Bank of Lithuania has selected IBM and IT services firm Tieto as the finalists for its blockchain platform dubbed LBChain. Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform. Financial technology news outlet FintechFutures reported on the contest’s developments […]
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In an open letter to other investors, Sonic Zhang says Bankorus’ co-founder has revealed that the firm is all but bankrupt. The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for […]
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Consumers will be able to buy Bitcoin coupons at Lithuanian convenience stores Narvesen and Lithuanian Press kiosks. Lithuanian convenience stores Narvesen and Lithuanian Press kiosks are going to start selling Bitcoin (BTC), local news outlet Delfi reported on Sept. 17. Bitcoin in Lithuanian stores According to the report, the shops will start selling coupons that can be exchanged for […]
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Marubeni Corp., a major Japanese general trading company, is backing Lithuania-based blockchain energy project WePower. Marubeni Corp., a major Japanese sōgō shōsha, or general trading company, is now backing a blockchain-based power trading platform. Per a report by Reuters on July 23, Marubeni has issued a loan to Lithuania-based blockchain project WePower. Per Reuters, the […]
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The concept of CBDCs has been steadily drawing the attention of jurisdictions worldwide. This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already […]
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Major fiat-crypto trading platform OKCoin has partnered with fintech firm Simplex to enable global users to make USD deposits via debit or credit card. Major fiat-crypto trading platform OKCoin has partnered with fintech firm Simplex to enable global users to make USD deposits via debit or credit card. The news was announced in a press […]
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The Baltic nation’s finance ministry will prepare new rules in line with EU directives on anti-money laundering. Lithuania is preparing new rules to govern cryptocurrency transactions, requiring businesses to prove the identity of clients, local daily news outlet Delfi reported on June 12. As part of its obligations to impose European Union anti-money laundering (AML) […]
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Kik has launched a Defend Crypto campaign, while Facebook’s crypto coin could face some demographic challenges. Coming every week, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph […]
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An ECB official, Vitas Vasiliauskas, highlighted the benefits of central bank digital currencies but stressed caution in a recent speech. A European Central Bank (ECB) official highlighted the benefits of central bank digital currencies (CBDC) while stressing caution in a speech published by the Bank of International Settlements on May 27. Vitas Vasiliauskas — Chairman […]
Continue ReadingSingapore-based exchange KuCoin partners with payment processor Simplex to allow users to purchase crypto with credit cards. Singapore-based crypto exchange KuCoin has partnered with Israel-based payment processing company Simplex to let its users purchase crypto via credit card, an official announcement revealed on March 27. The exchange has already added the service to its assets […]
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