Day: November 15, 2018

Malaysian Lending Giant CIMB Joins Ripple’s Cross-Border Payment Network

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Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s (XRP) cross-border payments network RippleNet, Bloomberg reports Nov. 15. The $53.5 billion market cap CIMB will integrate Ripple’s XCurrent product, a software solution for expediting cross-border payments, for its “SpeedSend” remittance product. As Bloomberg reports, CIMB’s product serves multiple Southeast Asian markets, including the Philippines, Vietnam and Thailand. As Bloomberg notes, Ripple is vying to outstrip incumbent money transfer giant SWIFT (Society for Worldwide Interbank Financial Telecommunication) in the global cross-border payments industry. The latter’s website claims SWIFT currently serves…

Paul Scholes, Former Manchester United Star, to Support Crypto Startup

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Soccer Legends Limited, a Hong Kong-based startup, is aiming to integrate blockchain technology into soccer, the most popular sport in the world. The project is designed to “bridge the gap between soccer superstars, youth talents and fans.” Soccer fans can use the 433 Token to support a future superstar, interact with the most famous players and to influence important soccer-related decisions. According to the company, Paul Scholes (Manchester United legend 11-times English Premier League champion) and Andriy Shevchenko (AC Milan legend, UEFA Champions League Top Scorer, Ballon d’Or winner and…

Parent Co. of World’s Largest Crypto Exchange OKEx Launches Trading in Argentina

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OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has  launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.”   OKCoin has also revealed its plans to extend its services all over Latin America, adding other…

Bitcoin Price & Technical Analysis: BTC under Harsh Pressure

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Photo: Roboforex / TradingView The major crypto continues falling on Thursday, trading at around $5,768, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex. While crypto traders and investors are worried about the current situation, technically, Bitcoin is going along its long term downtrend, with yesterday’s fall being a strong move after a long consolidation phase. Thus, the lower boundary breakout was quite natural. The immediate downtrend target is the midterm channel support at $5,180, after which a short term pullback may be expected. If the support gets broken out, the price…

Market Research Group Diar Launches Crypto Data Platform

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Diar recently announced the launch of a curated crypto data platform that will cover multiple areas of the virtual currency industry. The market research group with its primary focus on cryptocurrencies will offer detailed research pages for cryptocurrency exchanges, Bitcoin (BTC), and institutional investments on its new site. Each page will provide multiple analyses and updated information on all the aspects related to crypto space including recent news and regulations. Curated crypto data platform from Diar to provide news on market trends Each page of the crypto data platform from…

XRP Eclipses Ethereum, What is Next For The Major Cryptocurrencies?

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It what has been one of the largest single purges of the cryptocurrency markets this year, Ripple’s XRP token has surpassed Ethereum in terms of market capitalization. The Bottom Just Fell Out Of The Bottom Just when we thought that things couldn’t get much worst and the bottom was in, the bottom fell out and markets nosedived again. Over the past 24 hours crypto markets have dumped almost $30 billion as they fell from around $210 billion to a 2018 low of $180 billion. The dust has settled at around…

Bitcoin Group SE buys 100% stake in Tremmel Wertpapierhandelsbank GmbH

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Bitcoin Group SE has fully acquired the The Tremmel Investment bank for an undisclosed amount. Bitcoin Group SE operates German’s only regulated cryptocurrency exchange platform Bitcoin Deutschland AG. The exchange permits trading in Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) with plans underway to list more assets. Custody banking Bitcoin Group SE hopes to introduce custody banking to the investment bank that according to its website deals in securities trading on behalf of other interested institutions. When the acquisition is settled, probably in the first quarter of 2019, Bitcoin…

SWIFT Disconnects Iran from Its Financial Messaging Network

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As US economic sanctions on Iran takes effect, SWIFT has succumbed to pressure by US regulators to withdraw its services from Iran. SWIFT, a Belgium-based provider of secure inter-banks messaging services with operations spanning over two hundred countries reached the decision following penalty threats by US authorities. Cutting off Iran’s cross-border transactions SWIFT’s actions will derail Iran’s cross-border banking services which would in effect suffocate the Islamic nation’s import and export sector. The US Treasury secretary, Steven Mnuchin applauded SWIFT’s actions terming it as “the right decision to protect the…

Major Russian Art Gallery Tretyakov Launches Blockchain-Based Art Patronage Project

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The prestigious State Tretyakov Gallery in Moscow, Russia, is launching a blockchain-based art patronage scheme, Russian news agency TASS reports Nov. 15. The project, dubbed “My Tretyakov,” allows individuals or enterprises to make a private donation to contribute to the digitization of an item from the gallery’s collection, thereby become the artwork’s patron. The system, developed with business innovation collective RDI Digital, uses blockchain technology to assign and manage the patronage structure. According to a press statement from the gallery: “The donation amount is still under discussion. The system randomly…

Google G Suite’s Twitter Account Hacked To Promote Fake Bitcoin Giveaways

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Alphabet Inc’s (NYSE:GOOGL) Google G Suite is the latest victim of a high-profile twitter account hacking aimed at advertising fraudulent Bitcoin (BTC-USD) giveaways. The scammers targeted the company’s close to a million followers and possibly more who would receive the fake news through sharing. Bitcoin giveaway scam The message that lasted for about 10 minutes before being pulled down appealed to followers to take part in a ten thousand Bitcoin giveaway while lying that Google’s G Suite accepted payment for its products and services in cryptocurrency. Confirming the incident to…