According to CEO Adam Traidman, SBI Ripple Asia is conducting trial and pilot projects in Asia for Ripple’s On-Demand Liquidity. Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor. In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple…
Read more
The Italian Banking Association announced it would be ready to start work on a European central bank digital currency. The Italian Banking Association (ABI) has revealed it would be willing to support the implementation of a digital currency from the European Central Bank. According to a June 28 update on the ABI website, the association…
Read more
New research from Xangle suggests Japan’s Financial Services Agency is more likely to approve crypto projects not involved in casino Dapps. Regulators in Japan may be more inclined to approve new virtual currencies for trading if they have greater financial transparency and aren’t involved in gambling Dapps. According to a new report from Xangle Research…
Read more
Retailers including CVS Pharmacy, Rite Aid, and 7-Eleven now allow LibertyX mobile app users to purchase up to $500 in Bitcoin with cash. LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States. In a June…
Read more
Compound’s controversial COMP reward scheme triggered a gold rush of yield arbitrage, sending its assets under management and price to new heights. A user reward scheme to distribute the new Compound governance token (COMP) has resulted in a dramatic rise of the value locked in the decentralized finance protocol as traders sought to “farm” the…
Read more
The New York-based cryptocurrency exchange announced it had raised $6 million in a seed funding round led by a former board member of Skype. Cryptocurrency exchange CrossTower announced on June 22 it had raised $6 million in a new seed funding round led by Gerard Lopez, a former board member of WIX and Skype. According…
Read more
Investor Jim Rogers thinks Bitcoin is still in a bubble and the cryptocurrency will eventually go to zero and disappear. The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In an interview with the Asahi publication AERA dot on June 19,…
Read more
According to Thailand-based company SYNQA, the firm will use the $80M investment to ‘deepen its footprint’ in cashless societies in Asia. SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures. In a June 22 announcement, Thailand-based fintech company SYNQA stated it…
Read more
Nassim Taleb, university professor and author of Black Swan, thinks Bitcoin is a good idea but most investors can’t understand its nuances. Nassim Taleb, author of “Skin in the Game”, got into a small Twitter feud in which he explained that most investors can’t understand the nuances of a cryptocurrency like Bitcoin. According to a…
Read more
A-Trust’s QualiSig project has received 60,000 euros of Austrian government funding to provide secure crisis communications between authorities and citizens. The Austrian government has backed a new blockchain-based research project, aiming to provide secure communication channels between authorities, institutions and citizens in times of crisis. As announced June 18, the QualiSig project, launched by Austrian…
Read more
