Canadian social media and messaging app Kik has revealed it’s “here to stay,” in an apparent reversal of earlier plans to shut down amid legal difficulties. In an official tweet posted on Oct. 13, the company announced: “Great news: Kik is here to stay!!!!AND there’s some really exciting plans for making the app even better. …
The G7 group of nations has reportedly drafted a report which says that “global stablecoins” pose a threat to the global financial system. According to the BBC on Oct. 13, a draft report from the G7 outlined the various risks associated with digital currencies. It also said that, even if member firms of the governing Libra Association …
Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about …
The story of Brazil’s crypto scams took a new twist over the past week as CEO of an alleged pyramid scheme reportedly fled the country after rejecting court deadlines. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil. Banco Original sponsors a crypto-related event Brazil’s Banco …
Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions continue to exert greater regulatory pressure on their local cryptocurrency industries. Even inter-governmental agencies like the Financial Action Task Force …
Boston Security Token Exchange (BSTX), a platform jointly owned by BOX Digital Markets and Overstock’s blockchain arm tZERO, has filed an application with the United States Securities and Exchange Commission (SEC) to approve the launch of a market for publicly traded registered security tokens. In the rule change proposal released by the SEC on Oct. …
The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platform On Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People’s Republic of China, announced the …
Finco Services of Delaware has initiated a lawsuit against Facebook in a New York court, Oct.10, over the swirly tilde logo Facebook uses for its Libra token. The plaintiff is also suing its former designer, who did the logo work for Facebook, for reusing the design. Looking for a logo Finco Services alleges trademark infringement, …
After several months of difficulty, many altcoins such as Ether (ETH), Chainlink (LINK) and Binance Coin (BNB) finally show signs of life on the charts providing hope for a new bull-run. As 2019 nears its end, Bitcoin price (BTC) looks back on an overall positive year. Crypto’s largest asset rose from $3,330 to $13,880 in …
Australia’s largest precious metal refinery, the Perth Mint, and InfiGold, a fintech startup focused on precious metals digitization, have jointly launched a gold-backed digital token. The new ERC-20 token is dubbed Perth Mint Gold Token (PMGT) and pegged 1:1 with GoldPass certificates issued by the Perth Mint, according to a press release shared with Cointelegraph …