Thailand’s oldest bank Siam Commercial Bank (SCB) with 16 million customers partners with RippleLabs to develop an SCB mobile payment application that runs on Ripple to deliver instant, low-cost cross-border payments. In recent years the use of mobile payments has become a preferred method, especially in Asia. Eight of the...
In 2019, a total of $2.36 billion trade volume was executed on Ethereum-based decentralized exchanges (DEX). According to the analytics site Dune, IDEX leads with $853 million in trade volume followed by Oasis $498 million and Kyber $388 Million. # DEX 2019 Trading volume (in $) 1 Idex 853,457,336 2...
Cryptocurrency exchange Kraken in the latest tweet shared an infographic revealing the number of inquiries exchange receives from the global law and enforcement. In 2019, the exchange received a total of 710 inquiries, a 50% increase compared to 2018. Most of the inquiries (nearly 60%) came from U.S. authorities. Exchange...
StarkWare in the latest tweet said that Ethereum has the potential to scale to 9000 tx/ sec. The team added that the measurements are “not approximations nor estimates” but based on actual test results, adding Istanbul update helped. Last month Ethereum underwent Istanbul update which adds six improvements including reducing...
Fidelity today announced that it is establishing a new entity to serve Europe-based institutions investing in the digital asset (Bitcoin). The planned entity will be based in the UK and will offer digital asset (Bitcoin) custody and trade execution to Europe-based investors such as hedge funds, family offices, etc. Growing...
In a filing with the New York State Supreme Court’s Appellate Division, the New York Attorney General (NYAG) argues Bitfinex is wrong to think that they are entitled to halt the investigation. Bitfinex is under the NYAG lens for potential securities and commodities fraud. NYAG suspects that Bitfinex might be...
VeChain Foundation announced that its buyback address was compromised, atoning to a loss of 1.1 billion VET tokens (approx. $6,700,000). Internal investigations are underway to determine the motive, method, and data flow behind this fraudulent act. A section of there announcement reads: “It was most likely due to misconduct of...
In a recent report published by the Swiss Federal council, the council reported that a “Universally accessible [retail] central bank digital currency would bring no additional benefits for Switzerland at present”. However, a Swiss digital currency for wholesale use that is “restricted to financial market players [only]” seems to be...
Cryptocurrency exchange Bitfinex has integrated a compliance tool from blockchain analysis firm Chainalysis. Chainalysis’s “Know Your Transaction (KYT)” compliance software will help Bitfinex detect suspicious transactions on a real-time basis. Exchanges Binance and Bittrex have also recently integrated Chainalysis compliance software ‘KYT’. Chainalysis compliance solution is “aligned with what we...
ING group with over $1.1 Trillion in total assets is working its way to launch crypto custody services. Sources familiar with the matter told Reuters that ING is in its early days of testing the underlying technology and one of the bank’s several ongoing initiatives around blockchain. Opportunities with regards...
