The financial capital of the world can afford to be picky — but does it stifle fintech innovation? Recently the New York Department of Financial Services (NYDFS) grant statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of […]
Continue Reading
The biggest telecom operator in South Korea says it wants to offer blockchain-based services for interested businesses. South Korea’s largest telephone company, KT Corporation, plans to launch a blockchain-as-a-service (BaaS) platform next month, local news outlet iNews24 reported on Feb. 21. KT reportedly revealed the concept to interested business clients at a presentation this week. […]
Continue Reading
One of the world’s largest telephone operators, Telefónica, has launched a call to support startups related to blockchain and AI. Spain’s largest multinational telecommunications company, Telefónica, has announced an initiative to support entrepreneurs in innovative technologies, such as blockchain and artificial intelligence (AI), according to an official press release published on Feb. 19. The Madrid-based […]
Continue Reading
The government of Seoul plans to spend $1 billion to support blockchain and fintech startups via an investment fund. The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18. According to the release, the South Korean […]
Continue Reading
China’s most populated province is set to issue general-purpose electronic invoices for consumers based on blockchain technology. The Guangdong Municipal Taxation Bureau will implement an electronic invoice platform based on blockchain for the e-commerce industry, local Chinese news outlet Southern News Network reported on Feb. 18. Guangdong Province, one the most populated region in China, […]
Continue Reading
A blockchain-enabled waste permit portal will be launched in Sharjah, United Arab Emirates. A blockchain-enabled waste permit portal will be launched in Sharjah, the United Arab Emirates (UAE), the country’s official news agency, Emirates News Agency (WAM), reported on Feb. 17. The blockchain-based waste permit portal will be jointly developed by environmental, recycling and waste […]
Continue Reading
Indian law enforcement busted a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees ($14 million). Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on […]
Continue Reading
Fundstrat Global Advisors thinks that crypto prices can see higher price points, and JPMorgan plans to launch its own coin. Top Stories This Week Fundstrat Global Advisors Expects 2019 to Bring More Institutional Investors to Crypto According to a report on the 2019 crypto outlook released by New York-based research company Fundstrat Global Advisors, incremental […]
Continue Reading
The top 20 cryptocurrencies are reporting minor losses, as Bitcoin falls under the $3,650 mark. Sunday, Feb. 17 — most of the top 20 cryptocurrencies are reporting minor losses on the day by press time. Bitcoin (BTC) has fallen under the $3,650 mark again, according to Coin360 data. Market visualization from Coin360 At press time, […]
Continue Reading
Virtually all of the top 20 coins by market cap are seeing fluctuations of within 2 percent in both directions on the day. Saturday, Feb. 16: Cryptocurrencies are seeing mild price action, with virtually all of the top 20 coins by market cap seeing fluctuations of within 2 percent in both directions on the day, […]
Continue Reading