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OCBC Joins JP Morgan’s Blockchain Consortium

Overseas Chinese Banking Corporation (OCBC) has joined JP Morgan’s Interbank Information Network (IIN) as the first Singaporean bank in the consortium. Business Times reported that OCBC joins a long list of 112 APAC banks that have joined this network, September… Continue Reading →

The Ripple Legal Battle: Is XRP a Security Token or Not?

According to news published by Fortune, September 20, Ripple, the company behind the cryptocurrency XRP asked a federal court to dismiss the class action that would claim XRP as security. Security or not Security? As informed by BTCManager in August… Continue Reading →

IMF Contemplates the Risks and Rewards of Stablecoins

The International Monetary Fund (IMF) published a new staff paper on September 19, saying stablecoins can cause significant disruptions to the current global payments framework. However, the organization also admits that this type of cryptocurrencies can contribute to improving financial… Continue Reading →

Coinbase to List Telegram (GRM), Polkadot (DOT) and 15 Fresh Cryptocurrencies

Coinbase, a leading U.S-based crypto exchange has announced plans to add support for 17 new cryptocurrencies on a jurisdiction-to-jurisdiction basis. The digital assets include Telegram’s Gram token, Polkadot, Dfinity, Filecoin, and several others. This according to a blog post on… Continue Reading →

Patrick Byrne Liquidates Overstock Stake for Gold, Silver and Cryptocurrency

Ex-Overstock CEO, Patrick Byrne, has liquidated his $90 million stake in the company in order to fund investments in bullion and cryptocurrency. According to Bloomberg, Byrne did this to “battle the deep state” that he reportedly helped in an investigation… Continue Reading →

Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services

According to a report published by swissinfo.ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank… Continue Reading →

Bitcoin’s Hash Rate Has Grown 61% in the Last Month, Breaks Above 100 EH/s

Hash power on the Bitcoin network has been soaring since May of this year. In the last month alone, Bitcoin has gone from a hash rate of 63.79 million EH/s to 102.85 EH/s. This massive increase directly signals major interest… Continue Reading →

Bank of America Joins Marco Polo Blockchain Network

According to a press release published on September 19, 2019, U.S. financial institution Bank of America is joining Marco Polo, a network that aims at enhancing international trade affairs thanks to the blockchain technology. Bank of America Joins the DLT… Continue Reading →

Abra Takes Bitcoin Adoption to 6,000 Retail Outlets in the Philippines

Bitcoin wallet provider and investment platform Abra says people can now buy cryptocurrencies at any 7-Eleven outlet in the Philippines. The news is the latest development in efforts to make cryptocurrencies more easily accessible to users in markets across the… Continue Reading →

North Korea Developing own Cryptocurrency to Circumvent U.S. Sanctions 

North Korea is hatching plans to develop its own cryptocurrency. Though the project is in its early stages, the digital currency is being designed to function like bitcoin and other cryptocurrencies and would enable the nation to circumvent crippling international… Continue Reading →

Egretia Educational Series 4:  What Is the Utility of EGT?

Welcome to the educational series of Egretia. Here we discuss all the different components of the Egretia ecosystem. EGT: A Multi-Utility Token To succeed inside the crypto space, the token of a blockchain ecosystem needs to have a utility in… Continue Reading →

U.S. SEC Hammer Down Crowdfunding Platform ICOBox 

ICOBox, an initial coin offering project (ICO) that raised a whopping $14.6 million from the sale of its native altcoin in 2017, has been dragged to court by the United States Securities and Exchange Commission (SEC) for selling unregistered securities… Continue Reading →

UAE Initiates Blockchain Strategy, Launches Distributed Database of Medical Professionals

As part of the Emirates Blockchain Strategy 2021, the UAE has announced a blockchain-based database for information assessment of medical professionals, including doctors, pharmacists, and technicians. Arabian Gazette reports that this is to help create a database of all the medical… Continue Reading →

Facebook Met U.K. Regulators Months Before Libra Announcement

Facebook has endured several setbacks in launching Libra as governments are finding it difficult to allow it to run without robust AML practices. Reuters revealed that Facebook has multiple meetings with the finance ministry and various regulators in the U.K (FCA, BoE),… Continue Reading →

Bitcoin and Ether Market Update: September 19, 2019

Total crypto market cap lost $3.3 billion of its value since Monday, September 16 and now stands at $262.6 billion. Top ten coins are all in red for the last 24 hours with EOS (EOS) and Binance Coin (BNB) being… Continue Reading →

IBM and UBS Partner with German Car Producer to Develop Blockchain-Based Payment Solutions

According to a press release dated September 18, 2019, published by AutomotiveIT, ZF Friedrichshafen is partnering with IBM and UBS to build a blockchain-based payment platform for the automotive industry. A New Cashless Solution for the Automotive Industry Global giants… Continue Reading →

Cryptocurrency Exchange Binance and Matrixport Invest in Chinese Media Firm

Crypto exchange Titan, Binance, and Jihan Wu’s Matrixport have joined in on a $200 million Series B round for Mars Finance: a Chinese media firm that aims to bring more clarity and information to the space. According to Bloomberg, Mars… Continue Reading →

Billionaire Novogratz: Ten Percent of my Wealth in Crypto-assets like Bitcoin and Ether

Despite the Winklevoss bitcoin ETF’s disapproval, could an investment drive by one billionaire ignite a larger movement of money into cryptocurrrency. Michael Novogratz, estimated to be worth billions, stated at a Harvard Business School Club of New York forum on… Continue Reading →

German Blockchain Strategy Crushes Private Stablecoin Projects

In a bid to make it impossible for private firms to create their own cryptocurrencies, the German government has implemented a comprehensive blockchain strategy to thwart the efforts of tech giants like Facebook and others. The approach is aimed at… Continue Reading →

Survey: Nearly a Quarter of Brits Believe Cryptocurrency is the Future of Money

Cryptocurrency remains a curious subject for a majority of Britons as shown in a recent survey report released by ING — a Dutch-based banking group. Elsewhere in Europe, the survey reveals a significant crypto apathy as most respondents chose cash… Continue Reading →

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