MasterCard Launches ‘Fintech Express’ in Asia Pacific

Nov.10 — Ari Sarker, co-president for Asia-Pacific at MasterCard, discusses the launch of their “Fintech Express” platform in Asia-Pacific, how the platform works, their business strategy, blockchain technology, their pullback from Libra and his outlook for the company. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. UCIALMKvObZNtJ6AmdCLP7Lg Source link

Police Arrest Founder of Blockchain Startup That Raised Over $80M

Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million) from investors, business-focused news outlet Sprout reported on Nov.  Komodore64 — which launched in June with the objective to create a game platform where transactions are tracked on blockchain — appeared to be a fraudulent scheme that deceived both investors and its own employees. The project and its native crypto coin K64, which have reportedly secured roughly $86 million in investments, have declared bankruptcy. Involvement of a “well-known investment company”…

Bitcoin Advocate Calls For Ban On Gold Amidst Danske Bank Scandal

Bitcoin advocates call for a ban on gold as on-going investigations into Danske Bank reveal the lender offered gold bars to clients as an off-the-table service. This bypassed money laundering checks and was sold based on helping to keep the fortunes of wealthy clients hidden. At the height of the Danske Bank dirty-money scandal, the lender started offering gold bars to wealthy clients to help them keep their fortunes hidden, sources say https://t.co/r0c0BnC7m9 — Bloomberg (@business) November 10, 2019 Danske Bank Laundered $220 Billion Authorities in both the US and…

Can Cryptocurrency Create a New Niche in Music Streaming?

The music streaming industry has come a long way since the old days of Napster and the first-ever downloadable music. The new technology that was the internet, combined with faster download speeds, made music sharing possible. Since those early days, regulations and structure have provided a way for companies to monetize digital content while protecting it and putting new technology to work. As the industry evolved, a few major platforms exploded into the market. These early growth leaders received huge boosts as users began tossing out their CDs and flocking…

Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Bakkt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only able to provide custody services to clients trading its bitcoin futures contracts. Monday’s news comes amid an additional approval by the New York Department of Financial Services (NYDFS), which previously granted the company a trust…

Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes

Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations. According to a letter posted on Twitter by ex-user Ziya Sadr, Bittrex is reaching out to former customers who reside in “a country or region” in which the exchange is legally unable to offer services due to the U.S. Treasury’s Office of Foreign Assets Control (OFAC), and whose accounts were suspended as a result. “In May of 2018, Bittrex filed an application to permit it to release the funds currently frozen back to the owners. This application…

Bitcoin Price Faces Drop to $8.5K After Consecutive Weekly Losses

View Bitcoin’s consecutive weekly losses and multiple failures at key resistance have shifted risk in favor of a drop to around $8,550 and perhaps as low as $8,000. Daily chart indicators have turned bearish for the first time in over a month, supporting the case for a deeper decline. A high-volume move above $9,335 (descending trendline from 2019 high) is needed to revive the bullish view. Bitcoin is looking south after back-to-back weekly losses and multiple rejections at key price resistance. The top cryptocurrency by market value fell 2.6 percent…

How to Turn a $17 Million ICO Into $104 Million: The Cosmos Story

The Interchain Foundation (ICF) raised $17 million in April 2017 to shepherd the development of the Cosmos network, a system for making blockchains talk to each other. Following the sale of its ATOM token, the ICF has funded a cast of supporting players, like Agoric Systems Operating Company (which the ICF invested in for traditional equity) and Tendermint, to build the underpinnings of the project’s interoperable aspirations: the Inter-Blockchain Communication (IBC) protocol. The goal is to be well-positioned for a multi-chain future. “I could have a contract on one chain…

Bitcoin (BTC) Price Rebound Facing Key Resistance Near $9,100

Bitcoin price started an upside correction from the $8,674 swing low against the US Dollar. The price is up around 3%, but it is facing hurdles near the $9,100 and $9,150 levels. There is a key bearish trend line forming with resistance near $9,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). On the downside, there is a decent support forming near the $8,860 levels. Bitcoin price is currently correcting higher above $8,800 against the US Dollar. However, BTC is still facing a couple of key…