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XBT Provider has halted its plans for a crypto-basket because of instability in the market. Laurent Kssis, the company’s CEO said they are waiting to see which way the cryptocurrency market moves. Kssis said they didn’t have a clue about the so-called ‘forks’. Bloomberg highlighted Kssis saying, “Its important to ask how the community is […]
A detailed report was issued by the Chile Central Bank (BCC) sating that the digital currencies do not have the potential to replace the traditional currencies. The story was issued on February 7th. The report was prepared on request from TDCL and was signed by the President of the BCC of Chile, Mario Marcel. Earlier […]
GMO Internet the IT giant of Japan is planning to join the Stablecoin bandwagon by launching a yen pegged digital currency GYEN in 2019, as reported on 12th February. On Tuesday during an announcement it was said that the company is taking full-fledged preparation to launch the Japanese stablecoin. This step is taken by the […]
The government of China has released a guideline on how to use DLT for the agricultural finance sector. The official declaration was made on the 11th of February. The use of this new expertise in the agriculture finance sector will improve the collection and data sharing. This will also improve the identification, premature warning, and […]
The significant exchanges Biniance and Bitrex have launched their OTC desk in January this year. The idea behind the launch is the increasing number of institutional investors. According to a study done by Morgan and Stanley, the number of institutional investors will increase in the long run. According to a report published recently, the major […]
The global provider of Payment and credit solution, Unimoni along with UAE exchange is going to add RippleNet to their platform as reported by trade Arabia on the 11th of February. Both Unimoni and UAE exchange are part of network brand Finablr. The idea of using Ripple was to facilitate the cross-border transaction to Thailand, […]
On Friday 8th of February the commissioner of SEC told that if it takes more time to set up the crypto legislation then the business will have more freedom to work on its on mood as it will be getting more time span. Heister Peirce, also known as “crypto momy” in the community was given […]
Israeli entrepreneur Moshe Hogeg bounced back to the court to defend himself against the allegation that he deviated from the white paper business strategy, he said that those papers are descriptive and have no legal binding. As per the report published on 9th of February. He further said that the firm does not bear any […]
Cointelligence, a blockchain research and analysis firm, has boosted the cryptocurrency market with the long awaited crypto exchange rating system. The firm on its official portal explained that many of the current cryptocurrency exchanges have experienced hacks or have presented users with difficulty in withdrawing funds or bad customer service. Cointelligence has brought about a […]
The German police busted a large mining operation for stealing upto 222,000 euros worth of electricity since 2017 in the city of Klingenthal. The investigating team of officers also found about 49 computers at PGH Elektro, formerly an electrical services company. A press statement said 30 computers were equipped with specialized hardware for mining […]
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