On The Web

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Global

Malawi is about to force businesses to accept digital payments

November 1 2018

• in
• Cryptocurrencies

“Malawi‘s policy makers, through the Reserve Bank of Malawi (RBM) and other stakeholders, are working on a law that will force companies in the country to accept at least one form of digital payment. Interestingly, this announcement comes at a time when mobile money accounts in the Southern Afrikan country have reached 5,1 million (as of August 2018 […]

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Deals

Coinbase raises Series E round of financing to accelerate the adoption of cryptocurrencies

October 30 2018

• in
• Cryptocurrencies

“Today, we’re pleased to announce that Coinbase will add an additional $300 million of investment at a valuation of over $8 billion to accelerate the adoption of cryptocurrencies and digital assets. The Series E equity round is led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others.”

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Systems

Visa CEO: We May Move To Adopt Crypto Assets

October 26 2018

• in
• Cryptocurrencies

“While the CEO’s comments sounded skeptical at best, Kelly added that if crypto assets somehow succeed, he would be open to pushing Visa to “move in that direction,” as the multinational corporation intends to situate itself in the world’s leading financial mediums. However, the traditionalist alluded to the fact that he still isn’t sold on the […]

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Systems

Wirex join forces with i2c to introduce crypto prepaid card in US

October 25 2018

• in
• Cryptocurrencies

“Wirex has partnered with payments processing technology firm i2c to launch a new multiple cryptocurrency-backed prepaid card in the US. Furthermore, cardholders will be able to instantly convert their digital currencies for in-store or online transactions. Cryptocurrencies such as Bitcoin, XRP, Ethereum or Litecoin will be available to convert. The new product also allows cash withdrawal […]

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Global

India considers outlawing cryptocurrency use (but blockchain is still cool)

November 1 2018

• in
• Cryptocurrencies
• India

“It seems India has no intention of slowing down its crusade against cryptocurrencies – but at least, it might be open to experimenting with distributed ledger tech. Following a meeting of the Financial Stability and Development Council (FSDC), the government is contemplating devising an appropriate legal framework to ban the use of cryptocurrency in India – and encourage […]

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Systems

Bank of America Wins Crypto Storage Patent

November 14 2018

• in
• Cryptocurrencies

“The filing, awarded by the U.S. Patent and Trademark Office Tuesday, contends that large companies – specifically enterprise-level institutions – may want to store cryptocurrencies for customers should they see wider adoption.”

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Systems

Ripple Secures More Banking Partners, XRP Holds Second Spot Over Ethereum

November 16 2018

• in
• Cryptocurrencies

“San Francisco based blockchain company Ripple has secured another major banking partner in Asia this week. ASEAN’s fifth largest bank, CIMB Group, as announced that it will join RippleNet in order to utilize the firm’s cross border transfer products. Its XRP token meanwhile has held on to second spot over Ethereum.”

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Systems

Coinbase Adds Privacy-Centric Crypto Zcash to Pro Trading Exchange

November 30 2018

• in
• Cryptocurrencies

“The platform announced Thursday that customers can transfer zcash into its professional trading platform, though as with previous additions, users can not yet purchase the token until the exchange has established enough liquidity. Deposits will be accepted for at least 12 hours after the announcement at 18:00 UTC. When trading is enabled, only Coinbase Pro users in most […]

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Systems

Bitcoin and Ethereum fall to lows not seen since 2017

November 19 2018

• in
• Bitcoin
• Cryptocurrencies
• Ethereum

“Nobody knows why the cryptocurrency market has turned into such a bloodbath—just as no one really knew why cryptocurrencies enjoyed such a spectacular rise a year ago. But it seems likely that one factor is the ongoing turmoil of Bitcoin Cash, the third most valuable decentralized cryptocurrency.”

On The Wires

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Systems

Bitsafe launches the Borderless Basic Payment Account

November 14 2018

• in
• Cryptocurrencies

“During the Fintech Week in San Francisco the Dutch fintech scale-up Bitsafe opened up registrations for its borderless Basic Payment Account to anyone in the world. A Basic Payment Account works just like a local bank account. Bitsafe account holders can make deposits, make payments and withdraw funds. Every Bitsafe account comes with a unique IBAN which […]