New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank. New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank, technology-focused news outlet Coindesk reported on July 10. Tether and its affiliated companies have reportedly had accounts with Metropolitan Commercial Bank […]
Continue Reading
Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, according to an expert. Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, an expert told the Bangkok Post on […]
Continue Reading
Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%. Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%, the Chartered Institute of Procurement & Supply reported on July 10. To arrange a shipment between Hong […]
Continue Reading
American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors. American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, according to a press release on July 10. Near — […]
Continue Reading
Major cryptocurrency exchange Poloniex announced that it now allows its users to use credit cards and bank accounts on the platform. Major cryptocurrency exchange Poloniex announced that it now allows its customers to use credit cards and bank accounts on the platform in a Medium post published on July 9. Per the release, exchange users […]
Continue Reading
South Korean technology behemoth Samsung announced the release of its blockchain and decentralized application Software Development Kit. South Korean technology behemoth Samsung announced the release of its blockchain and decentralized application (DApp) Software Development Kit (SDK) in a recent post on its website. Per the announcement, the Samsung Blockchain SDK allows for account management and […]
Continue Reading
The world’s fifth top oil and gas firm, Shell, has invested in a blockchain-based energy firm. Shell, the world’s fifth largest oil and gas firm, has invested in a blockchain-based energy startup, Forbes reports on July 10. The European oil and gas giant has invested an undisclosed amount in New York-based LO3, whose Exergy platform […]
Continue Reading
U.S.-based bank The Provident Bank has begun offering deposit services to digital currency-related customers. American community bank The Provident Bank has begun offering deposit services to digital currency-related customers, according to an announcement published on July 9. The Provident Bank now offers deposit and other banking services to cryptocurrency issuers, exchangers and investors. The bank […]
Continue Reading
Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore. Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10. Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. […]
Continue Reading
A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities… While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often […]
Continue Reading