The Central Bank of Lithuania, Bank of Lithuania has updated the position of cryptocurrencies and initial coin offering (ICO) in the country. The bank has explained, “Given the emergence of new market models, market participants are also prohibited from issuing virtual asset loans or accepting it as collateral (except for cases where virtual asset tokens are considered to be securities).”
Coinscribble has listed 5 dedicated crypto news apps. The news & analysis can improve the decision making made by the cryptocurrency enthusiast as well getting the information regarding the emerging industry effectively as it was also proven that the media updates are one of the biggest factors in affecting the decision making and crypto prices.
Two healthcare companies, Cigna and Sentara Healthcare have recently joined IBM’s blockchain ecosystem for the healthcare industry. The CIO of Signa, Mark Boxer commented, “By working together, and joining the network as a founding member, we have a significant opportunity to create new efficiencies that will lead to improved whole person health and wellness outcomes for our customers.”
A report released by Banco de España (BDE) has expressed their opinion that they have considered Bitcoin (BTC) is not an effective medium-of-exchange (MoE). They explained, “Bitcoin: A solution for payment systems or a solution in search of a problem?”, stated that decentralization requires a “process of intensive validation reducing system efficiency.”
A legal notice has been issued by the Australian Securities and Investments Commission (ASIC) to a crypto firm, Byte Power Group Limited. The legal notice was issued by ASIC due to the failure of the company to comply with the financial disclosure duties & have been ordered to pay a fine of AU $33K.
An Indonesia-based blockchain gaming platform, PlayGame have shared that they have received an undisclosed amount from TRON for the company. They shared that the investment received from TRON will be used to accelerate the company’s plan in launching Proof of Play and crypto payment gateway as well introducing the blockchain-gaming and their expansion plan to the other countries in South East Asia.
A Japanese cryptocurrency wallet company, Ginco have shared their current ongoing project that is developing an enterprise wallet for cryptocurrency exchange business. Apart from that, white label cryptocurrency wallet for exchange business will be featured as well in the enterprise wallet with the aim to create new opportunities to grow and to achieve a cost reduction towards these enterprises.
A real estate broker in the Philippines has recently shared that they’re willing to accept cryptocurrencies such as Bitcoin and Litecoin as a payment method for its three houses that are up for sale in the country. Realtor is working for RE/MAX Advantage, shared that the location of the three homes is at Iloilo, a Panay Island.
A cryptocurrency start-up based in Israel has revealed possible partnership could be established between eToro and Ripple. The CEO of eToro, Yoni Assia then commented, “I think as a fintech company it’s very important for us to foster relationships with other fintech companies. Obviously, as we’re one of the largest trading platforms on Ripple.”
A collaboration made between Token.io that is also the fintech stellar start-up with a global payment provider, Mastercard with the aim in building the “open banking hub”.The Senior VP of Mastercard, Jim Wadsworth expressed his optimism towards open banking by describing that it has the potential to revolutionise how we all interact with financial services.