Ex-Morgan Stanley Exec Joins His Former Colleagues at Shenzhen Crypto Firm

Chinese cryptocurrency company Amber Group recruited ex-Morgan Stanley Asia head of derivatives Jeffrey Wang. Former Morgan Stanley Asia head of derivatives Jeffrey Wang officially joined Amber Group, a Shenzhen-based cryptocurrency company. As Bloomberg reported on Aug. 23, Wang will operate out of Vancouver as the head of Americas for Amber. According to the article, he previously worked at Morgan Stanley with four out of the five Amber’s founders, and two of them — Wayne Huo and Tony He — used to report directly to Wang. No rest for the crypto…

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Can Blockchain Become an Integral Part of Autonomous Vehicles?

Blockchain technology is driving the development of autonomous vehicles and their communication with the world around them. A decade ago, the thought of self-driving cars was far from reality, but with 2020 looming large, massive strides have been made in the field of autonomous vehicles. Meanwhile, in the space of a decade, Bitcoin has thrust cryptocurrencies and blockchain technology into the mainstream consciousness. The latter has become a tool that is quickly being integrated into the world of finance, governance, logistics as well as the motor industry. Some of the…

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Telx Technologies Launches First Crypto-Facilitating SIM Card

Telecommunications company Telx Technologies announces the launch of the first cryptocurrency SIM card wallet that enables transactions via SMS. Cryptocurrency and telecommunications company Telx Technologies announced the launch of the first crypto SIM card wallet that enables transactions via SMS. According to the company’s Medium post published on Aug. 22, the card allows its users to send cryptocurrencies via SMS with their dedicated crypto phone number. Notably, these transactions do not require a smartphone or an active Internet connection. On the other hand, the system also offers no control over…

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Bitcoin Hovers Around $10,130 as Altcoins Suffer Minor Losses

Most of the top 20 cryptocurrencies are suffering moderate losses on the day while Bitcoin hovers around the $10,130 mark. On Aug. 24, most of the top 20 cryptocurrencies are suffering moderate losses on the day while Bitcoin (BTC) hovers around the $10,130 mark. Market visualization courtesy of Coin360 Bitcoin price is currently down by 0.6% on the day, trading at around $10,130 at press time, according to Coin360. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by its market capitalization, which…

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Binance Offers Lifetime VIP Membership to KYC Leak Victims

Major cryptocurrency exchange Binance will compensate its users affected by the recent Know Your Customer images leak with a lifetime VIP membership. Major cryptocurrency exchange Binance announced that it will offer a lifetime VIP membership to all its users affected by the recent Know Your Customer (KYC) images leak on the platform. According to the official blog, currently Binance is “actively contacting all potential victims with […] guidance on privacy protection and restitution,” and highly recommends “affected users to apply for new identification documents in their respective region.” The post…

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Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Circle’s CEO said that his company has long held that sovereign currencies will be tokenized, and that global money tokens are on the horizon. Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major fiat currencies would eventually be tokenized. Significant digital currencies In an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle has thought for years that sovereign currencies would eventually be digitized. He stated: “When we got started with Circle back in…

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Cointelegraph Launches Korean HQ in Seoul, Expanding Presence in Asia

Cointelegraph celebrates continued growth with the launch of our Korean language version and the opening of a new office in Seoul. Cointelegraph is pleased to announce that we are continuing to increase our presence in Asia with the launch of Cointelegraph Korea. Today, Aug. 23, we celebrated the launch of a Korean-language version of Cointelegraph and the opening of our Korean headquarters in Seoul. To commemorate the move, Cointelegraph hosted an event in the city’s financial district, attended by over 150 guests from the finance and blockchain industries. Guests included…

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Blockchain Wallet Adds Support for Crypto Payments Processor BitPay

Blockchain Wallet is now fully integrated with crypto payment processor BitPay, allowing Blockchain users to conduct payments through its digital wallet. Crypto wallet service Blockchain Wallet has integrated cryptocurrency payment processor BitPay. Payments conducted through Blockchain Wallet Blockchain announced the news on Aug. 23, stating that it now allows its users to copy or scan invoices, allowing them to make a Bitcoin (BTC) payment entirely through its wallet app.  The new functionality reportedly allows users to purchase products and services available via BitPay’s online network while retaining ownership of their…

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House Financial Services Committee Will Continue Libra Review

Maxine Waters, the chair of the House of Representatives’ Financial Services Committee, says continuing to review Facebook’s crypto activities is on its fall agenda. Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra. A priority for autumn 2019 Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement, the committee plans to receive the testimony and opinions from governmental officials and regulators.  Specifically,…

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Bithumb Exchange to Launch Cryptocurrency Listing Committee

South Korean crypto exchange Bithumb is forming a new committee to oversee its crypto listing process, which will convene monthly to make listing decisions. South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform. A monthly check by experts South Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation Committee, will review the exchange’s listings once a month, per the report.  The committee will…

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