International

As Malta Delays Regulatory Clarity, Fewer Firms Remain on ‘Blockchain Island’

Source Node: https://cointelegraph.com/news/as-malta-delays-regulatory-clarity-fewer-firms-remain-on-blockchain-island
Time Stamp: April 3, 2020 11:31 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by the local government, but the relevant framework has not yet proven to be effective. Meanwhile, the official rhetoric apparently started to shift away from the blockchain sector, as the government now aims to consolidate it with “other niche sectors.”Meanwhile, the Malta Financial Services Authority, continues to pluck out non-registered crypto agents — be

Bithumb Global Launches Margin Trading for Bitcoin and Ether Pairs with Tether

Source Node: https://cointelegraph.com/news/bithumb-global-launches-margin-trading-for-bitcoin-and-ether-pairs-with-tether
Time Stamp: April 3, 2020 8:20 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT).In an announcement published on April 2, the exchange revealed the service would be available on its website and app. It will, however, be restricted for traders living in jurisdictions where margin trading is prohibited or capped — as, for example, with Japan.  Leveraged trading gains traction in the industryMargin trading enables traders to use borrowed funds in order to increase their

Brazilian Regulators Create DLT Platform for Screening Politicians

Source Node: https://cointelegraph.com/news/brazilian-regulators-create-dlt-platform-for-screening-politicians
Time Stamp: April 3, 2020 6:31 AM - Modified On: May 21, 2021 - Published By:
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Four of Brazil’s financial regulatory institutions are collaborating to build a streamlined blockchain-based data-sharing platform to perform background checks on political representatives and corporations.The platform, dubbed PIER, was developed by Brazil’s central bank Banco Central do Brasil (BCB). The platform saw initial participation from the BCB, the Brazilian private insurance superintendent, and the local securities regulator to inform its database. Brazil’s social security supervisor is set to soon participate in the program too. The Brazilian government is also contemplating incorporating data collected by the country’s judiciary, trade boards, and international financial

Stellar Will Give 2.5 Million Lumens To Charities to Help During Crisis

Source Node: https://cointelegraph.com/news/stellar-will-give-25-million-lumens-to-charities-to-help-during-crisis
Time Stamp: April 2, 2020 8:24 PM - Modified On: August 29, 2021 - Published By:
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The Stellar Development Foundation has committed up to 2.5 million Lumens to six non-profit organizations to help out during the coronavirus crisis — and they’re calling on the community to help. The SDF will kick the initiative off by donating 100,000 XLM each to six charities, with the remaining funds used to match community contributions on a one-to-one basis throughout April. Strong balance sheetSDF CEO Denelle Dixon told Cointelegraph the Foundation was lucky enough to be in a strong financial position to be able to help:“We're in the fortunate position of having

How the Pressures of the Coronavirus May Open the Door for Tokenization

Source Node: https://cointelegraph.com/news/how-the-pressures-of-the-coronavirus-may-open-the-door-for-tokenization
Time Stamp: April 2, 2020 2:16 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

The coronavirus pandemic is the only thing on most people’s minds right now around the world.The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and Europe. People remain firmly in quarantine around the world, and consumer demand has fallen off a cliff as people are holed up with only basic necessities.Paired with the awful Purchasing Managers’ Index numbers published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, as well asearly U.S. indicators, we’re about

Binance Set To Launch A Crypto Mining Pool

Source Node: https://insidebitcoins.com/news/binance-set-to-launch-a-crypto-mining-pool/256185
Time Stamp: April 2, 2020 6:53 AM - Modified On: August 29, 2021 - Published By:
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Binance, one of the world’s top crypto-asset exchanges, has announced that it will further expand its offerings in the crypto finance industry. They will do so through the launch of a new mining pool service.Hiring Professional HelpThe news came out on Wednesday by none other than Binance’s CEO and founder, Changpeng Zhao. Zhao, nicknamed CZ, made the announcement on Twitter that Binance will have mining pools as an addition to its already impressive finance suite, which includes saving, earning, staking, and loans already.As it stands now, Binance has reportedly hired

Indian Cryptocurrency Exchange to Expand Internationally

Source Node: https://insidebitcoins.com/news/indian-cryptocurrency-exchange-to-expand-internationally/256161
Time Stamp: April 1, 2020 11:27 PM - Modified On: August 29, 2021 - Published By:
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An Indian cryptocurrency exchange, BuyUcoin, has just received a license to expand internationally, according to a report from Business Standard.Apparently, the platform received what is called a crypto trade and wallet license from Estonia. Based in Delhi, BuyUcoin will only expand to countries with a clear regulation for cryptocurrencies.Speaking on the matter is BuyUcoin CEO and a co-founder of the project, Shivam Thakral:“The incredible judgment will lead to economic growth, job creation, investment opportunities along with overall mass adoption for blockchain and cryptocurrency-based products and services. At BuyUcoin, we strive