The Cagayan Economic Zone Authority (CEZA) of the Philippines has issued provisional licenses to three cryptocurrency exchanges in the economic zone, the Manila Times reported July 10. CEZA expects to attract $3 million of investment following the issuance. CEZA is a state-owned corporation that controls the Cagayan Special Economic Zone...
The Bank of International Settlements (BIS) has said that cryptocurrencies cannot scale to function as money, in a 24-page article published yesterday, June 17, as part of its annual economic report. According to the BIS – an organization based in Switzerland made up of 60 of the world’s central banks...
A Czech gas company plans to accept cryptocurrency as payment for its services and contribution to energy projects ...
The deputy director of China’s Ministry of Industry and Information Technology (MIIT) has urged the country to “unite” forces to foster blockchain as a “core” technology for the new digital economy, according to a post on MIIT’s official website today, July 16. Speaking at the 2018 National Expert Forum on...
Crypto software development program KryptoPal will work with Swiss NGO help2kids to provide software for accepting cryptocurrency donations, according to a press release shared with Cointelegraph Tuesday, June 26. Help2kids provides food, healthcare, and education to children in both Malawi and Tanzania, with 750 kids in the help2kids network in...
The CEO of Swiss financial services provider UBS Group Sergio Ermotti said that blockchain will be essential for the financial services industry in an interview with CNBC June 18. Ermotti said that the underlying technology of cryptocurrencies will allow “ freeing up of resources to become more efficient,” adding that...
Global diamond giant De Beers announced Thursday that it tracked 100 high-value diamonds from the mine to the retailer using blockchain technology. According to a May 10 press release, this is the “first time a diamond’s journey has been digitally tracked from mine to retail.” De Beers says that its...
The largest cryptocurrency exchange in the world by trading volume, Binance, continues to see explosive growth in spite of price reductions across the market earlier this week. The company added 240,000 users in just one hour on Wednesday Jan. 10, surpassing all previous growth records. Binance’s record growth this week...
WeChat, a Chinese messaging, social media, and payment application developed by Tencent, has suspended a third-party blockchain application that initiates contract agreements by app users, local news outlet Caijing reported May 9. Xiao Xieyi, a mini-program launched on Wednesday, was promoted as a service to allow users on WeChat to...
Two leading diamond industry players have agreed to work with blockchain startup D1 Mint Limited to tokenize diamonds, according to a May 23 press release shared with Cointelegraph. D1 Mint Limited, the creator of the diamond-backed crypto asset D1 Coin, has signed its first purchase agreement to buy 1,500 investment-grade...