News & Blog

privacy on blockchain
Samsung pushing for privacy on blockchain 1024 500 Crypto Rand Group

Samsung pushing for privacy on blockchain

Samsung SDS is enhancing privacy on its Nexledger blockchain with zero-knowledge proofs (ZKPs). The company’s technology arm of the South Korean behemoth said Thursday it had formed a partnership with Israel-based QEDIT to record and authenticate the transfer of assets on a shared ledger without revealing underlying confidential information, ensuring privacy on blockchain. The step…

Tron CEO
Tron CEO admits being involved in Poloniex investment 1024 500 Crypto Rand Group

Tron CEO admits being involved in Poloniex investment

After denying his involvement initially, Tron CEO Justin Sun, said he is part of the investor group that recently acquired Poloniex from fintech firm Circle. Speaking at a joint Tron-Poloniex event live-streamed over Twitter on Tuesday, Sun said Tron was among several investors in the exchange, but the exchange is operated independently from his company.…

alibaba
Alibaba entering the crypto space 1024 500 Crypto Rand Group

Alibaba entering the crypto space

Chinese retail giant Alibaba has partnered with crypto startup Lolli, rewarding customers in bitcoin for purchases, despite a mixed relationship with crypto. One of the world’s most successful retailers, Alibaba, has unexpectedly entered the world of crypto, partnering with bitcoin rewards app Lolli. Alibaba—a China-based retailer who counts multinational behemoth Amazon among its closest rivals—has…

RBC
RBC: 16 million clients about to push the gates to crypto 1024 500 Crypto Rand Group

RBC: 16 million clients about to push the gates to crypto

According to a report from The Logic, The Royal Bank of Canada (RBC), Canada’s major global bank, is set to open a cryptocurrency exchange. The media outlet claims it has learned that the RBC wants to allow customers to trade in cryptocurrencies such as Bitcoin and Ethereum for investment purposes, as well as providing a…

French Central Bank
French Central Bank reveals its Blockchain plans 1024 500 Crypto Rand Group

French Central Bank reveals its Blockchain plans

French central bank, Banque de France, is seeking a blockchain analyst who will help the bank define a program for implementing digital currency. In a job opening posted on October 16th and listed under the Financial Stability and Operations branch of the bank, the bank called for an analyst with experience in crypto-economics, game theory…

store customers Bitcoins
Bakkt ready to store customers Bitcoins 1024 500 Crypto Rand Group

Bakkt ready to store customers Bitcoins

After NY approval, Bakkt is about store customers Bitcoins 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,…

Singapore JPMorgan
Singapore created a Blockchain forex payment solution with JPMorgan 1024 500 Crypto Rand Group

Singapore created a Blockchain forex payment solution with JPMorgan

Singapore central bank says it has developed a blockchain-powered prototype for foreign exchange payments – and wants other central banks to follow suit. The Monetary Authority of Singapore (MAS) stated, in a press release, that its new solution was developed in conjunction with JPMorgan and state-owned Singaporean holding company Temasek, and is “currently undergoing industry…

Power ledger is pushing Australia on a Blockchain 1024 500 Crypto Rand Group

Power ledger is pushing Australia on a Blockchain

Australian blockchain energy firm Power Ledger has partnered with a local energy retailer to roll out its technology in South Australia. Power Ledger’s blockchain-based software will allow Australians to pool their excess solar and battery storage to a Virtual Power Plant for greater control and management over their energy. Commercial deal with Australian electricity wholesaler…

SEC
This company thinks they have the keys to convince the SEC 1024 500 Crypto Rand Group

This company thinks they have the keys to convince the SEC

The SEC Has Rejected Every Bitcoin ETF this far, but Wilshire Phoenix thinks it knows how to get a bitcoin exchange-traded fund (ETF) approved. The relatively young financial firm in New York, filed to launch the United States Bitcoin & Treasury Investment Trust ETF in May with NYSE Arca. At that point, a dozen bitcoin…

Russia is planning on achieving the impossible 640 360 Crypto Rand Group

Russia is planning on achieving the impossible

Is bitcoin confiscation really impossible? Russia is planning on creating legal statutes allowing the government to do it. As local financial news outlet RBC reported on Nov. 7 citing sources familiar with the matter, Russia’s interior ministry will work with various state organs to draw up the plans, which could enter into law in 2021. …

Turkish lira
Turkish Digital Lira is almost ready 1024 500 Crypto Rand Group

Turkish Digital Lira is almost ready

After facing one of the worst currency and debt crises in its history, the Turkish lira fell so dramatically that on May 23, 2018, foreign exchange markets in Istanbul ceased trading lira due to extreme lows. The aftermath of the crisis forced credit rating agencies to downgrade Turkey’s debt and credit ratings, with many analysts…

https://www.coindesk.com/binance-to-advise-ukraine-government-on-upcoming-crypto-regulation
Ukraine advised by Binance to regulate cryptocurrencies 1024 500 Crypto Rand Group

Ukraine advised by Binance to regulate cryptocurrencies

Ukraine will receive help from the cryptocurrency exchange Binance to prepare them to regulate cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies…

hong kong
Hong Kong will start accepting and regulating crypto exchanges 752 367 Crypto Rand Group

Hong Kong will start accepting and regulating crypto exchanges

Hong Kong’s financial regulators released their regulatory framework and are now accepting applications from crypto exchanges. The Securities and Future Commission (SFC) met with virtual asset trading platform operators to discuss their businesses and explain the SFC’s regulatory expectations, covering aspects of custody, know-your-customer requirements, anti money laundering rules and market manipulation, besides issues specific…

hong kong
Hong Kong: New Crypto exchange regulations 1024 500 Crypto Rand Group

Hong Kong: New Crypto exchange regulations

UPDATE: Regulation position paper is now available Chief Executive Ashley Alder told a fintech conference in Hong Kong that financial regulator will publish a framework for cryptocurrency exchanges later on Wednesday. Market watchdogs worldwide are debating if they should regulate the cryptocurrency industry and how, as they widen focus beyond mostly protecting investors from scams…

power grid
Georgia: Bitcoin mining is sucking the country’s power grid dry 1024 500 Crypto Rand Group

Georgia: Bitcoin mining is sucking the country’s power grid dry

Georgia is reportedly having its power grid sucked dry from Bitcoin mining. But it doesn’t matter because the country has reserves of hydroelectric power. According to BBC Sounds podcast, Business Daily, Georgia is now the world’s third-largest miner of Bitcoin, behind China and Venezuela. However, it’s not good news for some. David Chapashvili from Green…