News & Blog

Bank of america
Bank of America hired a Ripple specialist 1024 500 Crypto Rand Group

Bank of America hired a Ripple specialist

Bank of America, the second-largest bank in the US, appears to have hired a specialist for the implementation of blockchain-based payment network Ripple. Bank seeks Ripple team lead According to a job description on the professional social network LinkedIn, as of Oct. 10, Bank of America (BoA) had stopped accepting applications for what it calls…

taking donation in cryptocurrency
UNICEF is now accepting cryptocurrency 1024 500 Crypto Rand Group

UNICEF is now accepting cryptocurrency

Further to its previous blockchain exploits, UNICEF  is now accepting cryptocurrency. According to an announcement earlier today, UNICEF is setting up a “cryptocurrency fund” so that it can “receive, hold, and disburse donations of cryptocurrencies,” specifically Bitcoin and Ethereum. Thankfully it looks like UNICEF won’t be doing any trading with contributions made to the fund.…

Crypto Franc
Swiss central bank to create the Crypto Franc 1024 500 Crypto Rand Group

Swiss central bank to create the Crypto Franc

Trading tokenized assets could change after Switzerland’s central bank studies the use of a central bank digital currency, the Crypto Franc. A statement from the exchange’s subsidiary, SIX Digital Exchange (SDX), on Wednesday indicated that the exchange has partnered with the Swiss National Bank and the Bank of International Settlement’s Innovation Hub Centre on a…

French Bank invests in Lightning
French Bank invests in Lightning 1024 500 Crypto Rand Group

French Bank invests in Lightning

BipFrance, a partially state-owned French bank, invests in Lightning up to $8 million, thru developer ACINQ. State-owned Bpifrance funds Lightning development In a press release published on Oct. 9, Bitcoin technology company ACINQ confirmed the news that the French bank invests in Lightning. This brings its total investment to $10 million. The funding came from…

EU unifying crypto legislation
EU unifying crypto legislation 1024 500 Crypto Rand Group

EU unifying crypto legislation

Valdis Dombrovskis, finance commissioner, propose new rules to make EU unifying crypto legislation As Reuters reports, speaking before European Union lawmakers on Oct. 8, Dombrovskis stated: “Europe needs a common approach to crypto-assets such as Libra. I intend to propose new legislation on this.” Dombrovskis’s role Having served as Latvia’s prime minister and finance minister…

QuadrigaCX CEO’s widow gives $9M
QuadrigaCX CEO’s widow gives $9M to help victims 1024 500 Crypto Rand Group

QuadrigaCX CEO’s widow gives $9M to help victims

To assist with the repayments of user’s affected by the exchange‘s sudden collapse, QuadrigaCX CEO’s widow gives $9M from her personal assets. In a statement released yesterday, Jennifer Robertson outlined the settlement that’s been reached with the appointed trustee, Ernst & Young (EY). “I have now entered into a voluntary settlement agreement where the vast…

Bifinex and Tether are facing a major class-action lawsuit
Bifinex and Tether accused of market manipulation 1024 500 Crypto Rand Group

Bifinex and Tether accused of market manipulation

Bifinex and Tether accused of market manipulation. The exchange and its sister company are facing a major class-action lawsuit, with liabilities surpassing 1.4 trillion USD Plaintiffs David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein has brought this action “individually and on behalf of all others similarly situated.” They’re being represented by law…

Paypal is no longer part of the Libra association
Paypal is no longer part of the Libra association 1024 500 Crypto Rand Group

Paypal is no longer part of the Libra association

As announced on Friday, Paypal is no longer part of the Libra association, Facebook led project. A PayPal spokesperson told CoinDesk in a statement that the payments firm “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus on advancing our existing mission and business priorities as we…

Hyundai to invest deeply in the crypto industry
Hyundai to invest deeply in the crypto industry 1024 500 Crypto Rand Group

Hyundai to invest deeply in the crypto industry

Hyundai to invest deeply in the crypto industry through its blockchain and cryptocurrency branch, Hdac. They plan to invest $10 million in the industry, using the money to finance mainnet, Dapps, startups and a “cryptocurrency compensation system” Hdac says it wants to launch its mainnet during the first quarter of next year and has revealed…

Bitcoin is not the biggest asset anymore
Bitcoin is not the biggest asset anymore 1024 500 Crypto Rand Group

Bitcoin is not the biggest asset anymore

If you think Bitcoin is the most traded asset, then you are wrong! Even if it is accounting for 70% of all crypto assets market value. Bitcoin is not the biggest asset anymore, in trading volume. While concrete figures on trading volumes are hard to come by in this often murky corner of finance, data…

Mark Zuckerberg to testify on Libra
Mark Zuckerberg to testify on Libra 1024 500 Crypto Rand Group

Mark Zuckerberg to testify on Libra

Facebook’s COO Sheryl Sandberg agreed to testify before a U.S. House committee on October 29 about the company’s plan for a digital currency, but the panel refuses to schedule any hearing until Mark Zuckerberg commits to testifying on Libra, by January. The House of Representatives Financial Services Committee, which is seeking the testimony from Facebook…

Apple won’t follow Facebook on digital currency creation 1024 500 Crypto Rand Group

Apple won’t follow Facebook on digital currency creation

According to Tim Cook, Apple has no intention of creating any form of digital currency, and won’t follow Facebook in this path. Speaking in an interview with French media magazine Les Echos on Oct. 4, Tim Cook poured cold water on the idea that Apple could release its own currency tokens. “No,” he said when…

Coinbase responds to conflict of interest concerns 1024 500 Crypto Rand Group

Coinbase responds to conflict of interest concerns

Coinbase chief legal counsel responds to conflict of interest concerns that could be compromising Crypto Rating Council. In an interview with crypto media outlet The Block on Oct. 3, Brian Brooks addressed critics who claim the council’s compliance guidance might be affected by the private stakes of those involved. “Not legal advice” Coinbase has previously…

IKEA is integrating blockchain
IKEA is integrating blockchain transactions 1024 500 Crypto Rand Group

IKEA is integrating blockchain transactions

The Icelandic branch of the Swedish giant IKEA is integrating blockchain Smart contract and a licenced e-money to go thru an order with the local Nordic Store. The transaction was carried out on a platform provided by supply chain management firm Tradeshift and used “programmable digital cash” from ConsenSys-backed Monerium, according to an announcement from…

Mark Zuckerberg not committing to the launch date
Mark Zuckerberg not committing to the launch date 1024 578 Crypto Rand Group

Mark Zuckerberg not committing to the launch date

Interviewed on Thursday, Facebook’s CEO answered that he prefered to focus on everything being done the right way instead of committing for a launch date. Facebook CEO Mark Zuckerberg has refused to commit to the planned 2020 launch for the Libra cryptocurrency project. Talking in an interview with Nikkei on Thursday, Zuckerberg was asked about the expected date of…