BitGo Partners Genesis to Allow Institutions Trade Digital Assets Avoiding Crypto Exchanges

Time is money and in business, money solves everything especially when you are doing business in such a volatile market as the crypto is. Experienced industry investors are very well aware of a price behind every minute lost in grappling with transaction delays. At the times of major price swings shattering the market almost on daily basis, you have to be flexible. However, you also want to be secure, but once you withdraw your money from a safe cold wallet putting them onto an exchange for trade, you automatically are…

Thailand Stock Exchange Applies for Digital License for Crypto Trading

Thailand is rapidly becoming one of the most crypto friendly nations in Southeast Asia despite still being in the grips of a military dictatorship. The Stock Exchange of Thailand (SET) has plans to apply for a digital license which will enable it to operate a cryptocurrency exchange. Thai Bourse Eyes Crypto The SET is keen to get on the growing trend of digital asset trading which is extremely popular in the region. According to Pattera Dilokrungthirapop, the chairwoman of the Association of Securities Companies and vice-chairwoman of the SET’s board…

Canada Digital ID System Could Use Blockchain to Secure Data, Says Banking Executive

A Canadian banking group supports the idea of using blockchain technology as part of a digital ID system for residents, national news agency The Canadian Press reported via various local media outlets on Jan. 15. Speaking during a presentation at the Economic Club of Canada in Toronto, chief executive of the Canadian Bankers Association (CBA) Neil Parmenter said it was necessary for untamperable solutions to form the basis of ID procedures relating to the banking and finance sectors going forward. The comments come as Canada eyes the opportunities afforded by…

Intercontinental Exchange’s Digital Asset Platform Bakkt Announces First Acquisition

Bakkt, the digital assets platform backed by the New York Stock Exchange (NYSE), has acquired certain assets in futures commission merchant Rosenthal Collins Group (RCG). The acquisition was announced in a Medium post on Monday, Jan. 14. In the post, Bakkt CEO Kelly Loeffler hinted that the company’s latest move is part of Bakkt’s ambitious plans to become the first integrated and institutional grade exchange-traded markets and custody solutions. Loeffler also stressed that the acquisition means that the company is slowing down operations while awaiting regulatory approval by the United…

Intercontinental Exchange’s Digital Asset Platform Bakkt Announces First Acquisition

Bakkt, the digital assets platform backed by the New York Stock Exchange (NYSE), has acquired certain assets in futures commission merchant Rosenthal Collins Group (RCG). The acquisition was announced in a Medium post on Monday, Jan. 14. In the post, Bakkt CEO Kelly Loeffler hinted that the company’s latest move is part of Bakkt’s ambitious plans to become the first integrated and institutional grade exchange-traded markets and custody solutions. Loeffler also stressed that the acquisition means that the company is slowing down operations while awaiting regulatory approval by the United…

Russian Parliament to Focus on Digital Economy Bills in Next Session, Says Chairman

Vyacheslav Volodin, the chairman of the lower chamber of the Russian parliament, has said that bills on the digital economy will be a priority during the upcoming session. The parliament’s official website revealed this in a press release published Wednesday, Jan. 9. Speaking at the opening of the parliament’s spring session, Volodin mentioned the digital economy bills that are currently being considered, including the ones on digital financial assets, digital rights and crowdfunding. According to the chairman, the members of the parliament will focus on these bills during the upcoming…

Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

The Thai Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country’s Securities and Exchange Commission (SEC) Jan. 8. According to the announcement, the licenses were issued by the finance ministry “under the recommendation of the SEC Board.” The four companies that received a license are digital asset exchanges Bitcoin Exchange Co., Ltd., Bitkub Online Co., Ltd., and Satang Corporation, and cryptocurrency brokerage firm Coins TH Co., Ltd. Another application to operate a digital assets exchange — filed by…

Report: Central Banks Cautious On Issuing Digital Currency

A global survey shows that central banks are proceeding with caution on issuing their own digital currency, and most of them are only at a conceptual stage. Swiss-based Bank of International Settlements (BIS surveyed 63 of its members on central bank digital currencies (CBDC), a form of government issued digital money that might not necessarily be underpinned by blockchain, as the case is with bitcoin. BIS, which serves as a bank for central banks, is the oldest global financial institution and operates under the auspices of international law. Responses from…

Japanese Banks Launching Digital Currencies Could Inspire the Traditional Cash Society

Japan is known as a land of contrasts. A country where serenity and tranquillity can be found in the middle of the hustle and bustle of large global cities, where proud traditionalism stands side-by-side with the developers and innovators of breakthrough technologies, where kimonos are often found next to the latest fashion trends. This contradictory tendency is no different in Japan’s cryptocurrency ecosystem. It ranks as one of the top crypto-friendly nations on Earth, with favorable and forward-thinking cryptocurrency regulations. They made Bitcoin legal tender in 2017, and at one…

Digital Retail Giant Overstock Set to Use Bitcoin for Tax Payments in 2019 Already

The new year has begun just a couple of years ago but has already brought some surprising news for crypto enthusiasts. On Thursday, the US online retailer Overstock announced it would pay part of its business taxes in the state of Ohio with Bitcoin (BTC). The move is a way to promote cryptocurrency use. Overstock CEO and founder Patrick Byrne said: “We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place…