Cryptocurrency exchange Poloniex has decided to suspend activity for New Hampshire customers on account of the state’s cryptocurrency regulations, according to a notice posted on the exchange’s website. New Hampshire customers will be instructed by email on how to suspend their accounts. They will have until October 6 to open and close orders and withdraw […]
As the U.K.’s Financial Conduct Authority accepts 24 applicants to take part in its FinTech sandbox, a House bill in the U.S. has been introduced aiming to prevent financial businesses from moving to the U.K. At the British Bankers’ Association conference, Christopher Woolard, director of strategy and competition at the FCA, gave a two-year progress […]
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Big financial institutions are investing huge sums of money in blockchain technology, recognizing the improvement it can bring to their operations. But what about the many companies that don’t have access to the capital and human resources these big institutions have? Many companies don’t have IT staff with blockchain development skills. To make sure that no one […]
Enterprise blockchain-as-a-service provider BlockApps announced in a press release that it has raised Pre-Series-A Venture Funding and will expand into China. The move is to enable Chinese companies to create Ethereum blockchain-based solutions in collaboration with Alibaba Cloud Computing and Microsoft Azure China operated by 21Vianet, Tencent, and WanCloud. BlockApps has created a development platform that allows […]
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The deputy general director of Russia’s Federal Financial Monitoring Service has reportedly stated that cryptocurrencies -like bitcoin- threatens the Russian economy and could lead to its destruction. Paul Livadniy, the deputy director at the Federal Financial Monitoring Service of the Russian Federation, aka Rosfinmonitrong, has warned that the cryptocurrency industry represents a threat to the […]
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Bitcoin price has held support and advanced on $600 and 4,000 CNY earlier today. However, the bear is not yet out of the woods. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now. Bitcoin Price Analysis Time of analysis: 12h00 UTC Friday Bitstamp 1-Hour […]
With the launch of the “Global Payments Steering Group”, blockchain startup Ripple has revealed details of a new interbank group that will create the first “rules-based blockchain payments network” for global money transfers. In an announcement today, blockchain and Fintech startup Ripple has revealed that banks are getting closer toward uniform policies and governance […]
A study by the Massachusetts Institute of Technology (MIT) has found that, contrary to popular belief, bitcoin is not the payment of choice for students. In 2014, two MIT students, Jeremy Rubin and Dan Elitzer, raised $500,000 and started the MIT Bitcoin Project. For every undergraduate student that signed up to the project they were […]
GFT, an IT and software services firm that caters to the financial services sector will join the Google Cloud Platform’s partner program, enabling it to simulate and deploy blockchain test infrastructure for banks on the platform. GFT, a software and IT provider for major banking corporations and financial services institutions will be utilizing Google’s […]
The Wall Street Blockchain Alliance Certification Framework (WCF) has announced it will use distributed ledger technology to authenticate certificate issuance and tamper-proof content for its fall/winter courses. The use of distributed ledger technology is consistent with the alliance’s goal of promoting the adoption of distributed ledger technology across financial markets. A Blockchain Brain Trust The […]