African Cryptocurrency Firms Raise Capital Despite Regulatory Hurdles

African Cryptocurrency Firms Raise Capital Despite Regulatory Hurdles

Advertisement African blockchain and crypto businesses have been raising funding despite regulatory issues in some markets. A new report by Weetracker highlights that most of the capital raises and moves towards ICOs have predominantly been in South Africa, Kenya and Zimbabwe. The report looks at the first quarter 2018 activity across the continent. It also…

Thailand’s Central Bank is Reviewing Several Blockchain Applications Including Cross-Border Payments

Thailand’s Central Bank is Reviewing Several Blockchain Applications Including Cross-Border Payments

Advertisement The march towards the adoption of blockchain technology in Thailand’s mainstream financial sector seems unstoppable. In a speech delivered during the Bloomberg ASEAN Business Summit, the governor of the Bank of Thailand, Dr. Veerathai Santiprabhob, revealed that the central bank was undertaking a review of blockchain applications for purposes of document authentication, supply chain…

Watch Out Bears, Crypto’s Only Getting Started: Coinbase CTO

Watch Out Bears, Crypto’s Only Getting Started: Coinbase CTO

Advertisement Coinbase CTO Balaji Srinivasan ignited a Twitter firestorm yesterday when he tweeted that while 63% of the world’s adults own smartphones, only 8% of those in the U.S. and less than 1% worldwide  own cryptocurrency, indicating there is a potential user base that is 60 times larger than the existing user base. Some agreed…

12/12 Approved: Korea Industry Body’s Inspection of Crypto Exchanges Under Scrutiny

12/12 Approved: Korea Industry Body’s Inspection of Crypto Exchanges Under Scrutiny

Advertisement South Korea’s biggest self-regulatory cryptocurrency industry body, the Korea Blockchain Association (KBA), is under fire for its inspection standards after approving 12 out of 12 crypto exchanges screened in a recent self-regulatory drive. The Korea Blockchain Association (KBA), an industry body that contains nearly two dozen cryptocurrency companies, has concluded an in-house inspection of…

Trump Task Force to Fight Financial Crimes Includes Cryptocurrencies

Trump Task Force to Fight Financial Crimes Includes Cryptocurrencies

Advertisement President Donald Trump has ordered the U.S. Attorney General to develop a Department of Justice task force on market integrity and consumer fraud that would include crimes involving cryptocurrencies. The executive order specifically mentions digital currency as an area to be investigated and, where necessary, prosecuted. The task force replaces the Financial Fraud Enforcement…

Binance is Backing the World’s First Decentralized Bank in Malta

Binance is Backing the World’s First Decentralized Bank in Malta

Advertisement The hype surrounding the little island of Malta where the crypto space is concerned continues to take new turns with the announcement of a token-based bank now on the horizon. One of the main stumbling blocks for the so-called ‘Blockchain Island has been the difficulties encountered by blockchain and crypto companies to gain access…

Robinhood Adds Bitcoin Cash & Litecoin Trading, Will Support Crypto Transfers

Robinhood Adds Bitcoin Cash & Litecoin Trading, Will Support Crypto Transfers

Advertisement Rapidly-expanding fintech unicorn Robinhood has added bitcoin cash and litecoin to the growing stable of cryptocurrencies that users can trade on the popular stock trading app. The commission-free stock trading app on Thursday announced that it had onboarded its five millionth user, marking yet another milestone for the firm which achieved a $5.6 billion…

India May Avoid Cryptocurrency Ban, Classify them as Commodities: Report

India May Avoid Cryptocurrency Ban, Classify them as Commodities: Report

Advertisement Authorities in India are likely to choose against a sweeping cryptocurrency ban and treat them as commodities, a report citing a government official has claimed. Citing a senior government official involved in the ongoing regulatory discussion surrounding cryptocurrencies, Quartz is reporting that India is unlikely to enforce a blanket ban on cryptocurrencies despite the…