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Cryptocurrency News and Market

Metropolitan Bank disavows change in policy

The Metropolitan Commercial Bank disavowed reports that stated about the amendment of its policies to stop international cryptocurrency-related wire transfers. The Bank emphasized that it does not accept cryptocurrency-related wire transfers from any non-U.S. entities. It was due to an international fraud associated with the bank’s client.

Swiss Church accepts bitcoin donations

ICF Church to accept Bitcoin donations from Parishioners

The ICF Church in Zurich, Switzerland had publicized that it will accept bitcoins as donations. It is observed that the parishioners of the Church are young and the Church itself is a supporter of technological advancement.  The spokesperson of the church said, “Digital currencies and the blockchain technologies will change our daily lives.”

Sweatcoin to offer cryptos

Sweatcoin: 0.95 for every 1,000 steps

The Sweatcoin App had announced about rewarding the users with cryptocurrencies. Sweatcoin App had got nearly 2 million active users. The application counts the steps of the users via their smartphone and rewards them 0.95 in Sweatcoin for every 1,000 steps. The coin can be accumulated and used for meeting payments. It can also be given as charities to partners.

FSS obtained data from Korean Banks

Korean banks gain commission income beyond 36 times

The Korean Financial Supervisory Service (FSS) examined and accumulated the data from various banks regarding their virtual account services to cryptocurrency exchanges. It revealed that the South Korean banks’ commission gains more than 36 times through such services rendered to the cryptocurrency exchanges. The commission gains amount to $2.1 million as reported by Yonhap.

Indians crazy over crypto investments

Survey reveals Indians are more optimistic over cryptos investment

An Opeepl mobile ‘live-sampling’ survey was conducted by a cryptocurrency point of sales solution provider, Pundi X, NEM.io Foundation and Stellar.org. The survey revealed that nearly 68% of Indians would be investing and dealing in cryptocurrency in the next decade. Approximately, 16% of respondents emphasized that they would invest in cryptos if they had $1,000 over the stocks and bonds.

Lightning Network in Blockstream

Lightning Network in Blockstream

The Blockstream, a bitcoin startup had introduced a micropayment processing system. It would make it easier to construct bitcoin apps above the Lightning Network. This technique does not affect or alter the underlying bitcoin code but adds up another layer. With the efficient functioning of the same, the blockchain transactions would be made more quickly at cheap rates.

Dallas Mavericks to accept bitcoins

Dallas Mavericks to accept bitcoins

The owner of Dallas Mavericks, Mark Cuban announced that the fans can purchase tickets by paying bitcoin as consideration. Mark reacted to a tweet which questioned if bitcoin can be used to get Mavs tickets. He replied, “Next Season”. When clarification was sought by Bloomberg, Mark stated, “We will be taking Ether as well. We will be taking tokens originated by companies we have business relationships”.

MUFG Bank to open a cryptocurrency exchange

MUFG Bank to open a cryptocurrency exchange

The major bank in Japan, subsidiary of Mitsubishi UFJ Financial Group, Inc. had revealed its plan to launch a cryptocurrency exchange, issuing its own cryptocurrency called MUFG Coin. The MUFG bank had already intimated the Financial Services Agency about the idea to bring out a cryptocurrency exchange. The bank will levy certain services to its users from April 2018.

KODAKCoin token offerings

Services by tZERO to KODAKCoin

The subsidiary company of Overstock.com, tZERO (t0.com) made an announcement about the services it intends to provide KODAKCoin. The advisory services will include technical aids such as encryption of accounts, know-your-customer verification and such others. The KODAKCoin token offerings will be open from 31st of January through the security platform offered by Tzero.

Cryptocurrency trading by Horizon

Horizon unveils its gateway to trade in crypto

The Horizon Software announced that it allows its clients to do cryptocurrency trading through the ‘multi-exchange gateway’. The gateway links the top cryptocurrency exchanges such as Kraken, Bitstamp, Bitfinex and GDAX. The CEO of the company said, “the market capitalization will reach $1 trillion in 2018” and emphasized that this is an exciting market for them.