#Finance News

OKEx Cryptocurrency Exchange to Launch New Futures Products, Implement Perpetual Swap Settlements and More

August 21, 2019 by Edoardo Vecchio at Finance

According to an official announcement on their website, popular cryptocurrency exchange OKEx is launching new a futures product with daily settlement, as well as adjusting perpetual swap settlement and funding time. Futures Contract with Daily Settlement Malta-based cryptocurrency exchange OKEx is undertaking various renovations to enhance users trading experience. The...

Rakuten mobile wallet crypto bitcoin ether bitcoin cash

Rakuten Expands Cryptocurrency Operations, Launches Crypto Exchange

August 19, 2019 by Ashwath Balakrishnan at Finance

Rakuten Group, the largest e-commerce company in Japan, launched a crypto wallet in 2017 via Rakuten Wallet Inc, a subsidiary of the online giant. The company has announced the launch of an exchange, allowing users to trade in BTC, ETH, and BCH using a mobile wallet for Android. The iOS...

Barclays Revokes Banking Relationship with Coinbase

August 14, 2019 by Ogwu Osaemezu Emmanuel at Finance

Barclays, a London-based multinational bank and financial services company, has reportedly severed ties with a leading crypto exchange, Coinbase, according to industry sources on August 14, 2019 Barclays Shuts it Doors Against Coinbase After more than one year of a glorious relationship between Barclays, one of the oldest and most...

DLT Supple Chain and Trade Platform TradeWindow Receives Investments from ASB Bank

August 13, 2019 by Edoardo Vecchio at Finance

According to an August 12 press release, TradeWindow, a startup which uses distributed ledger technologies for the trade market, received investment funds from ASB bank, a subsidiary of Commonwealth Bank of Australia. Established Collaboration ASB Bank, a New Zealand's bank owned by Commonwealth Bank of Australia, made an investment in...

China’s Central Bank “Ready” to Launch National Digital Currency

August 12, 2019 by Anthonia Isichei at Finance

An official at China’s central bank recently revealed the central bank's readiness to launch the country’s central bank digital currency (CBDC) according to a report by Shanghai Securities News on August 10, 2019. The CBDC would be issued by the central and commercial banks. Centralized Digital Currency Could Launch Soon Following...

Allianz building with crypto tokens swarming it gold blue

Allianz Explores Tokenization to Enhance Cross-Border Insurance

August 10, 2019 by Ashwath Balakrishnan at Finance

The newest buzz in blockchain development is leaning towards implementations on an enterprise level. Allianz Global Corporate & Speciality SE (AGCS) has confirmed they are building a tokenized ecosystem to utilize the blockchain for insurance payments. This adds to the already existing insurance solutions based on the blockchain, but will...

Bitcoin and Ether Market Update: August 08, 2019

August 8, 2019 by Georgi Hristov at Altcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, Finance, News, News Digest, Price Analysis, Price pages

Total crypto market cap added $17.7 billion to its value since Monday, August 5 and now stands at $308.9 billion. Top ten coins are mostly flat for the last 24 hours with Binance Coin (BNB) and Monero (XMR) being the best performers with 9.1 and 4.2 percent of increase respectively....

Dubai skyscraper kicking back in the sunset around blockchains

Dubai: Five Major Insurers Adopt Blockchain-Based InsurTech Solution

August 7, 2019 by Edoardo Vecchio at Finance

According to a press release dated August 7, UAE-based InsurTech company Addenda is adding five more insurance companies to its customer portfolio. The firm hosts a platform that allows insurers to manage claims and other insurance processes via the blockchain. Customer Portfolio Expanded The firm is headquartered in the Dubai...

Crypto Firm BlockFi Raises $18.3 Million in Latest Funding Round

August 6, 2019 by Aisshwarya Tiwari at Finance

In a press release issued on August 6, 2019, cryptocurrency management firm BlockFi announced that it had raised $18.3 million in a Series A funding round. Per sources in the know, the venture round was led by Valar Ventures and saw participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna...

Bitcoin Walking away from a Bank Disappointed

Bitcoin Aversion by Israeli Banks Hindering Crypto tax Payments

August 6, 2019 by Osato Avan-Nomayo at Finance

Israeli media sources say bitcoin traders in the country are finding it difficult to pay taxes as banks continue to refuse crypto deposits, August 6, 2019. Banks in many countries refuse to accept deposits from crypto-related activities based on fears of money laundering and other illicit financial activities. Israeli Bitcoiners...

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