The Financial Services Agency (FSA), Japan’s regulatory watchdog, will either give the green light to seven new crypto exchanges to commence operations in the country in the next two months or delay the licenses for a subset of the group. The FSA had instituted new procedures relating to exchange license applications in 2018 to accommodate…
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The U.S. tech giant Google has had an ongoing “Love-Hate-Relationship” with the cryptocurrency industry for the past year. It first banned crypto-related ads on Google Adwords back in March of 2018, citing a need to protect its customers from fraudulent offerings. It then reversed itself in late September by modifying the ban, effective in October,…
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Ford is going to implement blockchain to keep record of cobalt suppliers in the Democratic Republic of Congo, as reported by Telegraph. Cobalt is the major metal used for the construction of batteries for electric vehicles. The proper quantity of metal supplied will be traced by a blockchain pilot program, launched by Ford, LG Chem,…
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One of the top cryptocurrency exchanges in the world, Bittrex, has recently rolled out an OTC trading desk with 200 cryptocurrencies. This means that the execution of block transactions will be possible for various fiat/crypto pairs. The cryptocurrencies that will be supported with the new service are all offered by Bittrex. According to the exchange,…
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Government officials for developed countries have had major problems when having to adjust to the reality of cryptocurrencies in the past few years. Countries with developing economies, however, tend to be more fragile, sensitive to change, and have overreacted on many occasions. China has banned cryptocurrencies. India has what amounts to a “quasi-ban” since its…
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Crypto mining is not a low cost endeavor. A major capital investment in computers is “Step One”, but then the power necessary to complete the task is exorbitant by today’s standards. Utility commissions across the globe are presently wrestling with this issue, until a more efficient mining process is developed. In the meantime, news headlines…
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Blockchain company R3 is announcing the launch of an open blockchain network to link participants in Corda (called Corda Network), to be run by a new non-profit independent of R3. Corda Network facilitates full interoperability between applications and businesses on Corda. This allows data used on one application to be shared onto another, supporting the…
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The IronX Exchange has just announced that it has raised more than $26 million via its IRX token sale as of today. IRX is an ERC-20 utility token backing the usage of the exchange. Leaprate reminds that the crypto exchange was launched back in August 2018 as a joint venture between global online broker IronFX Group…
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LeapRate Exclusive... Blockchain investment fund NEO Global Capital (NGC) has teamed up with the Samsung-backed startup partner AERGO one month ago. Roger Lim, Founding Partner at NGC, joins us today to discuss what the future may look like for the world of crypto and blockchain. LR: Where the industry stands a year on from Bitcoin’s…
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When it comes to fulfilling their responsibilities related to the new world of virtual assets, regulators across the world are caught between a rock and a hard place. Protecting consumers from fraud can be exceedingly difficult when current regulations on the books cannot be easily applied to the crypto ecosphere. The European Securities and Markets…
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