Abra CEO Bill Barhydt has outlined why he thinks consumer cross-border payments and remittance services are a struggle for crypto firms. Bill Barhydt, CEO of crypto wallet provider and payment startup Abra, believes that consumer cross-border payments and remittance services at scale continue to be a struggle for many crypto firms. Barhydt made his remarks […]
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Cryptocurrency lending company Genesis Capital processed $1.114 million in borrows and lends last year. Cryptocurrency lending company Genesis Capital processed $1.114 million in borrows and lends last year, according to the recently released Digital Asset Lending Snapshot for Q4 2018. At the end of Q3 2018, the company published its first Digital Asset Lending Snapshot, […]
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The Monetary Authority of Singapore warned public against a scam that claims crypto is officially adopted in the country. The Monetary Authority of Singapore (MAS) has warned the public against an alleged scam claiming that a cryptocurrency is officially adopted by the government, according to an official statement on Jan. 29. MAS, which is both […]
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Bahamian tech company PO8 wants to boost the local economy by putting the data of excavated sunken artifacts on blockchain. Bahamian tech company PO8 has developed a project that aims to register data of excavated sunken artifacts on blockchain, according to a press release published on Jan. 29. PO8’s project addresses blockchain as a unique […]
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Major Japanese messaging app LINE partners with local financial giant Nomura Holdings to create a financial alliance focused on blockchain. Major Japanese messaging app LINE has signed a memorandum of understanding with local financial giant Nomura Holdings to form a blockchain alliance, a press release reveals on Wednesday, Jan. 30. Nomura, which provides investment, financing […]
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The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — has appealed to its supporters to send it funds using Bitcoin (BTC). The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — has appealed to its supporters to send […]
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Japan finance giant SBI Holdings and enterprise software firm R3 have established a joint venture for business expansion in Asia. Japanese financial services company SBI Holdings has officially announced a joint agreement with the United States blockchain consortium R3 to work in Japan, according to a press release published on Jan. 29. Back in December, […]
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Iran is reportedly in negotiations with eight countries to use cryptocurrencies for international transactions. Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports on Monday, Jan. 28. According to the article, Iran has already entered negotiations with Switzerland, South Africa, France, the United Kingdom, […]
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The Ministry of Education and Science of Russia has introduced a blockchain-based platform for tracking natural diamonds. Russia’s Ministry of Education and Science (Minobrnauki) has introduced a blockchain-enabled platform for tracking natural diamonds, government-backed news agency TASS reports today, Jan. 30. The new Russian diamond tracking technology claims to fully guarantee the authenticity of diamond […]
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About $1.7 billion in cryptocurrency was obtained via illicit means in 2018, according to a newly published report. About $1.7 billion in cryptocurrency had been obtained via illicit means in 2018, according to research published by crypto analytics company CipherTrace on Jan. 29. Of that $1.7 billion, over $950 million was stolen from crypto exchanges, […]
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