Tag Archives: NEWS

Incorporating Virtual Currencies In Islamic Finance

Cryptocurrencies represent a value that can be transacted or traded digitally. Although they have not attained a legal tender status anywhere, they operate as a medium of exchange and also as a store of value. The market capitalization of the virtual currencies has grown to about $400 billion. Over 1500 coins have been developed with […]

Huobi And Its Partners Expand To New Markets

Huobi, a Chinese exchange has revealed that, together with its partners, they will open Crypto exchanges in five countries. The five countries are Canada, Indonesia, Taiwan, Russian and the Philippines. It has also been revealed that the partners share Huobi’s clearing systems, asset management system, wallet and order integration asset. The move will see the […]

Thailand Allows Seven Crypto Firms To Operate

Thailand has made major strides in regulating the Cryptocurrency sector in the country, with the regulator, the Thai Securities and Exchange Commission (SEC) releasing the names of the seven companies that have been allowed to operate. They include five Cryptocurrency exchanges and two virtual currency dealers. The regulator has also revealed that they are currently […]

A New Player To Introduce A Next Generation Crypto Mining Machine

The Crypto mining hardware market will get a new player before the end of this year after a Canadian company announced plans to join the lucrative market. Square Mining Ltd. has already raised about $20 million and it will use the funds for designing, developing and testing the new mining machine. The Bitcoin mining ASIC […]

A Crypto Firm Attempts To Acquire A Company Listed On Tokyo Stock Exchange

A Crypto company in Japan has stirred controversy after it emerged that it is trying to acquire a business listed on the country’s stock exchange. If the firm succeeds, we could have a Crypto-based business listed on one of the world’s biggest equities. Furthermore, this will make the token-based project a public company. The stock […]

Turkish Citizens Turn To Cryptocurrencies In The Wake Of American Sanctions

The demand for  Bitcoin in Turkey has risen significantly, leading to an increase in its price against the Lira (Turkey’s currency). Currently, the Cryptocurrency has reached a seven month high against the currency. The relationship between Turkey and its longtime ally, the U.S. has deteriorated and Washington has already slapped the country with economic sanctions. […]

Venezuela To Become The First Country With A Central Bank For Crypto

It has been revealed that the Venezuelan National Assembly is planning to create a central bank of Cryptocurrencies. A member of parliament told Reuters that the house will reform the constitution to allow for the creation of the bank. When the central bank is set up, Venezuela will become the first country to have such […]

Asia Continues To Dominate Cryptocurrency Markets

Asia has the largest Cryptocurrency market in the world according to a study published by LiveCoinWatch that shows that over 75 percent of Crypto transactions are carried out in the region. That’s not all, the released statistics also show that Asian Crypto investors are more informed about the virtual currencies than their Western counterparts. The […]

A Study By Ecobank Establishes Increased Use Of Cryptocurrencies In Africa

A recent study by Ecobank Transnational Inc. on the use of Cryptocurrencies in 36 African countries has found a significant presence of the digital assets in these countries. However, the report by the pan-African bank has found that most countries have are yet to regulate the sector and have instead adopted a wait-and-see policy. Additionally, […]

Thailand Becomes A New Haven For Crypto Traders

The decision by Thailand to put in place regulations for virtual currencies and initial coin offerings has paid off as more companies are applying for licenses to start operating in the country. So far, about 50 ICO projects want to open a business while the number Crypto exchanges applying for the license has reached 20 […]
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