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Germany’s Deutsche Bank (DB) Predicts Fiat Would Be Dead by 2030 (coinfo) 12/06/2019 - 1:20pm
Deutsche Bank (DB), a German multinational investment bank and financial services company has admitted that digital currencies are the future of money. In a recently published report titled “Imagine 2030,” the bank noted that cryptocurrencies would dominate fiat currencies by 2030. In the document, DB significantly stressed the end of fiat money...
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India Will Launch a Digital Currency, But Ban on Private Cryptos Remains (coinfo) 12/06/2019 - 6:57am
After several kicks from the Reserve Bank of India ( RBI ) against cryptocurrencies in the country, the central bank has announced interest in digital currency. According to a report on Thursday, the RBI revealed plans to develop India’s own digital currency appropriately, after several intensive studies necessary for the launch. Shaktikanta Das,...
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Binance Could Buy Dying Liechtenstein Union Bank AG for $15M – Report (coinfo) 12/06/2019 - 6:15am
Leading cryptocurrency exchange Binance has been on a spending spree in recent weeks, buying Indian crypto exchange, WazirX , and decentralized app data analytic startup, DappRadar. According to local reports , Binance is also in talks with representatives to acquire a stake in Liechtenstein-based financial institution, Union Bank formerly known...
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Russian Miner “Nornickel” is Testing a Trading Platform for Digital Metal Tokens (coinfo) 12/05/2019 - 1:54pm
Russia’s biggest refined nickel producer, Nornickel, has announced that the testing of its digital platform that would promote the sales of metal tokens has commenced. According to a Bloomberg report today, the initiative saw the firm partner with three different startups, including Trafigura Group Ltd., Traxys SA, Umicore SA, with the firm hoping...
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Bay Area Non-Profit AmericaSCORES Now Accepts Bitcoin (BTC) (coinfo) 12/05/2019 - 10:28am
AmericaSCORES, a non-profit organization in the San Francisco Bay Area that provides proven benefits to student learning, health, and social-emotional skills of over 2,000 low-income youth, now accepts payments in cryptocurrencies. According to a Dec. 5 announcement by the firm, AmericaSCORES partnered with blockchain technology and design firm...
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Kazakhstan: Cryptocurrency Mining Will Not Be Subject To Taxation (coinfo) 12/04/2019 - 1:16pm
In what could be described as good news for cryptocurrency miners in Kazakhstan, a top lawmaker in the country has revealed that crypto mining activity would not be subjected to taxation, as it cannot be exchanged with fiat currencies. Speaking at the Blockchain Day conference held in Nur Sultan today as reported by local news outlet kursiv, Madi...
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HashCash to Launch P2P Energy Trading Platform (coinfo) 12/04/2019 - 7:29am
HashCash, a global software company based in California, announced a move into the energy trading market, in collaboration with a German Solar Power company. The company revealed in a press release Wednesday that they plan to debut a blockchain-based peer-to-peer energy trading platform with focus on renewable solar energy. The platform is aimed...
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Australia Security Authorities Seize Over $1M Worth of Crypto in Drug Probe (coinfo) 12/04/2019 - 7:20am
In a combined effort by various security authorities in Australia , a record-breaking AUD1.5 million ($1 million) worth of cryptocurrency was seized in a drug bust. The Australian Border Force (ABF) reported today that they found illicit substances in the form of 27.5g of MDMA tablets and powder at the international mail Perth Gateway Facility on...
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Starling Bank’s Julian Sawyer Joins Gemini Exchange as Managing Director (coinfo) 12/04/2019 - 4:59am
The Winklevoss twins-owned cryptocurrency exchange and custodian, Gemini has on-boarded Julian Sawyer from Starling Bank, to oversee its operations in the United Kingdom and Europe . According to the announcement on Wednesday, Julian will work as a Managing Director in charge of expanding the firm’s services across the UK and European markets...
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DeFi Startup Zerion Raises $2M From Placeholder, Blockchain Ventures and Gnosis (coinfo) 12/03/2019 - 2:32pm
Decentralized finance (DeFi) startup, Zerion announced today that it had raised $2 million in a seed funding round led by major venture capital firm, Placeholder, with Blockchain Ventures, and Gnosis as the other participants. Zerion will use the newly raised funds to improve its decentralized finance platform, which currently allows non-technical...
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Student Lender SoFi Wins BitLicense; Can Now Offer Crypto Products in New York (coinfo) 12/03/2019 - 12:26pm
Popular student loan platform, SoFi has fully joined the bandwagon of fintech companies betting on the future of cryptocurrencies to become widely adopted. On Tuesday, the New York Department of Financial Services (NYDFS) announced that it had granted a money transmission license as well as the highly coveted BitLicense to SoFi Digital Assets, a...
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1st Genesis DevCon Mobilises Over 850 Aspiring Blockchain Developers in India (coinfo) 12/03/2019 - 9:58am
Bangalore, Dec 03, 2019: The inaugural edition of India’s largest confluence of Blockchain developers, leaders, evangelists, and students – Genesis DevCon, 2019 , concluded its two-day event in IISc, Bangalore with a footfall of over 850+ participants and 45+ speakers. The conference commemorated the concluding chapter of the Genesis developer...
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Socios App Rolls Out Blockchain-Based Voting Token ($JUV) for Juventus Fans (coinfo) 12/03/2019 - 8:39am
Fans of Italian football club giant, Juventus FC, will be the first in the world to get involved in the decision-making process of the club by purchasing the Juventus fan tokens ($JUV). According to an announcement by the Malta-based tokenized sports fan voting platform, Socios.com, the token, which was earlier launched last year via a partnership...
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MultiChain Crypto Project Traders’ Token (TRDS) Now Listed on First Crypto Exchange (coinfo) 12/03/2019 - 5:56am
The Traders’ Token project has announced the first cryptocurrency exchange to successfully list its token, with efforts already underway for a potential listing on several other exchanges in the near future. Traders’ Token​ prides itself as a state-of-the-art ​multi-chain cryptocurrency project​ offering portfolio-backed investment opportunities...
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UnionBank, WWF to Launch a Blockchain App for Local Fishers in South East Asia (coinfo) 12/03/2019 - 5:14am
The World Wide Fund for Nature (WWF) Philippines and UnionBank are looking to help poor fishers earn rewards for their catch, while also improving the supply chain of fish in the country using blockchain . As per a Ledger Insights report dated December 3, both entities partnered to develop a blockchain-based app dubbed Tracey, to enable...
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Bitfinex Becomes First Crypto Exchange to Enable Support for Bitcoin Lightning Network (coinfo) 12/02/2019 - 5:10pm
Leading cryptocurrency exchange, Bitfinex has stolen the match ahead of their competitors to become the first platform to fully integrate Bitcoin Lightning Network deposits and withdrawals. Bitfinex has since last month been teasing the release of two new features leaving the community in the dark regarding what plans the exchange operators had in...
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When Moon? More Than 11 Million BTC Lying in Wallets For More Than A Year (coinfo) 12/02/2019 - 11:30am
An analysis provided by popular Bitcoin trader and enthusiast, Rhythm has revealed that for over a year now, up to 64% of Bitcoin in circulation has not been moved from their wallet. On Dec. 2, Rhythm uploaded a graphic analysis of the Bitcoin activity on Twitter, showing that more than 11 million bitcoins have been left in their wallets since...
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Decentralized Crypto Exchange, CryptoBridge to Shut Down on December 15 (coinfo) 12/02/2019 - 10:13am
Decentralized cryptocurrency exchange, CryptoBridge has announced that it will be shutting down operations due to several reasons, including “increased regulation.” CryptoBridge confirmed the development on its official website today, stating that the closure is a result of unfavorable market conditions, increased regulation, and inability to fund...
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Binance to Binance Transfers No Longer Needs Network Confirmation (coinfo) 12/02/2019 - 7:00am
Binance, the world’s largest digital currency exchange by trade volume, has launched a new internal transaction feature exclusive to the users on its platform. According to the announcement on Monday, the new feature aims at enabling users to transfer funds between Binance accounts (i.e., internal transfer), easily and faster. The internal...
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India Plans to Sustain Tea Industry Using Blockchain Technology (coinfo) 12/02/2019 - 5:52am
India has announced plans to adopt blockchain technology in the tea industry to maintain and ensure the traceability of tea, according to a report by the local news source, The Economic Times . The Indian Tea Board deputy chairman, Arun Kr Ray, said in the report that the country is “going to start an exercise for determining the traceability of...
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Japan’s Largest Crypto Exchange, bitFlyer Adds Support for Ripple (XRP) (coinfo) 12/02/2019 - 4:04am
bitFlyer, reportedly Japan’s largest cryptocurrency exchange by bitcoin trade volume, announced today that it added support for Ripple (XRP) . The exchange revealed the development in a Dec. 2 press release noting that XRP is the second-largest cryptocurrency in Japan in terms of trade volume, with only Bitcoin (BTC) leading the way. Thus, the...
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Kakao’s Crypto Wallet Now Scheduled to Launch in Q1 2020 (coinfo) 11/29/2019 - 12:45pm
Leading South Korean internet company, Kakao will allow about 50 million active users of its chat application, KakaoTalk, to experience blockchain through its crypto wallet, which is now scheduled to launch in Q1 of 2020. Per the report by Hankyung, Kakao noted that they are developing a digital asset wallet dubbed Klip, which will be integrated...
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Investors File $159 Million Lawsuit Against Valeri Korotkov Over Gram Token Sales (coinfo) 11/29/2019 - 10:05am
A group of investors has reportedly asked a High Court in London to convict Valeri Korotkov, a Russian businessman residing in England, for duping them of profits generated from their investment in Telegram’s Gram tokens. Per a Nov. 28 report by Law360, the investors, which include companies based in Liechtenstein, the Marshall Islands, and the...
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Russia’s Central Bank Kicks Against Using Crypto as a Means of Payment (coinfo) 11/29/2019 - 7:57am
The Central bank of Russia is firmly against the use of cryptocurrencies, especially Bitcoin (BTC) , in paying for goods and services. According to a report by a local news outlet, RIA Novosti today, financial regulators in the country stated that once there is a legislative approval to ban cryptos as a means of payment, they would give the...
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Malaysia Needs More Blockchain Talent if It Will Get Anywhere with the Technology (coinfo) 11/29/2019 - 5:36am
Malaysia is lagging in blockchain development due to poor cryptography skills to drive the technology forward across different sectors in the country, according to Mark Pui, an advisor at MW Partners Group Holdings Pte Ltd. During the LSE ReCode Tech Conference 2019, Pui noted that the country has failed to keep up with blockchain development like...
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3iQ Files Prospectus for its Upcoming Bitcoin Fund IPO (coinfo) 11/28/2019 - 3:41pm
Investors in Canada will soon be investing in bitcoin through a regulated, listed fund as 3iQ Corp., an investment fund manager, announced on Thursday that it has filed a preliminary prospectus for its upcoming Bitcoin Fund. The Fund, which is said to be a closed-end investment fund expected to list on a major Canadian stock exchange for trading...
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Afghanistan to Stop Fake Medicines via Blockchain Adoption for Its Health Sector (coinfo) 11/28/2019 - 9:32am
The Public Health Ministry of Afghanistan had recently signed a Memorandum of Understanding (MoU) with FantomOperation, a blockchain company in order to bring in blockchain technology to the country’s health sector. According to a Nov.22 report by the Afghan Voice Agency (AVA), this initiative was taken in a bid to recognize fake medicines,...
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Survey: 17% of U.K Investors With Assets Above £10,000 Hold Cryptocurrency (coinfo) 11/28/2019 - 5:03am
A recent survey of more than 1,100 investors in the U.K (all with investments in excess of £10,000) by the leading property mortgage provide, Butterfield Mortgages Limited (BML) showed that there is a growing interest in crypto assets. However, investors are still glued to traditional assets with 53% holding stocks and shares, 41% property, and 30...
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A Beginner’s Guide to the Dai Stablecoin and How It Works (coinfo) 11/28/2019 - 2:14am
The inception of cryptocurrency disrupted the entire digital ecosystem, opening newer avenues for business professionals and entrepreneurs to facilitate digital exchange. Undoubtedly, innovation transformed financial transactions and the wave suddenly hit the industry, attracting leaders, entrepreneurs, and investors. However, in no time did they...
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New Report: Blockchain to Save Global Food Industry $31 Billion by 2024 (coinfo) 11/27/2019 - 3:44pm
New data from Juniper Research, a leading analyst firm in the mobile and digital technology sector, reveals that the global food industry could save $31 billion in “food fraud savings” by 2024 with the help of blockchain technology, CNBC reported Wednesday. The new research termed “Blockchain: Key Vertical Opportunities, Trends & Challenges...
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$4.4 Billion Lost Already to Crypto Theft This Year; a 150% Increase From 2018 (coinfo) 11/27/2019 - 12:50pm
A report obtained by Reuters from the blockchain forensics company, CipherTrace notes that cryptocurrency heist and fraud in 2019 reportedly spiked by 150% compared to the total amount of losses which was accrued in the past year (2018). About $4.4 billion was lost to digital currency fraud activities just in the first nine months of this year, a...
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Swiss-Licensed Firm, SEBA Bank Introduces New Index for Digital Currencies (coinfo) 11/27/2019 - 12:20pm
Switzerland licensed financial technology solutions provider, SEBA Bank, has launched a new investment business, together with an index for digital currencies aimed at addressing the issues of traditional market value-weighted indices. According to the announcement , the SEBA Crypto Asset Select Index (SEBAX) was launched in a joint effort with...
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Crypto-Unfriendly India Vows to Deploy Blockchain Tech at the National Level  (coinfo) 11/27/2019 - 12:05pm
The government of India is making plans to utilize the blockchain tech in various sectors of the nation’s economy, Economic India Times reports today. Sanjay Dhotre, India’s minister of state for electronics and information technology (MeitY), stated that the numerous benefits of blockchain could not be overemphasized while noting that the country...
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South Korean Upbit Hacked! Exchange Says it Lost $50M Worth of Ether (coinfo) 11/27/2019 - 10:13am
South Korean cryptocurrency exchange, Upbit has announced that approximately 342,000 Ether was stolen from its hot wallet as a result of a security breach earlier today. According to an official statement by the exchange’s CEO, Lee Seok-woo, the incident occurred at about 04:00 UTC today, which prompted the exchange to take stringent measures to...
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Korea Could ‘Legalize’ Crypto Soon as National Assembly Gives Approval (coinfo) 11/26/2019 - 1:18pm
While the authorities of the People’s Republic of China has warned citizens and organizations in the country to stay clear from digital currencies, another popular country, Korea is looking to take up the mantle. Korea is close to legalizing the concept of digital currency in the country, as the policy committee from the National Assembly passed a...
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Red Cross Society Launches Blockchain-based ‘Local Currencies’ in Kenya (coinfo) 11/26/2019 - 11:49am
The Red Cross Society is currently developing a blockchain-based financial solution to facilitate the exchange of goods and services, and also boost the economic activities in three countries. Thomas Reuters Foundation reported the development today, stating that the humanitarian organization would embark on a two-year plan to replace fiat...
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5 Peculiar Blockchain Use Cases Reported In Recent Times (coinfo) 11/26/2019 - 8:46am
The blockchain technology has overtime proved to be an invaluable tool in our rapidly developing digital world. It has been adopted by many countries because it is decentralized, transparent, and cryptographically stores data. It is being used globally to process payments, create digital IDs, share data, and regulate taxes, to mention but a few...
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What’s the Latest on Libra? Co-Founder Says They’re Not Competing Against Fiat (coinfo) 11/26/2019 - 6:33am
The release of Facebook’s Libra project’s whitepaper in June has gotten several reactions from both regulators and crypto investors alike, with financial regulators seriously kicking against it while the latter believes the project is a welcome development. In an interview anchored by popular CNN presenter, Julia Chatterley today, Libra’s co-...
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78 Employees Expose DX.Exchange-backed Company in a Bankruptcy Petition (coinfo) 11/25/2019 - 3:03pm
About 78 former and present employees of Israeli-based CX Technologies Ltd., issued a bankruptcy petition to an Israeli court to close the firm, as they were denied salaries for two months, according to a report by Times of Israel on Monday. Some of the employees noted that they had not received benefits for even longer, saying the company no...
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Market Analysis: Has Bitcoin Finally Found Its Bottom at $6500? (coinfo) 11/25/2019 - 1:29pm
While the market is slowly recovering the recent biggest drop in months, the question that is haunting crypto investors is if bitcoin has reached the bottom for good or is it only temporary? There’s no doubt that the road to the next halving, expected in May 2020, is signaled with uncertainty and probably more drops to come, according to top...
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Gladius ‘May’ Not Pay Back $12.7M Raise to Investors Despite Telling SEC It Would (coinfo) 11/25/2019 - 1:16pm
Distributed cybersecurity startup, Gladius has dissolved the firm without complying with its pledge to the U.S. Securities and Exchange Commission’s ( SEC ) to reimburse investors. The Rundown Gladius, which started as a blockchain cybersecurity service provider, conducted a token sale in late 2017, which saw the firm raise about $12.7 million in...
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Australia’s Monash University Expands Blockchain Research Center Beyond IT (coinfo) 11/25/2019 - 11:11am
Monash University, the second oldest university in the State of Victoria, Australia, has established a blockchain research center aimed at discovering possible ways of applying the new technology across several fields outside IT, according to a ZDNet report today. Headed by the Monash University associate professor, Joseph Liu, Monash Blockchain...
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Security Tokens on Tezos: Higher Demand? (coinfo) 11/25/2019 - 8:40am
Tezos came into the crypto world by raising $232 million in just two weeks in their then record-breaking ICO . If you haven’t heard about Tezos or want to know a little more about it, here are some insights into the project What’s Tezos? According to the project’s website, Tezos is “a decentralized blockchain that governs itself by establishing a...
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Thailand to Amend Crypto Rules to Further Boost Industry Activities  (coinfo) 11/25/2019 - 6:34am
Amid regulatory uncertainty for the Asian crypto ecosystem as recorded in China and India , Thailand is aiming toward boosting the country’s crypto businesses by amending its regulation for the sector. Following an announcement by the head of Thailand Security Exchange Commission (SEC), Ruenvadee Suwanmongkol, as reported today by Bangkok Post ,...
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Oil Exporters in Thailand to Get Tax Refunds via Blockchain-based System (coinfo) 11/25/2019 - 5:03am
The Excise Department of Thailand is exploring the use of blockchain technology for tax refunds and the prevention of tax frauds in the country, as reported by Bangkok Post on Nov. 25. The Director-general of the Excise Department, Patchara Anuntasilpa, said that the department would adopt the blockchain-based system of tax refunds by mid-2020...
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World Chess Set To Launch “Hybrid IPO” With Security Tokens (coinfo) 11/22/2019 - 2:27pm
World Chess, an online company that holds some commercial rights to the World Chess Championship tournament, has announced that it would hold a “hybrid Initial Public Offering” ahead of its shares floating on an exchange in 2020. The company will raise funds by first issuing digital tokens before its IPO, making it one of the companies to take...
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Alibaba Takes First Chinese Film “Striding into the Wind” to the Blockchain (coinfo) 11/22/2019 - 1:55pm
Alibaba Group, via its movie-making arm Alibaba Pictures, is bringing the Chinese film industry into the blockchain technology space, an executive confirmed in a report by China.org.cn dated November 22. Alibaba Pictures signed a Memorandum of Understanding (MoU) with a decentralized entertainment platform, SingularDTV, to tokenize the...
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Chinese Regulators Still Hard on Cryptos; Issues Warning on Industry Activities (coinfo) 11/21/2019 - 5:23pm
Regardless of the benefits associated with cryptocurrencies and the blockchain technology, the Chinese government still believe they are used to conduct illicit activities, In a local finance news outlet Eastmoney report today, the Office of the Leading Group for Special Remediation of Internet Financial Risks in Shenzhen has issued a strict...
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LG and Kakao Partners To Expand Blockchain-related Businesses (coinfo) 11/21/2019 - 1:03pm
LG CNS, an IT service subsidiary of LG Corporation, has recently partnered with Ground X, the blockchain division of Korea’s largest mobile platform Kakao , to develop various blockchain solutions in order to expand their businesses. According to a report by The Korea Herald on Nov. 21, the agreement was formally signed at the LG CNS Headquarters...
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Bitcoin Chip Maker Canaan Creative Settles for $90M IPO Raise After Credit Suisse Exit (coinfo) 11/21/2019 - 10:43am
Canaan Creative, a China-based company that manufactures bitcoin mining machines, recently raised $90 million in its Initial Public Offering (IPO), as reported by Bloomberg on Nov. 21. The company had earlier revealed its intentions to file an IPO application in the United States that it was targeting at least a $400 million raise in the IPO...
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