By CCN.com: UAE and Saudi Arabia — two countries that have the world's second-largest combined sovereign wealth funds — have launched their pilot cryptocurrency. According to UAE's official news agency, Emirates News Agency, the Saudi-Emirati cryptocurrency is one of the seven initiatives that will be implemented in both countries. Saudi-Emirati Cryptocurrency Restricted to Banks Only Formed in...
Currency.com, allegedly world's first regulated tokenized securities exchange, has officially launched. It will allow users to purchase traditional assets with cryptocurrencies such as Bitcoin and Ethereum. When that is said, Dx.exchange was launched on January 7th offering much of the same services as Currency.com. The exchange is offering 50 Euros to the first 2,500 people on its waiting list...
Cryptopia, a New Zealand-based crypto exchange, was hacked this week, suffering "significant losses" as a result of the breach. Crypto Exchange Cryptopia Hit by Hackers On January 14, Cryptopia tweeted that the exchange was going through "unscheduled maintenance." For the next twelve hours, the exchange continued to assure users that its team was trying to resolve the issue. However, customers...
Simon Morris, former Chief Strategy Officer at BitTorrent, believes that TRON won't be able to manage BitTorrent's high rate of transactions. His statement comes only a few days after TRON announced that it was going to launch BitTorrent crypto tokens on Binance Launchpad. In an interview with blockchain magazine BREAKER, Morris said that the network would likely continue the tokenization process...
Amazon's market cap surged past Microsoft and Apple as AMZN shares reached $1,629.51 today, a 3.44% increase. It is now the largest U.S. listed company by market capitalization. Amazon has a market cap of $796.78 billion, followed by Microsoft's $783.57 billion, and Apple's $701.99 billion. Amazon and Netflix Outshone the Rest of FAANG in 2018 The majority of the FAANG stocks, including Facebook...
Binance's cryptocurrency token creation platform Binance LaunchPad will introduce a minimum of one token to its users every month in this year, as revealed by the world's largest crypto exchange today. The first projects that will be launched in this initiative include the TRON-affiliated BitTorrent and Fetch.AI. Crypto Giant Binance to Help BitTorrent with Token Launch Binance offers two...
FinExpertiza, a network of Russian auditing and consulting firms, has lambasted Bitcoin as the least profitable investment instrument in 2018. Russian newspaper Rossiyskaya Gazeta requested a report on the investment ranking of 14 instruments from FinExpertiza. While precious metal palladium turned out to be the most profitable investment, Bitcoin losses were noted to be 71.15% at the time the...
Commenting on the importance of regulation in the technology sector, Brad Garlinghouse, CEO of Ripple, said that introducing regulations will lead to blockchain and cryptocurrency adoption. Garlinghouse made these remarks while talking to the Deputy General Counsel, Ross Leckow, of the International Monetary Fund (IMF) at the Singapore Fintech Festival. The topic of their discussion revolved...