BitLicense was granted after a thorough study of Ripple’s standards by New York Financial Watchdog. The New York State Department of Financial Services (NYDFS) has issued its second virtual currency license, known as BitLicense. This time NYDFS made a thorough review and approved of the application of Ripple Labs’ affiliate, XRP II, LLC. The regulators
Ripple has got several millions of investment from Santander and came up with a new protocol designed to increase transactions efficiency. Ripple Labs, a San Francisco-based bitcoin-oriented startup, has unveiled a newly-developed payment technology bearing the name of Interledger. With this invention banks get a possibility to transact with the same speed and profitability as
Chinese biggest bitcoin exchanges unveiled on Sunday they will impose trading fees, as the government is tightening control over digital currency. BTCC, OkCoin and Huobi have announced via their websites that they will start charging a trading fee this Tuesday. Traders will now have to pay a fee of 0.2% per each transaction. As the
Coloured coins startup Colu teamed up with the consulting company Deloitte to bring the blockchain technology to the new markets. The Israeli coloured coins startup Colu has signed an agreement with the US-based consulting and financial advisory services provider Deloitte. The partnership is expected to boost the use of the blockchain technology in different sectors.
The cryptocurrency called MUFG coin will reduce managerial costs and transaction fees. The Tokyo-Mitsubishi UFJ Bank (MUFG), the largest bank in Japan, is going to develop its own cryptocurrency as part of its blockchain research. The project bearing the name “MUFG coin” was launched last autumn. The new digital currency relies on a P2P system
One of the major cryptocurrency exchanges HitBTC has expanded the list of currencies traded on its platform by adding a new digital currency called Zcash. HitBTC has officially announced the launch of Zcash on October 28, 2016 in the company’s blog post. The opening of ZEC/BTC market is a part of HitBTC strategy to support
The London-based blockchain startup, DLT Financial, and fintech company Tramonex have announced plans to launch a new index that will track the performance of leading virtual currencies. DLT Financial, together with Tramonex, is going to launch the first fund to track DLT10, a new financial index of ten main virtual currencies in the upcoming weeks.
RSCoin, developed in cooperation with two researchers from the University College of London, allows central banks maintaining complete control over monetary supply while providing strong transparency and auditability guarantees. Financial institutions all over the world are working to adopt the blockchain while central banks are thinking ahead and come up with own cryptocurrencies developed on
On Friday, a Senate committee in Canada advised the government to “tread carefully” in regulating Bitcoin and other digital currencies. The Senate committee called for the Canada Revenue Agency and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) “to prepare for the growing use of such virtual currencies,” reads The Economic Times. “We’ve heard, and we
BitLicense makes ShapeShift suspend its service in the New York area to take a “moral and ethical stand” against a new state law regulating. On Thursday, ShapeShift announced that it is going to stop its service in New York state because it does not wish to comply with the recently issued BitLicense. ShapeShift.io is a well-known digital currency exchange