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Korea’s Upbit to Delist Privacy Coins
Another exchange is delisting privacy coins. In a statement, South Korean cryptocurrency exchange UpBit said that it will be ending support for six privacy coins, including Monero (XMR), Dash (DASH), and ZCASH (ZEC). Trading support for those coins will end on September 30, while deposits are no longer allowed. UpBit said that the decision to pull those coins was “to
JP Morgan’s Blockchain Platform Signs It’s First Singaporean Bank
Shortly after signing Germany’s largest bank, JP Morgan’s blockchain-based payments network has added Southeast Asia’s second largest. According to The Block, the Oversea-Chinese Banking Corporation, popularly known as OCBC, has joined JP Morgan’s Interbank Information Network (IIN). OCBC is the first Singaporean firm to join to network, and it brings the total number of banks in the system to over
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
Fintech Startup Stripe Reaches $35 Billion Valuation
FinTech
Who said fundraising was hard? Well, definitely not Stripe. According to CNBC, San Francisco-based payments startup Stripe has just raised another $250 million in funding, bringing its valuation from $22.5 billion to $35 billion. Sequoia Capital and Andreessen Horowitz General Catalyst were among the investors that participated in the round. Previous investors include Peter Thiel, Elon Musk, and Google’s venture
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