New Dawn in Regulation for Cryptocurrency Exchanges in Canada

Canada introduces new KYC/AML compliance laws that require cryptocurrencyexchanges to register with FinTRAC by June 2020. Regulation of virtual assets such as cryptocurrencies is picking up pace in 2019 as governments and financial authorities impose new laws for the growing industry. Cryptocurrency exchanges in Canada will now be legally required to register with…

Diginex Blockchain Company To Go Public Via Reverse Merger With 8i

Diginex, a blockchain financial firm based in Hong Kong, is set to go public soon. However, the company is not really using the most usual route of starting its own Initial Public Offering (IPO). Instead of that, Diginex has decided to go through a reverse merger with 8i Enterprises Acquisition Corp, an investment…

Cryptocurrencies Are No Real Risk To Financial Future

Cryptos have often been accused of many things. Some people have connected them to scams while others have claimed that they are unstable, too volatile or that they pose a risk to the financial stability of the world. The Central Bank of Germany, however, disagrees with these notions. Burkhard Balz, an…

American Foundation for Defense of Democracies (FDD) Gives Report On Crypto Use

The American Foundation for Defense of Democracies (FDD) has published their take on the risks associated with cryptocurrencies by countries that are being sanctioned by the US. The essence of the report can be grasped by these lines in the executive summary of the report. “While cryptocurrencies and blockchain technology may benefit millions of consumers by reducing…

Nexo Crypto Loan Firm Agrees to Accept Telegram’s ICO Token as Collateral

New cryptocurrencies are launched rather frequently in this evolving market, though the difficult concern has been the worldwide acceptance to make these tokens actually worth something. With the notoriety of Telegram, the launch of multiple private sales of the gram token has been lucrative, and Nexo is already planning to accept these…

Opera Releases iOS Version of Its ‘Blockchain-Ready’ Mobile Web Browser

Norway-based internet browser company Opera has launched the iOS version of its mobile web browser, Opera Touch, according to a press release shared with Cointelegraph. Opera Touch reportedly supports the Ethereum (ETH) protocol and the Ethereum Web3 application programming interface (API). This means that the browser accommodates Ethereum-based decentralized applications (DApps) and all ERC-20 tokens, stablecoins, and non-fungible tokens (NFTs). The browser also is said to feature…

There Are Now More Than 5,000 Bitcoin ATMs Around the World

The total number of bitcoin ATMs (BTMs) worldwide reached 5,000 for the first time, monitoring resource CoinATMRadar confirmed on June 24. According to the latest statistics, there are now 5,006 standalone BTMs in around 90 countries, where cryptocurrency users can buy or sell bitcoin (BTC). Some machines offer both services simultaneously. The data caps…

Walmart China Will Track Food in Supply Chain with Vechain’s Thor Blockchain

Walmart China plans to track food through its supply chain with VeChain’s Thor blockchain, reveals a VeChain press release published on June 25. Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin, and the China Chain-Store & Franchise Association. WCBTP has been reportedly announced at the 2019 China Products Safety…

Store of Value Assets Continuing to Surge Together

Over the past few months, Bitcoin has been gaining a lot of financial traction, with the flagship digital currency’s value currently laying around the $11,200 mark. Also, it bears mentioning that recently, a couple of mainstream media analysts — namely, CNBCs Jim Iurio and Bloomberg’s Tyler Cowen — have come forth and…

IBM Announces New Multicloud Update to Blockchain

IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18. The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s Azure or Amazon Web Services (AWS). This is apparently the main upgrade over its previous iteration, which was available solely through IBM’s cloud. The…