Category: Digital Assets
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Mauritius Regulator to Provide Licenses to Digital Asset Custodians
The authorities in the island nation of Mauritius plan to start issuing custodian licenses to companies holding digital assets on behalf of clients. The financial regulator said the existing licensing regime is not suited for that purpose, although licensees under the new rules will have to comply with similar requirements. Also read: Abu Dhabi…
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Survey: South Africans Turning to Crypto as Hedge Against Volatility of the Rand
A survey by Luno, a London-based cryptocurrency platform, has revealed that a growing number of people in South Africa prefer holding cryptocurrencies such as bitcoin and bitcoin cash rather than the local fiat unit, the rand. About 70 percent of South Africans have heard about virtual currencies, and most people have been using them as…
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Pan-African Organization Launches Framework to Encourage Cryptocurrency Trade
On Nov. 2, the African Digital Asset Framework (ADAF) launched with a mandate to promote cryptocurrency commerce within the continent. Co-founder Felix Macharia said ADAF is an open-source software platform to create cross-border standards for cryptocurrency and blockchain technology. It will also complement the African Union’s Single African Digital Market initiative, which leverages technology to…
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Brazil’s Tax Authority Goes After Cryptocurrency Profits
Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to…
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New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day
On Thursday, Nov. 1, a group of Bitcoin Cash (BCH) proponents who call themselves the Professional Stress Test Team, performed a network stress test on the BCH chain. During the course of the day, the BCH network saw over 733,000 transactions and a 14MB block that cleared 73,000 transactions in one fell swoop. Also read: Anypay…
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Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip
Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a.m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%. Since our last markets update two days ago, the entire crypto-economy has lost $5.6 billion in value.…
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French Business School Accepts Fees in Bitcoin for Blockchain Technology Courses
France’s Financia Business School, which offers post-graduate courses in financial and blockchain technology, now allows students to pay their fees in cryptocurrency. Since the institution introduced the measure, about half a dozen students have paid in BTC for the 2018 academic year. Also Read: Okex Cryptocurrency Exchange to Delist 42 Trading Pairs Cryptocurrency to Cut Transfer…
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Send Bitcoin Cash Over the Web in a Private Fashion Using Tor
There are several ways to add layers of anonymity to bitcoin cash (BCH) transactions such as using a VPN or shuffling coins with mixers. One way to anonymize when using the BCH chain is by utilizing free Tor software while transacting online. This way, internet traffic is encrypted and routed through nodes throughout the overlay…
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Sony Develops ‘Contactless’ Hardware Wallet for Digital Assets
Sony has announced the development of a new type of cryptocurrency hardware wallet that uses its IC card technology. The Japanese conglomerate also said that it firmly believes in the potential for the commercialization and widespread adoption of blockchain technology. Also read: Blockchain Launches Hardware Wallet Secure Digital Assets Tokyo-based Sony, a household name for decades,…
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Blockchain Launches Hardware Wallet
The popular cryptocurrency software provider Blockchain has announced the launch of a custom hardware wallet that is exclusively tethered to the company’s flagship wallet. According to the development team behind the new hardware wallet called Lockbox, the firm collaborated with the wallet manufacturer Ledger in order to create the design. Also read: SEC Suspends Trading in…