Blockchain 

Bank of Canada Exploring Possibility of Launching a Digital Currency

Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that has featured prominently in the headlines recently amidst intense regulatory pushback on Facebook’s proposed coin, Libra. The proposal was pitched to Stephen Poloz, Governor of the Bank of Canada, and its board of directors in…

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Blockchain 

Swiss Digital Exchange to Launch Initial Digital Offering Next Year

Swiss stock exchange firm Six Group’s cryptocurrency trading platform Swiss Digital Exchange has announced that it will be launching an initial digital offering (IDO). The firm has already organized a group of financial institutions across the globe that will support the IDO. The IDO, which will take place next year, will be similar to a traditional IPO but the shares will be in the form of digital tokens offered on the SDX platform. Investors to Help Build SDX Business Thomas Kindler, the CEO of SDX, indicated that the consortium of institutions includes…

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Blockchain 

SoFi Introduces Crypto Trading With Multiple Digital Currencies

Over the course of the past couple of years, crypto trading has turned into a legitimate vocation for a large number of people, and nowadays, the options when it comes to choosing an exchange are varied. Some years, people who wanted to trade in cryptocurrencies did not have many options, and the exchanges that were available did not often have the sort of liquidity that traders want. However, things have changed over the years, and in a new development, SoFi has launched its very own cryptocurrency trading platform. SoFi is…

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Blockchain 

German Stock Exchange Launches Boerse Stuttgart Digital Exchange

It’s been a long time coming. Well, sort of. Back in December 2018, Germany’s second-largest stock exchange, Boerse Stuttgart, said it was going to launch a digital asset exchange in the first half of 2019. Today, that exchange has launched; trading is now live on the Boerse Stuttgart Digital Exchange, or BSDEX for short. Here’s everything we know. Boerse Stuttgart Digital Exchange: A German Digital Asset Exchange On Monday, September 23, Boerse Stuttgart said it has opened its regulated trading venue for virtual assets. Boerse Stuttgart Digital Exchange is regulated under…

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Blockchain 

One Company Is Building the Railway for the Next Generation of Digital Payments

A truly MONUMENTAL shift is underway, as businesses and merchants around the world transition towards a fully digitized economy. In the United States alone, the payments market of business-to-business (B2B) transactions is currently worth $22 TRILLION.[1] To streamline this and other forms of digital transactions, there is an increasingly loud call for acceptance of a growing number of currencies, including Bitcoin and other digital currencies. While many traditional payment processors such as Visa, MasterCard, PayPal and others continue to innovate, they’re all operating on a paradigm that only includes fiat…

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Blockchain 

Trump Attacks Bitcoin | Is the Digital Coin Immune to His Influence?

When President Donald Trump attacks Bitcoin, what do you expect happens? The coin’s price falls, right? Maybe not so. Last week, Trump attacked Bitcoin on Twitter, and that same day, the coin’s price climbed a little further. Okay, it didn’t exactly shoot for the moon, but it did prove its resilience by climbing and not tanking. The next day, however, the coin began to fall. Trump Attacks Bitcoin But this is interesting because usually when Trump attacks any market or business, the market reacts negatively instantly—such is his power. We’ve seen…

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Blockchain 

Facebook’s Digital Coin Libra Faces Extreme Criticism

Libra, Facebook’s cryptocurrency to be launched as a payment service provider, requires close examination. According to a senior official at Britain’s financial watchdog, this new coin project requires deep scrutiny as it raises questions both on social and legal grounds. Facebook unveiled its Libra digital coin last month as a platform that will let one buy things or send money to people with nearly zero fees. Regulators Have Doubts About Libra One would pseudonymously buy or cash out their Libra online or at local exchange points like grocery stores. However, soon…

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Blockchain 

LiteLink Tech | Digital Wallet and Virtual ATM Technologies

After more than 50 years of dominating retail banking, ATMs might finally be on their way out—and a new force of disruption pushing its way in. The global rise in mobile payment platforms such as PayPal Holdings (NASDAQ:PYPL)’s Venmo and Square, Inc. (NYSE:SQ)’s Cash app has led to a steady decline in automated teller machines (ATMs) around the world. This has impacted traditional ATM companies such as NCR (NYSE:NCR) and Fiserv (NASDAQ:FISV). Whereas banks are now trying to keep up by rolling out ATMs with increased capabilities and “eATMs” featuring…

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Blockchain 

Why the uBUCK Pay App Offers So Much More Than Any Other Digital Wallet

The digital wallet industry has grown exponentially in recent years, reaching $100 billion USD in 2017. Analysts expect growth to continue, reaching a whopping $250 billion by 2024, propelled by attractive discounts and enticing cashback offers. One company that has created an impressive mobile wallet that offers a ton of great features is LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF). LiteLink just announced the closed beta launch of its uBUCK Pay App, a digital wallet and payment solution that serves as a payment alternative for consumers and merchants. But uBUCK Pay offers much more…

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Blockchain 

MPWR Crypto Summit Confirms Millennials Will be Enhancing The Digital Space

Vancouver, BC. March 13th 2019 – – The topic of misinformed crypto practice and where the future of cryptocurrency is heading was a common theme during Monday’s MPWR Crypto Mining Summit 2019. Wes Fulford, CEO of Bitfarms and Dina Matterson, BC Hydro representative, brought forth the powerful concept of millennials leading the multi-layered space. Wes Fulford, CEO of Bitfarms Fulford presented the idea that generation Y captivates a new buying behaviour, encouraging the crypto currency pattern to progress, adapt and enhance to a playing ground understood by society. Bitfarms has initiated a…

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