Iran Banks Launch Gold-backed Crypto “PayMon”

Iran banks have launched a gold-backed cryptocurrency dubbed PayMon, reports the Financial Tribune. The report claimed that four Iranian banks including Bank Melli, Parsian Bank, Bank Mellat and Bank Pasargad have joined hands with blockchain startup Kuknos for the above-mentioned project. Moreover, it has been reported that a billion PayMon will be issued at the […]

Saudi, UAE Banks Join Cross-Border Crypto Project

A joint digital currency project has been joined by six commercial banks from Saudi Arabia and the United Arab Emirates (UAE), as reported by Saudi Arabian financial news portal Argaam. The UAE central bank (UAECB) stated that the project would utilize cryptocurrency for facilitating transactions between the two nations. This development followed reports in December 2018 that […]

Isle of Man Introduces Sandbox to Promote Blockchain Hub

The Isle of Man has launched a blockchain office as well as a sandbox for the tech set up by the self-governing British dependency to foster the development of an international blockchain hub, as reported by FSTech. The authorities have said that the primary function of the office is “to facilitate a dialogue between businesses […]

Open Access Publisher ScienceMatters Turns to Blockchain

ScienceMatters, a Swiss-based scientific online publishing platform, is now developing a peer review process based on blockchain technology. Plans are currently underway to utilize Eureka, a publishing platform that uses the Ethereum blockchain, which will also enable reviewers of submitted work to be compensated for their efforts with Eureka tokens. The tokens can then be […]

Mt Gox Trustee Allegedly Sold $318 Million Worth of Creditor BTC, BCH

A sell transaction of over USD 318 million has been uncovered, according to leaked screenshots of transactions and order book data shared on of transactions between BitPoint cryptocurrency exchange and Nobuaki Kobayashi, the trustee of now-defunct cryptocurrency exchange Mt Gox. GoxDox is a site that has supported the cause of the victims of the defunct […] Bitcoin Market Analysis 5th February 2019 Bitcoin Market Analysis 5th February 2019

What happened two days after the previous analysis? The buyers and the sellers continued to trade in small volumes. Yesterday’s daily volume was BTC 5,000. In the past, such volume could be normaly traded within an hour. The market seems to be grinding to a stop. At the moment, consolidation in the range of ISD […]

Twitter CEO: Bitcoin Will Be Currency of Internet

CEO and co-founder of Twitter, Jack Dorsey, has reaffirmed his belief that Bitcoin will be the default currency of the internet. His opinion comes during an interview, where he said, “[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet… It is of the […]

Kraken Acquires Crypto Facilities in “Nine-Figure” Deal

Crypto Exchange Kraken Acquires Crypto Facilities In a 'Nine-Figure' Deal

In a report yesterday by news outlet Fortune, San Francisco-based cryptocurrency exchange Kraken made an M&A move towards British trading firm Crypto Facilities in a “nine-figure” deal, a reassuring gesture of the coming of high-profile investors into the crypto space. Recently, Bitcoin News reported on how an expected full-fledged institution uptake has slowed down, most […]

SEC Posts Ad for Big Data of “Most Widely Used” Blockchain Ledgers

The US financial regulator, the Securities and Exchange Commission (SEC), has announced it wants blockchain expert firms that can provide it data on the “most widely used” decentralized ledgers, based on transaction volume. This, according to the regulator, is needed for it to study and “monitor risk and improve compliance” in the cryptocurrency sector. The […]

SWIFT R3 Blockchain Trials: Softening on Decentralization?


SWIFT, the international payment network, has announced the launch of a Proof of Concept (PoC) gateway that will use blockchain technology. SWIFT Chief Announces Trial DLT Integration With #R3 #fintech @IanAllison123 @coindesk @inside_r3 @swiftcommunity #API #blockchain — Spiros Margaris (@SpirosMargaris) January 30, 2019 The step into decentralized technology adoption is being made by allowing […]