Gibraltar Watchdog Grants License to Belarusian Crypto Platform

The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform, Currency.com, on July 6. According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to others in connection with the provision of dealer and custody services thanks to the license granted by the GFSC. Jonathan Squires, CEO of Currency.com, gave some insight into the company’s intentions for the license: “Our operations in Gibraltar are part of our commitment to expanding across the globe,…

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Blockchain Prediction Platform Augur Launches V2 on July 28

Blockchain-powered event betting company Augur says that users of its REP cryptocurrency need to migrate their tokens once a new version of the platform is available starting July 28. According to an announcement posted to the platform’s website on June 29, Augur v2 will launch on the Ethereum (ETH) mainnet at the end of next month. This means that REP token holders need to manually migrate their coins to the new version, REPv2. Augur stated that current tokens will be renamed “REPv1” to lessen any confusion. ‘Use it or lose…

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Coinbase Welcomes Compound DeFi to its Platform

Coinbase announced support for COMP, the token of decentralized finance, or DeFi, project, Compound.  “Coinbase customers can now buy, sell, convert, send, receive, or store COMP. COMP will be available for customers in all Coinbase-supported regions, with the exception of New York state,” the exchange said in a June 25 blog post announcement.  The company has listed the token on Coinbase.com, with compatibility for iPhone and Android mobile application usage, the announcement detailed.  Coinbase Pro already listed Compound  Built on Etheruem’s blockchain, Compound offer’s another option for crypto-based lending within…

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KPMG Introduces Cryptocurrency Management Platform

KPMG has launched a cryptocurrency management platform designed to accelerate institutional crypto adoption. KPMG’s patent-pending tool aims to bridge traditional data and crypto systems, integrating key use cases of cryptocurrency, including custody, wallets, and anti-money laundering (AML) transaction monitoring. KPMG’s Crypto Suite KPMG LLP announced on Monday that it has launched a “New platform [that] addresses global regulatory concerns for strong system controls and processes for crypto and digital assets.” Called KPMG Chain Fusion, the new cryptocurrency platform aims “to help manage crypto and traditional assets over public and private…

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CryptoAltum, The CFD Trading Platform With 1:500 Leverage

CryptoAltum, a popular MT5 platform, executes trades using market execution with all trades filled at the best available price in the market. The company uses Fill or Kill orders meaning orders are filled entirely at the best available price, with no partial fills and a 100% execution rate. Fills All Trades Automatically The company fills all trades automatically with no dealing desk intervention. Traders can enter and liquidate positions at any time. The maximum amount of open orders users can have on their accounts include having up to 200 open…

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Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments

The popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be able to pay with bitcoin. The feature will be available after the bitcoin support is incorporated into the company’s payment app on June 22. Ryde has approximately 29,000 drivers, tens of thousands of customers, and millions of trips have been taken since the company started in 2014. The company Ryde is a carpooling service similar to Uber and the company launched in 2014 being the first rideshare platform located in Singapore. The difference between Uber,…

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Binance to Launch UK Trading Platform for Institutional and Retail Investors

Leading cryptocurrency exchange Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors.  With this platform, Binance aims to tap the institutional investment market and meet the rising demand for digital asset investments in this sphere.  Binance is reportedly reviewing 65 digital assets that it plans to list on the exchange at launch. Investors will be able to trade these assets directly against pounds and euros, Reuters reported. Being a regulated exchange, Binance’s trading platform will function under the supervision…

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Blockchain Platform to Track $2.5B Worth of Tea Products

The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference in Kunming, Yunnan.  They will use the platform to conduct quality control, sales, and loan financing operations on 42,000 hectares of farmland across the province. According to Chinanews, the province is famous for its dark, fermented variety of tea. It’s the major Chinese agricultural products exporter, and hit almost…

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Russia’s Central Bank to Launch Blockchain-Powered Digital Mortgage Platform

The Central Bank of Russia is reportedly developing a digital mortgage platform powered by a domestically developed blockchain called Masterchain, local state-owned news agency Ria reported on May 28. According to Olga Skorobogatova, first deputy governor at the central bank, Masterchain has recently started to support digital mortgages, which forms a foundation for the upcoming platform.  The financial institution has already submitted the proposal for its digital mortgage project to the government and the Federal Service for State Registration, Cadastre and Cartography (Rosreestr). Masterchain is reportedly the first blockchain platform…

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Huobi’s Derivatives Platform Rebranded as Huobi Futures to Attract More Investors

Huobi Group has rebranded its cryptocurrency derivatives exchange platform Huobi DM to Huobi Futures. According to the announcement from spokesperson and head of Huobi global business Ciara Sun the new name of the exchange is to signify the growth of the nascent industry into one that is now garnering the interests of both institutional and retail investors. Leveraging the potential of the derivatives market Reports shared by Huobi Group with Cointelegraph show that Huobi’s derivative platform has brought in substantial growth for the company in the first quarter of 2020.…

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