Cryptocurrency Analysis and News Portal
India is readying itself for a major revision of its cryptocurrency policies. In this regard, it has been approached by officials of many governments who have informed the Indian government about possible global risks associated with digital currencies.India’s finance minister, Nirmala Sitharaman, noted positively that all nations who have raised
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The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing.According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating:“Islamic enterprises will now be able to realise new business opportunities on a platform that
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Bitcoin brought about solutions to persistent problems that stood in the way of previous attempts to invent digital money, such as the risk of double spending. Some of its features,
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The Dubai Chamber of Commerce and Industry (DCCI) has signed a memorandum of understanding (MoU) with Emirates NBD.Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an international business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates NBD. The
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Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division.Blockchain to streamline international trade processOn Sept. 25, United Kingdom financial news outlet FStech reported that Lloyds Bank has partnered with the distributed ledger technology firm Komgo. Lloyds Bank, one of the “Big Four” clearing banks
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Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys has completed a global five week blockchain trial in partnership with R3. advertisement Stephen Obasi, Group Head, Head Office Operations, Fidelity Bank, said: “This is an audacious step by Infosys to simplify and revolutionize global trade finance practice using Blockchain technology.
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Venezuela has decided to use its state-backed cryptocurrency, the Petro, to fund its ambitious housing scheme.Ildemaro Villarroel, the country’s Minister of Habitat and Housing, confirmed this news in an announcement made on a government website. The minister agreed confidently that by funding the project through the country’s pet cryptocurrency, Petro,
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European officials are beating their heads, trying to figure out the challenges and risks of letting cryptocurrencies be operational in the region. It is part of a wider debate that seeks to establish the pros and cons of digital transformation of European economies as major nations across the globe embrace
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One of the largest crypto exchanges in the world, Binance, made its first strategic Chinese investments since leaving China back in 2017. Binance joined the third funding round of Beijing-based Mars Finance, a local crypto and blockchain news publication.The exact amount invested wasn’t disclosed; however, Chinese media and data source
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German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook's proposed Libra stablecoin.Prevent stablecoins from becoming alternative currenciesAs reported by Reuters, on Sept. 17, German Vice Chancellor and Finance Minister Olaf Scholz said during a panel discussion in Berlin that Facebook’s planned crypto coin
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