#digital currencies News

LocalEthereum Renames to LocalCryptos; Introduces Bitcoin and other Digital Currency Support

November 19, 2019 by Aisshwarya Tiwari at Bitcoin

Ether (ETH) P2P exchange platform LocalEthereum has officially renamed itself to LocalCryptos and introduced support for a slew of different cryptocurrencies including Bitcoin (BTC), and several other ERC-20 tokens. LocalEthereum Looks to go Global LocalEthereum, a prominent exchange in the cryptocurrency space that allows traders to buy, sell, and trade...

Central Banker contemplating a central bank digital currency over the dollar

IBM and OMFIF Report Reveals Central Banks Fear Digital Efficiency

October 30, 2019 by Ashwath Balakrishnan at Altcoins

Central banks across the globe have been reserved in their approach to digitization. These institutions are huge proponents of digital payments channels on a retail level, but when it comes to digitizing all currency, their worst fears kick in. According to a report published by IBM and the Official Monetary...

A man watching bitcoin and Ethereum bob along in the sea

FINRA Requests Financial Firms Report to them Prior to Dealing with Digital Assets

July 21, 2019 by Ashwath Balakrishnan at Regulation

The Financial Industry Regulatory Authority (FINRA) previously asked its member firms to inform them before they engaged in activities relating to digital assets. In a new notice, FINRA has confirmed the continuation of this rule along with a few more added clauses in an attempt to set a precedent for...

Thailand Stock Exchange Boat Sunset Bitcoin Gold Sea Beach

Stock Exchange of Thailand Announces Digital Assets Platform

March 15, 2019 by Tokoni Uti at Adoption, Bitcoin, Blockchain, Business, News

The Stock Exchange of Thailand (SET) published a document on March 13, 2019, where they outlined plans to modernize and transform the Thai capital market, and one of the steps in that plan involves the rolling out of a digital assets trading platform in 2020. Hot Cake It would seem...

Trezor Phishing Crypto Wallet Flies Swatted

Phishing Scammers: Trezor Cryptocurrency Hardware Wallet Action

February 15, 2019 by Ogwu Osaemezu Emmanuel at Business, News, Tech, wallet

Trezor, a hardware wallet for storing a vast array of digital assets including bitcoin (BTC) and litecoin (LTC) has released an official statement concerning the recent phishing attacks on its electronic shops, products, as well as websites of its affiliated partners, according to a Medium blog post on February 13,...

IMF Explores the Synergies Between Privately Backed Stablecoins and CBDCs

IMF Head Lagarde Urges Central Banks to Consider Issuing Digital Currencies

November 15, 2018 by Pratik Makadiya at Altcoins, Blockchain, Business, Development, Finance, News, Platform, Tech

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...

New Blockchain Consortium in Middle East Will Improve KYC Efforts Among Banks

Dubai Launches the First Government-Backed Blockchain Platform in the Middle East

November 1, 2018 by Cindy Huynh at Bitcoin, Blockchain, News, Platform, Tech

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...

Deutsche Bank’s Yasuo Matsuda Joins Japanese Crypto-Startup FXcoin

September 5, 2018 by Eric Czuleger at Bitcoin, Development, Exchange, Investment, News

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...

Rwanda Studies CBDCs To Minimize Transaction Cost and Maximize Output

The Pros and Cons of a Central Bank Digital Currency

August 28, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, News, Tech

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...

Why Crypto Has always Needed a Bitcoin Bank

August 22, 2018 by Liam J Kelly at Altcoins, Bitcoin, Blockchain, Finance, News, Tech

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...

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