Blockchain 

Bithumb Exchange to Launch Cryptocurrency Listing Committee

South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform. A monthly check by experts South Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation Committee, will review the exchange’s listings once a month, per the report.  The committee will reportedly take into consideration daily trading volume, change in base market capitalization and project support among other factors. Cryptocurrencies that fail to meet the…

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Bitcoin 

Deribit and Paradigm Launch Crypto Derivatives Block Trading

Dutch crypto derivatives exchange Deribit launched a block trading solution in partnership with American trading communication platform Paradigm. World’s first block trading tool for crypto derivatives The institutional block trading solution is reportedly the first one of its kind offered by a crypto-derivatives exchange, the firms said in a press release shared with Cointelegraph on Aug. 22. The new block trading solution intends to enable institutions to directly negotiate crypto-derivative trades via chat on Paradigm, while agreed information is automatically directed to Deribit for execution and clearing.  What are block…

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Ethereum 

Binance to Launch US Platform Soon, Helped by a Little-Known Partner

Binance is expected to launch its upcoming exchange platform in the United States by the end of the year, with the company’s executive estimating that the platform will launch within “a month or two.” In the interview, Changpeng Zhao (aka CZ), the CEO of Binance, predicted the launch despite acknowledging that many things are still “in flux” regarding the platform’s planned operations in the U.S.  CZ noted that the U.S. has historically enacted “very clear regulations” regarding financial technology, adding his expectation that despite current “uncertainties in the regulatory space,”…

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Blockchain 

Facebook-owned WhatsApp Looks to Launch Digital Payments in Indonesia

Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia.  Reuters reported that they had learned of this development from anonymous sources on Aug. 20. According to the report, WhatsApp is currently negotiating with transportation booking service Go-Jek, mobile payments provider DANA, fintech startup OVO and state-owned Bank Mandiri. Bank Mindri operates a digital wallet service, per the report.  WhatsApp’s plan for Indonesia is to support payments through digital wallets in the region,…

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Ethereum 

Iran Crypto Devs Launch Platform for Flood Victims in Light of US Sanctions

Volunteer cryptocurrency developers in Iran have created a blockchain platform called IranRescueBit, which allows people to make charitable cryptocurrency donations to aid regions in the country in recovering from destructive flooding. Al Jazeera shared the news in a report on Aug. 14. According to the report, the platform supports donations in Bitcoin (BTC), Ether (ETH) and Litecoin (LTC). The government is reportedly not involved in the project. IranRescueBit reportedly allows donors to dodge American sanctions that have insofar prohibited international donations to the Iranian Red Crescent Society, which is a…

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Blockchain 

Korea Exchange Affiliate Koscom to Launch DLT Platform for Unlisted Shares

South Korea’s state-backed financial IT firm Koscom will develop a blockchain-powered platform for trading unlisted securities. Koscom to launch blockchain-based unlisted shares trading service in H2 2019 Launched by South Korea’s Ministry of Finance and primarily backed by the Korea Exchange, Koscom plans to launch its blockchain-based platform for unlisted securities in the second half of 2019, local newspaper The Chosun Ilbo reported on Aug. 6. According to the report, the initiative six local companies and organizations are participating in the initiative, including Koscom, KEB Hana Bank, Hana Financial Investment,…

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Blockchain 

Dubai to Launch KYC-Focused Blockchain Consortium for Businesses in 2020

A new partnership between the Dubai International Financial Centre (DIFC), Mashreq Bank, and fintech firm Norbloc aims to launch a blockchain-based Know Your Customer (KYC) data-sharing consortium in 2020. The official UAE news agency, Emirates News Agency, reported on the new development on July 31. The DIFC, Mashreq Bank and Norbloc — a Stockholm-based blockchain project focused on KYC and a member of the Hyperledger consortium — are planning to jointly launch the consortium in the first quarter of 2020 to support businesses in Dubai. As part of the project,…

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Blockchain 

Facebook Warns Investors That Libra Stablecoin May Never Launch

Facebook has warned its investors that its Libra stablecoin may never be released, CNBC reports on July 29. Engaging with regulator “critical to Libra’s success” Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.  CNBC also reported that a Facebook spokesperson told the outlet on Monday that: “Engaging…

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Bitcoin 

Bakkt to Launch in Q3, Pending NY Financial Department Approval

Bakkt, a Bitcoin (BTC) futures platform still in development, is purportedly closing in on a Q3 launch date. An anonymous source close to the company reportedly shared this information with blockchain and crypto news publication The Block, according to a report on July 26. However, The Block says it has received a copy of a slide-deck indicating that Bakkt still needs the New York Department of Financial Services (NYDFS) to approve its warehousing service — the company’s proposed cold storage solution for safely storing private keys. According to the report,…

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Blockchain 

Huobi to Launch Regulated Thailand-Based Crypto Exchange in Q3 2019

Huobi’s Thailand-based subsidiary has sealed the country’s fifth official license to operate a fully-regulated digital asset exchange. An official July 24 announcement from Huobi Group —the operator of Singapore-based flagship exchange Huobi Global — revealed that Huobi Thailand is expected to launch in Q3 2019, offering both regulated crypto-crypto trading and fiat on-ramps.  Global expansion Huobi Thailand will use Huobi Group’s Huobi Cloud platform — a product launched in the summer of last year to facilitate the construction of digital asset exchanges on the basis of Huobi’s existing platform.  The…

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