Tag: digital currencies

On November 14, 2018, the International Monetary Fund’s (IMF) Managing Director Christine Lagarde is of the opinion that governments and central banks should look into issuing state-backed digital currencies, witnessing the global shift to cashless economies. Although, IMF chief stated that such innovation could best be achieved by a public-private partnership.    Regaining Footing in Digital Money Ecosystem Speaking at…

READ MORE

Dubai partnered with IBM to launch a Government-backed blockchain platform in the Middle East as part of the Government’s Smart Dubai Initiative. According to an Arab News article published on October 31, 2018, the blockchain platform is related to Dubai’s blockchain strategy, where the country is preparing to have the world’s first fully digitized Government by 2021. Dubai: A Pioneer…

READ MORE

FXcoin Ltd., a Japanese cryptocurrency startup which was founded by a Deutsche Bank AG veteran brought on Yasuo Matsuda as a senior cryptocurrency strategist. This signals another development in the space between traditional finance and cryptocurrencies to attract more people to fintech. Traditional Expertise in new Markets FXcoin was created to research digital tokens to boost investor confidence when investing…

READ MORE

When bitcoin was launched in 2009, the idea was to enable individuals to be their bank by allowing them to store, send and receive digital cash without the need for a financial intermediary. Since the early days of bitcoin, much has changed in the world of cryptocurrencies. Today, there is a wide range of different type of digital currencies and…

READ MORE

The political aspects of the pioneer cryptocurrency bitcoin also came with a bag of aesthetic values. Anarchist literature, Occupy Wall Street sentiments, and the tearing down of the big banks propelled Satoshi Nakamoto’s innovation back in 2009. Now, many of the catchphrases of this seemingly bygone era are still in circulation. But, as many ICOs have propped up their very…

READ MORE

The Bank of England has stated that a revamped payment system currently under development will offer integration and support for fintech firms using blockchain technology. The pronouncement, which the UK’s central bank made on July 23, 2018, will come as a welcome fillip to the British cryptosphere and encourage further blockchain finance development in the country. Blockchain and Crypto Friendly…

READ MORE

The Chinese government has issued a revision of its cryptocurrency ranking, adding two new cryptocurrency projects. According to the revised ranking, EOS is now at the top of the list. CCID’s Ranking System China’s Center for Information Industry Development (CCID) published its second monthly Global Public Chain Technology Evaluation Index on June 20 at the Shanghai Science Hall, the Chinese…

READ MORE

Ex-executives of GoDaddy, the Internet domain and hosting giant, raised $6.5 million in June 2018 to develop a stablecoin. Stablecoin Project According to a report by Fortune on June 22, 2018, Rene Reinsberg and Marek Olszewski, previously vice presidents at GoDaddy’s restaurant and small business division, are looking to emulate their success with startups – the entrepreneurs were founders of…

READ MORE

Lition has signed up with ICOBox, the world’s premier service provider for conducting ICOs. The latter will provide advice to help ensure Lition has the best support possible while they prepare to launch their ICO later this summer. The Lition Token The Lition Energy Exchange brings transparency and sustainability into the currently closed-off energy system by directly connecting green energy…

READ MORE

The Bitcoin flag is firmly setting deep roots around the world, with authorities making swift moves to regulate the burgeoning digital assets sector. In a development on May 30, 2018, the New York State Assembly proposed launching a digital currency task force to evaluate the cryptocurrency and blockchain sector. Integrate Cryptocurrencies into Existing Financial Frameworks As per a proposed bill,…

READ MORE