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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