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Newly launched Belarus-based platform will allow traders to buy shares and other traditional assets with digital currencies. Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15. The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet commented on the launch of the platform, but it was covered by the state news agency BelTa. The platform will allow traders to buy shares, precious metals, foreign exchange and other traditional assets from Belarus, as well as from other countries, with cryptocurrencies. Since its launch, the platform has reportedly issued 150 different types of tokens, with each corresponding to a traditional financial instrument. The company expects to eventually grow this number to 10,000. According to the Reuters’ article, the government of Belarus has exempted transactions ..
LedgerX has launched its first Bitcoin (BTC) price volatility index LXVX. LedgerX has launched its first Bitcoin (BTC) price volatility index. The launch of LedgerX Volatility Index (LXVX) was revealed to Cointelegraph by the company’s spokesperson on Jan. 14. LedgerX is a cryptocurrency asset manager regulated by the United States Commodity Futures Trading Commission (CFTC). The official press release shared with Cointelegraph explains how the index is formed: “The LXVX incorporates the level of fear and uncertainty in the bitcoin market, and thus can be thought of as the "bitcoin fear index," in the same way the VIX is commonly referred to as a stock market fear index by market commentators.” According to the press release, the company will draw the data for LXVX from the Bitcoin options product that it already offers to its customers. LedgerX’s COO Juthica Chou has said that the new index can help traders and investors monitor risk. Chou also noted that LXVX is currently down by ab..
Major Swiss investment bank Vontobel has launched a digital assets’ custodial service for banks and asset managers Switzerland’s major private investment bank Vontobel has launched a crypto custody solution targeting banks and asset managers, according to an official press release published on Jan. 14. Zurich-based Vontobel bank is reportedly the third largest financial custody provider in Switzerland, with 110.3 billion CHF ($112.2 billion) in assets under its actively developing Asset Management tool, according to the company’s financial report in 2017. With the launch of the new digital assets custodian solution named Digital Asset Vault, the private bank claims to be the first bank in the world to comply with standards required by both industry regulators and financial intermediaries. The new tool allows banks and asset managers to offer their clients a number of crypto-related services including digital assets purchases, transfers and storage. According to the announcement, Vonto..
Crypto exchange Seed CX, a Chicago-based platform targeting institutional clients, has launched a new digital asset wallet solution with on-chain settlement. Crypto exchange Seed CX — a Chicago-based licensed platform targeting institutional clients — has launched a digital asset wallet solution with on-chain settlement, according to a press release published Jan. 10. Seed CX has reportedly developed the new wallet solution together with its settlement subsidiary, Zero Hash — a crypto and fiat currency custodian providing on-chain settlement services. Zero Hash reportedly has FinCEN’s regulatory approval to operate as a money transmitter across 25 American states, and is also under review for a prospective BitLicense from the New York State Department of Financial Services (NYDFS). As the press release outlines, Seed CX platform users will each be assigned a unique, segregated wallet, which the company argues is more secure than existing multi-user, omnibus wallet solutions offered b..
A new blockchain-powered platform, backed by Alipay’s blockchain technology, will deliver cross-border remittance service between Pakistan Malaysia. The Pakistan-based subsidiary of global telecommunications giant Telenor has launched a blockchain-powered cross-border remittance service, according to a press release published Jan. 8. Per the announcement, the Pakistan-based Telenor Microfinance Bank (TMB), Valyou — a Malaysian fintech subsidiary of Telenor — and Telenor’s Easypaisa have jointly launched a blockchain-based international remittance service in Pakistan. The service is reportedly powered by blockchain technology developed by Ant Financial’s online payment platform, Alipay. The new service is reportedly geared to significantly increase the speed and efficiency of remittances between Malaysia and Pakistan. Pakistan currently receives about $1 billion in home remittances from Malaysia, according to the Senior Vice President of Telenor Financial Services. The remittance servi..
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. New York – January 4, 2019 – BANKEX, the premier provider of tokenization and securitization services for asset owners and financial institutions, has appointed Davidson & Co to perform a review of its financial statements in preparation for BANKEX’ securities private placement. A FinTech pioneer, BANKEX operates the Proof-of-Asset Protocol to bring Banking-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization & exchange of traditional assets, ushering in a new era for finance and banking: Securitization 2.0. Davidson & Co offers a full range of auditing, tax, valuation, and privat..
The Chilean Treasury has launched blockchain platform to connect taxpayers, public institutions and banks. The Chilean General Treasury of the Republic (TGR), which oversees tax collection in the country, has launched a blockchain platform to process payments, according to a press release published Dec. 19. TGR — a dependent institution under the Ministry of Finance — reportedly first met with the Digital Government Division of the Ministry General Secretariat of the Presidency of Chile to discuss the pilot in October, 2018. At that time, officials announced they would create a blockchain platform to connect citizens, financial intermediaries and suppliers. According to the December statement, the pilot for the platform has now been launched. The platform stores transactions that are processed by Chilean public institutions — such tax payments or patent fees — on blockchain. Before recording the transaction, all nodes participating in the process are obliged to approve it. TGR reports..
Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), that can be exchanged between users to optimize their network speed and attain faster downloads. Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), based on the TRON protocol, according to a press release shared with Cointelegraph Jan. 3. The token can be exchanged between users to optimize their network speed and attain faster downloads, according to the press release. BitTorrent’s first full-fledged move to begin to tokenize its content sharing ecosystem — which reportedly serves over 100 million users — comes around six months after the company was acquired by decentralized internet startup TRON for an undisclosed amount. BTT tokens, which are to be issued by the BitTorrent Foundation, feature native TRC-10 compatibility — meaning they adhere to a technical token standard supported by the TRON blockchain. BTT will reportedly be exclusively available to non-United..
This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Kryptono is pleased to announce it has launched its first smartphone app named FIATO and says it is ready for public use. About FIATO The app, meant as a mobile complement to Kryptono Exchange, will empower Kryptono account holders with total control of their crypto assets as well as exclusive access to convenient crypto/fiat transfers. This wallet is another accomplishment for the company as it supports Kryptono’s vision of facilitating real-world adoption of crypto to the masses via blockchain technology. Changing times with handling digital assets Every day, a large number of people are becoming more aware of the importance of peer to peer transactions. And while the concept of peer to peer isn’t novel, digital wallets are becoming a powerful tool for exchanging digital assets using blockchain technology. This growi..
The National Bank of Kuwait has launched a remittance product for cross-border live payments based on RippleNet’s blockchain technology. The National Bank of Kuwait (NBK) has launched a cross-border remittance product based on RippleNet’s blockchain technology, according to an announcement published Dec. 27. Established in 1952, the NBK is the largest financial institution in terms of assets in Kuwait. Per the bank’s 2017 annual report, the NBK has over $86.3 billion in total assets. The NBK has reportedly become the first financial establishment in Kuwait to implement a remittance product — “NBK Direct Remit” — for international live payments based on RippleNet’s blockchain technology. The product will purportedly speed up cross-border money transfers. Dimitrios Kokosioulis, the deputy CEO of group operations and technology, said that the blockchain-based solution allows the bank’s customers to “make money transfers within seconds” and “anytime of the day.” Kokosioulis added that the..