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Author: Samburaj Das

Ripple Picks Three Crypto Exchanges for International XRP Payments

Blockchain payments and remittance startup Ripple has picked three cryptocurrency exchanges to facilitate xRapid – its cross-border payments solution for banks using the cryptocurrency XRP. In an announcement on Wednesday, Ripple named Bittrex, Bits and Coin.Ph – in the United States, Mexico and the Philippines respectively – as its “preferred’ cryptocurrency exchanges to solidif...
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UK Watchdog: Summer’s Cryptocurrency Fraud Costs £2 Million in Losses

The UK’s national policing lead for fraud has revealed figures wherein victims have reported 203 instances of cryptocurrency fraud totaling a little over £2 million ($2.54 million) in losses. In an announcement published this on August 10, Action Fraud – the UK’s national fraud and cybercrime reporting center – warned the public of fraudsters pushing The post UK Watchdog: Summer’s Cryptocurrency F...
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Korea’s Crypto Industry Condemns Exclusion Plan from Venture Firms List

Crypto exchanges and blockchain startups in South Korea are protesting against a recent legislative proposal by the government to exclude the industry from recognized venture businesses. In a proposal outlined by South Korea’s Ministry of SMEs and Startups this week, the government body revealed its intention to exclude the blockchain industry, including cryptocurrency exchanges, from The post Kor...
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LINE Launches $10 Million Token Venture Fund, Lists TRON on Crypto Exchange

Japan’s largest messaging app LINE has established a new corporate token venture fund with $10 million in capital for startups in the blockchain and crypto industry. With over 600 million registered users and 200 million monthly active users worldwide on its messaging app, Japan’s LINE announced its entry into the cryptocurrency space after filing to The post LINE Launches $10 Million Token Ventur...
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South Korea Budgets a Trillion Won for Blockchain Tech in 2019

South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation The post South Korea Budgets a Trillion Won f...
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Jeju Island Aims to Become an ICO-Friendly Blockchain Hub Inspite of South Korea Ban

South Korea’s Jeju island is proposing a plan to become a blockchain haven wherein initial coin offerings (ICOs) would be allowed in the autonomous province despite the ongoing ban in the mainland. According to a report by the JoongAng Daily on Monday, the governor of Jeju Island has formally proposed that the central government of The post Jeju Island Aims to Become an ICO-Friendly Blockchain Hub...
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Saudi Arabia: Bitcoin Trading is ‘Illegal in the Kingdom’

A standing committee comprised of various governmental ministries and the central bank of Saudi Arabia has warned that trading of ‘unauthorized’ cryptocurrencies like bitcoin is illegal in the country. In a statement published by the Saudi Arabian Monetary Authority (SAMA) – the sovereign Arab state’s deface central bank – on Sunday, a governmental committee declared The post Saudi Arabia: B...
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Saudi Arabia: Bitcoin Trading is ‘Illegal in the Kingdom’

A standing committee comprised of various governmental ministries and the central bank of Saudi Arabia has warned that trading of ‘unauthorized’ cryptocurrencies like bitcoin is illegal in the country. In a statement published by the Saudi Arabian Monetary Authority (SAMA) – the sovereign Arab state’s deface central bank – on Sunday, a governmental committee declared The post Saudi Arabia: B...
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Singapore VC Firm Launches Dedicated $10 Million Cryptocurrency Fund

Singaporean venture capital firm Golden Gate Ventures is launching what it bills as Southeast Asia’s ‘first dedicated VC cryptocurrency fund’ with $10 million in investment capital. Dubbed LuneX Ventures, the fund will see a ‘laser-like focus’ on the cryptocurrency and blockchain space by investing in early-stage startups including cryptocurrency exchanges, the VC firm said on The post Singapore V...
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World Bank Picks Australia’s CBA to Deliver ‘World’s First Blockchain Bond’ on Ethereum

The Commonwealth Bank of Australia (CBA), the country’s largest bank, has won a mandate from the World Bank to become the sole arranger of a bond exclusively created and managed on a blockchain. Dubbed ‘bond-I’ – Blockchain Offered New Debt Instrument- with a nod to Australia’s famous Bondi beach, the pioneering issue will be the The post World Bank Picks Australia’s CBA to Deliver ‘World’s First ...
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