Category: Digital Currency

November 14, 2018 BY Mariela Naydenova

The IMF is bullish on the use of cryptocurrencies

The managing director of the International Monetary Fund (IMF), Christine Lagarde, stated at the Singapore Fintech Festival today that the use of cryptocurrencies can help governments around the world establish the much sought-after financial inclusivity, consumer protection and better security, all relieving the growing concerns over privacy issues. Ms. Lagarde pointed out that financial institutions…

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November 08, 2018 BY Mariela Naydenova

The largest cryptocurrency give-away ever

$125 million worth of Stellar lumens will be given away as the largest give-away ever done so far. Stellar is partnering with Blockchain, the world's top digital wallet for Bitcoin, to surprise each Blockchain wallet holders with $25 worth of Stellar Lumens. Blockchain actually does not support a lot of companies, yet Stellar is one…

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Good news for Bitcoin investors: Israel might cut tax on profit by half
November 07, 2018 BY Mariela Naydenova

Where does Israel stand with its stablecoin plans?

In November 2017, the Bank of Israel put up a working group to identify the needs and possible launch of a government-backed digital coin, or a stablecoin. The group examined certain advantages and disadvantages of Israel issuing a stablecoin and concluded that the country should wait until more governments around the world introduce their own…

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Coinduck joins SIRIN LABS to provide a crypto-payment option through the Finney smartphone
November 07, 2018 BY Valentina Kirilova

Coinduck joins SIRIN LABS to provide a crypto-payment option through the Finney smartphone

SIRIN LABS, the creator of the blockchain smartphone, has announced its most recent partnership with Coinduck. Coinduck, an in-house venture created by Chain Partners, is the cryptocurrency payment service provider, enabling Ethereum coins for offline payments at 1,000 stores in Korea since its inception in 2018. For the first time, consumers can pay with ETH…

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November 06, 2018 BY Mariela Naydenova

The Winklevoss-backed Gemini Dollar on Liquid Exchange

The Liquid cryptocurrency exchange will list the Winklevoss-backed Gemini Dollar or GUSD. In September 2018, the Winklevoss brothers introduced the Gemini Dollar (GUSD), a stablecoin pegged to the US dollar and regulated by the US government. US dollars can be converted to GUSD through the twins' platform Gemini exchange, and from there transferred to an…

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November 05, 2018 BY Mariela Naydenova

Coinbase Pro to add the Basic Attention Token (BAT)

The Basic Attention Token or BAT is built on the Ethereum network, aimed at improving the digital advertising industry. According to its website, BAT will be the token for a fully decentralized and efficient blockchain-based digital advertising platform. The goal of introducing BAT in one’s business is to keep the customers’ data private, while delivering…

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November 01, 2018 BY Valentina Kirilova

SFC sets out new regulatory approach for virtual assets

The Hong Kong Securities and Futures Commission (SFC) has issued a statement setting out a new approach which aims to bring virtual asset portfolio managers and distributors of virtual asset funds under its regulatory net. It also sets out a conceptual framework for the potential regulation of virtual asset trading platforms. In light of the…

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