bitfinex Ask New York Attorney General for Fund Accessibility
Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens. дальше »
2019-5-16 18:51 | |
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Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust
The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018. дальше »
2019-5-15 19:23 | |
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Bitfinex raised $1 billion in 10 days by selling a token redeemable for Tethers
Embattled cryptocurrency exchange Bitfinex raised $1 billion in 10 days with an initial exchange offering (IEO), money it hopes will alleviate concerns of its financial stability. Bitfinex CTO Paolo Ardoino tweeted Monday that private firms, both inside the cryptocurrency sector and out, had contributed more than $100 million each throughout the fundraising. дальше »
2019-5-14 16:09 | |
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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future
Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets. дальше »
2019-5-13 16:37 | |
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Bitfinex Releases IEO Whitepaper, Claims $404 Million Net Profit in 2018
Under fire cryptocurrency exchange, Bitfinex, has released a whitepaper claiming they turned a $404 million net profit in 2018, as reported by Bloomberg on May 9, 2019. The information provided is not backed by evidence as the exchange only revealed select data from their financial statements. дальше »
2019-5-11 17:00 | |
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French Multinational Financial Institutions Settle $112 Million Transaction on Ethereum
Societe Generale S. A. , one of the largest financial institutions in France, issued covered bonds worth $112 million in the form of security tokens using the Ethereum blockchain. It was a pilot program to test how the use of blockchain and cryptocurrency could reduce the time and cost of settlement of securities, reported Bloomberg, May 09,Read MoreRead More. дальше »
2019-5-11 09:00 | |
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Does Ernst & Young’s Report on QuadrigaCX Debacle Support this Conspiracy Theory?
According to a report by the firm appointed to oversee the financial affairs of now defunct crypto exchange QuadrigaCX, the trading venue has only $21 million of a total $160 million it owes out. The exchange shut up shop earlier this year a month after its CEO supposedly died in mysterious circumstances. дальше »
2019-5-11 02:00 | |
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Ethereum [ETH]: Societe Generale takes another step towards crypto-adoption by selling bonds as digital assets
The cryptocurrency market has always worked with an intention to integrate with the mainstream financial ecosystem and the latest development from Societe Generale SA [SocGen] seems to have done just the same. дальше »
2019-5-11 22:30 | |
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How to combat human trafficking with data science
Modern slavery is unfortunately still part of our global reality, with more than 40 million people believed to be victims of human trafficking around the world. It’s up to governments, organizations, and society as a whole to battle this evil – and as we heard at TNW2019 Conference, data science can help. дальше »
2019-5-10 14:27 | |
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