LocalBitcoin Loses Traders After Cash Trading Ban: ‘Not Very Local’

Peer-to-peer bitcoin trading platform LocalBitcoins removes in-person cash deals — what does that mean for the future of cash trades? On June 1, Finnish peer-to-peer (p2p) bitcoin (BTC) trading platform LocalBitcoins quietly removed in-person cash trading from its service. Three days later, the company publicly confirmed the ban on Twitter. As per the accompanying statement, […]

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Galaxy Digital Fund Leads Funding Round for Blockchain-Based Game Platform

A Galaxy Digital fund led a $1.8 million seed funding round for a blockchain-based gaming rewards program, which uses blockchain-based quizzes to engage players. A fund of cryptocurrency investment bank Galaxy Digital led a $1.8 million seed funding round for Azure’s blockchain-based gaming rewards platform, VentureBeat reports on June 5. Smart Challenge, Azure’s gaming rewards platform, […]

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Rakuten Partners With Japan’s Biggest Railway Firm to Promote Cashless Payments

Japanese e-commerce giant Rakuten has partnered with Japan’s biggest railway firm to promote cashless payments. Japanese e-commerce giant Rakuten has partnered with Japan’s biggest railway firm, the East Japan Railway Company (JR East), to promote cashless payments. The news was reported by Cointelegraph Japan on June 5. The partnership will enable commuters to charge and […]

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Apple to Unveil ‘CryptoKit’ Cryptographic Developer Package at Upcoming Conference

The tech giant is eyeing making its apps more cryptographically secure at the behest of developers. Apple will target cryptographic developer tools at this year’s Worldwide Developers Conference (WWDC) 2019, the company revealed in the event program for June 5. During a session scheduled for Wednesday at the ongoing event, titled “Cryptography and your Apps,” […]

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OKEx Says Crypto Is the Future of Money for Consumers in Unstable Economies

sponsored A crypto exchange offers conversions from seven fiat currencies to reach a global audience. One of the world’s biggest crypto exchanges by trading volume believes digital currencies can provide financial freedom to consumers in countries where instability and inflation are making fiat payments impractical. In the world of digital technology dominance, traditional global financial […]

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Brazilian Banks to Implement New HyperLedger-Powered Digital ID Platform

Brazilian banks will be implementing a new standardized blockchain identity solution powered by Hyperledger Fabric. Brazilian banks will be implementing a new standardized blockchain identity solution powered by the Hyperledger Fabric-platform, Cointelegraph Brazil reported on June 2. The identity solution — co-developed by IBM and the country’s central bank, CIP — is reportedly to be […]

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