Huobi enters $93 million partnership with China-South Korea Blockchain Fund

World’s third largest cryptocurrency exchange platform in terms of trade volumes Huobi has entered into a $93 million China-South Korea investment fund for blockchain companies. According to China Money Network, Huobi, alongside Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd., will use the $93 million fund to invest in blockchain startups. It […]

Golix to raise $32million across Africa in GLX token sale

Zimbabwe’s biggest cryptocurrency exchange platform, Golix, is not relenting on its planned ICO sale to raise $32 million. The crypto platform isn’t exclusively focusing on Zimbabwe, rather expanding its token sale to other African countries like Kenya and Uganda sales of which is expected to take off this month. It’d be recalled that Golix’s Initial […]

Will Cryptocurrency Adverts appear in Russia 2018 Stadiums?

One question I’ve asked myself severally is: will the organising committee of the 2018 FIFA World Cup allow cryptocurrency adverts  show at all the Russian Stadiums that will be playing host to the largest soccer tournament? Over the last couple of months crypto enthusiasts have had to battle with different cryptocurreny  advertisements. While some of the […]

Amazon launches Kaleido Blockchain to boost business platform

#Amazon | #Kaleido | #Blockchain Amazon is adopting a blockchain technology which is Ethereum-based cloud platform called Kaleido for its Amazon Web Services, which will assist customers to do things faster. “Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves,” says Amazon Web Services. Kaleido is Ethereum-based, and […]

Kenya to create special unit for Cryptocurrency related issues

Kenya’s Capital Markets Authority (CMA) is proposing the creation of a special unit to handle ICOs and cryptocurrency related issues. CMA Chief Executive Paul Muthaura said the unit would include all relevant regulators in the financial market in the country. This is found in Capital Market Soundness Report, “Staying the course in a Turbulent World of Increasing […]

Cryptocurrencies are real, JPMorgan Co-President Pinto says

Co-President of JPMorgan Chase Jerry Pinto knows that ‘cryptocurrencies are real, but he wants them really evolve to become a viable financial products. “Cryptocurrencies are real but not in the current form,” Pinto was quoted as saying by CoinTelegraph. The financial institution has been finding hard to ignore the digital sector since bitcoin boom and […]

Ripple launches Xpring to support businesses using XRP tech

#Cryptocurrency Ripple has launched an initiative called Xpring (pronounced as spring) that will provide investments and grants to entrepreneurs using the XRP token and the XRP ledger. “Ripple formed Xpring because it recognizes the vast, still untapped potential of the ledger and the asset for uses cases beyond the company’s focus: removing friction from global […]

Cryptocurrency trading in Korea to get more boost under new FSS boss

#Cryptocurrency | #SouthKorea | #Bitcoin Cryptocurrency may begin to enjoy trading atmosphere in South Korea just as the Financial Supervisory Service (FSS), the country’s primary financial regulator, is softening pedal on regulations. The new governor of FSS Yoon Suk-heun spoke shortly after his appointment was approved by President Moon Jae-in that he’d look at revising some regulations applied […]

Telegram cancels ICO after raising $1.7 Billion in presale

#ICO | #Telegram One of the World’s largest and secured messaging app Telegram has cancelled its intial plan of launching its public initial coin offering (ICO) after raising $1.7 billion. Telegram’s planned ICO was aimed to fund the development of its “third-generation blockchain.” The Wall Street Journal reports that Telegram determined that it is pleased […]

IMF Report: Cryptocurrency doesn’t pose financial risk

The latest report by the International Monetary Fund (IMF) says cryptocurrencies do not pose any financial stability risk. IMF expressed limited concerns about leveraged trading of cryptos, the integration of crypto-assets into mainstream products, and the cross-border character of the digital assets. IMF says: “It is impossible to know the extent to which crypto assets may […]

Why Warren Buffett doesn’t see Buying Bitcoin as Investment

#Cryptocurrency |#Bitcoin While millions of cryptocurrency enthusiasts around the world invest in bitcoin, ethereum, litecoin and coins, American billionaire, Warren Buffett, doesn’t see buying cryptos as an investment. The 87-year-old  CEO of Berkshire Hathaway, in an interview with Yahoo Finance Saturday, April 28, said in Omaha, Nebraska, that, “There’s [sic] two kinds of items that […]

A HUGE fish, Nasdaq, is coming to crypto trading soon

#Nasdaq | #Cryptocurrency World second-largest stock exchange firm in terms of market capitalization Nasdaq may be a game changer when it finally enters the cryptocurrency trading platform. Nasdaq  Chief Executive Officer Adena Friedman hinted that the stock market could become a platform for trading cryptocurrencies in the future, but that will be when the crypto market becomes more […]

Nexon denies Bitstamp acquisition news

In the news yesterday was the acquisition of one of the largest cryptocurrency firm Bitstamp by a Korean video gaming company Nexon. But the video gaming company has refuted the news, saying it’s not true. We understand that, since companies deny any acquisition news which hasn’t been made official. Acquisition of a new company requires […]