#Altcoins News

Facebook’s Libra Seeks Swiss Payment System License

September 12, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Facebook’s Project Libra has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA). FINMA says Libra’s service offerings will, however, require a broader oversight that would include operational risks, liquidity and more, according to a Reuters report on September 11, 2019. Facebook Forging Ahead with...

Swiss data Commisioner Switzerland Flag binoculars witnesses Libra

Swiss Regulator Issues Guidance on Libra and Stablecoins

September 11, 2019 by Ashwath Balakrishnan at Altcoins

According to a notification issued by FINMA, the regulator has confirmed that stablecoins will be treated just like any other blockchain-based token in Switzerland, September 11, 2019. The Libra Association requested FINMA to disclose how the network would be treated, and the regulator has stated that Libra will be classified...

OKEx Exchange HBAR Hedara Token Now Avaialable

OKEx Cryptocurrency Exchange to List Hedera Token (HBAR)

September 11, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

OKEx, a Malta-based cryptocurrency exchange revealed it will be listing Hedera Token (HBAR), the native altcoin of Hedera Hashgraph, a decentralized public blockchain network on its platform before the end of September. This according to an OKEx blog post, September 11, 2019, HBAR Going Live on OKEx Spot Market Per...

Facebook: Libra Cryptocurrency Faces Strict Regulatory Standards from U.S. Treasury

September 11, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019. Libra Must Comply or Die As the...

Coinbase Graffiti Loves Defi on Brick Wall

Coinbase Promotes Decentralized Finance with USDC Bootstrap Fund

September 11, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Coinbase, a leading San Francisco-based bitcoin trading venue, has announced the launch of the USDC Bootstrap Fund, to make it easier for developers creating solutions for decentralized finance (DeFi) to access funds for their projects. The USDC Bootstrap Fund is powered by smart contracts, according to a blog post on...

Bitcoin standing outside the Bank of China

China is Already a Digital Economy, so why Introduce a Central Bank Digital Currency?

September 11, 2019 by Ashwath Balakrishnan at Altcoins, News

China has been trending away from cash and toward digital payments for quite some time now. In 2018, 3.8 quadrillion yuan was remitted using plastic cards, cheques, electronic transfers, and other formal methods. According to Bloomberg, September 11, 2019, in the first quarter of 2019, payments apps like AliPay and...

SwanDAI: Hedging Against the Inherent Risks of DAI

September 10, 2019 by Ashwath Balakrishnan at Altcoins

Ethereum bears have consistently called DAI an unreliable stablecoin, as the peg is dependent on supply and demand stemming from Collateralized Debt Positions (CDPs) on MakerDAO. Similarly, those leveraging DAI to stack 10-14 percent of interest a year might be worried about the DAI peg collapsing. SwanDAI introduces a synthetic...

Stellar Lumens (XLM), Keybase Launch $120 Million XML Airdrop

Stellar Lumens (XLM), Keybase Launch $120 Million XLM Airdrop

September 10, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

The Stellar Development Foundation (SDF), a non-profit organization that claims to be dedicated to supporting the development and growth of the Stellar blockchain network, is collaborating with Keybase instant messaging platform to organize a 2 billion ($120 million) XLM token airdrop to users of the messaging platform, according to a...

Aelf Integrates Chainlink Oracle for Secure and Reliable Data Transfer

September 10, 2019 by Ashwath Balakrishnan at Altcoins

Aelf, a decentralized cloud computing project, has announced the incorporation of a Chainlink oracle over its network to improve the accuracy of information entering the Aelf network, September 10, 2019. This new development allows smart contracts to connect to data sockets and APIs all over the globe and provides easy...

Brave (BAT) Tops Japanese Browser Market

September 10, 2019 by Ashwath Balakrishnan at Altcoins

Brave has become the most downloaded browser on the Japanese Google store, making it the supreme choice of browser for Android users in the country. A Reddit user brought this to the community's attention amidst a surge in global Brave users, September 10, 2019. The need for privacy and the ability to be...

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