Monthly Archives: September 2019

Indian IT Giant Tech Mahindra to Launch Blockchain Finance Management

Mahindra Group subsidiary Tech Mahindra partnered with DLT startup Adjoint to launch a blockchain financial management and insurance solution. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, partnered with American distributed ledger technology (DLT) firm Adjoint to launch a blockchain financial management and insurance solution. Telecommunications industry news outlet CommsMEA reported on Sept. 2 that the solution is the first of its kind. With this service, clients will reportedly be able to save $4 million for every $1 billion of financial risk management and banking […]

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South Korea’s Kakao May List Its Klay Token on Chinese Exchange

Kakao’s blockchain arm Ground X is reportedly in talks with one Chinese and one South Korean exchange for listing its native coin Klay. South Korean internet giant Kakao is reportedly planning to list its cryptocurrency Klay on a Chinese crypto exchange and one local exchange. Kakao might have trouble listing Klay in Korea According to a report by local news daily News1 Korea on Aug. 31, Kakao’s blockchain arm Ground X is in talks with two popular cryptocurrency exchanges for listing its native coin Klay. While News1 […]

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Craig Wright to Challenge Judge’s Ruling in the Billion-Dollar Lawsuit

Craig Wright is looking to challenge Judge Reinhart’s decision and has asked the court for an extension of time in order to dispute the August 27 ruling. Wright was recently instructed to distribute 50% of his BTC holdings allegedly mined before 2014 and intellectual property (IP) to the Kleiman estate. Wright’s legal counsel based in Florida also detailed they need more time because Hurricane Dorian is forcing the attorneys to expend energy preparing. Also Read: Bitcoin.com’s Premier Cryptocurrency Exchange Is Now Live Judge Reinhart’s Ruling and Critique […]

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Thai Cryptocurrency Exchange Bitcoin Co. Ltd. Closing Down Operations

Thai SEC-regulated crypto exchange Bitcoin Co. Ltd. announced it is closing down its trading operations and that clients should withdraw their assets. Thailand’s leading cryptocurrency exchange Bitcoin Co. Ltd. (BX.in.th) is closing down all of its trading operations. The exchange announced its decision to discontinue trading on Sept. 2. The official website of the exchange states: “Bitcoin Co. Ltd. has decided to discontinue offering digital exchange services and wallet services at our BX.in.th website in order to focus on other business opportunities.” Customers need to withdraw their […]

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Price Analysis 02/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XLM, XMR

Bitcoin is attempting a bounce. Will it sustain and resume the uptrend? Let’s analyze the charts. The total market capitalization of cryptocurrencies has again bounced from just below the $250 billion mark, which is a positive sign. This level has repeatedly provided support in the past three months. It shows that investors are using dips to accumulate. Volatility has shrunk in the past few days, but we expect it to pick up. During the run-up to the launch of CBOE futures in Dec. 2017, the market rallied […]

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HSBC Completes First Blockchain Letter of Credit Transaction in Yuan

Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. As Reuters reported on Sept. 2, HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction deploying R3’s Corda-powered Voltron platform. In the cross-border  transaction, Hong Kong-based electronics manufacturer MTC Electronics exported a shipment of LCD products to its […]

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US Congress Urged to Regulate Crypto Sector Under Bank Secrecy Act

A Washington D.C. advisory firm is urging the U.S. Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act. The Financial Integrity Network (FIN) — a Washington D.C.-based advisory firm — has urged the United States Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act (BSA). Virtual asset service providers should be regulated under BSA In a copy of FIN testimony published ahead of a hearing on Sept. 3, FIN recommended that virtual asset service providers (VASPs) should be regulated […]

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Crypto Needs Less Government Regulation – Not More

A recent opinion article by Peter Lin, “Why Regulation Is The Best Thing For Crypto,” presents common arguments on why the state and state-affiliated institutions should administer cryptocurrency. Underlying the arguments is an assumption: the free market cannot provide necessary standards for crypto and the state must step into the void. Also read: Why the Birth of Bitcoin Can Be Traced Back to 1971 The Case Against Greater Crypto Regulation The arguments and the assumption in Lin’s article are the opposite of what is true. The assumption […]

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Liquid Crypto Exchange Unveils Digital Wallet Address for Gram Token Sale Proceeds

Japanese cryptocurrency exchange Liquid has revealed the digital wallet address holding the proceeds from its Gram token sale. Japanese cryptocurrency exchange Liquid has revealed the digital wallet address holding the proceeds from the Gram token sale it conducted in July. In an Aug. 30 announcement, Liquid disclosed the public blockchain wallet address that now keeps all participating customer funds from Gram token sale. Liquid further stated that the funds will remain in cold storage until the release and delivery of the assets by Gram Asia. Gram is […]

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After Sudden Slump Last Week, Bitcoin Breaks $10,000 Again

After a slump last week, the price of Bitcoin has again crossed the $10,000 mark in a recent rally. The price of Bitcoin (BTC) has rallied over the past few days and has again crossed the $10,000 threshold. Bitcoin 7-day chart. Source: Coin360 On Aug. 28, Bitcoin dropped $600 in the course of a half-hour — sinking below the $10,000 mark before slumping to a weekly low of $9,362 on Aug. 29. The price has slowly recovered since then and is currently trading at $10,099, up 5.21% on […]

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