Probably following the footsteps of the RBI, now Central Bank of Laos Prohibits Cryptocurrencies and related activities. Of course, the blockade is on sales purchase and trading of digital money. Prior to this, the bank has already put an active ban on financial firms from doing any kind of business regarding crypto. The primary concern […]
Taking one step further towards its secret stablecoin project, Facebook opens a new fintech firm. The social media giant’s new firm goes by the name Libra Networks. It’s similar to the trademark name which Facebook acquired last week. The information comes from a company registration filing on the Geneva Commercial Register. As per the registration […]
Samsung has launched Galaxy S10 smartphone, featuring cryptocurrency storage to house private cryptocurrency keys. Currently, the phone has been announced in Seoul, San Francisco, and London. According to the company, Galaxy S10 comes with Samsung Knox function that will provide a hardware-backed secure storage for the private keys. The feature is expected to enable the smartphone users experience streamlined blockchain-enabled mobile services.
The hype of blockchain technology came into existence with the launch of Bitcoin in 2007. Since then, although cryptocurrencies have gone through several ups and downs, the blockchain craze has been steadily increasing. However, taking a closer look, you’ll realize that the real hype is all about the distributed ledger property of blockchain that makes it immutable and hack-proof. These systems use high-level encryption for data transfers, yet the question that arises is: Is blockchain really hack-proof?
Kotak Mahindra Bank, a private bank in India, has issued a ‘Termination of account’ letter to a user who was dealing with cryptocurrencies. The bank has taken this step in compliance with the circular issued by the Reserve Bank of India that directs financial institutions in the country to end business with customers who deal with cryptocurrency transactions.
Cripto Conserje, a Latin American blockchain firm, has partnered with Horizen to introduce ZEN cryptocurrency to refugees and educate them about it. Under the partnership, the companies are striving to provide the affected communities with ZEN paper wallets and educating them on how to have secure access to their money irrespective of their location.
Oásis Supermercados, a supermarket chain in Brazil, has announced that it is accepting payments in cryptocurrencies such as bitcoin core, bitcoin cash, and litecoin. The supermarket uses Coinwise payments processor for processing of the payments. The processor accepts digital coins from buyers and converts them into the fiat equivalent. It then sends the Brazilian reals to the supermarket within three days.
Western Union Global Money Transfer has partnered with Ripple to test if blockchain could enhance the money transfer process. The firm is also exploring the utilization of blockchain in sending payments. It is looking forward to exploring the DLT technology’s potential to speed up money transfers and reduce the associated costs.
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.
Swiss bank Gazprombank has partnered with crypto firms Avaloq Metaco to offer crypto services to clients. The bank will implement their integrated crypto asset solution to manage client portfolios and ease crypto assets transactions. This will allow consumers to buy, sell and transfer cryptocurrencies without requiring any crypto-wallet or private key management.