#finance

Thai Revenue Department Tests Blockchain Technology to Track VAT Payments

December 4, 2018 by Aisshwarya Tiwari at Adoption, Blockchain, Finance, News, Regulation

Blockchain technology is being tested by the Revenue Department of Thailand to keep track of value-added tax (VAT) payments, reports Bangkok Post, December 3, 2018. If successful, Thailand could become the first country in the world to utilize distributed ledger technology (DLT) for tax purposes. Leveraging Blockchain Technology to Fight...

Japan’s FSA Looks to Regulate Initial Coin Offerings (ICO)

December 4, 2018 by Cindy Huynh at Altcoins, Business, Development, Finance, News, Regulation

While initial coin offerings (ICOs) are unregulated in many well-developed nations, Japan and Singapore are keen to provide clear guidance and implement new regulations for the cryptocurrency industry. According to a JiJi Press’ article published on December 1, 2018, the Japanese Financial Services Agency (FSA) will launch a transparent ICO...

Investment Funds Network Calastone Will Shift onto Blockchain in 2019

December 3, 2018 by Cindy Huynh at Adoption, Blockchain, Business, Finance, News

Calastone, a London-based fintech firm, will shift its existing network onto a blockchain in May 2019. According to a Reuters’ article published on December 3, 2018, the move to blockchain technology will help the company reduce billions of dollars in costs every year for the fintech sector. Transforming Mutual Funds...

Bitcoin Recovers and Finds New Support Above $4,000 Mark: BTCManager’s Week in Review December 3, 2018

December 3, 2018 by Alex Lielacher at Altcoins, Blockchain, Business, Finance, News, Platform, Tech

After two dark red weeks, bitcoin finally managed to recover and gain new support above the $4,000 mark after trading as low as $3,600 in the prior week. The relief rally saw the price of bitcoin bounced back by almost ten percent to close the week at around $4,150. As...

OKEx CEO Abruptly Quits Citing Personal Reasons

Cryptocurrency Exchange OKEx Launches Perpetual Swap Product to Expand Trading Suite

December 3, 2018 by contributor at Exchange, Finance, News

South Korean cryptocurrency exchange OKEx launched its perpetual swap trading product in Seoul on December 3, 2018, during a press conference attended by BTCManager. Burgeoning Crypto-Finance Domiciled in Malta, OKEx described the product as a significant addition to its growing list of crypto-centric trading products and financial tools. With the...

How Troubled Can the Relation between Blockchain and GDPR Be?

December 1, 2018 by Nuno Menezes at Altcoins, Blockchain, Business, Finance, News, Tech

The Hard Fork Decentralized event will be open from 12 to December 14, and one of the primary discussions the event will be focusing on is related to the concerning relation between blockchain and GDPR. Permissioned vs Permissionless The Next Web, a Fintech focused News Hub, is organizing Hard Fork...

Wall Street banking boss mixing cryptocurrencies to make profit

Wall Street Continues to Experiment with Cryptocurrencies Despite Crypto Crash

December 1, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Finance, News

Players in the mainstream finance sector continue to experiment with cryptocurrencies and blockchain technology despite the recent Bitcoin crash. According to the Financial Time’s Article published on November 28, 2018, many companies such as large proprietary traders and institutional investors are still looking to ride the cryptocurrency movement, as they...

Tether Trying to Bounce Back to its Feet, Reopens Account Verification and Fiat Withdrawals

November 29, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Finance, News, Regulation, Tech

Tether (USDT), the world's first unstable stablecoin has announced the reopening of account verification and redemption of USDT to fiat straight from its platform, according to a press release by Tether Ltd., on November 27, 2018. Tether Staging a Comeback? Tether Ltd., the firm in charge of USDT, the world's...

Eccentric High-Profile Cryptocurrency Entrepreneur Moshe Hogeg Robs His Company Invest.com

November 29, 2018 by Cindy Huynh at Business, News, Regulation, Tech

Invest.com - an online trading, and an investing platform is currently in the process of being liquidated despite launching two successful initial coin offerings (ICOs) and a merger with AnyOption in 2017. According to The Times of Israel’s article published on November 27, 2018, the petition to liquidate the company was instigated...

Singapore’s State Investment Firm Setting up New Groups to Explore AI and Blockchain Deals

November 25, 2018 by Priyeshu Garg at Blockchain, Finance, News, Tech

Temasek Holdings Pte, Singapore's state investment firm, is setting up new groups to explore opportunities in artificial intelligence and blockchain technologies, Bloomberg reported on November 22, 2018. Temasek Seeking Shifting Its Focus to AI and Blockchain Singapore's state investment firm became the latest major institution in line to jump onto...

Colorado Securities Regulators Crack Down on 18 ‘Fraudulent’ ICOs, With More on the Way

November 25, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News, Regulation

The Colorado State Department of Regulatory Agencies (DORA) has filed cessation orders against four ICOs that were allegedly involved in 'fraudulent and illicit' practices, bringing the total number of ICOs stopped by the state’s bodies to 18 this month, Denver Business Journal reported on November 22, 2018. Four More ICOs...

Gibraltar Blockchain Exchange (GBX) Secures DLT Provider License

November 25, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Finance, News, Tech

Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange Group (GSX Group) that claims to be aiming to be a world-leading institutional-grade token sale platform and cryptoassets exchange, has announced it has successfully obtained the Gibraltar distributed ledger technology (DLT) provider license from the nation’s Financial Services Commission...

SBI Ripple Asia Partners with Payment Card Consortium in Japan To Combat Fraud

November 23, 2018 by Cindy Huynh at Blockchain, Business, News

SBI Ripple Asia has recently partnered with the Japanese Payment Card Consortium to fight fraud with blockchain technology. According to BankingTech’s article published on November 22, 2018, the participating companies plan to prevent the damages caused by fraudulent transactions, by sharing data and information on a real-time basis along Corda,...

IBM to Develop a Blockchain-Based Solution for Scientific Researchers

Columbia University and IBM Announce Two Accelerator Programs To Assist Blockchain Innovation

November 20, 2018 by Cindy Huynh at Bitcoin, Blockchain, Exchange, News, Platform, Tech

Columbia University and IBM recently launched two accelerator programs designed to help build and grow blockchain startups. According to IBM’s press release published on November 19, 2018, the accelerator programs will provide blockchain founders the ability to access critical resources and expertise required to develop their blockchain network. Helping Founders...

Switzerland Stock Exchange Chairman: Creating a National Cryptocurrency will Boost the Economy

Switzerland OKs HODL: World’s First Cryptocurrency ETF to Launch Next Week

November 19, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Exchange, Finance, News, Regulation

In a historic decision amidst the crypto bloodbath, Swiss cryptocurrency startup Amun AG has been given the go-ahead to list a crypto index fund on Europe’s fourth-largest stock exchange, SIX Swiss Exchange. With a market cap of $1.6 trillion, the exchange will facilitate the world’s first crypto Exchange Traded Product...

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