The crypto project Novem has received a lot of praise recently. NewsBTC wrote that “[i]f you hold these digital tokens you can redeem them for physical gold at a rate of 1/100th gm per NNN token, shipped to your location.” A statement that makes it sound like Novem is already a finished product. However, it […]
The Mitsubishi UFJ Financial Group (MUFG) has announced that it will launch a stablecoin this year. As reported by Cointelegraph Japan, the banking group will release the MUFG Coin later this year. Stablecoin With Yen 1:1 Yen Backing MUFG is the largest financial group in Japan and will likely be the first Japanese bank to […]
Facebook is creating its own native Token that will be used on WhatsApp to facilitate cross-border payments. The new Facebook Cryptocurrency is expected to transform social media by allowing users to participate in financial transactions. Meanwhile, the popularity of Cryptocurrencies is growing as more people are recognizing the importance of Digital Tokens in real-life situations. […]
Stablecoin Issuers Will Likely Need Licences in Texas The Texas Department of Banking announced that stablecoin issuers might need licences in the future if they want to operate in the state. According to the update of a guideline, stablecoins might qualify as money. The decisive statement in the document says “In contrast, because a sovereign-backed […]
A report from Nikken Asian Review shows that Mizuho Financial Group (MHFG) is planning to launch a Stablecoin that is pegged on the Japanese Yen. This Cryptocurrency is expected to be available to the intended users by March next year where it will be facilitating zero-cost remittance and shopping payment services. The financial group is […]
According to a tweet from Ran Neuner, a CNBC host of CryptoTrader, Coinbase has over 25 million users. The revelation of the news coincides with reports from Coinbase and Circle have formed a joint venture dubbed as Centre Consortium. The two firms are aiming to boost the interoperability of Fiat money on the internet by […]
After a volatile week of slumps, weak gains, and uncertainties, Bitcoin started the week on a high note with a gain of 9% at one point in Asian markets. At that time, Bitcoin almost crossed the $7,000 mark raising positivism among investors of who have been grappling with depressed gains, volatile prices, and growing government […]
India’s biggest exchange launches own ATM Unocoin has announced that it is going to launch its own cryptocurrency ATMs. However, before the exchange announced this the online journal Coinshub India published a picture of Unocoin’s ATM. Now, the CEO Sathvik Vishwanath has confirmed that Unocoin developed and produced its own Bitcoin ATM. But Vishwanath did […]
London Block Exchange will release a new Stablecoin in the market. LBXPeg is the new GBP pegged altcoin to be released soon. The exchange said it will introduce the much-needed transparency that is lacking in most of the stable Cryptos. The company added that after the initial release, they will try to support other fiat […]
Chinese company is funding a Japanese stablecoin project Grandshores Technology Group is a Chinese investment company that focuses on blockchain and crypto. The company plans to raise $12.7 million in an official funding round for a stablecoin that will be value backed by the Japanese Yen. Yongjie Ya, a representative of the investment company, is […]
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Novem – Another Gold Token Set To Fail?