Venezuela Converts Pension to Petro
Cryptocurrency News

Venezuela Converts Pension to Petro

Even though Venezuela’s Petro continues to be criticized on a global scale, it seems that the country is going all in to turn the currency mainstream. The oil-backed cryptocurrency is being forced onto the citizens of Venezuela who seem to have lost all confidence in Bolivar, the local currency. As …

UAE Exchange To Use Ripple Based Payment System | Coindelite News
Ripple News

UAE Exchange To Use Ripple Based Payment System

Popular companies and institutions across the world are rapidly adopting Ripple’s payment system called RippleNet. Now it is United Arab Emirates Exchange’s (UAE) turn. The firm is currently working with Ripple to launch a blockchain-based payment system in Asia by the first quarter of next year. On Thursday, Reuters published …

Crypto Project Basis Shuts Down
Cryptocurrency News

Crypto Project Basis Shuts Down

Basis, the cryptocurrency project that once made headlines is shutting down. The company was previously known as Basecoin and had raised $133 million through venture capital earlier this year. The fund was intended to be used towards developing a stablecoin, a type of cryptocurrency whose price remains fixed and is …

Checking and Savings Account Launched By Robinhood
Cryptocurrency News

Checking and Savings Account Launched By Robinhood

Robinhood, the Menlo Park-based company has announced the launch of savings and checking account for its US customers. This announcement was made through a blog post by the company. Robinhood serves as a crypto trading platform and also offers stock trading as its flagship service. The company has promised to …

IBM To Boost African Agribusiness with Blockchain

IBM has partnered with the U.S. based agriculture tech firm Hello Tractor to improve the African agriculture industry with blockchain. On December 11 IBM published a blog post announcing the partnership. The post says that the IBM Research team in Kenya is currently working with Hello Tractor’s developers to use …

UAE and Saudi Arabia Launch Cryptocurrency
Cryptocurrency News

UAE and Saudi Arabia Launch Cryptocurrency

The United Arab Emirates’ Central Bank is working on a cryptocurrency in collaboration with the Saudi Arabian Monetary Authority (SAMA). This cryptocurrency is not meant for the general public but will be used to carry out inter-bank transactions. According to the report that was published by Gulf News, the local …

Crypto Traders Can Buy/Sell Cryptos Using Gemini App | Coindelite News
Cryptocurrency News

Crypto Traders Can Buy/Sell Cryptos Using Gemini App

Gemini, one of the most popular cryptocurrency exchanges has announced that it is launching a mobile app. Tyler Winklevoss, the CEO, and co-founder of Gemini wrote in a Medium post that the application will allow customers to buy or sell cryptocurrencies. It will also provide market prices, portfolio values and …

American Express Appreciates Ripple's Technology | Coindelite News
Ripple News

American Express Appreciates Ripple’s Technology

Ripple’s fintech using blockchain technology is continuously growing and seems to be bearing positive results from all around the world. Ripple’s cryptocurrency named XRP has also established itself as one of the most important altcoins in the global market cap. The California based startup is receiving appreciation from significant players …

Indian Govt Panel Submits Advice For Crypto Regulation | Coindelite News
Cryptocurrency News

Indian Govt Panel Submits Advice For Crypto Regulation

The Indian government recently appointed a panel to suggest digital currency measures for creating the new legal framework. The panel has recently submitted its recommendations to the government. The document has not been made public yet, but still there a lot of speculations taking place by experts about what it …

Israel Cracking Down on Crypto Tax Evasion
Cryptocurrency news

Israel Cracks Down on Crypto Tax Evasion

Israel’s tax-collection authority has shifted its focus towards cryptocurrency investors and traders in an attempt to curb tax evasion. According to Calcalist, Israel’s financial daily, the Israel Tax Authority (ITA) is undertaking strict measures to identify the people who are hiding their cryptocurrency investments as a way to save money …