Luxury goods manufacturers turn to blockchain. Although once confined largely to agriculture, blockchain technology is now making major inroads into the luxury goods supply chain market. Thus, Consensys recently announced a new platform with French multinational luxury goods conglomerate LMVH and the technology behemoth Microsoft to verify the authenticity of luxury goods. Luxury brands trial […]
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The Egyptian government is ready to overcome years of uncertainty on crypto, with new laws reportedly coming by the end of 2019. In the end of May 2019, the Central Bank of Egypt (CBE) announced that it is working on a draft law for crypto-related activities. When introduced, it will oblige financial institutions in the country […]
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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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While Japan’s new laws are welcoming for most crypto exchanges, as they expect more institutional investors, custodians and wallet makers are getting worried. On May 31, the Japanese House of Representatives amended two cryptocurrency-related laws, the Payment Services Act and the Financial Instruments and Exchange Act, which will come into effect in April 2020. Most […]
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According to Kodak, its blockchain document management platform can help organizations achieve cost savings of up to 40%. Kodak Services for Business unveiled a blockchain-based document management platform during a two-day conference in New York, according to a news release published on June 5. The company says the technology enables businesses and governments to better […]
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Bleakley Advisory Group’s Peter Boockvar says now is the time to monitor bitcoin, but buy gold and silver. Bitcoin (BTC) could inform investors worried about the United States–China trade war, an executive from financial planning and wealth advisory firm Bleakley Advisory Group told CNBC in an interview on June 4. On the back of stock […]
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Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta. Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta, according to a blog post published on June 4. OKCoin has launched its services to non-United States customers, who can now deposit and […]
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Why Kik believes it has a case against the SEC in proving that “kin” isn’t a security. It’s difficult to fight progress. Although, if you’re the United States Securities and Exchange Commission (SEC), you can at least try, which could explain why the agency has so far refrained from producing clear and favorable cryptocurrency regulation. […]
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Securities services provider ABN AMRO Clearing will provide European mobile investment platform BUX with blockchain solutions. Global securities services provider ABN AMRO Clearing has signed a contract to provide European mobile investment platform BUX with blockchain technology for a forthcoming commission-free stock trading mobile app. The news was revealed in a BUX news release on […]
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A new draft banking law will make it mandatory to obtain licenses in advance of operating platforms for issuing or trading crypto. A new banking law drafted for the Central Bank of Egypt (CBE) would make it mandatory to obtain licenses in advance of creating, advertising or operating platforms for issuing or trading cryptocurrencies. The […]
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