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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
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
Binance to Launch NYDFS-Approved Dollar-Pegged Stablecoin
Binance , the world’s largest cryptocurrency exchange by trading volume, has announced that it will be launching a dollar-denominated stablecoin The cryptocurrency, called BUSD for Binance USD, will be launched in partnership with Paxos, a regulated financial institution, and comes complete with the blessing of the New York State Department of Financial Services (NYDFS). Rich Teo, Paxos co-founder and CEO
Jack Dorsey: Bitcoin ‘Not Functional as a Currency’
One of bitcoin’s biggest advocates had some interesting words to say about the popular cryptocurrency. Citing the Australian Financial Review (AFR), the Coin Telegraph reports that Twitter CEO Jack Dorsey does not believe bitcoin can function as a currency. Dorsey apparently told the AFR that while he believes bitcoin will continue to be widely adopted, he feels that “it's not
Franklin Templeton Launches Money Market Fund, Blockchain Style
Here’s something interesting, American asset management giant Franklin Templeton is launching a government money market fund – and it wants it on the blockchain. The fund will be called the Franklin Blockchain Enabled U.S. Government Money Fund, and per its prospectus, it will invest “at least 99.5% of its total assets in Government securities, cash and repurchase agreements collateralized fully
HSBC Completes First Blockchain-Based Letter of Credit Denominated in Yuan
Banking giant HSBC has carried out a blockchain-based letter of credit transaction denominated in Chinese yuan, Reuters reports. The letter of credit involved Hong Kong-based MTC Electronics exporting a shipment of LCD parts and panels to its parent company, Shenzhen MTC, across the border. The transaction was reportedly done in 24 hours, a fraction of the five to 10 days
Alan Howard Eyes $1 Billion Cryptocurrency Fund
Alan Howard, the man behind the hugely successful macro fund, Brevan Howard, is looking to launch a $1 billion fund of crypto funds. According to the Coin Telegraph, Elwood Asset Management, a digital asset management firm wholly owned by Howard, is looking to lure institutional investors into the crypto space by making something similar to a fund of funds. Like
Manny Pacquiao Launches World’s First Celebrity Cryptocurrency
Philippine boxing champion Manny Pacquiao has launched the world’s first celebrity cryptocurrency, according to the South China Morning Post. Pacquiao’s “Pac” token, which allows fans to buy his merchandise and interact with him via social media, was launched at the boxer-slash-politician-slash-singer’s debut concert in Manila on Sunday. It will be listed on Singapore’s Global Crypto Offering Exchange (GCOX) and it
Japan’s SBI Holdings to Reward Shareholders With XRP
Japanese financial giant SBI Holdings has announced that it will be rewarding shareholders with Ripple’s XRP, the world’s third-largest cryptocurrency by market cap. According to The Block, the reward is part of an interim shareholder benefits program which is open to shareholders with 100 or more shares in the company. Eligible shareholders will receive 30 XRP coins, currently valued at