Singapore Moves Forward With Blockchain-Powered Interbank Payments Project

Singapore Moves Forward With Blockchain-Powered Interbank Payments Project

The software prototypes of three different models for decentralized interbank payment and settlements have been successfully developed by the blockchain consortium led by the Monetary Authority of Singapore (MAS), the city-state’s central bank an…

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Major South Korean Bitcoin Trading Platform Coinone’s Offline Exchange is Growing in Popularity

Major South Korean Bitcoin Trading Platform Coinone’s Offline Exchange is Growing in Popularity

On September 11thh, Coinone, South Korea’s third-largest cryptocurrency exchange behind Bithumb and Korbit, launched the first offline cryptocurrency exchange in the country, enabling clients to purchase cryptocurrencies such as bitcoin through ATMs and physical products including USB drives. In South Korea, the vast majority of investors and traders have been aware of cryptocurrencies and the […]

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Pundi X Labs Unveils Retail POS For Cryptocurrencies

Pundi X Labs Unveils Retail POS For Cryptocurrencies

Isle of Man startup Pundi X Labs is looking to bring cryptocurrencies to brick-and-mortar businesses across Southeast Asia with a new point-of-sale (POS) device. The Pundi X POS device will enable shops, cafes and convenience stores to buy, sell and accept cryptocurrencies as a payment method. It will also allow them to provide their customers with […]

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Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Eleven digital currency companies in Japan have been granted a Virtual Currency Exchange license by the Financial Services Agency (FSA), the country’s financial watchdog. These include bitFlyer, Quoine, Tech Bureau, Bit Bank, SBI Virtual Currencies and GMO Coin. The FSA is currently reviewing 17 other applicants, according to an announcement released today. Since April 01, […]

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Japan To Introduce Blockchain ID System To Facilitate Customer Onboarding

Japan To Introduce Blockchain ID System To Facilitate Customer Onboarding

Japan’s financial regulator the Financial Services Agency (FSA) and various financial institutions are developing a common identification system leveraging blockchain technology to facilitate customer onboarding. The system will first be rolled out at the country’s three largest banks first, namely the Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp., and Mizuho Bank. An administrative body […]

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KakaoTalk’s Stocks Platform Operator to Launch a Cryptocurrency Exchange With Bittrex

KakaoTalk’s Stocks Platform Operator to Launch a Cryptocurrency Exchange With Bittrex

Earlier this week, Dunamu, the operator of Kakao’s KakaoStock, announced the launch of South Korean cryptocurrency exchange, UpBit which has been created in partnership with leading cryptocurrency trading platform Bittrex. According to the UpBit development team, all 111 cryptocurrencies that are currently listed on Bittrex will be integrated into UpBit. Kakao, the parent company of […]

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Chinese Cryptocurrency Aficionados Flee To Hong Kong

Chinese Cryptocurrency Aficionados Flee To Hong Kong

China’s cryptocurrency clampdown has forced mainland investors and entrepreneurs to find ways to bypass the restrictions. Founders of cryptocurrency projects are now turning to Hong Kong exchanges for alternative listing of their tokens, while investors are exchanging their bitcoins peer-to-peer. Aurelien Menant, founder and CEO of Hong Kong-based cryptocurrency exchange Gatecoin told the South China […]

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Ripple Opens New Office in India; Eyes Multibillion-Dollar Remittance Market

Ripple Opens New Office in India; Eyes Multibillion-Dollar Remittance Market

Ripple has opened a new office in Mumbai, India as the company looks to build its presence in the world’s largest recipient country of remittances. Navin Gupta, who worked for two decades in transaction banking, product management and global strategy roles at HSBC and Citibank, has been appointed country manager got Ripple India. “India is […]

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India Continues to Ponder Bitcoin Regulations as Cybercrime Soars

India Continues to Ponder Bitcoin Regulations as Cybercrime Soars

As Indian authorities consider a framework for digital currency regulations, the nation is witnessing a rise in the number of cyberattacks with extortionists demanding ransoms in bitcoin. In May, world organisations were targeted by a cyberattack known as WannaCry where hackers were demanding ransom payments in bitcoin. Of those companies faced with the virus were […]

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Price Watch – Bitcoin Passed $4,000, but What’s the Real Reason Why?

Price Watch – Bitcoin Passed $4,000, but What’s the Real Reason Why?

Most crypto-fans never thought they’d live to see a day when bitcoin reached its true pinnacle of financial stability, but it appears that moment has come, as the digital currency now sits proudly beyond the $4,000 mark. It’s good news for those who never lost hope. It’s also a sign that anyone who doubted the […]

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