Rakuten, Japan’s largest e-commerce and among the world’s largest by sales, often referred to as ‘the Amazon of Japan’ announced today launch of its cryptocurrency wallet. Source: Rakuten’s press release report. The wallet is currently available for Android smartphones and can be used to conduct spot trading of crypto assets....
Bakkt announced today that they have clearance from the New York State Department of Financial Services to launch Bitcoin futures.
Coinbase Custody announced on Thursday, successful acquisition of Xapo’s institutional businesses. Xapo has long been a pioneer in the storage of crypto assets. Best known to house the vault in a decommissioned Swiss military bunker that offers uniquely robust protection against physical theft. With this acquisition, Coinbase Custody has grown...
KakaoTalk which has global monthly active users of 50.9 million recently released a teaser of its cryptocurrency wallet ‘Klip’. The wallet is been developed by Kakao’s blockchain subsidiary Ground X. The blockchain platform is expected to be launched later this year. Since the teaser, a number of dApp partners and...
Last month a draft bill titled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019” circulated. The draft bill has proposed up to a 10-year prison sentence for individuals who mine, generate, hold, sell, transfer, issue or deal in cryptocurrencies. It is expected that the Indian Government will...
Leading Indian company Reliance announced their plans to expand their footprint in digital space. The company plans to do so by investing in 3 next-generation technologies which include Blockchain technology. The other two areas are – Edge computing and cloud infrastructure. Reliance is one of the largest publicly-traded company in...
South Korean messaging app ‘KakaoTalk’ preparing to launch its own cryptocurrency wallet “Klip” developed by Kakao’s blockchain subsidiary, GroundX. The wallet will support the company’s native token “Klay” and support cryptocurrencies issued on its native blockchain “Klaytn”. Kakao’s blockchain partners include Airbloc, Pebble, and Spin Protocol. Source:[inlinetweet]KakaoTalk released the crypto...
Commerzbank, Germany’s second-largest bank has developed a blockchain-based machine-to-machine payment solution. As a result of digitalization with DLT, machines are interconnected with each other to operate with a high degree of autonomy enabling automatic settlement of mutual payments. To test this fully automated payment process, a transaction was placed between...
Recently U.S. treasury yield curve inverted to flag a possible future economic recession. Economists are getting nervous due to inverted yield curve historical correlation which accurately indicated the previous 7 recession cycles. The cause of this can often be attributed to a weak economy which causes inflation to drop below the...
During the 2019 bull run, the need to expand the investment portfolio has also brought focus to lending projects making decentralized finance (DeFi) projects crowd favorite.
