One of the U.K.’s Conservative Party members has both joined and left an advisory role at a cryptocurrency exchange platform in the last week. Stephen Hammond, MP, stated that his position at the IronX digital asset trading venue might be seen as a conflict of interest. IronX Promotes Risks Hammond Has Previously Warned About According…
The U.K.’s Royal Mint plans to create a digital token backed by physical gold has been shelved after U.S.-based derivatives exchange, the CME, dissolved a partnership between the two entities and the government stepped in to block proposed trading on a cryptocurrency exchange. Meanwhile, other mints and startups around the world push on with their…
In their recent blog post, Tether, the parent company of a USDT stablecoin, announced a token burn that will permanently eliminate 500 million units. Yesterday, the company announced that the burning process had been completed. Tether has just destroyed 500M USDt from the Tether treasury wallet with the following tx: https://t.co/HTG52LaRVh For more information see…
To the dismay of decentralists, the relationship between traditional institutions and the crypto world has always been one-sided, with the former group consistently having the upper hand over the latter. However, with the arrival of crypto-backed debit and credit cards, some are claiming that the tables are poised to turn. Crypto.com, Changelly Take On Cryptocurrency And…
Singapore-based crypto exchange, Huobi, will be launching a subsidiary called Huobi Mena in Dubai. The new center will become a regional headquarters as Huobi goes on to its expansion drive in the Middle East, Africa, and South Asia according to a recent blog post. The blockchain ecosystem, according to Huobi Mena co-founder Mohit Davar, will…
A promising demand prediction for crypto mining chips led AMD on a manufacturing spree. But the chipmaker’s latest revenue forecast reveals that it misread the market. The American multinational said that it now expects the revenue of the fourth quarter of 2018 to be about $1.45 billion. That marks a 150 million dollar cut from the…
Denmark-based cryptography specialist Sepior has partnered with Japanese online financial services firm SBI Group to jointly develop a proprietary wallet on SBI’s Virtual Currencies exchange platform, VCTRADE. Cryptography Specialist Sepior Agrees to Boost VCTRADE’s Security With Threshold Wallet Technology The financial services giant licensed Sepior’s Threshold Wallet technology, which addresses online wallet and transaction security using…
Fiat-to-crypto trading is now live on the Uganda-facing division of the hugely successful trading platform Binance. As part of a wider commitment to encouraging blockchain being used for charitable causes, its CEO, Changpeng Zhao, announced that his exchange would donate $500,000 to local causes through the firm’s charitable wing. Binance Execs Spy Big Opportunities in…
New reports from Japan confirm that the country’s financial watchdog has granted a self-regulatory status to the crypto industry. The decision will allow the Japan Virtual Currency Exchange Association (JVCEA) to bring new rules for Japanese crypto exchanges, as well as to sanction those that fail to comply. New Move Expected to Improve Exchange Security…
In spite of Jeremy Allaire’s cries for the G20 to manage the crypto industry with global action, the startups backing this nascent industry have continued to rapidly gain regulatory traction in New York State, arguably the world’s foremost financial market. New York Regulator Awards Coinbase With Custodian License When it comes to financial capitals of…