Takasbank launches blockchain-based gold transfer system LeapRate

January 01, 2020 BY Mariela Naydenova

Takasbank launches blockchain-based gold transfer system

Takasbank (or Turkey’s Istanbul Clearing, Settlement and Custody Bank) has announced that it will be launching a blockchain-based physical gold-backed transfer system. The system is called BIGA Digital Gold and allows P2P gold transfer through blockchain. The transfer is valid for digitizable gold only. According to the announcement what the new system tries to accomplish…

December 31, 2019 BY Valentina Kirilova

EBRD sells its 10% stake in Borsa Istanbul

The European Bank for Reconstruction and Development (EBRD) has announced today that it has sold its 10 per-cent stake in Borsa Istanbul. The EBRD had been a shareholder in Turkey's sole exchange since December 2015. The Turkish Wealth Fund has bought EBRD's 10% stake in Borsa Istanbul, raising its stake in the stock exchange to 90.6%.…

December 31, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Smart Loans UK, Rockwell Investment Management and Parker, Weismann & Associates LLC. According to the regulator, the fraudsters are using or giving out the following details as part of…

December 31, 2019 BY Mariela Naydenova

The Penghua Shenzhen Stocks Blockchain ETF - China's first blockchain ETF

While the US is still pondering on a Bitcoin ETF, China is moving forward in to the future by preparing to launch its first blockchain ETF, it seems. Penghua Fund, a Shenzhen-based asset management company, has recently filed an application for a blockchain ETF, a document that was accepted by CSRC or the China Securities Regulatory Commission…

December 31, 2019 BY Mariela Naydenova

Poloniex Exchange confirms data leak, explains its email on Twitter

Poloniex, the cryptocurrency exchange, has recently initiated a password reset procedure for all of its clients due to a confirmed email address and password "leak" on Twitter. The information comes from Cointelegraph. Yesterday, Poloniex sent an email to its customers to let them know that there is a list of leaked passwords and email addresses…

Stax Inc. teams up with Coleman Research

December 31, 2019 BY Mariela Naydenova

A $69 million tax bill for Bithumb - litigation ahead

Taxes in the cryptocurrency world are not an uncommon issue. In fact, the idea of taxing cryptocurrencies and crypto exchanges has been a long standing issue for many countries around the world. However, one of the largest cryptocurrency exchanges in the world and the largest one in South Korea, Bithumb, got hit with a massive…

December 30, 2019 BY Valentina Kirilova

Tradegate and Börse Berlin announce record turnover in 2019

Tradegate and Berlin stock exchanges have just released their 2019 volumes report. The united exchanges have jointly achieved a record result of 165.6 Billion euros in 2019. All details can be seen in the table below: Number of Trades in 2019 Number of Trades in 2018 Change in % Tradegate 18.0 M 16.4 M +9.8…

December 30, 2019 BY Valentina Kirilova

Huobi Indonesia launches a local fiat gateway

Huobi Indonesia has announced that it has launched a local fiat gateway to enable a direct fiat-to-crypto trading facility between the Indonesian Rupiah (IDR) and Tether (USDT). Indonesian investors will now be able to use the local fiat currency to trade over 250 cryptocurrencies available on Huobi Indonesia's digital asset exchange. Local customers can now…

December 30, 2019 BY Valentina Kirilova

Hong Kong SFC fines FIL Investment Management Ltd HK$3.5m for regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) has announced that it has fined FIL Investment Management (Hong Kong) Limited (FIMHK) HK$3.5 million for regulatory breaches including unlicensed dealing in futures contracts, delay in reporting the breach to the SFC as well as submitting incorrect information during an application. According to the regulator, the company…

December 30, 2019 BY Valentina Kirilova

The Dash Gold Foundation promotes BDSG digital currency era

The Dash Gold Foundation has announced that it will use the gold SKR (Safe Keeping Receipt) to promote BDSG (Beyond Dashgold) digital currency payment business, online shopping mall and gold sales business, and digital currency ATM business. Gold SKR is issued by BankoSentralng Pilipinas, and the beneficiary is the Dash Gold Foundation. BDSG, a digital…