#Finance News

McAfeeMagic: John McAfee’s Crypto Trading Platform

June 14, 2019 by Edoardo Vecchio at Finance

Following the launch of his credit card, John McAfee announced his new trading platform McAfee Magic on June 11, 2019. The project allows manual and automatic cryptocurrency trading on various exchanges. The Man behind the Magic John Mcafee is likely one of the most controversial characters in the crypto community....

Blast from the Past Bitcoin Price Decline Bears Strong Resemblance to the Nasdaq Crash of 2000

Nasdaq and CryptoCompare to Debut Trusted Cryptocurrency Data Service

June 11, 2019 by Osato Avan-Nomayo at Finance

In a press release shared with BTCManager on June 11, 2019, CryptoCompare has announced the launch of a new institutional grade pricing and data aggregation product in conjunction with Nasdaq. The cryptocurrency aggregation platform says the new service will be hosted on Quandl, another alternative data service. The data aggregator...

European Central Bank Executive Backs Central Bank Digital Currencies

May 29, 2019 by Mohammad Musharraf at Adoption, Finance

In his speech published May 27, 2019, Vitas Vasiliauskas, a Governing Council member of the European Central Bank, highlighted the benefits of a central bank digital currencies (CBDC). The Council member referred to some of the major drawbacks that hinder its implementation. The speech was delivered during the Reinventing Bretton...

Early Backers of Cryptocurrency Startup Block.one in Line for Mega Payday

May 23, 2019 by Anthonia Isichei at Finance

PayPal's Peter Thiel and other early Block.one backers are in line to receive returns of more than 6,500 percent for their initial investments, Bloomberg reports. The cryptocurrency startup is looking to buy back ten percent of its shares. Meanwhile, hedge fund billionaire, Mike Novogratz's Galaxy Digital has already sold most...

Ripple Facilitates Payment Remittances From India to Saudi Arabia

May 22, 2019 by Ashwath Balakrishnan at Adoption, Altcoins, Blockchain, Finance, News, Ripple

Indian commercial bank IndusInd has tied up with Saudi Arabian British Bank (SABB) through their partnership with Ripple. The payment remittance corridor between the two countries is powered through xRapid and xCurrent, as both banks adopted both networks, as revealed by Ripple, May 20, 2019. Further Headway in India After...

U.S.: Decision on VanEck Bitcoin ETF Delayed Again

May 21, 2019 by Aisshwarya Tiwari at Bitcoin, Commentary, Finance, News, Regulation

The wait for a Bitcoin exchange-traded fund (ETF) continues to drag as the U.S. Securities and Exchange Commission (SEC) on May 20, 2019, again delayed deciding on a Bitcoin ETF proposal by the VanEck SolidX Bitcoin Trust. SEC Taking its Time In its official notice, the SEC wrote that it...

Myanmar’s Central Bank Wary of Volatile Cryptocurrencies; Cautions Investors to Not Trade

May 21, 2019 by Aisshwarya Tiwari at Altcoins, Finance, News, Regulation

According to a report by The Myanmar Times, published May 20, 2019, the Central Bank of Myanmar (CBM) has warned investors against trading in cryptocurrencies due to their volatile nature. The Burmese Apex Bank Issues an Anti-Crypto Warning Aiming to safeguard novice investors from the volatile nature of digital currencies,...

MakerDAO Proposes 17.5 Percent Stability Fee Decrease

May 20, 2019 by Ashwath Balakrishnan at Adoption, Finance, News, Stablecoins

In another twist, MakerDAO's Interim Risk Team has decided to initiate a proposal to reduce the stability fee from 19.5 percent to 17.5 percent, as per a blog post from May 17, 2019. This is the eighth fee change in three months and the second in May 2019. Finding Solid...

Digital Coin Moving through the Door of a Bank

Report: Major Banks Are Investing $50 Million to Build Digital Cash Settlement System

May 19, 2019 by Mohammad Musharraf at Adoption, Altcoins, Blockchain, Finance, News

First reported in 2017, the Swiss bank UBS-led project to create a digital cash settlement system is expected to get an investment of $50 million from some of the largest banks around the world. Unnamed sources linked to the project told Reuters May 17, 2019. Research and Development Almost Complete...

Woman on a Beach looking at Blockstream Liquid

Blockstream Unveils ‘Plug-and-Play’ Liquid Network-based Security Token Issuance Platform

May 17, 2019 by Osato Avan-Nomayo at Adoption, Altcoins, Blockchain, Finance, News

Bitcoin infrastructure developer Blockstream has debuted a security token issuance platform based on its Liquid Network. The platform will allow companies to deploy tokenized securities without having to worry about computer programming and regulatory requirements. Liquid Securities: Blockstream Introduces STO as a Service In a blog post published on Wednesday...

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