The deal to sell the largest South Korean exchange Bithumb runs the risk of falling apart a year after its conclusion, reports Korea Herald, citing its own sources. An agreement on the sale of a controlling stake in Bithumb was concluded between BTC Korea Holdings, the exchange operator, and the Singapore consortium BK Global in October 2018. According to its terms, BTC Korea Holdings, which owns […]
Finance
With the acquisition of the Logos Network platform, Ripple intends to develop a range of decentralized finance (DeFi) products, according to CoinDesk. Previously, the Logos team worked on payment solutions based on the Bitcoin blockchain, focusing on issues of scalability and network performance. With the acquisition of the new platform, Ripple hopes to create derivatives, landing solutions, futures and forwards using the XRP token. “We invested in […]
Users of the Satowallet cryptocurrency wallet accused its developers of an exit scam and embezzlement of $ 1 million. CEO SEO Samuel Benedict claims that the provider is to blame for the loss of user funds, Finance Magnates reports. In addition to the wallet, Satowallet provides cryptocurrency exchange services, and its services support more than 60 different cryptocurrencies, including Bitcoin, Litecoin, Bitcoin Cash and Ethereum. Satowallet is registered in Dubai, however […]
The leading US financial institution, Bank of America, has joined the Marco Polo blockchain consortium, which aims to increase the efficiency of international trade using distributed ledger technology. This is stated in a message on the organization’s website. Founded by startup R3 and fintech company TradeIX, the Marco Polo consortium offers its members a solution based on the C3 blockchain platform from R3. Its main functions […]
The German government has adopted a blockchain regulation strategy that prohibits the issuance of any parallel digital currencies in the country, including Facebook's Libra. It is reported by Reuters. According to the adopted strategy, the cabinet of Angela Merkel considers it necessary to accelerate the digital transformation of the German economy and the development of blockchain technology as a structural element of the future Internet. At the same time, the policy of the authorities should protect the economy from the risks associated with […]
La plataforma comercial más grande del mundo, Binance, realizó una inversión estratégica en la startup de blockchain Mars Finance, que comenzó a operar en 2018 y está detrás de la…
Calibra CEO David Marcus said Libra does not threaten the monetary sovereignty of states, as it is about the payment system, not about creating new money. The latter remains strictly the prerogative of central banks, he assured. “Libra is designed to become the best payment network and system working on top of existing currencies and providing tangible value to consumers around the world,” wrote […]
Coinme, a U.S.-based cryptocurrency ATM provider, raised $ 1.5 million. We are thrilled to announce our that @ Ripple's #Xpring and the newly established #Blockchain Finance Fund have made investments as part of our recently opened A-1 funding round. Full Release: https://t.co/yjNH4JiQpR pic.twitter.com/qCkrgICUjg – Coinme (@CoinmeATM) September 13, 2019 In the financing round of Series A-1 participated an investment […]
The German parliament and the federal government will block the development of the digital currency Libra and other "private stablecoins" in Germany, Spiegel reports with reference to parliamentarian Thomas Heilmann. #Facebook und die Schweizer # Libra-Stiftung wollen ihre eigene Kryptowährung auf den Markt bringen. Nun stemmt sich die Bundesregierung dagegen. https://t.co/yJx3eSJveq – SPIEGEL ONLINE (@SPIEGELONLINE) September 13, 2019 Large Coalition of CDU / CSU […]
French Finance Minister Bruno Le Mayor proposed creating an EU digital currency. He stated this at an informal meeting of EU ministers of economy and finance in Helsinki, TASS reports. According to Le Mer, European countries should explore the best ways to reduce the cost of international transactions and increase their speed both within the EU and beyond. “I introduced […]