The crypto loans industry is a relatively new sector, and yet many platforms have already established themselves. It may seem surprising, but platforms designed for loans and lending through the use of cryptocurrencies are a relatively new development for the crypto industry. Each platform adheres to its own strategy, but the idea shared by all…
Read more
“It’s obvious that nation-states can’t handle all our identities for all our lives.” Upstart crypto company Saga wants to issue a new global currency on the blockchain. Just don’t call it a stablecoin. Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary…
Read more
DXM, subsidiary of UpBit stakeholder Dunamu, works with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. DXM, a financial services subsidiary of South Korean fintech firm Dunamu, has worked with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. The partnership and the new custodian Industry news outlet…
Read more
Cointelegraph is delighted to announce the launch of Cointelegraph China, headquartered in Guangzhou. To support our international expansion and global reach, Cointelegraph is delighted to announce the launch of the Chinese-language version of the publication. Today, Dec. 4, we celebrated the opening of the office of Cointelegraph China (Cointelegraph 中文). The news — which marks…
Read more
Decentralized exchange protocol AirSwap announced that it is running a bug bounty program with rewards up to $20,000 in DAI. Ethereum (ETH) decentralized exchange protocol AirSwap announced that it is running a bug bounty program with rewards up to 20,000 DAI (worth $20,000). It begins now and continues indefinitely. On Dec. 4, the AirSwap team…
Read more
A marketing manager at decentralized payment solution Dash announced that the Dash Explorer will be updated to Insight on January 7th, 2020. Michael Seitz, marketing manager at decentralized payment solution Dash, announced that the Dash Explorer will be updated to Insight on January 7th, 2020. In a Dec. 4 blog post, Seitz explained that Dash…
Read more
Eight former core developers from Morgan Stanley announced the launch of the Singapore-based Phemex, a new cryptocurrency derivatives trading platform. Eight former core developers from financial services company Morgan Stanley have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore. In a press release shared with Cointelegraph on Dec. 4, the former Morgan Stanley…
Read more
Crypto mining is “purely technological progress,” a legislative analyst at a blockchain association in Kazakhstan says. Kazakhstan’s lawmakers won’t be taxing cryptocurrency mining until the mined crypto is exchanged for fiat money. According to a legislative analyst at a local blockchain association, cryptocurrency mining will not be treated as entrepreneurial activity but rather a “purely…
Read more
Bank of Japan Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency in the country. Bank of Japan (BOJ) Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country. During his speech at the symposium for the 35th…
Read more
A statement from MUFG contradicts earlier press reports, which claimed that it would launch a digital currency in 2020 following a recent partnership. MUFG Bank, the largest bank in Japan and the world’s fifth-largest bank, has denied reports that it plans to launch a digital currency in Japan next year. In a statement on Dec.…
Read more
