Business

Crypto Traders Has Got New Bank In Puerto Rico

Crypto Traders Has Got New Bank In Puerto Rico

A new Puerto Rico-based institution called San Juan Mercantile Bank & Trust International (SJMBT) will start aiding crypto traders in their business by providing custody and settlement services for both fiat and crypto traded on the exchange. Nick Varelakis, president & COO of SJMBT: “As more liquidity venues onboard with SJMX to trade digital assets, SJMBT will provide critical services…”

A UK Pound Pegged Stablecoin Launched By TrustToken

A UK Pound Pegged Stablecoin Launched By TrustToken

TrustToken (a crypto startup) has brought out a stablecoin called TrueGBP which is pegged to British Pound at ration of 1:1 and now available for trading on over-the-counter (OTC) desks. Rafael Cosman, co-founder of TrustToken said, “With TrueUSD, we have built the bridge between the fiat and crypto world, without being tied to any one exchange.”

Blockchain Startups Chosen by ConsenSys for Accelerator Program

Blockchain Startups Chosen by ConsenSys for Accelerator Program

ConsenSys Ventures revealed that they have selected the blockchain startups for the accelerator program in developing a new blockchain-powered solution. Its managing partner, Kavita Gupta commented, “With the backing of the ConsenSys and Ethereum ecosystems, we aim to provide all the necessary tool-kits for our entrepreneurs to succeed both in the short term and in the long run.”

XRP and USDC Payments Introduced in Coinbase

XRP and USDC Payments Introduced in Coinbase

Coinbase will now allow its users to make payments in either XRP or USDC with zero fees. Coinbase explained, “XRP and USDC may be better suited for smaller international money transfers due to their faster processing and lower transaction fees. USDC also has the added advantage of being exchangeable for one US dollar, rather than being volatile in price like other cryptocurrencies.”

Tel Aviv Stock Exchange to Delist Bitfarms

Tel Aviv Stock Exchange to Delist Bitfarms

The Tel Aviv Stock Exchange has confirmed their plan to delist an Israeli cryptocurrency mining farm, Bitfarms due to the losses. The CFO of Bitfarms, John Rim commented, “despite the challenges, through continuous reinvestment of cash flow generated from our operations, careful financial planning and disciplined execution, we were able to achieve many operational growth objectives in 2018.”

Dash Collaborates with Cryptobuyer to Offer Zero Fee Promo

Dash Collaborates with Cryptobuyer to Offer Zero Fee Promo

A collaboration has been established between cryptocurrency for payments and e-commerce, Dash with a platform to buy and sell cryptocurrencies in Latin America, Cryptobuter. The CEO of Dash Core Group, Ryan Taylor explained, “We’ve anticipated this initiative from Cryptobuyer, as it provides the everyday person with a seamless and efficient way to access Dash and lowers barriers to entry.”

World-wide Collaborative For Developing Digital Identity By Sovrin Foundation

World-wide Collaborative For Developing Digital Identity By Sovrin Foundation

The Sovrin Foundation ( a nonprofit organization) aims to become the world’s leading destination for self-sovereign identity (SSI) education and collaboration. Heather Dahl, Executive Director & CEO of the Sovrin Foundation explained “Self-sovereign identity was created by a community of people who want to solve the internet’s identity problem by giving people control of their identities.”

KuCoin Shares Credit Card Accept Now as Payment

KuCoin Shares Credit Card Accept Now as Payment

Cryptocurrency exchange company KuCoin now accepts the credit card payments which allow the users to purchase cryptocurrencies straightly using MasterCard or Visa. The announcement was shared in their social media accounts: “We are delighted to announce that KuCoin has partnered with Simplex to re-enable users to purchase cryptocurrencies using Visa and MasterCard credit cards.”

Sphere Identity Introduces Business and Mobile App

Sphere Identity Introduces Business and Mobile App

An announcement was made by Sphere Identity regarding the launching of its business platform and the mobile application. The CEO of the blockchain-powered digital ID system, Katherine Noall explained, “By adopting digital identity procedures in e-commerce transactions, businesses can introduce trust and automation, which has spurred a distinct market for self-sovereign identity solutions.”

First Round of Digital Asset Trading Consultations Begins in Thailand

First Round of Digital Asset Trading Consultations Begins in Thailand

The first round of consultations on digital asset trading started by the Stock Exchange of Thailand (SET). The President of SET, Pakorn Peethathawatchai said, “We will work with our stakeholders to create the new ecosystem with massive transformative purposes to support digital assets and transform the Thai capital market, reinforcing SET’s vision To Make the Capital Market Work for Everyone.”