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Turkey's Istanbul Clearing, Settlement and Custody Bank (Takasbank) has announced its blockchain-based platform for trading physical gold.Dubbed BiGA, Takasbank’s new project aims to enable people to transfer physical gold stored at the Borsa Istanbul Stock Exchange (BIST), Turkey's sole exchange entity, through digitized gold units on a blockchain, the
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Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the
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Around a decade ago, something called crypto insurance would have drawn puzzlement from everyone. The creation of crypto exchanges made it possible for millions of people all over the world to buy crypto tokens with ease. Key Analysis However, the creation of exchanges also drew the attention of hackers, who have, over
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A subsidiary of Chinese oil and chemical giant Sinochem Group is reportedly in discussions regarding a blockchain platform with Royal Dutch Shell and Australian financial services firm Macquarie Group.As Reuters reported on Sept. 5, sources familiar with the matter said that Sinochem Energy Technology entered into negotiations with the
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Michael Novogratz’s cryptocurrency investment bank Galaxy Digital has gained approval from the Financial Industry Regulatory Authority (FINRA) to underwrite registered public offerings of securities.As reported by Bloomberg on Sept. 6, the company has its sights on facilitating security token offerings, or STOs.FINRA is a non-governmental private organization that acts
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The CEO of Overstock’s blockchain subsidiary tZERO, Saum Noursalehi, has issued an update on tZERO’s progress and addressed the departure of Overstock’s CEO Patrick Byrne.In a letter to investors published on Sept. 6, Noursalehi addressed Byrne’s resignation as the CEO of American e-commerce giant Overstock.com. Noursalehi assured that Byrne’s
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Bakkt announced that it is opening a Warehouse. Its potential clients are those customers willing to deposit Bitcoin as well as withdraw it. It seems that the company is preparing for the introduction of its futures.Today Bakkt opened its long-awaited Warehouse for customer Bitcoin deposits and withdrawals.As they said in
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Bakkt Warehouse, a qualified custodian of crypto trading platform Bakkt, is now accepting customer Bitcoin (BTC) deposits and withdrawals.First physical BTC futures on the wayAs the company tweeted on Sept. 6, Bakkt Warehouse has officially launched in accordance with the plans revealed on Aug. 28.The launch of Bakkt Warehouse
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Paxful, a peer to peer (P2P) bitcoin marketplace is collaborating with CoinLogiq, a fintech platform that facilitates cost-efficient money transfers globally, to install 20 new Bitcoin ATMs in the Republic of Colombia, reports Bitcoin Magazine on September 5, 2019. Expanding Colombia’s Bitcoin ATM Network Per sources close to the matter, due to
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