#Business News

MERJ Partners with U.K Firm Globacap to Offer Tokenized Assets in IPO

September 1, 2019 by Ogwu Osaemezu Emmanuel at Business

In a bid to set international governance standards and safety nets in the cryptospace, MERJ Exchange, Seychelles' first national stock exchange to list tokenized securities, has partnered with Globacap, the U.K.'s first regulated platform to issue equity tokens. In their alliance, the duo will offer tokenized assets to the U.K....

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Pantera Capital Invests in Four Scalability-Focused DLT Projects

August 31, 2019 by Ogwu Osaemezu Emmanuel at Business

Pantera Capital, a distributed ledger technology (DLT) focused investment firm and hedge fund has adopted four blockchain projects aimed at solving the age-long scalability problems of the cryptoverse. The projects include Polkadot, BloXroute, Origin, and Filecoin, reports Forex Crunch on August 29, 2019. Pantera Capital Focused on Eliminating Scalability Issues ...

Switzerland: FINMA-Licensed Cryptocurrency Bank Eyes Singapore Expansion

August 29, 2019 by Ogwu Osaemezu Emmanuel at Business

Sygnum, a cryptocurrency company that claims to develop an integrated solution that enables its clients to securely issue, store, trade and manage blockchain-based cryptoassets, is seeking for a banking license from the Monetary Authority of Singapore (MAS), to enable it to offer brokerage, tokenization and other crypto-related services to qualified...

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Despite Patrick Byrne’s Departure, Overstock Continues to Dabble with Cryptocurrency and Blockchain

August 26, 2019 by Aisshwarya Tiwari at Business

According to a report published by Yahoo Finance on August 24, 2019, U.S.-based internet retailer Overstock is doubling down on its investment in the cryptocurrency and blockchain space. Interestingly, this development comes just a few days after the Midvale-headquartered firm’s pro-crypto CEO, Patrick Byrne resigned from his position under controversial...

Cryptocurrency Custody Giants Battle For Lions Share of Institutional Market

August 20, 2019 by Ashwath Balakrishnan at Business

The acquisition of Xapo by Coinbase has effectively created the largest digital asset custodian in the world, with nearly $8 billion in assets managed. But this has only intensified the competition as custodial stalwart BitGo has announced they will be offering Xapo customers one year of free service with a...

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Bitholic Cryptocurrency Exchange Rebranded as Bithumb Singapore Following Partnership

August 20, 2019 by Edoardo Vecchio at Business, News

According to a press release dated August 20 2019, Singaporean fintech company RDMCHAIN PTE. LTD has successfully rebranded its cryptocurrency exchange from “BITHOLIC” to “Bithumb Singapore” as part of an expansion campaign in partnership with major Korean exchange. New Partnership and Rebranding Singapore-based cryptocurrency exchange BITHOLIC has now officially changed...

South Korea Slams Crypto Exchange Bithumb With $69.3 Million Tax Bill

South Korean Crypto Projects are Listing on Foreign Exchanges for Wider Reach

August 20, 2019 by Ashwath Balakrishnan at Business

Blockchain projects in South Korea are increasingly moving away from domestic token issuances in search of deeper markets for their cryptocurrencies. As per a report from Business Korea, August 19, 2019, the number of projects choosing to list overseas are increasing as global exchanges and launchpads open themselves up with Korean...

Bitfinex New York Supreme Court Pointing Fingers

New York Supreme Court Dismisses Bitfinex Petition

August 20, 2019 by Ashwath Balakrishnan at Business

Earlier this month, Bitfinex filed a petition with the New York Supreme Court claiming that the New York State Attorney General (NYAG) was wrongly investigating Bitfinex as New York lacks the jurisdiction to do so. This argument was based on the fact that Bitfinex claims they have never catered to...

South Korean Messenger KakaoTalk Releases Blockchain Platform Klaytn

Shinhan Bank Ally with Kakao’s Ground X to Build DLT-Based Security Solution

August 16, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business

Shinhan Bank, a highly reputed Seoul-based financial institution that has been in existence since 1897, has joined forces with Ground X, the distributed ledger technology (DLT) and fintech platform of Korea’s internet giant, Kakao, and Hexlant, for the development of a blockchain-based security solution for its customers, reports The Korea...

HIVE Partners With Blockbase to Optimize Mining

August 14, 2019 by Ashwath Balakrishnan at Business

HIVE Blockchain has entered into a strategic agreement with Blockbase to be the HIVE's software and maintenance service provider for mining operations in Sweden, as per a press release, August 13, 2019. Blockbase's expertise in the realm of operational software will help HIVE optimize their GPU mining by increasing efficiency...

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