Crypto Crew

Bakkt  a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a bunch of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt chief executive officer Kelly Loeffler declared that Boston Consulting group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, PayU, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. Loeffler said:  Our work today is centered on driving institutional access for digital assets, along with merchant and consumer uses, and we’re already expanding on this vision, collaborating with great companies like Starbucks in these efforts. Not All regarding the Bitcoin value...

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The National Bank of Kuwait has launched a product they’re calling “NBK Direct Remit,” a blockchain-based product that uses RippleNet for cross-border payments from within the middle eastern nation. The initial launch of the product only supports payments to near  Jordan, however they will launch in a minimum of 15 more countries shortly. According to the bank’s website, this product will facilitate preserve NBK’s dominance as the country’s primary method of moving money: Focused on digital transformation, NBK has antecedently launched successful and innovative products that serve completely different segments, as well as the NBK tap & Pay, QuickPay, NBK SelfiePay, cardless cash withdrawal, Biometric Cards, in addition to the continuous enhancements to the NBK Mobile Banking App and different services that create our customer’s banking experience a pleasant one. Mainstream integration of blockchain technology may be returning at a vital time for Kuwait, who last year ...

In an exclusive interview with news.Bitcoin.com, Japan’s prime financial regulator has confirmed the number of companies presently eager to enter the japanese cryptocurrency market. Meanwhile, many existing crypto exchanges in the country are undergoing changes. Over 190 Firms Want In Japan's Financial Services Agency (FSA) confirmed to news.Bitcoin.com on Wednesday the number of companies so far that have expressed interest to register as cryptocurrency operators. The FSA said: This number is 30 additional companies than the previous count the agency disclosed in August. At that time, the FSA said that 160 operators had expressed intention to enter the japanese cryptocurrency market. While the FSA didn't discuss specific applications, some companies have created announcements themselves concerning their plans to begin crypto-related businesses. Among them are Line corp., Yahoo! Japan, money Forward inc., Drecom Co. Ltd., Yamane Medical corp., Adways Inc., Avex Inc....

The Indian government may probably legalize cryptocurrencies, but with tough terms and conditions attached, a news report suggests. According to a new Indian express article published Wednesday, an interdisciplinary committee set up by the govt. to research cryptocurrencies, isn't in favor of an outright ban. An anonymous senior official who attended the committee’s meetings told the newspaper: “We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalized with strong riders. Deliberations are on.” The government set up the committee in April 2017 with the remit of examining the present legal framework related to digital currencies and suggesting new measures to cater to the technology, including addressing problems around consumer protection and money laundering. Members include representatives from government departments for the economy and taxation, as well as the central bank an...

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The Bison App developed by Sowa Labs, a wholly-owned fintech subsidiary of Börse Stuttgart, the second largest stock exchange in Germany has announced plans to launch a cryptocurrency exchange platform with initial support for Bitcoin, XRP, Ethereum and Litecoin. creating the announcement in a post on its official Twitter account, bison App disclosed that the new service can get into its exclusive beta testing section sometime in January 2019 in what will be a significant move for a platform owned  by Europe’s ninth-largest stock exchange. Game Changer For Crypto trading in Europe? In April, CCN reported that Sowa Labs disclosed the bison app was developed to rival Robinhood by providing fee-free trading to users. At the time, it was represented by Sowa Labs managing director Ulli Spankowski as “the first crypto app in the world to be backed by a traditional stock exchange.” At that time, the release date for the app was set for sometime in September, however a number of d...

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After the high note with that crypto ended 2017, 2018 has been a dour reminder that crypto markets stay unpredictable at best. From its peak at nearly $20,000 in December, bitcoin spent most of 2018 in a steady decline. Today, bitcoin’s worth is nearer to $3,000, and therefore the tumble has caused a ripple impact that has affected each stakeholder in the market. Crypto miners, who depend on the worth of bitcoin and alternative cryptocurrencies to stay high enough to remain profitable, are currently left holding the bag in additional ways than one: pricy mining rigs and GPUs price thousands, and the bitcoin they’ve mined  with these tools. currently that costs have remained solidly below break-even rates for many months, miners must reflect on whether they will continue bankrolling increasingly expensive operations or they should simply cut their losses and run. However  the easy cost of building these rigs—from buying and replacing components to procuring good enough ...

Some people think that the cryptocurrency phase won't last long, while some believe they're likely to be around forever. Nearly everybody can create an organization and supply new crypto that may impress geeks. The close of the year is coming fast. If you don't, then I suggest that you stay away from it. There are now more than 1500 unique cryptocurrencies, all created in under 5 decades. These days, the world is experiencing the ICO mania. The price of Bitcoin changes a lot every single day, and it has seen many highs and lows throughout the last few decades. Your predictions might not be right each time. There are essentially two methods to enter the marketplace. The major benefit to short-term investments is that you could earn a fortune in a quick quantity of time they've made a good deal of people rich quickly. The main reason is that almost all of the investors are realizing its potential in the approaching months. Cryptocurrency investments aren't feasi...

According to sources, Facebook is developing a cryptocurrency that might enable cash transfers to be done through its messaging app WhatsApp. As expressed in the publication by Bloomberg, the company is functioning on a stablecoin pegged to the US dollar to reduce volatility. Unfortunately for Facebook, the wave of exposed privacy breaches and violations that were initiated with the Cambridge Analytica scandal isn't yet over. A recent report from The NYT disclosed hidden arrangements between the company and select few massive companies, ranging from your friends’ contact information all the way down to some of the most private data — your personal messages. Facebook Cryptocurrency could come sooner than we expect As recently reported by CCN, Facebook Blockchain has ramped up hiring of blockchain developers. As of now, over 40 individuals will be found in LinkedIn once you look for Facebook workers with the term “Blockchain.” Another report by The Block disclosed that, b...

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