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NYSE Launches Shares of Pro Crypto Silvergate Bank for Trading

American Commercial bank Silvergate Capital, a bank focused on digital currencies, is now officially established on the New York Stock Exchange (NYSE), with an opening of $12.75. Parallel to the event was the celebration of its initial public offering (IPO), as per NYSE. This information was followed by Silvergate Capital’s announcement of the pricing of its … Continue reading NYSE Launches Shares of Pro Crypto Silvergate Bank for Trading

Walmart Canada Delves Deeper into Blockchain with DLT Labs Tie-Up

Walmart Canada has teamed up with DLT Labs for its blockchain-driven freight and payment network that is touted to be the world’s most prominent full production blockchain solution for any sector application.  The new network will utilize distributed ledger technology to automate payments and reconciliation, authenticate transactions, and trail deliveries between Walmart Canada and the … Continue reading Walmart Canada Delves Deeper into Blockchain with DLT Labs Tie-Up

Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

According to a report, Ukrzaliznytsia has uncovered a hidden cryptocurrency mining farm in the Lviv railway subdivision, which has been making use of the country’s electricity without paying for it. This secret mining company was discovered by Ukrzaliznytsia’s security department, in conjunction with law enforcement officials. Oleg Nazaruk, Director of the Department of Economic and … Continue reading Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

Gemini Delves Deeper into Crypto Space with Nifty Gateway Acquisition

Gemini, a cryptocurrency exchange behemoth, has revealed the acquisition of Nifty Gateway, a famed platform for non-fungible tokens (NFTs), also called nifties. Expressly, nifties are used in powering the emerging economy of virtual goods and digital collectibles.  Through this acquisition, Gemini’s infrastructure will be used to further launch Nifty Gateway.  Nifties are unique cryptographic tokens … Continue reading Gemini Delves Deeper into Crypto Space with Nifty Gateway Acquisition

Ontology Teams Up with Chainlink to Solve the Oracle Problem by Creating Externally Connected Smart Contracts

In an effort to foster the Ontology network, the platform has announced its decision to collaborate with Chainlink to build data-driven smart contracts with end-to-end security and reliability, which is centered on solving what they identified as the oracle problem. An oracle being a gateway to the external world, allows off-chain data inputs to come … Continue reading Ontology Teams Up with Chainlink to Solve the Oracle Problem by Creating Externally Connected Smart Contracts

Beijing Authorities Warns Institutions Not to Get Involved with Crypto

Beijing’s local authorities in China have issued a new risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision Administration, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory released further measures to ask firms not to engage in crypto businesses.  … Continue reading Beijing Authorities Warns Institutions Not to Get Involved with Crypto

Why Crypto Exchanges Must Reinvent Themselves to Stay Relevant or Else Face Extinction

Several crypto exchanges have shut down their operations due to various reasons. For example, many crypto exchanges have found themselves having little business to sustain the cost of staying open. Others have closed because of the lack of meeting regulatory requirements.  However, cryptocurrency exchanges are not going away. There is already an adequate number of … Continue reading Why Crypto Exchanges Must Reinvent Themselves to Stay Relevant or Else Face Extinction

Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?

During a panel discussion at the World Economic Forum which included the topic of Central Bank Digital Currencies (CBDCs), David Marcus, Head of Calibra, highlighted that digital currencies are the key to innovating cross-border payments and solve the issues of the unbanked—regardless of if that digital currency is Libra or not.  As reported by Bloomberg, … Continue reading Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?

Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

The Ugandan government has formed a team of experts to research and offer guidance on digital financial operations, such as cryptocurrencies. This information was revealed by David Bahati, the State Minister of Finance in charge of Planning, as he aired his views on the floor of the Ugandan parliament about the dangers posed by pyramid … Continue reading Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

The Financial Crimes Enforcement Network (FinCEN) has urged social media and messaging companies that are working with on cryptocurrencies to be vigilant about illegal transactions.    Jamal El-Hindi, the Deputy Director of the FinCEN spoke at the SIFMA twentieth Anti-Money Laundering (AML) and Financial Crimes Conference in New York. Along with the agency’s publication, these social media companies have been warned that … Continue reading FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

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