US Crypto Exchange Signs Agreement to Offer Fiat-Crypto Trading to Corporate Clients

Seattle-based crypto exchange Bittrex has signed a banking agreement that will allow corporate investors to trade selected cryptocurrencies for fiat, Bloomberg reports today, May 31. Bittrex, which supports over 200 cryptocurrencies and reportedly has over 3 mln customers worldwide, will cooperate with New-York based Signature Bank to launch fiat trading for Bitcoin (BTC), Tether and …

Central Bank Digital Currency ‘not Clearly Superior to’ Existing Infrastructure

Hong Kong will not currently issue a central bank digital currency (CBDC), citing the existence of already efficient payment infrastructure, according to a government press release published yesterday, May 30. Joseph Chan, the Acting Secretary for Financial Services and the Treasury in the Legislative Council, said in response to questions about both the People’s Bank …

New Blockchain App For Quick Identity Verification To Help Protect Users’ Data

A company has launched a new blockchain-powered identity verification app to help users avoid online fraud during internet transactions. Blockpass also aims to counter the repetitive task of constantly entering proof of identity across different platforms, such as new bank accounts and travel document applications. The idea of the project is to allow customers to …

Three out of Ten Germans Are Considering Crypto Investing

Twenty nine percent of Germans are interested in cryptocurrencies as a form of investment, Cointelegraph auf Deutsch reported Tuesday, May 29. German bank Postbank came to this conclusion after a survey of 3,100 Germans, which was conducted from the end of February to the end of March 2018. When asked about why are they interested …

1090 DApps And 700 Tokens Launched on Ethereum Network in 2017, Analyst Says

In 2017, 1,090 decentralized applications (DApps) and more than 700 tokens have been deployed on the Ethereum (ETH) network, Finance Magnates reports May 28. According to Christian Crowley, business analyst of Etherium analytics firm Alethio, an average of around 100,000 new users join Ethereum ecosystem every day. Moreover, Ethereum network processes one million transactions daily, …