North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

Wells Fargo to Launch USD-Pegged Stablecoin for Internal Settlements

US multinational megabank Wells Fargo & Co. (NYSE:WFC) has revealed plans to launch a US dollar-linked stablecoin that will run on the company’s first blockchain platform. The “Wells Fargo Digital Cash” The service, dubbed “Wells Fargo Digital Cash,” is a tokenized dollar that will be used in internal settlement across the firm’s business. The stablecoin will be piloted first and will debut next year. It’s initially targeting USD transfers, but there is a wider plan to accommodate transfers in other currencies within the company’s blockchain network. On Tuesday, the company…

Huobi Expands to Argentina, Plans to Launch Fiat-to-Crypto Gateway

Singapore-based crypto and blockchain company Huobi Group has rolled out an exchange in Argentina, planning to add support for a fiat-to-cryptocurrency gateway. Per a press release shared with Cointelegraph on Sept. 17, Huobi officially launched Huobi Argentina using Huobi Cloud, a service that allows users to build over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing platform. Fiat-to-crypto gateway For now, Huobi Argentina’s users can purchase digital currencies with Argentine Pesos (ARS) using Huobi’s OTC service, but the exchange is planning to set up a fiat gateway to…

Galatasaray Is the Latest Big-Name Football Club to Launch a Fan Token

Turkish Football Club Galatasaray Spor Kulübü plans to launch Ethereum-based fan tokens in partnership with blockchain sports fan startup Socios based on sports tokenization platform Chiliz. Socios announces in a press release published on Sept. 16 that as a result of the partnership, The Lions (Aslanlar) — the only Turkish club to have won a major UEFA competition — will release its fan tokens on its platform. A blockchain sports platform Furthermore, the team will also be present on the firm’s blockchain-based, influence and rewards mobile app for football fans.…

Bitcoin Price Charts Aligning With Bakkt Launch Points to a Big Move

Bitcoin (BTC) price is stuck within the descending triangle formation for some time now and slowly moving towards the apex of it. Interesting enough, the apex of the triangle is around the actual launch of Bakkt on Sept. 23.  So is BTC price in a bearish pattern or is it just re-accumulation on a higher level? Let’s take a look at the charts. Bitcoin price performance A week ago the price dropped down from the resistance zone around $10,900 towards $10,200, after Bakkt tweeted their opening. However, the price dropped…

Stellar Development Foundation and Keybase Jointly Launch $120M Airdrop

The Stellar Development Foundation, a non-profit founded to support the development of the open-source Stellar network, is launching a $120 million airdrop in collaboration with encrypted messenger Keybase. According to a Sept. 9 blog post, Keybase will be giving 100 million Stellar (XLM) each month over the next 20 months to their users, which totals to 2 billion XLM, or almost $120 million. Keybase will distribute XLM among its more than 300,000 users. *Certain conditions may apply The foundation states that eligible participants in the airdrop must have had a…

Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’

Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier. According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a few days earlier. The aim of this is to ensure that users will have time to verify their accounts and deposit their funds. KYC requirements To complete the onboarding process, users will be required to…

Waves Platform and The Abyss to Jointly Launch Blockchain-Based Games Marketplace

Open source blockchain platform Waves and blockchain game distribution platform The Abyss will jointly launch a blockchain-based marketplace of digital goods and in-game items. In a blog post published on Sept. 5, The Abyss revealed its collaboration with the Waves Platform, aimed at the development of a blockchain-powered marketplace of tradable goods and in-game items. The marketplace will enable users to purchase items with Abyss Tokens and sell them to other users. Waves blockchain-integrated tokens The integration of Abyss Tokens with Waves blockchain will allow game developers to incorporate Abyss…

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS) Binance USD available later this month In a press release shared with Cointelegraph on Sept. 5, Paxos co-founder and CEO Asia Rich Teo shared that the NYDFS’s approval of the stablecoin Binance USD (BUSD) is a vital step towards long term stability in global crypto markets. He continued by saying: “We are proud that our…

Korea’s Biggest Entertainment Company to Launch Its Own Cryptocurrency

Korean pop music giant SM Entertainment revealed plans to build its own cryptocurrency and blockchain in partnership with tech organization CTIA Labs. CT-AI Labs CEO Sang-Sik Joo announced the initiative at the developer conference of South Korean crypto exchange UpBit, local IT news outlet ITChosun reported on Sept. 4. Joo noted that they are currently discussing the project with partners who will build the platform, but the details cannot be revealed yet. SM Entertainment reportedly expects the blockchain platform to bridge the physical and virtual world. Joo commented on the…