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Six banks from the Saudi and UAE will be joining for a cross border virtual currency transaction project named “Aber” as reported by the Saudi monetary portal Argaam on 5th of February. The mission of the venture is to make a financial transaction between the two countries easier by using the digital currencies as reported […]
The panel of Indian government agency undertaken the work of regulating cryptocurrency for the country is reported to be worried about the impact Rupee may face because of crypto. Previously the country had a hate relationship with digital currencies and had imposed a ban on exchanges dealing with cryptos. The committee led by Subhash Chandra […]
The social media enterprise Facebook has taken its first move by acquiring a small blockchain company, Chainspace, according to the reports published by Cheddar on 4th February. The company got acquired in an apparent acquihire, the process through which a company gets acquired majorly for the skills of the employees rather than the products or […]
The new crypto invoice that will establish the framework for the industry came into existence on January 31, this year. The country is presently experiencing a revolution both in terms of government shift and economic framework. The acting president of Venezuela came into existence amidst the clashes and disagreement of followers of present president Nicolas […]
From cold hard cash to cryptocurrency, the stakes are now higher in gambling. Cryptocurrencies are now being widely accepted in casinos around the world because its statelessness. Moreover, it is highly sought-after because its more suitable for cross-border transfers than fiat currency. Before the advent of cryptocurrencies, junkie organizers suffered exorbitant fees in arranging for […]
Bitcoin has seen a slow start in the market at the beginning of 2019. Not many people are positive about the impending of this currency. However, the Twitter CEO and co-founder of popular money transfer app Cash App, John Dorsey is still optimistic about Bitcoin and the influence it may have in the near future. […]
The major banking payment network has its presence worldwide; SWIFT has been working on blockchain technology. The company has declared that they will launch Proof of Concept (PoC) gateway that will help the blockchain company R3 to connect to GPI (Global Payments Innovation) for making payment using their platform. SWIFT CEO revealed the information at […]
Cottonwood Vending LLC, has been awarded with the virtual currency license, BitLicense, to install cryptocurrency ATMS in New York state. The BitLicense regulation which came about four years ago in 2015, has received its fair share of criticism. And it has been described as notorious because its ‘hard to get’. BitLicense allows companies to legally […]
Acknowledging the Financial Services Commission’s (FSC) findings that offerings are highly risky for investors, South Korea is sticking onto its initial coin offerings (ICO) ban which was introduced in September 2017. The regulatory authority has decided to maintain the ban after the Financial Supervisory Service’s (FSS) recent survey found that there has been illegal practices to […]
The world’s biggest digital currency, Bitcoin, drew flak after the Palestinian Militant Group, Hamas called for donations in Bitcoin. With Israel and Egypt controlling the territory’s main access points, Hamas has been struggling for funding. Moreover, the United States and the European Union have labeled Hamas as a terrorist group, putting a curb on donations […]
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