Cuban President Miguel Díaz-Canel has announced a plan to use cryptocurrencies to boost his country’s ailing economy. The proposal is part of a series of measures that aims to improve Cuba’s ongoing financial crisis, which has gotten worse due to sanctions imposed by the United...
ANZ, Commonwealth Bank, IBM, Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new digital platform using blockchain technology to digitize the bank guarantee process needed for retail property leases. While bank guarantees have primarily been issued...
The U.K.’s Financial Conduct Authority (FCA) has proposed a ban on retail cryptocurrency sales. The FCA explained that the products are a risk to consumers because cryptos’ value and risks cannot be reliably assessed due to extreme volatility, market abuse and financial crime, among other...
BAM Trading Services has announced that Catherine Coley is its new CEO. BAM will be the operator of Binance.US, the digital asset marketplace launched with Binance. Most recently, Coley served as Head of XRP Institutional Liquidity at Ripple. As the CEO of BAM, she will...
Dutch ministers have revealed plans to regulate cryptocurrencies in order to prevent money laundering in the country. Minister of Finance Wopke Hoekstra and Ferdinand Grapperhaus, Minister of Justice and Security, sent a note to Parliament on Monday (July 1) explaining a three-part approach to limit...
New data shows that illegal bitcoin purchases are expected to hit more than $1 billion this year, which will be a new record. According to a report by Chainalysis, around $515 million of bitcoin has already been spent this year on the dark web. The...
The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. According to the new Smarter Payments Tracker, cross-border business-to-business (B2B) payments generated...
Haiti has seen a blockchain boom. In agriculture, AgriLedger, founded by Haitian entrepreneur Genevieve Leveille, will launch this year to transform the food supply chain landscape. Another initiative, the Blockchain Cotton Project (BCP), is set to help the country produce millions of pounds in cotton....
Game streaming platform Twitch, which is owned by Amazon, has reportedly reinstated bitcoin and bitcoin cash (BCH) payments again. The platform had removed the two digital currencies as payment options for subscriptions in March when it got rid of Bitpay, according to Cointelegraph. But now...
