Category: Market

Ripple’s Cross Border Payments Making a Mark

Ripple’s xRapid is gaining momentum, and that’s putting the traditional cross-border method of SWIFT under risk. The competition of Ripple’s technology and SWIFT’s conventional way of transfers is heating up. Ripple started off in 2012 with a promise to make cheaper and faster payments using blockchain technology. Swift, on the other hand, is an age-old […]

Binance Partners with CipherTrace to Improve AML Program

Cryptocurrency exchange Binance is partnering with a blockchain security company, CipherTrace, to work together on enhancing the former’s robust anti-money laundering (AML) compliance program. CipherTrace, will raise the exchange’s compliance standards in line with a worldwide progression of cryptocurrency regulations and developing frameworks. Talking about the partnership, Samuel Lim, the Chief Compliance Officer of Binance said, “The selection […]

Cryptocurrency Exchange Gemini Secures Insurance Coverage

Cryptocurrency exchange Gemini announced on Thursday that the company has secured insurance coverage for custodied digital assets. The insurance has been made possible by a consortium of  industry-leading insurers and arranged by a global professional services firm, Aon. The clearance came about when the company demonstrated  to underwriters, that it ” is a leading, best-in-class exchange […]

Breaking! Zebpay Announces Suspension Of Rupee Withdrawals

Yesterday, the crypto community in India was left in disappointment as the Supreme Court upheld Reserve Bank of India’s (RBI) directive on banks terminating their working relationships with cryptocurrency exchanges all over the country. In anticipation of this order, last month cryptocurrency exchange Zebpay, had posted a circular announcing that they would be stopping rupee withdrawals today. […]

Bakkt May Go Live in September This Year

Bitcoin futures company, Bakkt has announced that it is all set to launch its platform in September this year. After navigating through endless bureaucracy, the platform said it received an all clear to go ahead. In a Medium post, the platform said, “Our contracts have already received the green light from the CFTC through the self-certification […]