Month: September 2017

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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University of California Professor Criticize Central Bank-Issued Cryptocurrencies

In an interview with the MIT Technology Review, Rod Garratt, an economics professor at the University of California, Santa Barbara, criticized the efforts of central banks to launch their own state-issued digital currencies. Since the beginning of 2017, a growing number of central banks including the People’s Bank of China (PBoC) have revealed their intent …

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Russia Becomes the First to Transfer Secondary Metal Market to Blockchain with ReMeChain ICO

The ReMeChain pre-ICO (pre-placement of tokens) is set to begin from 9th November 2017. ReMeChain, an innovative trading platform for sale and purchase of secondary metals uses smart contracts to provide a safe and fast means of conducting transactions. By doing so, it solves the global problems of the industry and acts as a guarantor …

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Japanese Banks 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. Image credit: Digital identity, Pixabay 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 …

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Decentralized Bitcoin Exchange Bisq is Launching a Token, But It’s Not an ICO Cash Grab

While there were many attempts to create decentralized exchanges in the early days of bitcoin trading, Bisq (formerly Bitsquare) is one of the few options still standing. After existing in the wild for more than a year, the developers behind the project are now looking to turn the project into a decentralized autonomous organization (DAO). …

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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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Smartphone Maker Sirin Labs Unveils New Product Line Running on Blockchain

Sirin Labs, the maker of the US$16,000 Solarin Android smartphone, has unveiled its second line of devices named Finney. The Finney devices, named in homage to Bitcoin pioneer Hal Finney, will be designed from the ground up on an independent, fee-less blockchain specifically conceived to securely hold cryptographic coins and support crypto wallets, applications and …

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The Indian Government is Considering its Own Cryptocurrency

The Indian government is reportedly considering its own digital currency, similar to bitcoin. The central government of India has discussed the proposal with a committee of government officials, according to an unnamed source, reports the Business Standard. As India’s central bank believes that digital currencies are ‘susceptible to misuse’ the government is looking at a …

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U.S. CFTC Files Charges Against NY Firm And CEO Over Alleged Bitcoin Ponzi Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action against Gelfman Blueprint, Inc., a New York corporation, and Nicholas Gelfman, its CEO and head trader, charging them with fraud, misappropriation, and issuing false account statements in connection with solicited investments in bitcoin. Image credit: Gajus, Shutterstock.com According to the CFTC …

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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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Leverj Announces Ethereum-Based Decentralized Trading Platform for Crypto Derivatives

Leverj, a project developed by the team behind Coinpit, has unveiled plans to launch a fully functional decentralized trading platform for cryptocurrency derivatives. The platform promises to make significant strides towards improving security and usability in cryptocurrency trading. Built on Ethereum, the Leverj platform will allow users to manage crypto derivatives trades, while mitigating the …

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How Finland is Using Blockchain Technology to Help Unbanked Asylum Seekers

Nations around the world are witnessing an influx in refugee numbers. Yet, while countless individuals are keen to re-establish themselves in a new country it’s often easier said than done. For many proving who exactly they are is one of the challenges they face. In Finland, though, they are using blockchain technology to aid unbanked …

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Spheris: A Transparent and Fair Ethereum-Based App Marketplace For Developers and Users

 BEGINS 19TH SEPTEMBER The vast majority of data-reliant industries such as finance, insurance, and app distribution markets are heavily dependent on the presence of mediators and third-party service providers. As a result, in most cases, developers are required to forfeit a substantial percentage of earnings as fees to intermediaries. For example, in the app distribution …

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Blockchain Proptech Startup Propy Raises US$15M; Strikes New Partnership

Propy, a startup that’s building a global property store and a decentralized title registry powered by blockchain technology, has raised US$15 million through an initial coin offering (ICO) from more than 6,500 participants. Prior to the token sale, Propy had already secured US$2 million in pre-sale commitments. Investors in the startup include RenGen, an investment …

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The SEC is in Support of ICOs That Do Not Fall Under the Definition of Securities

According to Gil Penchina a partner at IDG Ventures and Flight.vc, the US Securities and Exchange Commission is in support of initial coin offerings (ICOs) that do not fall under the definition of securities. In a column, Penchina provided insights into the current state of the ICO market and the legality of specific projects such …

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