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BigTech’s Foray into Cryptocurrency and Digital Payments Could Destabilize Global Finance

Facebook Google Wallets crypto watching cameras

The Financial Services Board (FSB) has issued a report highlighting the potential impact of large tech firms participating in the crypto and digital payments arena. As part of its report, the FSB is calling for robust monitoring of the trend while issuing warnings related to the stability of the global financial architecture. Credit Crunch Concerns

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Leading Cryptocurrency Exchange OKEx to Launch Options Trading Later this Month

OKEX man sitting there talking

Leading cryptocurrency exchange OKEx continues his expansion in the crypto derivatives market. After introducing Futures and Perpetual Swap Contract earlier this year, the Malta-based exchange is rolling out Options Trading according to a press release by BusinessWire, December 9. OKEx Options Valletta-based cryptocurrency exchange OKEx has officially announced the release of its latest trading product: options

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Bakkt’s Bitcoin Options, Cash-Settled Futures Contracts are now Live

Bakkt’s Bitcoin Options, Cash-Settled Futures Contracts Are Now Live

Bakkt, the Bitcoin (BTC) trading platform geared toward institutional investors on December 9, 2019, announced that it had launched two new digital currency products – Bakkt Bitcoin Monthly Options, and Bakkt Bitcoin (USD) Cash Settled Futures. Expanding the Crypto Product Catalogue Intercontinental Exchange’s (ICE) Bakkt said on December 9 that it will be using its

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Analysts Claim Indirect Investment in Cryptocurrency and Blockchain helps Manage Massive Risks

Bitcoin Riding his bull with sword pointed toward the sun

There has been an extra amount of negative sentiment directed towards cryptocurrencies in the last few weeks as Bitcoin slowly winded down from $8500 to $6800 over the course of a month. Many wealth managers believe it is better to gain exposure to this space by investing in publicly listed companies that are working with

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South Korea: Government Mulling Taxing Cryptocurrency Capital Gains

South Korea: Government Mulling Taxing Cryptocurrency Capital Gains

The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019. South Korean Authorities Taming the Crypto Conundrum In their short history, cryptocurrencies haven’t exactly been able to earn the trust of a large number of financial watchdogs

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India: RBI Mulling State-Owned Cryptocurrency

The Reserve Bank of India (RBI), India’s central bank, has become the latest central bank with plans to launch a central bank digital currency otherwise known as CBDC. Despite looking into the possibility of launching a ‘crypto-rupee’, the RBI still maintains its anti-cryptocurrency stance. RBI Still Studying Central Bank Digital Currency According to a report

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Startup Raises $1.5 Million in World’s First-Ever Blockchain-based IPO

In another first for decentralized technology utilization, EU-Startups reports that Greyp has raised more than $1.5 million from investors in the world’s first-ever blockchain-based initial public offering (IPO). The news marks yet another milestone for blockchain technology penetration in the global financial market. Neufund Closes $1.5 Million Blockchain-based IPO According to EU-Startups, Neufund — a

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Mining Giant Bitfury Expands Its Blockchain Services With Exonum Enterprise

Bitfury Labeled Wallet Bursting with Cash

Bitfury announced on December 5 the launch of Exonum Enterprise, a private blockchain that allows companies and institutions to launch blockchain projects by exploiting the security of the Bitcoin blockchain. Shifting to Enterprise Blockchain Developer After having previously launched its own open-source software that allowed anyone to run permissioned blockchain, Bitfury has further expanded its

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Second Layer Ethereum Scaling Solution ZK Sync Launched to Rival Visa

Layer two scaling solutions have been accepted as the way forward by blockchain developers at large. Putting decentralization at risk by attempting to scale the base layer is a trade-off that doesn’t make sense for this technology. ZK Sync will enable privacy and scalability by adopting Ethereum’s security, the scalability induced by layer two solutions,

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Kraken Announces the Swiss franc (CHF) as Its Sixth Fiat Currency

Kraken, one of the oldest bitcoin trading venues in the world, has announced the addition of the Swiss franc (CHF) to the growing list of fiat currencies supported on the exchange. In collaboration with its new banking partner, Bank Frick, Kraken will now offer users CHF deposits and withdrawals, according to a blog post on

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