digital currency

Ten crypto exchanges in South Korea applied for registration hours before deadline

Source Node: https://bitcoinerx.com/bitcoin/ten-crypto-exchanges-in-south-korea-applied-for-registration-hours-before-deadline/
Time Stamp: September 26, 2021 3:45 AM - Modified On: September 26, 2021 - Published By:
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Only 10 out of dozens of cryptocurrency exchanges in South Korea were able to register with local authorities before time runs out on them on Friday, information on the country’s financial regulator’s website shows. On Friday, crypto exchanges Gdac, Five, OK-BIT, Graybridge, Flat Thai X, Prabang and digital currency custodian Gameper, to name a few, made progress in their registrations. South Korean authorities are still expecting at least 18 other crypto exchanges to complete their applications by Friday. In April, South Korea’s Financial Services Commission (FSC) required that all crypto

China Calls All Crypto Transactions Illegal, Bitcoin Drops $4k In Response

Source Node: https://bitcoinist.com/china-calls-all-crypto-transactions-illegal-bitcoin-drops-4k-in-response/?utm_source=rss&utm_medium=rss&utm_campaign=china-calls-all-crypto-transactions-illegal-bitcoin-drops-4k-in-response
Time Stamp: September 24, 2021 8:04 AM - Modified On: September 24, 2021 - Published By:
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China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin drops down to $41k from $45k. China Announces All Crypto Transactions And Activities Are Illegal As per a report from Bloomberg, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital currency transactions are illegal. According to The People’s Bank Of China (PBOC), not only are Bitcoin, Ethereum, and others unrecognized as legal tender, any services related to them are also illegal. These crypto services include

Ripple Partners With Bhutan To Pilot CBDC Project

Source Node: https://bitcoinist.com/ripple-partners-with-bhutan-to-pilot-cbdc-project/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-partners-with-bhutan-to-pilot-cbdc-project
Time Stamp: September 24, 2021 7:02 AM - Modified On: September 24, 2021 - Published By:
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Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product. Related Reading | Ripple and XRP: The Complete Guide The leading provider of enterprise blockchain and crypto solutions for cross-border payments announced this partnership on Wednesday. There was also a Twitter announcement to this effect. “Today, we are proud to announce our partnership with Bhutan’s central bank, the Royal Monetary

African Weather Balloon Project Uses Blockchain to Track Climate in West Africa

Source Node: https://news.bitcoin.com/african-weather-balloon-project-uses-blockchain-to-track-climate-in-west-africa/
Time Stamp: September 24, 2021 4:00 AM - Modified On: September 24, 2021 - Published By:
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According to the findings of one study, nearly 91% of deaths from natural disasters recorded between 1970 and 2019 occurred in developing countries. This study adds that such a high number of deaths is largely due to a lack of early warning systems and disaster management protocols. Using Blockchain to Store Climate Data It has been shown that improvements in technology can help to lower the number of lives lost as a result of flooding or cyclones. Unfortunately for third world countries, their poor access to centralized data which is

Your September Newsletter for All Things BitPay and Crypto

Source Node: https://bitpay.com/blog/welcome-to-the-september-cryptie/
Time Stamp: September 23, 2021 9:26 AM - Modified On: September 23, 2021 - Published By:
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We have another month of crypto news and BitPay happenings, including an exciting new partnership, a product integration and more updates around global crypto adoption. Don’t forget to check out what ‘swap’ means and learn more about BitPay Reload in our product highlight.In This Issue:BitPay in the SpotlightUATP, a global payment network owned and operated by the airlines, has partnered with us to start accepting crypto payments and attract new business. Read the announcement here.Our CEO, Stephen Pair discusses why it’s important for the approach to crypto regulation to go

Fake News Moves Market | This Week in Crypto – Sep 20, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-sep-20-2021/
Time Stamp: September 20, 2021 1:00 AM - Modified On: September 20, 2021 - Published By:
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 Fake Walmart news crashes the crypto market, Revolut pays for office space in Bitcoin and a statue for Satoshi. These stories and more this week in crypto. A press release claimed early this week that Walmart had partnered with popular altcoin Litecoin. The news was widely celebrated by crypto fans, and the price of Litecoin along with the rest of the crypto market surged heavily in minutes. However, within an hour, both Walmart and the Litecoin Foundation denied any relationship, that news quickly crashing the market. The cryptocurrency-infused financial

Steve Cohen Invests in Crypto Trading Firm Radkl

Source Node: https://beincrypto.com/steve-cohen-invests-in-crypto-trading-firm-radkl/
Time Stamp: September 15, 2021 7:15 PM - Modified On: September 15, 2021 - Published By:
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The hedge fund magnate and owner of the New York Mets continues his support, vocally and financially, for the crypto industry. Sponsored Sponsored Cryptocurrency trading frim Radkl has secured a high-profile investor in Steve Cohen. Cohen has invested an undisclosed about of financial support for the new firm, which launched on Tuesday. According to the Wall Street Journal Cohen is investing with his personal assets rather than using capital from his Point72 Asset Management LP.  According to a spokesperson from Radkl, Cohen “won’t be involved in Radkl’s day-to-day operations.” The move

BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials

Source Node: https://ambcrypto.com/bis-partners-with-australia-malaysia-singapore-south-africa-for-cbdc-trials/
Time Stamp: September 2, 2021 8:30 AM - Modified On: September 2, 2021 - Published By:
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The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for international payments. The experiment, under Project Dunbar, aims to reduce costs and increase the speed between cross-border payments by institutions. According to Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore, “Project Dunbar brings

China: Is the PBoC’s new ‘reminder’ on Bitcoin’s status really new

Source Node: https://ambcrypto.com/china-is-the-pbocs-new-reminder-on-bitcoins-status-really-new/
Time Stamp: August 27, 2021 9:30 PM - Modified On: August 27, 2021 - Published By:
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“We remind the people once again that virtual currencies such as Bitcoin are not legal tenders and have no actual value support.” The People’s Bank of China [PBoC] has once again raised an alarm about the use of cryptocurrencies in light of its recent crackdown. According to local reports, the central bank took a shot at Bitcoin, commenting that such virtual currencies cannot compete with existing legal tender. Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC, argued that cryptos are not backed by any

Cuban government says it plans to regulate cryptocurrencies

Source Node: https://www.theblockcrypto.com/linked/115879/cuban-government-says-it-plans-to-regulate-cryptocurrencies?utm_source=rss&utm_medium=rss
Time Stamp: August 27, 2021 3:47 PM - Modified On: August 27, 2021 - Published By:
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advertisement Cuba is planning to regulate cryptocurrencies, according to a resolution published in its official national gazette on August 26th that was covered by the Associated Press and several other outlets.According to the text, the resolution aims to establish rules for regulating the use of virtual assets, as well as granting licenses to service providers dealing with said assets. It would allow the Bank of Cuba to authorize virtual assets and service providers “for reasons of socioeconomic interests.” In this case, virtual assets refer to the “digital representation of value”

Indian Central Bank Could Launch CBDC Trials by December

Source Node: https://beincrypto.com/indian-central-bank-could-launch-cbdc-trials-by-december/
Time Stamp: August 27, 2021 2:20 PM - Modified On: August 27, 2021 - Published By:
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The Reserve Bank of India (RBI) could launch its first digital currency trials by December, according to central bank governor Shaktikanta Das.Sponsored Sponsored The RBI is currently studying different aspects of digital currencies, including their security, potential impact on India’s financial sector. The central bank must also consider how a digital rupee would affect monetary policy and currency in circulation. “We are being extremely careful about it because it’s completely a new product, not just for RBI, but globally,” Das explained.Sponsored Sponsored According to Das, the central bank is also