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XBT Provider Halts Plans Over Instability Market

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 […]

Cryptos cannot replace Fiat

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 […]

Hotel Staff Can Pay Allowances Through Digital Wallet

The Dubai Caesars Bluewaters hotel has introduced a digital wallet to its staff to pay for their allowances. This is a blockchain-based payment solution that will streamline the staff allowances and discounts within the hotel. In collaboration with Lucid Pay from Liquid-D, the hotel is integrating the software into all existing Hotel POS systems from […]

GMO to introduce YEN pegged Stablecoin

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 […]

OTC desk launched in spite of crypto winters

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 […]

SEC Has to Embrace Golden Opportunity: Commissioner Hester Peirce

Blockchain technology presents a ‘golden opportunity’ for the Security Exchange Commission (SEC). A crypto enthusiast, Hester Peirce, who is also the SEC Commissioner said the Commission needs to welcome innovation. Perice made these statements at the University of Missouri School of Law event, ‘Protecting the Public While Fostering Innovation and Entrepreneurship: First Principles for Optimal […]

Virginia’s Fairfax County Back Morgan Creek Blockchain Opportunities Fund

The Morgan Creek Blockchain Opportunities Fund has found investors in police officers and state employees in Virginia’s Fairfax County. The investors are hopeful of retiring big by backing a $40 million investment in Morgan Creek Digital. Katherine Molnar, the chief investment officer of Fairfax County’s police officer’s retirement system, said “we feel it is important […]

RippleNet Joined by UAE Exchange and Unimoni

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, […]