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United States cryptocurrency payments startup Flexa has partnered with crypto exchange Coinsquare to bring in-store digital currency payments to Canada. One of Canada’s top crypto exchanges, Coinsquare, has partnered with United States cryptocurrency payments startup Flexa to bring in-store digital currency payments to Canada. In-store crypto payments in CanadaThe official Twitter account of Canadian cryptocurrency exchange Coinsquare announced on August 13 that the firm partnered with U.S.-based crypto payments startup Flexa. The partnership will reportedly allow the latter company to expand its in-store crypto payment processing services to Canada. Coinsquare noted: “One of the biggest hurdles in mass adoption for crypto is finding a way to let users spend it. We are excited to bring Flexa's solution for this problem to #Canada.” Per the announcement, the exchange will also add Flexa’s spend features to its apps, allowing its users to spend directly from their on-exchange balan..
The Financial Intelligence Unit of South Korea's Financial Services Commission has revealed plans to bring cryptocurrency exchanges under its direct regulation. The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission has revealed plans to bring cryptocurrency exchanges under its direct regulation. On August 7, Business Korea reported on the FIU’s decision to shift away from its current practice of regulating crypto exchanges indirectly by providing administrative guidance to domestic banks. A shift away from indirect regulationIn order to bring crypto exchanges into the country’s regulatory system, an FIU official revealed on Aug. 6 that the South Korean government will introduce a crypto exchange licensing system, as recommended by the Financial Action Task Force (FATF). This will reportedly enhance the transparency of cryptocurrency transactions. At a public hearing held at the National Assembly Member's Office in Seoul, Lee Tae-hoon — wh..
Stellar Lumens News Today – If you’ve been paying attention, you’ll know that the Stellar Lumens XLM token was one of the worst performing tokens this June. This was kind of discouraging when you consider the fact that our Stellar Lumens price prediction in the beginning of the year was extremely bullish. The price of Stellar isn’t just falling against the USD over a 30-day period; it is down on the yearly chart when you compare the opening price on January 2019 to the current price today. So, what will the month of July bring? Will Stellar Lumens price finally recover per our previous Stellar Lumens news or should we expect lower lows? This is what we will consider in our Stellar Lumens news today. Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens Price Forecast – What Will July Bring For XLM? A few months ago, smartereum.com reported that the price of Stellar Lumens XLM was going to surge higher against the USD thanks to its partnership with IBM. You ..
U.S. CFTC chairman Christopher Giancarlo said that the "explosion in interest" in cryptocurrencies will likely lead to new applications for clearinghouses. The United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo said that the "explosion in interest" in cryptocurrencies will likely lead to new applications for clearinghouses. Giancarlo delivered his comments in a speech published on May 1. In his testimony to the House of Representatives Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit in Washington, D.C., Giancarlo said: “The Commission anticipates new applications for clearinghouse registration resulting from the explosion of interest in cryptocurrencies; an area in which protection of the cryptocurrencies will be one of the highest risks.” A clearinghouse is a financial institution that operates as an intermediary between two entities in a financial transaction, ensuring that the entire process goes smoothly, with t..
How Crypto Valley Association is cleaning up its reputation and will promote blockchain technology. It was rumbling in the beginning of February in Swiss Zug. The Crypto Valley Association (CVA) was undergoing a major reorganization. On Thursday, Jan. 31, the General Assembly of the Association elected former Swisscom manager Daniel Haudenschild as president of the CVA and the successor to Oliver Bussmann. The former CVA’s president, Oliver Bussmann, had announced last November — together with the members Vasily Suvorov, René Hüsler and Nicolas Schobinger — not to run for reelection at the General Assembly. The former SAP and UBS manager, who runs a consulting firm in Zug, had been controversial, according to media reports. According to finews.ch, he and other members had been accused of using the organization for personal business. Haudenschild, the new president of the CVA, was — until the end of January — the CEO of the blockchain advisory unit of Swiss state-owned telecommunicati..
DLT-powered games developer Lucid Sight will use a total of $11 million in funding to launch Scarcity Engine later this year. Blockchain games developer Lucid Sight has raised $6 million to expand its digital scarcity-powered games to traditional game platforms, tech news website VentureBeat reports April 2. Los Angeles-based Lucid Sight now has $11 million in funding to expand offerings of its digital ownership games company by bridging the gap between blockchain and traditional gaming. Leading investment bank and wealth management firm Salem Partners participated in the new funding round, as well as crypto and blockchain venture capital funds such as Digital Currency Group and the Galaxy EOS VC Fund. According to the report, the company will use the investment to launch Scarcity Engine, a software developer tool that is designed to introduce Lucid Sight’s blockchain-powered games on gaming platforms such as consoles, PCs and mobile devices. The tool is scheduled to be launched later..
Sam Palmisano says he doesn’t know of a solution that has been found to make public blockchain networks compatible with European data privacy laws. Sam Palmisano — retired IBM chairman and current chairman of United States nonprofit The Center for Global Enterprise — says he doesn’t know of a solution that has been found to make public blockchain networks compatible with European data privacy laws. Palmisano made his remarks during a joint interview for Bloomberg Markets with David Kappos, partner at U.S. law firm Cravath, Swaine & Moore, which was broadcast on the Bloomberg Technology channel on March 4. Palmisano and Kappos focused on the interaction between blockchain innovation and the General Data Protection Regulation (GDPR) — a landmark European Union-wide legal framework for personal data privacy, which took effect in May 2018. Kappos recently co-authored a research paper — in conjunction with multinational law firm Slaughter and May and The Digital Supply Chain Institute — th..
Fundstrat Global Advisors issues its 2019 crypto outlook stating that the major coins will soon recover. New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook on Friday, Feb. 8. The analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies. Tom Lee, Fundstrat’s co-founder and pro-crypto Wall Street analyst, commented on the study in his Twitter. He posted an introduction to the study and infographics that trace key market tendencies from 2017 to now. “We see 9 incremental improvements in the landscape that ultimately support higher prices,” Lee’s tweet states. The preview of the introduction chapter provides a brief assessment of 2018, which, according to Fundstrat, has brought a lot of disappointment. The analysts state that negative headwinds, such as the initial coin offering (ICO) post-hangover, adverse regulatory developments and excessive exuberance have reversed some of crypto’s achieveme..
A Dublin-headquartered startup has teamed up with the Irish Red Cross to use blockchain technology in a new app. A Dublin-headquartered startup has teamed up with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations. The partnership was reported by local daily broadsheet The Irish Times on Dec. 19. The startup, dubbed AID:Tech, is partnering with the Red Cross for use of its consumer-oriented mobile app “TraceDonate,” which has been designed so that donors know exactly how their contributions to charitable causes are being spent. By improving transparency around the distribution of charity, the app aims to boost trust and engagement in social causes. It allows retail or institutional users to donate peer-to-peer to an individual beneficiary, an NGO or to specific charitable appeals. Through the shared ledger, AID:Tech’s partners — including governments, NGOs and development agencies, as well as donors — can monitor transacti..
sponsored A new project from Dubai, HetaChain, is developing a universal blockchain platform with “industrial scale computational capabilities.” The project is intended to make blockchain more easy-to-use and flexible for regular users and developers. HetaChain aims to help governmental services, businesses, and organizations create decentralized applications (DApps) and integrate them into different industries, such as banking, e-commerce, robotics, and healthcare. Solving blockchain issuesThe new Heta Blockchain 3.0 Platform, launched in 2018 by Relam Investment and its founder, Sultan Ali Rashed Lootah, runs a hybrid of the Delegated Proof-of-Stake (DPoS) and a Byzantine fault tolerance (BFT) consensus mechanisms which are designed to bring security to fight against cyberattacks. According to the company, the hybrid consensus algorithm will be able to handle most of the challenges that many blockchain platforms are currently facing. These limitations include issues with security, d..
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