Bank Frick, a Liechtenstein-based bank, has announced the launch of its subsidiary, DLT Markets, an institutional cryptocurrency trading platform. The subsidiary is aimed at offering institutional investors with fully regulated and secure multi-exchange access to the digital token asset class. Edi Wögerer, CEO of Bank Frick, has said that DLT Markets will be serving as an unique entity reaping the benefits of a fintech company integrated with a bank regulated by the EU.
Binance has announced the launch of testnet of its new decentralized cryptocurrency exchange, Binance DEX. The exchange, which is based on Binance Chain, is now available for customers, and allows users to create wallets and exchange tokens on the Binance DEX testnet. The exchange is also claimed to support secure decentralized software and hardware wallets.
Blockchain is surely not all about Bitcoins only. In just a few years, the nascent technology has created a dent in every industry. It has already found applications in healthcare, supply chain management, banking and finance, agriculture, retail sector, etc. ensuring security and transparency. It has successfully helped in reducing frauds in various sectors by issuing […]
Libereum, a Dutch crypto firm, has acquired Elche CF, a Spanish soccer club, for $4.9 million. With the acquisition, the crypto company aims to buy a set of international soccer clubs and make its ERC20 token, Liber, a compulsory payment form to let fans into the stadiums of its owned clubs.
BitMEX, a crypto exchange, and Madison Holdings, a French wine retailer, have announced their intent to acquire a majority stake of BitOcean, a Japanese crypto exchange. Reportedly, Madison Holdings Group will acquire a 62.7% stake of BitOcean for $15.12 million (1.68 billion Yen) in addition to an extra fees of $15 million.
Picks & Shovels, a provider of tools for crypto investors, has signed merger agreement with CoinVantage, a subsidiary of accounting firm MG Stover. The new entity will be known as Interchange and will concentrate on developing software products for clients of the financial industry. However, the financial term of the deal has not been disclosed.
Facebook Inc. has announced its plans to introduce a new crypto coin that will allow users transfer money using WhatsApp. The social media company first aims to target the Indian remittances market. The firm is working on developing a stablecoin or a digital currency that will be pegged to the US dollar to eliminate the volatility in crypto markets.
Ledger, a crypto hardware wallet company, has signed a Memorandum of Understanding (MoU) with Crypto.com, a Hong Kong-based crypto payment company. The MoU will enable Ledger clients to use the Crypto.com Pay service to pay for products with cryptocurrencies. As reported, the payment platform will be incorporated into Ledger’s online store, thereby allowing consumers to make purchases using Crypto.com Wallet.
The Central Bank of Bahrain (CBB) has prepared draft rules for regulation of digital assets and related aspects of the nation’s crypto industry. The CBB rules cover the implementation of a licensing regime for crypto-trading services providers. In addition, a supervisory mechanism has also been developed for companies offering crypto assets related services.
One of the highly sought-after crypto exchange platform Coinbase is on a new move. It is going to welcome an army of new crypto coins on its platform. It cleared the air on Tuesday on its official Blog page. However, trading of the coins will have geographic limitations, as of now.