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Binance to Launch Fiat-To-Crypto OTC Trading in a Month
The team behind the world’s largest cryptocurrency exchange seems to be on a tear. After unveiling a Libra rival, launching an NYDFS-approved stablecoin, and expanding into the U.S. and the lending space, Malta-registered crypto giant Binance is now set to add over the counter (OTC) trading to its platform. According to CoinDesk, the new service will provide users with fiat
North Korea Is Making Its Own Version of Bitcoin
The hermit state is reportedly in the early stages of creating its own cryptocurrency, Vice News reports. The still unnamed cryptocurrency will be “more like bitcoin,” said Alejandro Cao de Benos, the official in charge of Pyongyang’s cryptocurrency conferences. “We are still in the very early stages in the creation of the token,” he added. “Now we are in the
Citi, IBM, Ubisoft Join Singaporean Blockchain Accelerator
Tribe Accelerator, Singapore’s first government-backed blockchain accelerator, has added another batch of big names to its corporate partners list. According to the Straits Times, IBM, Citibank, and Ubisoft have all joined Tribe as corporate partners for the second edition of its four-month program. The three giants, Tribe says, will help participating start-ups gain better access to international markets and resources.
OKEx Korea Delists Five Major Privacy Coins
OKEx’s Korean unit is delisting five privacy coins, including monero, dash, and super bitcoin, citing “violations” to the Financial Action Task Force (FATF’s) “travel rule.” According to The Block, transaction support for the five cryptos will end on October 10, while withdrawal services are slated to stop on December 10. The decision to pull the cryptos is due to the
CMCC Global Launches Institutional-Grade Bitcoin Fund
Institutions now have another way to get their hands on bitcoin. Hong Kong-headquartered venture firm CMCC Global recently announced the launch of the Liberty Bitcoin Fund, a passive, institutional-grade bitcoin (BTC) tracker designed for accredited investors. The fund is reportedly the first of its kind in Asia and it allows investors to hold BTC without worrying about the complexities of
France, Germany to Jointly Reject Facebook’s Cryptocurrency
Here’s something interesting. Longtime frenemies, France and Germany, have joined forces against Facebook’s upcoming cryptocurrency. Deutsche Welle reports that French Finance Minister Bruno le Maire and his German counterpart Olaf Scholz have both agreed to block the planned introduction of Libra in the Eurozone. In a statement, the two said that the virtual currency could undermine the “monetary sovereignty” of
Deutsche Bank Joins JP Morgan’s Blockchain Platform
Germany’s beleaguered banking giant, Deutsche Bank, has joined JP Morgan’s blockchain-based Interbank Information Network (IIN), the Coin Telegraph reports. Deutsche Bank’s entry brings the initiative’s network to 320 banks, with Takis Georgakopoulos, head of payments at JP Morgan, expressing hope that Deutsche will be the first of several other large banks to join the platform. Deutsche Bank, the world’s largest
France Will Block Development of Facebook’s Libra in Europe
Bruno Le Maire, France’s Minister of the Economy and Finance, doesn’t seem to be a fan of Facebook’s Libra project. According to The Telegraph, Le Maire said that France would block Libra’s development in Europe because it poses a threat to “government sovereignty.” “All these concerns about Libra are serious,” Le Maire said. “I therefore want to say with plenty
Binance US to Begin Accepting Deposits Next Week
The world’s largest cryptocurrency exchange will be hitting U.S. shores next week. Binance.US, according to a blog post on Medium, will be open for registration and deposits on September 18. The company says this will kick off the “first phase” of its U.S. expansion as it gradually rolls out products across America. After registration, Binance.US users get to select the
FATF Chief Says Agency Is Closely Monitoring Facebook’s Libra
The Financial Action Task Force (FATF), the global money-laundering watchdog, is keeping a close eye on Libra, Facebook’s upcoming cryptocurrency. Speaking to Reuters, Xiangmin Liu, the new chief of the FATF, said that the agency is closely monitoring developments with the Libra project and that they “want to make sure that if there are significant risks, they need to be