Former FATF Members Join Board of Advisors at Blockchain Company

[ad_1] Former members of the Financial Action Task Force (FATF) have joined the Shyft Network’s advisory team.In a press release shared with Cointelegraph on Oct. 28, public blockchain protocol Shyft Network announced that it was adding the former head of the Canadian delegation to the FATF, Josee Nadeau, and former FATF executive secretary Rick McDonell as members of its board of advisors. The FATF is one of the most important financial

Why Central Banks Are Not Designed for Democracies

[ad_1] Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Bankers Oversee

Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US

[ad_1] Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under the ticker CAN.Canaan reportedly filed a $200 million IPO draft request with the U.S. regulators in July, but the formal

CME Bitcoin Futures Chart Posts Another Gap to Fill Near $8,900

[ad_1] After a massive 42% price spike starting on Oct. 25, Bitcoin (BTC) looks like it has settled into a new range, at least for the time being.Sitting near $9,460 at press time, the future looks brighter for Bitcoin compared to when its price floated around $7,500, as long as the asset can hold current levels and press forward. Bitcoin, however, also posted another gap on the Chicago Mercantile Exchange’s (CME)

Paxos Launches Settlement Platform for Equity Securities After SEC Relief

[ad_1] Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities.In an Oct. 28 press release, digital asset trust company Paxos stated that it is moving forward with the launch of its blockchain-based settlement platform, having received no-action relief from the U.S. Securities and Exchange Commission (SEC).The SEC letter indicated that the agency will not take any

Major Latin American Development Bank Pilots Blockchain for Land Registry

[ad_1] The Inter-American Development Bank (IADB) is implementing three different blockchain pilot projects to test if blockchain technology is able to solve some of the problems of land titling and registries.On Oct. 28, blockchain startup ChromaWay reported that it is collaborating with IADB on a two-year project in Bolivia, Peru and Paraguay on an initiative called “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry.”Chromaway, which has experience

After Breaking New Records Bakkt Announces Crypto Consumer App

[ad_1] Following the all-time record of 1,179 contracts on October 25, Mike Blandina, Bakkt’s chief product officer, revealed the firm is launching another strategy after announcing its December options launch. Bakkt is releasing a consumer application so retail investors can “unlock the value of digital assets” via consumer payments. Also read: Cred to Demo Global Merchant Solution at Blockchain Week Kick-Off Bakkt Announces a Crypto Consumer App After Its Futures

China’s Blockchain, Tech Stocks Surge on Xi’s Comments

[ad_1] Chinese President Xi Jinping’s pro-blockchain comments were credited as the main reason behind the crypto market rally that has defied all expectations since last Friday. However, Xi’s remarks also benefited local tech firms. Shenzhen Tech Index Up to Highest Level in 8 Months On Monday, most of the tech companies traded in China, especially those betting on the distributed ledger technology (DLT), saw their stock price surging. The Shenzen

Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold

[ad_1] San Francisco-based cryptocurrency exchange Kraken is listing OmiseGO (OMG) and PAX Gold (PAXG) tokens.According to a blog post on Oct. 28, the exchange’s users will be able to deposit, withdraw and trade both assets starting Oct. 29. Kraken will roll out trading pairs between OMG and PAXG and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar. OmiseGO is a