Paxos, a financial technology company and the first blockchain-powered trust, has just announced that its Paxos Standard Token (PAX) is going to be added as a base currency on the Binance crypto exchange. PAX will have six trading pairs listed on Binance's USDⓈ Markets against: BNB, BTC, ETH, XRP, EOS, and XLM. Digital asset traders…
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iFunded, the digital investing platform, has announced the launch of a real estate tokenization platform named iEstate. It is the first global platform on the market to issue a security token based on real estate debt and will follow up with with an equity-based token. iEstate uses blockchain to enhance the speed and timing of real…
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LXDX, a digital asset exchange focusing on derivatives based on underlying cryptocurrency assets, has just announced that it has opened its platform access. Traders will be able to create accounts and begin Know Your Customer (KYC) processes ahead of launch next month. LXDX will be offering derivative products for speculative and hedge trading on crypto assets…
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Huobi, the Singapore-based cryptocurrency exchange and asset management service provider, has announced that it has been granted a full Distributed Ledger Technology (DLT) license by the Gibraltar Financial Services Commission (GFSC). After completing the application process, Huobi can now store and transmit value belonging to others using blockchain technology. Gibraltar’s Minister for Commerce, The Hon…
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The Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange Group (GSX Group), and a Digital Asset Exchange, has announced that it has been granted a full license as a provider of Distributed Ledger Technology (DLT) from the Gibraltar Financial Services Commission (GFSC) under Gibraltar’s Financial Services Regulations 2018 DLT framework. The granting…
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Since cryptocurrencies' market value fell by some 20% in just under two weeks, there is a new report showing that the massive declines in prices of major alt coins have forced around 35 crypto hedge funds to close. Bitcoin, for example, has lost more than 70% of its value as compared to its December, 2017…
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The very first idea of Bitcoin was to have the community of regular people have their "say" in the financial system, especially after the Financial Crisis of 2008. Satoshi Nakamoto invented the "people's currency", as Bitcoin is often called, to put the financial power in the hands of the regular people. In this line…
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Banco Original, the first Brazilian bank to offer a 100% digital checking account, has informed the public that it has chosen FICO as its strategic partner to launch its digital platform. The financial institution, based in São Paulo, aims to create a safe and simplified origination process to reduce bureaucracy while keeping up safety. To…
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Paxos has just announced that the Paxos Standard token (PAX) is now integrated with BitPay as a settlement option for BitPay merchants. By settling transactions in PAX, merchants and businesses globally can have access to the fastest growing stable cryptocurrency that is backed 1:1 with the U.S. dollar. Paxos Standard is the first token issued…
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iComply Investor Services, a RegTech platform for global digital finance and cryptocurrencies, has announced the launch of a new research paper: The Compliance Trilemma: Challenges for ICOs. The research was conducted by PhD candidates from the University of British Columbia (UBC), who analyzed the challenges that ICO issuers face meeting the regulatory standards for issuing…
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