A Swiss-based asset management firm, Tiberius Group AG, is introducing a new product to the crypto markets: metal backed tokens. The new product will be a digital token that is backed by seven metals and will be first offered to prospective investors starting on October 1. The new token – called the Tiberius Coin –…
Scotland-based Edinburgh Napier University has announced the official launch of the Blockpass Identity Lab — the first blockchain identity laboratory in the world. This represents the first research facility in Europe that will be entirely dedicated to the research and development of blockchain technology. The aim of it is to explore different new use cases…
One of India’s largest digital asset exchange platforms has announced today that it will cease offering crypto buying and selling services. Zebpay Calls it a Day Due to Regulatory Pressures Zebpay stated that the Reserve Bank of India’s (RBI) clampdown on digital currencies had severely impacted its ability to do business. The exchange announced that…
Jerome Powell, the chairman of the Federal Reserve, has reportedly argued about the validity of crypto as payment tools. According to the Russian Market, which first reported the statement, the FED chairman said that crypto “almost” didn’t get accepted for payments by merchants. There was no evidence that could validate Powell’s comment, but it somewhat echoed…
According to Shanghai Hongkou District Court’s statement in a recent crypto-related case, Ethereum and other virtual currencies are not considered as money. However, they are still protected by the law which views them as “property.” Old Case Brings New View on Cryptos in China One of the attempted crypto transaction between an individual investor and…
Bitmain, the world’s largest crypto mining equipment manufacturer, has filed for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKSE) after recording staggering year-on-year growth. In 2017, the Chinese firm brought $2.5 billion in revenues and in the first half of this year, the revenue reached $2 billion. Ideally, Bitmain should appeal…
A group of major players in the crypto and blockchain industry have joined forces to pay D.C. lobbyists to ensure that US lawmakers pass legislation that is friendly to the crypto and blockchain industry. The group of fintech firms that are joining forces will be paying the lobbyists partially in crypto, and includes Ripple among…
The New South Wales Police Force have placed two Sydney residents in custody after they allegedly attempted to launder $300,000 in cash that was suspected to be involved in a string of crimes, by converting them into crypto. Criminal Crypto Converting Couple Charged NSW Police Cybercrime Squad detectives arrested an unidentified male, age 32, and…
A new press release published yesterday claims that FedEx, the U.S.-based courier delivery service has just joined Hyperledger. FedEx Becomes Hyperledger’s New Partner According to the press release, FedEx has just partnered up with Hyperledger, an open-source blockchain project that aims to revolutionize cross-industry blockchain technologies. Hyperledger is hosted by the Linux Foundation, and its goal…
The world of cryptocurrencies has many secrets, despite its young age. However, as this technology promotes transparency, many of those secrets are slowly being discovered. One such secret includes the sudden rise of crypto exchanges, many of which were next to unknown only a few, short months ago. Crypto Exchanges Reporting Fake Volumes Today, exchanges…