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August 20, 2018

cryptocurrency news

BANKEX Proof-of-Asset Protocol: Financial Market Evolution

There are two Protocols that are widely used today: Proof-of-Work and Proof-of-Stake, – they are perfect for cryptocurrencies. However, with the growing demand for improving the liquidity of assets, yet avoiding the cumbersome process bounded by the rules and regulations of the traditional stock market, a new measure has paved the way for evolution. BANKEX

Here’s What Ryan Fugger of Ripple Notoriety Is Working on Now

The cryptocurrency space is nearly a decade old and, from its beginnings as a fragmented sector, it has grown to include hundreds of incredibly successful companies, many of which play a crucial role in the framework that underpins the industry in its current iteration. Many of these companies were started and run by individuals now seeking

Mizuho CEO: Financial Firms ‘Should Have Courage’ on Blockchain

The president and CEO of the Mizuho Financial Group “megabank” has spoken out on the potential of blockchain to disrupt financial incumbents. Speaking at a fintech conference this week, Yasuhiro Sato said the technology could “change the strategies of international financial institution,” adding “we should have the courage” to make the shift to blockchain “now.” As a

Mario Draghi: European Central Bank Has ‘No Power’ to Regulate Bitcoin

Mario Draghi, president of the European Central Bank (ECB), has indicated that his institution does not have the powers to regulate cryptocurrencies. Making his statements to the European Parliament’s Committee on Economic and Monetary Affairs, Draghi said that “it would actually not be in our powers to prohibit and regulate” bitcoin and other digital currencies. The comments

Fintech Firm to Launch Cryptocurrency Exchange in South Korea

South Korea is getting a new cryptocurrency exchange, one backed by an already established fintech firm. The new platform, known as Upbit, is a partnership between South Korean app maker Dunamu and U.S.-based Bittrex, one of the market’s longest-running exchanges focused on alternative cryptocurrencies. Set to open next month, Upbit plans to support an extensive range of tokens

Hong Kong Gripped by Cryptomania, ICO Fever as China Bitcoin Ban Persists

The hardline stance against cryptocurrencies and exchanges taken by the central Chinese government has had some negative impact on cryptocurrency markets in recent weeks. However, Chinese government regulation has not quelled interest in Blockchain technology solutions in the small island state of Hong Kong. Hong Kong, known for its substantial banking and shipping industries, is seeking to