News & Blog

Japan China cryptocurrency
Japan Urges China to delay its Cryptocurrency 1920 1080 Crypto Rand Group

Japan Urges China to delay its Cryptocurrency

Japanese finance minister Taro Aso has told G20 central bank governors and finance ministers to delay their digital currency plans, claiming that most countries are not ready to issue digital fiats – including China. Bloomberg Japan reports that Aso warned counterparts at a recent G20 summit of finance chiefs, held in Saudi Arabia over the…

Central bank cryptocurrencies
Bank of England Exec Says Cryptocurrencies are Crucial for Central Banks 1024 500 Crypto Rand Group

Bank of England Exec Says Cryptocurrencies are Crucial for Central Banks

The Bank of England’s (BoE) chief cashier, Sarah John, said it is “crucial” central banks research cryptocurrencies so they can strike a balance with private issuers. John said it was “really important” BoE and other central banks considered whether digital currencies could form the basis of a new payment system and, if so, “quicken the…

The Simpsons Blockchain
Blockchain and Crypto Explained in the last Simpson Episode 1024 500 Crypto Rand Group

Blockchain and Crypto Explained in the last Simpson Episode

The latest episode of The Simpsons, one of the longest-running American TV shows, has just explained how blockchain and cryptocurrencies work. In the episode “Frinkcoin” (S31, E13), Professor Frink introduces cryptocurrency to Lisa Simpson via “TV’s most beloved scientist, Mr. Jim Parsons” – who played Sheldon Cooper in The Big Bang Theory. Parsons goes on…

Binance Malta
Binance Allegedly Not Authorized in Malta 1024 500 Crypto Rand Group

Binance Allegedly Not Authorized in Malta

Binance is neither licensed to operate nor is it regulated in Malta, the country’s chief financial watchdog has said. The Malta Financial Services Authority (MFSA) issued a statement Friday denying it has ever regulated Binance or that the exchange has ever had left to operate in the island nation’s fledgeling cryptocurrency industry. Citing reports in…

Brazil cryptocurrency
Brazil Central Bank Launching a Cryptocurrency Like Payment Method 1024 500 Crypto Rand Group

Brazil Central Bank Launching a Cryptocurrency Like Payment Method

A new payments system is coming to Brazil later this year, promising almost instant transfers to compete against cryptocurrency. Called PIX, the project from the country’s central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, according to reports from Reuters and local crypto news site Livecoins…

Mt. Gox Creditor
Hedge Fund Offering $1,300 Per Bitcoin to Mt. Gox Creditor 1024 500 Crypto Rand Group

Hedge Fund Offering $1,300 Per Bitcoin to Mt. Gox Creditor

The New York-based hedge fund Fortress Investment Group has upped its offer as it looks to buy up creditor claims from Mt. Gox, the cryptocurrency exchange that monumentally collapsed in 2014, leaving thousands of bitcoin -holding customers out of pocket. Per Bloomberg, the hedge fund has made its decision “in the wake of this year’s…

European Libra
What Could The European Union do With Libra? 1024 500 Crypto Rand Group

What Could The European Union do With Libra?

Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t figure out what to do about Libra, the digital currency set to be released by…

Samsung S20 blockchain
Samsung S20 will Keep Blockchain Functionalities 1024 500 Crypto Rand Group

Samsung S20 will Keep Blockchain Functionalities

South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco. While the headline feature is undoubtedly the new camera, according to the official marketing material the phone will also improve on the integrated blockchain security features introduced a year ago on the Galaxy S10.…

Coinbase is Now a Principal Member of Visa
Coinbase is Now a Principal Member of Visa 1024 500 Crypto Rand Group

Coinbase is Now a Principal Member of Visa

Coinbase is now a principal member of Visa, according to a Feb. 19 announcement. This will allow it to issue debit cards without relying on third parties. The membership is an evolution of Coinbase’s current relationship with Visa, with the cryptocurrency exchange providing a Visa-based debit card. Called Coinbase Card, it allows customers residing in…

Blockchain carriers
Proof-of-Business Brings Blockchain to Carriers 1024 500 Crypto Rand Group

Proof-of-Business Brings Blockchain to Carriers

Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different countries. The Carrier Blockchain Study Group (CBSG) Consortium is one such collaboration doing just that. Launched in September 2017,…

Orange blockchain
Orange and T-mobile Testing Blockchain Platform 1024 500 Crypto Rand Group

Orange and T-mobile Testing Blockchain Platform

Four of the world’s biggest telecoms providers will cooperate on a joint pilot that could see blockchain technology applied to inter-operator roaming agreements. Per Mobile Europe, Deutsche Telekom and its United States-based mobile and wireless network operator T-Mobile US will team up with Spain’s Telefónica and Orange of France to pilot a blockchain-powered solution for…

Chinese crypto exchange
Chinese Crypto Exchange closes, Still $125 Million Left Unpaid 1024 500 Crypto Rand Group

Chinese Crypto Exchange closes, Still $125 Million Left Unpaid

Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users.  According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be exactly…

Russia money laundering
Russia Links Crypto and Money Laundering 1024 500 Crypto Rand Group

Russia Links Crypto and Money Laundering

The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as a potential money laundering risk. The bank issued an update to directive 375-P, which lists all signs of suspicious activity that may be linked…

Binance singapore
Binance Finding its Way to Singapore Crypto Market 1024 500 Crypto Rand Group

Binance Finding its Way to Singapore Crypto Market

The Monetary Authority of Singapore recently opened its doors to crypto by introducing the Payment Services Act. This policy is intended to regulate cryptocurrency payments and trading using regulations that currently govern traditional fiat payment services as a guideline. Any interested parties must apply for the appropriate licenses in Singapore, including a standard payment institution…

Okex India
Okex Expanding to India 1024 500 Crypto Rand Group

Okex Expanding to India

Despite ongoing uncertainty regarding cryptocurrency regulation in India, major global crypto exchange OKEx has just made another push in the country’s market. On Feb. 14, OKEx partnered with India’s largest cryptocurrency trading platform, CoinDCX, to launch a new crypto futures product in India. As part of the partnership, OKEx will make a major step into…