Japanese IT firm GMO has confirmed that it plans to launch a stablecoin pegged to the Japanese Yen. This comes at a strategic time, where the stablecoin craze has never been bigger.
Bitwala and SolarisBank have teamed up to launch the first cryptocurrency bank. This is historic for Germany, which has been implementing pro-cryptocurrency policies for some time now.
Circle has made another strategic acquisition by purchasing SeedInvest. SeedInvest, a crowdfunding platform that has helped various companies raised $100 million, will help aid in Circle’s ultimate goal of seeking a federal banking license.
Tom Lee is clearly bullish on bitcoin, as he points out that it has been supported at a key level. In addition, he believes that institutional money will help drive bitcoin higher throughout the rest of 2018.
Cryptocurrency startup Veem just completed a new funding round that includes investors such as Goldman Sachs and Google Ventures. This is not surprising, given the exponential growth of the company, as it seeks to disrupt the global payments sector.
One of the largest banks in China issued over $1 billion worth of securities utilizing blockchain technology. This marks a milestone, as the country’s financial institutions are implementing blockchain more than ever, due to their transparency.
The U.S. representative met with 50 of the most influential leaders in the cryptocurrency to discuss regulation. Both sides seem to agree that a framework needs to be created so that the U.S. can be a potential industry leader.
The Japanese banking giant plans on rolling out the “S Coin” in an attempt to dominate the mobile payments sector. This new project fits the overall vision of the company to ultimately help Japan turn cashless.
Key employees from Peter Thiel-led startup Block.One have left to form their own venture, StrongBlock, claiming that their former company did not address a specific need in the blockchain marketplace.
Visa’s blockchain-based B2B project is gaining massive popularity in Asia. Thailand’s fourth-largest bank, Kasikornbank, has signed on to test the platform, which aims to increase transparency and efficiency in the world of cross-border corporate payments.