Category: finance

iSTOX to Launch Digitized Securities Trading Platform in Singapore

According to a report from The Straits Time, May 24, 2019, Singapore-based capital market platform iSTOX has been added to the Fintech Regulatory Sandbox of the Monetary Authority of Singapore (MAS). The platform is expected to service digitized securities trading from the fourth quarter of 2019. Regulated Capital Markets Platform […]

Coinbase’s Crypto Payment Portal Hits Milestone: Adoption Is Happening

Coinbase Commerce Hits $50 Million In Processed Transactions According to a recent report from CoinDesk, Coinbase Commerce, the crypto startup’s application for merchants and online retailers, has recently surpassed $50 million in processed transactions. Speaking to the outlet, the facet of Coinbase has seen volume pick up through Q2 of […]

Maltese Government Awards 19 Blockchain Scholarships Using DLT Fund

The Maltese government has awarded 19 students blockchain scholarships worth a total of 160,000 euro ($179,000), local publication the Malta Independent reports May 23. The scholarships were granted by Silvio Schembri, Parliamentary Secretary for Financial Services, Digital Economy and Innovation, using the $351,000 scholarship fund that was set up by […]

Early Backers of Cryptocurrency Startup in Line for Mega Payday

PayPal’s Peter Thiel and other early backers are in line to receive returns of more than 6,500 percent for their initial investments, Bloomberg reports. The cryptocurrency startup is looking to buy back ten percent of its shares. Meanwhile, hedge fund billionaire, Mike Novogratz’s Galaxy Digital has already sold most […]

Ripple Facilitates Payment Remittances From India to Saudi Arabia

Indian commercial bank IndusInd has tied up with Saudi Arabian British Bank (SABB) through their partnership with Ripple. The payment remittance corridor between the two countries is powered through xRapid and xCurrent, as both banks adopted both networks, as revealed by Ripple, May 20, 2019. Further Headway in India After […]

Crypto Derivatives Witness Large Institutional Turnout

Bitcoin derivatives are shattering all-time highs for volume and number of open contracts across various platforms. CME, BitMex, and Deribit all smashed their previous month on month volume highs in May 2019 – and the month isn’t even over yet. The volatility and slow developing efficiency are slowly introducing previously […]