Binance Off To Flying Start In Uganda With 40,000 Users In First Week
Binance has stepped into Uganda with a flourish as 40,000 new users signed up to the exchange in the hope of bypassing the Ugandan Shilling (UGX). Many citizens of African countries are unbanked, either by choice or due to complicated prohibitive rules which make it hard to open an account. Uganda is no different, with […]
Ethereum Gets A Thumbs Up From JP Morgan
The Australian Financial Review reports that JP Morgan has given Ethereum a solid thumbs up with its commitment to Quorum. Described by JP Morgan as “an enterprise-focused version of Ethereum” Quorum continues to find favor with the bank, according to the head of blockchain initiatives. Umar Farooq has been praising its use for tokenizing gold […]
UK Crypto to Flourish Despite Brexit Fears, Say Experts
Experts in the UK have indicated that Brexit augurs well for cryptocurrency regardless of concerns about the direction of Britain’s economy after March 2019. UK Chancellor Philip Hammond’s August forecast that the UK could see an 87.7 percent hit to GDP and a £80 billion black hole in public finances in a no-deal scenario holds […]
SEC Shuts Down More Than 12 ICOs in One Year
The US Securities and Exchange Commission (SEC) has continued its crackdown on Initial Coin Offerings (ICOs) and claimed to have shut down more than a dozen of them in the last fiscal year alone. The last fiscal year ended on September 30 of this year and it appears that the watchdog is not ready to […]
European Parliamentarian Says DLT ”Provides More Security”
Member of the European Parliament (MEP) and Maltese government official Roberta Metsola, has stated that decentralization via distributed ledger technology (DLT) is a more secure option than centralized models. Speaking at the Malta Blockchain Summit on 2 November 2018, Metsola stated that European officials should make it their duty to inform citizens of this fact, saying that blockchain’s […]
Paxful P2P Claims Africa Has the Largest Bitcoin Trade Volume
Cryptocurrency is finding its feet in Africa, as US-based P2P crypto marketplace Paxful is finding out this year with transaction numbers rocketing. Paxful Inc. operates a peer-to-peer payment logistics platform which focuses on buying and selling of bitcoins. The company has just returned with impressive numbers after its leadership team visited Africa to assess its […]
Azerbaijan Plans to Solve Legal Crisis with Smart Contract Reform
Azerbaijan has revealed its plans to use blockchain technology to improve the efficiency of the country’s legal system a well as in the housing and utilities sector. In particular, smart contracts will be rolled out. According to local reports, the initiative of the Azerbaijani justice ministry was outlined in a meeting earlier this week that included a […]
BlackRock Waiting for Market ”Legitimacy” to Launch Crypto ETF
The largest asset manager in the world, BlackRock, has said that any plans to launch a cryptocurrency exchange traded fund (ETF) will be put on hold until the market matures. BlackRock CEO Larry Fink featured on CNBC Thursday, where he shared, “I wouldn’t say never, when it’s legitimate, yes.” While a number of Bitcoin ETFs have […]
John McAfee Says Presidential Run Solely for Promoting Crypto
Computer programmer and businessman John McAfee has said he has no expectations or desire to win the US presidential election of which he is a candidate. Instead, he is running solely to promote permissionless cryptocurrency. In an interview with Cointelegraph, McAfee said he would be campaigning on a libertarian platform, as he did in the 2016 election. […]
North America: Crypto and Blockchain News Roundup, 26th October to 1st November 2018
North America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. USA First Bitcoin ATM operator given Bitlicense: Coinsource, a Bitcoin ATM operator with more than 192 ATMs has become the first such company […]
