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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
Tencent to Take on Ant Financial’s Huabei With Upcoming Credit Payment Product
FinTech
Tencent, the Chinese internet giant, is reportedly cooking up a new credit-based payment product. According to the SCMP, the platform is called Fenfu and it works pretty much like a credit card. The new Fenfu tool will allow users who cannot get a credit card from a bank to have a virtual one via WeChat. In addition, it will grant
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
Apple Launches 3 ‘Groundbreaking’ Health Studies
Healthtech
Apple, the Cupertino-based electronics giant, seems to be blazing trails on the healthtech scene. According to a press release, the company will launch three “unprecedented” medical studies, all done in partnership with leading institutions. The studies will be available on Apple’s new – and free – Research app, “which democratizes how medical research is conducted by bringing together academic medical
Telegram Releases Code for Billion-Dollar Blockchain Platform
Telegram, the encrypted messaging app giant, is reportedly thisclose to launching TON, it’s widely-anticipated blockchain platform. According to CoinDesk, TON is in the final stages of preparation and Telegram has released codes and documents for a testnet version of it on Friday. Developers can now check out a full node, a validator node, and the blockchain explorer. TON, which is