Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech

Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech The Pakistan-based subsidiary of global telecommunications giant Telenor has launched a blockchain-powered cross-border remittance service, according to a press release published Jan. 8. Per the announcement, the Pakistan-based Telenor Microfinance Bank (TMB), Valyou — a Malaysian fintech subsidiary of Telenor — and Telenor’s Easypaisa have jointly launched a blockchain-based international remittance…

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Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’

Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’ A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack…

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Japan Eyes Regulation of Unregistered Crypto Investment Schemes

Japan Eyes Regulation of Unregistered Crypto Investment Schemes Japan’s financial regulator is reportedly looking to close a legal loophole that lets unregistered investment firms solicit funds in cryptocurrencies rather than cash. According to a report from Sankei Shimbun on Tuesday, Japan’s Financial Service Agency (FSA) is planning revisions to bring such schemes under the country’s Financial Instruments…

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Euro Exim Bank Taps Ripple’s xRapid for Cross-Border Settlements

Euro Exim Bank Taps Ripple’s xRapid for Cross-Border Settlements Euro Exim Bank, a London-based bank primarily focused on providing financial services for export and import companies, will become the first bank to publicly announce it is using the XRP cryptocurrency for cross-border payments. Ripple announced Tuesday that Euro Exim Bank, alongside payment startups JNFX, SendFriend, Transpaygo and…

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Cryptocurrency Bear Market Pressures Shapeshift into Layoffs

Cryptocurrency Bear Market Pressures Shapeshift into Layoffs The ongoing cryptocurrency bear market appears to have claimed yet another victim. The latest digital currency-related firm to announce a restructure is exchange platform Shapeshift. According to a Medium post by the company’s CEO, 37 of Shapeshift’s employees have been laid off. This represents around one third of the staff at the cryptocurrency…

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Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter

Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter The Federal Court of Australia has imposed a travel ban and frozen the funds of John Bigatton, a promoter of reported $2.6 billion Ponzi scheme Bitconnect, daily newspaper The Sydney Morning Herald reports on Jan. 5. Bigatton is reportedly listed as a director and shareholder of BitConnect International Plc and…

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Payment Network RippleNet Exceeds 200 Customers, Garlinghouse Highlights Fiat Volatility

Payment Network RippleNet Exceeds 200 Customers, Garlinghouse Highlights Fiat Volatility Crypto and blockchain company Ripple has reported today, Jan. 8, that 13 new financial institutions have signed up for the RippleNet payment network, bringing the total number of customers over 200. The new institutions range from locations including Sweden, England and Kuwait, with 40 countries in total across all…

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