New York Signature Bank in partnership with fintech-company trueDigital Holdings LLC is launching a platform for digital payments in real time, based on blockchain technology. The launch of the platform called Signet became possible after obtaining the appropriate permission from the Financial Services Authority of New York (NYDFS). The new platform will begin work on January 1, 2019 and is primarily aimed at large customers who can, with its help at any time of the day, including weekends and holidays, carry out direct secure transactions without commissions and intermediaries. Sign up for our real-time payments platform in partnership with Signature…
Author: BlockchainJournal
The Swiss Financial Market Supervision Authority (FINMA) has officially announced the introduction of a new Fintech license, amended by the Banking Act. As reported, its implementation means weakening the requirements of the regulator, aimed at the development of innovation and competition in the financial market of the country. In particular, the fintech-license will allow blockchain – and cryptocurrency companies registered and operating in the country – to accept deposits of up to 100 million Swiss francs – if these funds are not intended for reinvestment or interest payments. According to the management of obtaining such a license, together with the…
Ripple and NEM created a new association to represent blockchain companies across Europe. The so-called association “Blockchain for Europe” declares that it is the first and single representative for the industry on this continent. The main goal of the association is to show the true nature and potential of blockchain technologies. The Blockchain for Europe Association is designed to help the European Union develop regulations that will stimulate growth in this sector. Unfortunately, his website is currently down. Dan Morgan, who heads up the Ripple Division for Relationship Management in Europe, commented on the event: Ripple is pleased to…
On December 6, in Moscow, Huobi Russia will hold a closed event in connection with the launch of a cryptocurrency exchange in Russia. The event will begin with a press conference with the official representatives of Huobi Russia. Among the speakers – the head of the Russian branch of Huobi, Andrei Grachev, the head of the department of entrepreneurship at the Russian Economic University named after G.V. Nadezhda Surova Plekhanova and Huobi invited experts. Entrance to the event – by invitation and pre-registration. The exact location of the event will be announced the day before the event only to invited…
Last night, 66 233 BTC were sent from one of the twenty richest Bitcoin addresses, worth just over 257 million US dollars. It is worth noting that this address has not been active since 2014. At the moment, the destination is unknown. This is most likely an over-the-counter address, since such huge amounts can very easily cause serious market unrest. The number of bitcoins that were sent exceeds even the volume of cryptocurrency trading over the past days at Binance – $ 205 mil. and Bitfinex – $ 155 million. Below is a screenshot of this transaction (still unconfirmed): It…
was signed The participating countries of the G20 alliance agreed to introduce cryptocurrency regulations in accordance with the standards of the Financial Action Task Force on Money Laundering (FATF). This is reported by CCN . The agreement was reached during the G20 summit, which took place last week in Buenos Aires. In particular, a final declaration was signed, in which all the leaders of the G20 countries agreed on the reform of the regulatory framework for cryptoactive assets. Thus, according to the document, the regulation of digital currencies will help to create an "open and stable financial system." It also…
The South Korean government is considering the introduction of a tax on income from Bitcoin and other cryptocurrencies, reports Finance Magnates . The country's Minister of Economy and Finance, Hong Nam-Ki, said that a working group consisting of representatives of government departments and private experts was studying the experience of other countries in this direction. The authorities intend to "introduce the correct taxation of virtual currencies," the official added. According to him, this issue is still at an early stage of discussion. Hong Nam-Ki also noted that the government is considering the idea of taxation from ICO-campaigns, but there is…
Large-scale investors, also known as whales, use the current bear market to accumulate a huge amount of Ethereum (ETH). According to a recent report by the Diar research group on the cryptocurrency market, in 2018 more ETHs were accumulated at the whales' addresses than in any other period of time. During the eleven months of this year, almost 10 million ETH were accumulated, as a result, the total cost of the top 500 addresses was about 20 million ETH (about 2.3 billion US dollars) – just under 20% of the total turnover offer. This period of accumulation starts from the…
Canadian payment company Glance has announced that its customers will now be able to use Bitcoin (BTC) as a means of payment for purchases and services. Glance's press release states that the service is called “Pay Bitcoin” (Pay With Bitcoin). However, despite the name, the technology is different from traditional cryptocurrency payment systems. In order to use the service, Glance Pay users must first convert Bitcoins to Glance Dollars cryptocurrency. As explained in the press release : "Glance Dollars represent a loan that can be used at once in all outlets that are part of the Glance Pay ecosystem." The…
As a result of the next recalculation of the complexity of mining Bitcoin, this figure fell by more than 15%, thus undergoing the second largest decline in the entire history of the first cryptocurrency. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new block and, accordingly, to receive an award for it. It is affected, among other things, by the network hashrate, that is, the total computing power of mining equipment involved in the process of cryptocurrency mining. With a decrease in the…