Ripple Use Is Growing, But Major Challenges Loom For The Platform and Investors

Ripple continues to expand its services, and focus on its core mission of becoming a blockchain-based protocol for fiat transfers. There is no longer any doubt that it can perform this function vastly better than the archaic SWIFT Network that it seeks to replace, and more banks continue to adopt it. Nevertheless, the XRP coin,…

ByTrevor SmithAugust 31, 20190Comments

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Philippines’ Largest Bank, UnionBank, Launches its Own Cryptocurrency

UnionBank has released a digital currency dubbed PHX. According to the Philippine Star, the Bank will use the Stable coin to carry out transactions via blockchain. Aside from being the biggest bank in the Philippines, the financial establishment is now the first in the archipelagic country to develop a cryptocurrency. The bank joins other top financial…

ByGrace MuthoniAugust 29, 20190Comments

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Facebook’s Libra aims to Shakeup the E-commerce Industry

Facebook recently declared its plans to join the digital market by 2020. The move which has about twelve countries on board will see the tech giant create its own online currency named Libra. The Global coin is already ahead of other cryptocurrencies such as Ethereum and Ripple among others. But the currency must overcome a number…

ByGrace MuthoniAugust 27, 20190Comments

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Privacy Coins Creating Unique Challenges, Courting Controversy

Crypto advocates have long asserted that anonymity is one of the most promising elements of distributed ledger technology. This issue is becoming far more significant as governments and regulators are now beginning to give serious examination to the blockchain space. What some see as one of the greatest strengths of cryptocurrency others consider both a…

ByTrevor SmithAugust 25, 20190Comments

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Fervent Push for Regulatory Approval by STO Issuers

The crypto industry is making great strides in establishing Security Token Offerings (STOs) as a secure fundraising method. With the market’s attention diverted to the first-ever SEC-supported STO, and the U.S. Securities and Exchange Commission (SEC) pledging “plain English” directives on ICOs, 2019 could finally see security tokens used as fundraising tools. In 2018, the digital…

ByGrace MuthoniAugust 23, 20190Comments

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Hong Kong Protests Are Now Deeply Connected To Crypto Adoption And Use

The protests in Hong Kong, which have been taking place since late March, now represent the most significant domestic disturbance in China in thirty years. Fearing government reprisals, protesters are employing a wide variety of methods to evade the sophisticated surveillance techniques the authorities are believed to be using. These include wearing masks to block…

ByTrevor SmithAugust 21, 20190Comments

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Spanish Police Hits Hard on Bitcoin ATMs After Being Used to Fund Drug Traffickers

In the mid of July 2019, Bloomberg published a stunning report which indicated that Spanish LEAs are quite concerned regarding the fraudulent use of Bitcoin ATMs. To be very specific, the local forces pointed out an array of glitches in Europe’s AML provisions, which ultimately facilitate the people from the underworld to carry out their…

ByAzeem SaifiAugust 19, 20190Comments

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IBM Continues To Develop Blockchain Projects, Yet Major Challenges Remain For The Tech Giant

It is no secret that for the past several years most major technology companies have been researching blockchain systems, with many looking for a pathway to enter and profit from the space. IBM has clearly been at the forefront of this movement, with a myriad of blockchain projects under development, and partnerships with institutions seeking…

ByTrevor SmithAugust 16, 20190Comments

Iran Officially Legalizes Crypto Mining

The Iranian government recently approved digital coin mining. The announcement which was made on July 2019 by the country’s Economic Commission, has prompted authorities to find ways to control crypto mining within its current legal structures. Thanks to the country’s reduced electricity costs, mining has been thriving even before it was officially legalized. Mining Electricity Costs A…

ByGrace MuthoniAugust 14, 20190Comments

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Updated Rules by the Financial Industry Regulatory Authority (FINRA)

The United States Financial Industry Regulatory Authority (FINRA) has extended the deadline for companies to report their cryptocurrency ventures. The regulatory notice comes at a time when all eyes are set on Libra, Facebook’s crypto initiative. The initial deadline was July 31,2019 but has since been moved to a similar date next year. Despite the growing…

ByGrace MuthoniAugust 12, 20190Comments