The First Crypto-Native Bank in the U.S. Started by Caitlin Long

A former Wall Street executive Caitlin Long is taking advantage of the successive Wyoming legislature to create a first crypto-native bank in the U.S. She also has assisted Wyoming establish 13 blockchain-enabling laws. The bank’s called is Avanti, which implies “forward” in Italian. have come a long way to this announcement earlier today in a 29 tweets of threads. She added: “a critical piece of U.S. market infrastructure is missing – a regulated bank that can act as a bridge to the Federal Reserve for payments and [offer] custody for…

Read More

Assemblywoman Established The Act of Digital Asset Technology and Blockchain

New Jersey is one of the first state to put forward laws around crypto companies. In compliance to the new bill, the crypto currency business must now acquires the right license to operate. On February 20, Assemblywoman Yvonne Lopez has suggested the Blockchain Digital Assets and Technology Act. The legislation will make new terms for the virtual currency business and build consumer-friendly protections by demanding crypto firms to disclose their legal names, Anti Money Laundering (AML) and Anti-Terrorism Financing (ATF) policies, and their licensing and legal history to New Jersey…

Read More

Sweden Is Examining Digital Currency At Its New Central Bank

Sweden’s nation has started testing an e-krona, making it much closer to the proper introduction of digital currency (CBDC) at the central bank. The pilot program lasts for one year, until February 2021. If and when the e-krona officially launches for public use. The hope is that this blockchain-powered currency will drive traditional payments and banking activities across the world. Instead of swiping a credit card or investing fiat currency, the blockchain can be applied to daily transacting. These days, CBDCs are a hot topic, and Sweden is the second…

Read More

Samsung Keeps Cryptocurrency In Galaxy S20 Models.

South Korean technology giant Samsung recently unveiled its latest series of smartphones. The Galaxy S20, at the San Francisco, Unpacked 2020 gathering. While the headline feature is undoubtly the new camera, the phone will also build on the built-in blockchain security features. Launched a year ago on the Galaxy S10 according to official marketing material. Security is yet a focus Samsung highlights the security features of the new phones after copious details regarding the new camera, and briefly mentioning 5G, battery life, and storage. Those build on the Knox platform, a security solution in…

Read More

HSBC Produces 35,000 Jobs and Participation in Digital Finance

According to HSBC’s executive unveiled a plan to remove 35,000 jobs before end of 2022 and investing in digital finance. HSBC’s plan over the next three years is to reduce staff and branches to facilitate operations by investing in technology. Noel Quinn, the group’s chief executive mentioned: “In Retail Banking, we will expand our products offering and increase our investment in digital. We’ll refocus our Retail Banking presence to serve globally mobile clients, reducing our branch network in the US by around 30%. […] We will also continue to invest…

Read More

Crypto Exchange Tokenomica Now Offers Crypto-Euro OTC trade

Tokenomica, a Malta-based crypto-asset exchange, has announced crypto-currency trading for large participants by over-the-counter, or OTC. The Mediterranean-based platform also provides users the ability to trade large amounts of BTC for Euros, apart from the order books of the exchange, Tokenomica reported on Feb. 18 in its blog. The statement by the exchange made it clear that other cryptocurrencies would also be available for trading on OTC but remained vague about other trading pairs with the Euro. OTC trading can avoid the big price hiccups Crypto exchanges have order books…

Read More

4 Telecommunication Operators Examine Blockchain Solution To Promote Roaming Rebate

Four international telecommunications are testing blockchain-based solutions to automate the management of roaming discount deals between operators. In February 17 by Mobile Europe, Deutsche Telekom, T-Mobile US, Telefonica and Orange claimed the solution decreased the complexity of the system and “production solutions.” Facilitate to enable scalling New solution changed the process for several years and involved drafting, signing and executing agreements manually for reduced roaming charges. Digging into this workflow speeds up the process that terms of the agreement cannot be changed later. Deutsche Senior Vice President of Telekom Global…

Read More

Partly Address Recent Hack: IOTA Updates Trinity Desktop Wallet

After an apparent hack of the official IOTA (MIOTA) wallet on February 12. The IOTA Foundation released a stable desktop version of the Trinity wallet. IOTA will update the Trinity apps to safely verify their balances and transactions through Trinity 1.4.1. A new version designed to remove the recently discovered bug from the wallets, according to an update posted Feb. 17. IOTA’s network administrator remains paused for the future token migration The new version of the wallet, launched on Feb 16, does not seem to reflect the complete solution of…

Read More

Binance Set: Launch Future NEO / USDT With Up to 50x Leverage

Big crypto-currency exchange Binance has revealed it is about to launch a new NEO crypto-asset futures product monitoring. The NEO / USDT futures will be released on Feb. 17 according to the announcement published on Feb. 16 and traders will be able to select leverage between 1x and 50x. The fees levied by the exchange on the contract’s trades in question are an initial margin rate of 2%, 1% base maintenance margin rate and a liquidation fee of 0.5%. What is NEO? The knowledge page Binance dedicated to NEO states that it is a community-driven open-source platform. That uses blockchain, smart contracts, and digital identities to digitize…

Read More

China Isolates Money To Prevent From Corona Virus, Non-Issue Related To Bitcoin

It has been circulated that China has began a quarantine of its currency used to stop from the spread of corona virus. Concurrently, the crypto community started to take the news that using Bitcoin as a payment method should resolve a problems. Futher cases have been confirmed for the epidemic outbreak On February 13, Hubei district, where Wuhan is situated, reported a spectacular growth of number about 15,000 further cases and recently 242 new deaths in 24 hours after regional authorities amendments their procedure for diagnosing case. Dovey Wan, the…

Read More