EXCHANGES

48 Cryptocurrency Exchanges Now Approved in the Philippines

[ad_1] The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority. Also read: FATF Releases Global Standards for Crypto Assets 11 Crypto Exchanges Registered by Central Bank The Bangko Sentral ng Pilipinas (BSP) has registered 11 cryptocurrency exchanges,
BLOCKCHAIN

Ethereum-Based Synthetic Asset Platform Loses Over 37M Tokens in Oracle Attack

[ad_1] The Ethereum-based synthetic asset issuance platform Synthetix has lost over 37 million synthetic ETH (sETH) in an oracle attack, according to a report by The Block on June 24.While the amount of sETH in question is known to be over 37 million, the price of this loss in U.S. dollars is reportedly unknown due to its relative illiquidity on secondary markets.Synthetix allows users to mint and trade synthetic currencies
BLOCKCHAIN

AICPA Proposes New Standards That Would Apply to Blockchain-Based Audit Data

[ad_1] The American Institute of Certified Public Accountants (AICPA) has proposed a new set of standards for audit evidence including accommodation for blockchain-based data, according to a report by trade publication Accounting Today on June 24.The new proposal, the so-dubbed Proposed Statement on Auditing Standards (SAS), Audit Evidence, will purportedly set guidelines on how preparers and auditors should evaluate audit evidence that is based on new tech such as blockchain
EXCHANGES

SWIFT Set to Allow GPI Payments For Blockchain Platforms

[ad_1] According to a recent report, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has announced that it will start permitting distributed ledger technology (DLT) companies to make use of its global payments innovation (GPI) platform. The new commodity is expected to increase savings in terms of balance sheets and push the movement of collateral. SWIFT and R3 Unveiled a Proof-of-concept (PoC) This news comes after the firm in partnership
Business

Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run

[ad_1] ThinkMarkets chief market analyst Naeem Aslam predicts that bitcoin (BTC) will hit somewhere between $60,000 and  $100,000 during its next bull run, according to a Fox Business interview on June 24.Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver. Bitcoin successfully reached the five figure mark on June 22, marking a record high that
BLOCKCHAIN

President of Uganda to Lead Blockchain Conference in Kampala in July

[ad_1] The President of Uganda, Yoweri Museveni, will officiate the 2019 Africa Blockchain Conference, according to a report by Kabuubi Media Africa on June 24According to the report, The 2019 Africa Blockchain Conference — not to be confused with  The Blockchain Africa Conference 2019 which occurred in April — will be held from July 3 to July 4, and the theme is ’Africa 4.0:  Preparing Africa for the 4th Industrial
BLOCKCHAIN

Bitfinex CTO Hints at Maximum Leverage for Upcoming Derivatives Trading

[ad_1] Cryptocurrency exchange Bitfinex CTO Paolo Ardoino hinted at the maximum leverage for the exchange’s upcoming derivatives trading, in a tweet published on June 24.In the tweet, Ardoino purportedly indicated the maximum leverage for Bitfinex’ forthcoming derivatives trading, which resulted in a heated discussion between community members.In response to the answer whether it will be an isolated leverage, Ardoino said that it will be isolated at the beginning, adding that
BLOCKCHAIN

98% of BSV Transactions Used for Writing Weather Data on Blockchain: Report

[ad_1] More than 98% of transactions on the Bitcoin SV blockchain over the past 30 days have been used for writing data from a weather app, Twitter personality Painted Frog noted today, June 24.Citing data from bitcoin cash (BCH) blockchain visualiser Trends.cash, Painted Frog noted that the vast majority of BSV transactions have been implemented so far for sharing weather data through bitcoin sv-powered app WeatherSV. Performed actions on BSV blockchain
BLOCKCHAIN

US House of Representatives to Hold Hearing on Facebook’s Libra in July

[ad_1] The United States House Financial Services Committee will be holding a hearing on the social media giant Facebook’s proposed virtual currency Libra on July 17, according to a press release on June 24.The announcement comes by way of committee chairwoman Rep. Maxine Waters, who previously had called on Facebook to cease work on Libra until Congress and regulators had a chance to scrutinize the proposal:“Given the company’s troubled past,