Day: March 27, 2020

SettleMint – Belgian blockchain startup raises USD $2.09 Million for Expansion

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Sharing is caring! US-based investor Medici Ventures and Dutch KPN Ventures has participated in the €1.9M (USD $2.09 million) investment round of SettleMint, a Belgium based Blockchain Platform as a Service company that has built a low code and infrastructure agnostic blockchain platform solving the major challenges of enterprise-grade blockchain use case development and deployment. ~ advertisement ~ “When you recognise the benefits of this technology for the economy and for society, you have a moral obligation to make it easy for developers to use, to accelerate adoption. As with…

South Korea’s Largest Bank Launch a Crypto Custodial Service

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Major South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on March 27, the bank filed a trademark application for KBDAC, referring to a proposed Digital Asset Custody subsidiary, at the end of January, 2020. KBDAC trademark application for crypto-related industries In the application to the Korean Intellectual Property Office, the bank expresses its desire to trademark KBDAC in over 20 areas, all relating to the cryptocurrency industry. These include trading,…

South Korea’s Largest Bank Launch a Crypto Custodial Service

boss

Major South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on March 27, the bank filed a trademark application for KBDAC, referring to a proposed Digital Asset Custody subsidiary, at the end of January, 2020. KBDAC trademark application for crypto-related industries In the application to the Korean Intellectual Property Office, the bank expresses its desire to trademark KBDAC in over 20 areas, all relating to the cryptocurrency industry. These include trading,…

Singapore Grants Crypto License Exemptions to Ripple, Coinbase and Binance

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While Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have been exempt from the law since the beginning of the year. The Monetary Authority of Singapore (MAS), the country’s central bank and major financial regulatory authority, exempted a number of major payment services from holding a financial license under the PSA. According to a statement released on March 24, the listed companies are allowed to continue to provide specific payment…

Bitcoin Was Heading for a Big Upsurge, Traders Explain What Changed

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With the firm recovery of the Dow Jones Industrial Average and Bitcoin defending the $6,400 support level with strength, crypto traders anticipated the Bitcoin price to rebound to at least the mid-$7,500 area in the short term. In the past 48 hours, however, they have started to lean toward a resumption of a bearish trend for Bitcoin, as the relief rally of the dominant cryptocurrency is seemingly coming to an end. Much data from the imbalanced buy and sell orders on major exchanges like BitMEX and the decline in the…

US County Extends Regs for Crypto Miners Requiring Them to Use Clean Energy

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The Missoula County Board of Commissioners in Montana, United States, has extended its green regulations for cryptocurrency miners, which are designed to control the energy consumption of the industry in the county. The regulations, which require crypto miners to set up their operations only in light industrial and heavy industrial districts, and only after they have been reviewed and approved as a conditional use, are now extended until April 3, 2021.  County authorities initially adopted the rules a year ago, with a view “to protect the public health, safety, morals,…

Why the Binance Crypto Card is Bullish for Bitcoin (BTC) and BNB

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In brief: Binance has announced the launch of the Binance Card that allows users to shop and pay with crypto anywhere VISA is accepted. Binance Card will initially be a virtual card in a Beta version of the new service.  Users can only top up using Bitcoin (BTC) and Binance Coin (BNB).  The team at Binance has continually focused on building ever since the exchange was launched. Crypto adoption just got the biggest boost this year as the popular crypto exchange of Binance has just announced the launch of a…

Bitcoin Scams Continue to Exploit Covid-19 Chaos in UK

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Following a warning from the national watchdog earlier this month, regional authorities across the United Kingdom say Bitcoin scammers are using the coronavirus crisis to hoax citizens.  In a series of consumer fraud alerts published throughout March, Manchester city council and the counties of Pembrokeshire and Norfolk echoed the Financial Conduct Authority (FCA)’s caution against “sophisticated” and “opportunistic” cryptocurrency-related schemes operating during the pandemic. Misrepresentations The three regional authorities identify a range of tactics adopted by Bitcoin (BTC) scams to take advantage of the social disorientation and anxiety amid the…

Gaming Giant Atari to Feature in The Sandbox’s Forthcoming Blockchain Platform

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Iconic entertainment firm Atari is partnering with The Sandbox (TSB) on the upcoming voxel-based blockchain version of its popular user-generated content and gaming platform. In an announcement on March 27, blockchain startup Animoca Brands —  parent company of TSB Gaming — revealed that the collaboration will involve creating 3D voxel versions of popular Atari game properties. These include Asteroids, Centipede, Pong and RollerCoaster Tycoon. Scarce gaming real estate In its blockchain iteration, based on Ethereum, The Sandbox will offer users three new features shaped by the technology: a tool for…

Bitcoin Price Holding $6.5K as Media Calls New ‘Bull Market’ in Stocks

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Bitcoin (BTC) continued to trade near $7,000 on March 27 after traditional markets showed bullish signs and the Dow Jones had its best day in 87 years. Cryptocurrency market daily overview. Source: Coin360 BTC trades in $400 corridor Data from Coin360 and Cointelegraph Markets showed BTC/USD trading in a wide corridor between $6,500 and $6,900 overnight on Thursday. Bitcoin 1-day price chart. Source: Coin360 Having preserved support at the lower end, Bitcoin saw its third consecutive day above $6,000 as coronavirus misery appeared to abate for some parts of the…