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Ripple has established a regional office in the Dubai International Financial Centre, or DIFC, according to a Nov. 7 announcement. For its “innovative regulations.” the blockchain-based payments firm reportedly chose the location. The DIFC website states that the special economic zone serves more than 2,500 companies. As a “independent regulator” with a “proven judicial system” […]
A licencing agreement with the Formula E electric single-seater car racing championship has been announced by Blockchain gaming company Animoca Brands to develop a blockchain-powered motorsports game with non-fungible tokens (NFTs). As an in-game currency, the Formula E game will use Animoca’s REVV utility token. For Animoca’s F1 Delta Time title, and the upcoming MotoGP […]
The director-general of the National Information Technology Development Agency of Nigeria, or NITDA. Said the country could potentially expect blockchain technology to generate revenues of between $6 billion and $10 billion over the next ten years. Director-General Kashifu Inuwa spoke at a stakeholder meeting in the Nigerian capital of Abuja to review the Agency’s National […]
The most popular cryptocurrency, bitcoin (BTC), took around a day to jump from USD 14,000 for the first time since January 2018 to above USD 15,000. BTC trades at US$ 15,042 at pixel time (16:03 UTC) and is up by 8 percent in a day and 12 percent in a week. BTC rallied in a […]
Ripple CTO David Schwartz recently went to Twitter to discuss with community members why banks were reluctant to adopt XRP as a bridge in the midst of a challenging year for the payments-focused cryptocurrency. Schwartz explained last week during an exchange with a member of the Ripple community that there are a set of obstacles […]
The financial institution will partner with the Commonwealth Bank, National Australia Bank. The financial services company Perpetual, and software company ConsenSys on a project to explore the potential use of a wholesale central bank digital currency in the country using “Ethereum-based distributed ledger technology”. According to a Nov. 2 announcement from The Reserve Bank of […]
Belgium’s financial watchdog has reported that scammers stole up to $12 million using fraudulent ads from investors in the country. The watchdog estimated in an Oct. 5 warning from the Financial Services and Markets Authority (FSMA) that investors in Belgium had lost at least 10 million euros to fraudulent platforms, including those dealing with cryptocurrencies, […]
According to Nathan Catania, a partner at Gibraltar-based XReg Consulting. A group of former regulators and insurance professionals specialising in the regulation of crypto assets. More quality regulation, such as Gibraltar ‘s updated guidance on crypto companies. Is beneficial for those companies, end users, and the entire crypto space, leading to increased adoption. In some […]
After there was a clear close above the USD 11,000 resistance, the bitcoin price gained strength. The USD 11,250 and USD 11,400 levels were cleared by BTC. The price is currently (05:00 UTC) consolidating gains below USD 11,500 and the next upside break seems to be aligned. Similarly, most major altcoins, including ethereum, XRP, litecoin, […]
A politician called on South Korea to “urgently” prioritise the development of crypto security technology. Stating that for the country, and the rest of the world, blockchain-powered finance is now an inevitable reality. At a Blockchain National Government Project event, sponsored by the Legislative Policy Research Group of the Parliament. And jointly hosted by Lee […]