Archive for  September 2018

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Thai Largest Foreign Exchange to Offer Cryptocurrencies

posted on September 30, 2018 by in Exchanges

Superrich International Exchange, which has 49 locations across Thailand, 1 in Cambodia, and 1 in Britain, announced their plans to start offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The exchange, which started operating in 1965, has already discussed its plans to offer crypto exchange and wallet services with the Thai Securities and Exchange Commission (SEC) twice. If approved, it will be the first in Thailand to operate a digital asset exchange for foreign currency.

Goldman Sachs Invests $25 Mln in Veem Blockchain Payments Startup

posted on September 29, 2018 by in Other crypto

The project, that utilizes digital ledger technology to increase the efficiency of small business payments, also received funding from GV (formerly Google Ventures), Trend Forward Capital, Extol Capital, Kleiner Perkins, and Pantera Capital. Goldman Sachs managing director Rana Yared, will sit on Veem’s board as a non-voting observer. Veem plans to develop new partner integrations, as well as “rely on increased automation, including built-in anti-money-laundering and know-your-customer compliance.

India’s Largest Crypto Exchange Shutting Down

posted on September 28, 2018 by in Exchanges

Zebpay announced that they are stopping their trading platform today. All unfinished orders will be cancelled and funds to be credited to users’ Zebpay wallets, which will work after the exchange stops. The reason for closing is a restrictive policy of the central bank in relation to cryptocurrency. Zebpay representative explained: “Difficulties in working with bank accounts have destroyed our ability to provide services for our clients’ businesses. At the moment we cannot offer an effective solution to continue working with cryptocurrencies.”

Major Cryptocurrencies Continue Rise, Total Market Cap Hits $220 Billion

posted on September 28, 2018 by in Bitcoin, Ethereum, Ripple

As the cryptocurrency and blockchain industry get more support from government and institutional entities, the market continues the positive trend. Daily trading volume reached over $16 bln in the past 2 days. BTC is up around 4%, trading at $6,679 at press time. ETH gain is even better with almost 6%, trading at $228 press time. Top third cryptocurrency XRP is also in green with 4% increase, trading at $0.54.

JPMorgan’s Blockchain Based Payment Network Now Available in Over 75 Banks Worldwide

posted on September 28, 2018 by in Blockchain

The Interbank Information Network started with a partnership with ANZ and the Royal Bank of Canada and since then has become one of the largest consortium of banks involved in the utilization of distributed ledger technology in the world. The network aims to provide a mutually accessible ledger that could be used by numerous banks to quickly resolve issues related to compliance checks, missing data or incorrect addresses, which can cause delayed payments.

Bitcoin Cash Price Spikes Following Announcement on Bitmain’s IPO

posted on September 27, 2018 by in Bitcoin Cash

Following the news that that Bitmain filed for an initial public offering (IPO) on the Hong Kong stock exchange, the price of BCH surged almost 20%, now trading at around $522. Experts suggest that the key driver behind the rise of BCH was the financial report released by Bitmain as part of the prospectus for its upcoming IPO. But critics note that the half-year numbers obscure the fact that Bitmain recorded significantly lower results in the second quarter, which reflected the impact of the bear market.

Swiss Crypto Startup Raised $103 Mln for Cryptocurrency Bank

posted on September 27, 2018 by in Other crypto

According to Reuters, SEBA Crypto AG raised 100 million Swiss francs to launch a bank offering cryptocurrency-related services. The company plans to get for a banking and securities dealer license from Swiss financial market regulator FINMA. A license would allow the firm to conduct crypto trading and investments business for other banks and qualified investors. SEBA aims to become a bridge between traditional banking and the cryptocurrency industry.

Chinese Search Engine Baidu Releases White Paper for Its Own Blockchain Platform

posted on September 27, 2018 by in Blockchain

The Baidu Blockchain White Paper V1.0 describes the creation and development of the “Super Chain” network system. Developers claim that Baidu’s Super Chain is more efficient than a traditional blockchain that performs with a higher degree of hardware utilization. The Super Chain is a stereo network that supports parallel sidechains. There is a root chain, which manages parallel chains and the operating guidelines of the entire network, that supports data exchange with each chain.

Google Makes Exclusion on Crypto Ad Ban for US and Japanese Exchanges

posted on September 26, 2018 by in Other crypto

The new policy set to be updated in October, as a result Google will allow registered cryptocurrency exchanges to advertise on its Google Adwords platform, targeting the U.S. and Japanese audiences. Such ads will need to be certified with Google for the specific country in which their ads will serve. Advertisers will be able to apply for certification once the policy launches in October.

Coinbase Exchange will Add More Digital Assets as per New Policy

posted on September 26, 2018 by in Exchanges

The cryptocurrency exchange plans to introduce a new process which will reduce the time taken in listing new digital assets which were already compliant with local laws. The new assets will be listed like coins, tokens, forks, or stablecoin, which are cryptographically unique non-fungible digital asset. At present, Coinbase supports bitcoin, bitcoin cash, ethereum, ethereum classic, and litecoin.