How Security Tokens Can Prevent an Impending Financial Crisis

Many economists argue that the root causes of the 2008 global financial crisis have yet to be addressed comprehensively, or that measures taken have been exhausted, such as the extent to which quantitative easing was used, which has been put forward by the deputy director of the International Monetary Fund (IMF). Some argue that the …

Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the …

Experts Explain Factors of Overnight Rally

Over several hours on May 3, the price of bitcoin spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in a single day. Most crypto assets in the global market have substantially surged in value in the past week Source: coin360.io Major crypto assets …

Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments

Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on May 2. Mohanty revealed that back …

Binance API Seemingly Reveals That Margin Trading Has Been Enabled for Nine Trading Pairs

Changes made to the public Application Programming Interface (API) of major cryptocurrency exchange Binance seemingly reveal that the company has enabled margin trading for nine trading pairs. As Cointelegraph previously reported in March, the API had been updated to add two variables. The name of the first added variable is “isSpotTradingAllowed,” while the second is …

Microsoft Releases Blockchain Manager App

Microsoft announced its fully managed Azure Blockchain Service in a press release on May 2. The new blockchain-as-a-service (BaaS) platform will purportedly allow users to build blockchain applications on preconfigured network.  According to Microsoft’s head of corporate communications, Frank Shaw, this service “simplifies the formation, management, and governance of consortium blockchain networks.” Shaw further noted …

Former CFTC Chair Gary Gensler Says Crypto Market Needs Regulation in Order to Grow

Former chairman of the Commodity Futures Trading Commission (CFTC) Gary Gensler said that the cryptocurrency market needs regulation in order to grow, because consumers must be protected. Gensler shared his views with Cointelegraph at the Business of Blockchain event at the Massachusetts Institute of Technology on May 2. Speaking about the perspective on such services …

Binance Unveils Latest Compliance Partnership Targeting Anti-Money Laundering

Cryptocurrency exchange Binance has partnered with blockchain monitoring solutions provider Elliptic to boost its regulatory compliance as part of its international expansion, industry news outlet CoinDesk reported May 2. As part of plans to ensure smooth operations in new countries with varying regulations on cryptocurrency, Binance will use Elliptic to ensure it can comply with …

Crypto ATM Operator CoinFlip Postpones Tether Stablecoin Listing

Cryptocurrency automated teller machine (ATMs) operator CoinFlip has postponed support for the  stablecoin tether (USDT). The company announced the development in a tweet on May 1. CoinFlip initially revealed that it will start listing Tron-powered stablecoin USDT at over 180 CoinFlip’s ATMs on April 30. However, in about 24 hours CoinFlip posted an update, saying …