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Ontology (ONT) and NEO (NEO) Launch Open Cross-Chain Platform

July 18, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins

NEO (NEO), an open-source, community-driven platform for decentralized applications (dApps) has joined forces with Ontology (ONT) to build an open cross-chain platform to serve as a foundation for the next-gen internet, according to a press release on July 18, 2019. NEO and Ontology Building the Next-Gen Internet In a bid...

The Pundi X phone at a rocking night club

Pundi X Launches Africa’s First Blockchain Smartphone

July 18, 2019 by Ogwu Osaemezu Emmanuel at Tech

While at the GSMA Mobile 360 Africa event on July 16, 2019, Pundi X, a distributed ledger technology (DLT) startup launched XPhone, a blockchain-based smartphone in Kigali, Rwanda. XPhone is the first blockchain-powered smartphone to be unveiled in Africa, reports Newtimes on July 17, 2019. First Blockchain-based Smartphone to be...

Cryptocurrencies standing proud waving the French flag blockchain

French Regulators Set to Approve Bitcoin-Linked Firms

July 18, 2019 by Ogwu Osaemezu Emmanuel at Regulation

France’s financial watchdog, the Financial Markets Authority (AMF) has announced plans to implement a new set of rules that will govern bitcoin and crypto-based businesses in the region. The regulation is expected to go live later this month, and it takes care of essential pain points like consumer protection, tax...

PayPal Set to Challenge Blockchain-Based Payments with Xoom

July 17, 2019 by Ogwu Osaemezu Emmanuel at Finance

PayPal, the global payments giant, has announced that its Xoom payments and remittance solution will soon go live in the United Kingdom and 31 markets across the world, reports PYMNTS on July 15, 2019. PayPal Extends Xoom's Reach In a bid to remain relevant in a world where cryptocurrency and...

Diamonds Sitting next to a Pyramid Scheme

Venezuelans File $30 Million Lawsuit against Crypto Ponzi Scheme

July 17, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

A group of Venezuelan citizens has dragged the owners of Eagle Financial Diamond Group Inc. and Argyle Coin have been dragged to court for defrauding them through their diamond-backed crypto Ponzi scheme. Now, the plaintiffs are demanding their initial investment money plus interest on the funds, as well as fees...

Bitcoin Suisse Applies for Banking License with Swiss Regulators

July 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

In a bid to expand its crypto product offerings and strengthen its position as a global provider of crypto-based financial services, Bitcoin Suisse AG has applied for a banking license with the Swiss Financial Markets Supervision Authority (FINMA), according to a press release on July 16, 2019. Bitcoin Suisse Seeks...

CoinFLEX to Launch Polkadot’s DOT Futures on July 17, 2019

July 17, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

CoinFLEX, a platform that offers physically-delivered Bitcoin and Tether futures, is looking to launch its first initial futures offering (IFO) on July 17, 2019. The first project, Polkadot’s DOT tokens, will be offered at $75 each during the IFO. The sale is in a bid to meet a $1.2 billion...

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SeedCX Subsidiaries Secure New York BitLicense

July 16, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Seed CX, a regulated bitcoin trading platform for professionals, has achieved a significant feat in its development, as two of its subsidiaries, Seed Digital Commodities market LLC (SCXM) and Zero Hash LLC, have obtained virtual currency licenses from the New York State Department of Financial Services (DFS). Securing the BitLicense...

Cleveland Cavaliers BasketBall Club Joins the Crypto Bandwagon

July 16, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

The Cleveland Cavaliers, an American professional basketball club established in 1970, and Cavs Legion GC, the NBA 2K League counterpart of the former, have inked a partnership deal with UnitedCoin, a cryptocurrency project. The partnership will enable UnitedCoin to become the official crypto partner of Cavs Legion, according to a...

The UK’s Royal Mint Produces First Cryptocurrency

July 15, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Temtum, a crypto project developing a quantum-secure, decentralized blockchain network called Temporal, has created the genesis block for its temtum (TEM) altcoin using the infrastructure of the Royal Mint. The startup has also stored temtum’s private keys in the vault of the Royal mint ahead of its official launch on...