DBS Bank pilots blockchain-based government grants
The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization.
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2 key Bitcoin price indicators show pro traders are waiting for $36K
Bitcoin (BTC) recently reclaimed $35,000 but top traders at Huobi, OKEx, and Binance are not buying the breakout. Unlike the savvy institutional investors who may be desperate for protection against the debasement of fiat, the more crypto-focused investors seem to be waiting for dips.Institutional investors might also be celebrating the Jan. 4 announcement that the…
PayPal May Ditch Facebook’s Libra Over ‘Regulatory Scrutiny’: Report
Payment processor PayPal has sparked fresh concerns that it has cold feet about joining Facebook’s Libra digital currency.Libra “Pre-work” is not enough for PayPalAs news agency Financial Times reported on Oct. 3, PayPal did not attend a meeting of 28 Libra backers on Thursday.The developments come on the back of existing rumors that up to…
Coinbase-backed Securitize secures $48M in Series B funding
Morgan Stanley Tactical Value and Blockchain Capital have led a funding round for Securitize. Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize.According to a release issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation…
Bitcoin Price Has Set $8.2K Floor, $100K Coming Before 2022 — Analyst
Bitcoin (BTC) may dip below its 200-week moving average price but will stay above $8,200, one of the industry’s most respected analysts has said.In a series of tweets on Feb. 10, PlanB, creator of the stock-to-flow Bitcoin price forecasting tool, also predicts BTC/USD would trade “above $10,000” by May. PlanB: stock-to-flow still on trackThis is around…
Yahoo! Japanese Cryptocurrency Exchange Taotao Confirms May 30 Launch
Japanese cryptocurrency exchange Taotao will launch its trading service on May 30, Cointelegraph Japan reported Monday, quoting a social media update.Taotao, which is 40% owned by internet giant Yahoo! Japan’s YJFX, will initially offer trading in bitcoin (BTC) and ether (ETH).Margin trading will also be available in litecoin (LTC), XRP and bitcoin cash (BCH) in…
Hong Kong to list ‘suspicious’ crypto platforms in wake of JPEX scandal
In the wake of the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission says it will issue a public list of suspicious crypto trading platforms. 121 Total views 1 Total shares Hong Kong's financial regulator, the Securities and Futures Commission (SFC) has vowed to step up efforts to combat unregulated cryptocurrency trading platforms
Exchange Partners With University of Luxembourg to Improve Crypto Asset Security
A new partnership between Luxembourg-based VNX Exchange and the University of Luxembourg aims to improve the security of digital assets, business news outlet Luxembourg Times reported Nov. 23.VNX is a marketplace and trading platform for tokenized venture capital founded in 2017. VNX is a member of fintech incubator the Luxembourg House of Financial Technology (LHoFT),…
Hut 8 expands mining operations with power deal in West Texas
Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity.