Monthly Archives: August 2020

Kava Labs Partners with BNB48 Club to Raise BNB DeFi Awareness

Kava Labs partners with BNB48 Club to raise awareness of BNB DeFi opportunities. Kava Labs announced a new collaboration with the BNB investor club – BNB48.  The popular platform added in a press release that under the agreement, BNB48 will act as a technical advisor for the Kava community and provide services such as professional product reviews and technical consulting services for Kava’s Chinese validators, staking users, and lending platform users. From its part, Kava Labs will work with the BNB48 Club to raise awareness of BNB […]

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Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

Real estate blockchain platform developer Ubitquity partners with Rainier Title to build a tokenized title application. Real estate blockchain platform developer Ubitquity will build a platform for creating tokenized property titles with Rainier Title, a news report said.  The platform will also log records of conveyance for the Washington-based Rainier Title. It will integrate with the conveyance suite Qualia. Rainier Title is currently in the process of migrating to Qualia.  Tokens created through the platform represent a client’s property so title owners have more opportunities to develop […]

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Cryptocurrency News From Japan: August 2 – August 8 in Review

Coincheck’s CEO expressed optimism toward the company’s upcoming shareholder meeting app, GMO Coin announced negative leverage trading fees and more headlined news from Japan this past week. This week’s headlines from Japan included Coincheck readying its digital shareholder meeting solution, GMO Coin announcing negative leverage trading fees, Decurret testing transactions with a power company, Japanese authorities proposing tax changes, and Japanese finance company FISCO developing apps for shareholder voting and staking.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Coincheck […]

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New York Regulator Fast-Tracks 10 Cryptocurrencies

The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission. NY Regulator’s Cryptocurrency Greenlist The New York State Department of financial services (DFS), the Bitlicense regulator, has published a Greenlist comprising 10 cryptocurrencies for custody and eight cryptocurrencies for listing. “Any licensed entity may use coins on the Greenlist for their approved purpose(s),” the regulator explained. The […]

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Polish Financial Watchdog Impersonated by Crypto Scammers

The PFSA warns scammers are asking people to send cryptos to verify a transaction’s legality before depositing them in a fake investment fund. The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be the only authorized investment fund in Poland. The scammers call potential victims by asking them to sell or buy cryptocurrencies through the fake fund, but first, they should send the cryptos to the PFSA compliance team’s wallet to verify […]

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Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy

Zhejiang province issued its first blackout insurance policy backed by a blockchain platform. A branch of China’s state-backed grid released its first blockchain-powered blackout insurance policy issued to the chairman of a local company that needed to compensate for a power outage loss suffered recently. According to Shupeidian, Zhejiang Ningbo Power Supply Company, in partnership with Yingda Taihe Property Insurance Co., Ltd., released the policy to a sprinkler manufacturing company in Ningbo, Zhejiang province. Both companies believe that the process of issuing insurance via a blockchain network […]

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Mobile DeFi and the Shift Toward Self-Sovereignty

Decentralized technology is liberating yet intimidating to crypto-beginners. How can DeFi projects ease this transition for users? Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift.  Self-sovereignty and personal autonomy are the endgame of this technology, and with that goal comes a significant increase in personal responsibility for one’s funds. This is totally at odds with people’s traditional financial experience so far; the legacy system takes away your […]

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BTC and ETH Crypto Derivatives in Demand, Market Expected to Grow Further

Options interest and volumes reach their all-time highs, with derivatives markets exploding as market sentiments remain bullish on BTC and ETH. The crypto options market has been evolving rapidly over the second quarter of 2020. According to TokenInsight’s recent crypto derivatives industry report, trading volumes are seeing a 166% year-on-year increase compared to Q2 2019.  The derivative products driving these volumes are futures and options. While futures grow with traders betting on a bullish price sentiment, both open interest and volumes of options have reached all-time highs. […]

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Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook

Goldman Sachs is considering creating its own cryptocurrency. Having recently appointed a new head of digital assets, the company indicated a possible collaboration with other companies, including JPMorgan and Facebook. JPMorgan has created the JPM coin and Facebook has proposed the Libra cryptocurrency project. Goldman Sachs’ Cryptocurrency Plan Global investment bank Goldman Sachs has recently appointed a new head of digital assets, Mathew McDermott, a managing director who ran the investment bank’s internal funding operations. He has now revealed that Goldman is exploring creating its own cryptocurrency, […]

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Bitcoin is Almost as Big as Bank of America

As crypto prices continue climbing, Bitcoin’s market cap has almost reach par with Bank of America’s market cap. All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America’s market valuation. Bitcoin’s current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America’s market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web.  Bitcoin’s market cap […]

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