Dub 18

What is NAGA Coin (NGC)?

· April 18, 2018 · 5:00 pm

NAGA takes the stress and pain out of managing multiple investment accounts across a multitude of trading platforms by offering a base to meet every cryptocurrency investor’s needs – and it’s all powered by the NAGA COIN.


A Unified Platform

The way things stand today, banks and financial institutions around the world are in almost complete control of financial access – setting the rules and keeping things far from transparent. Because of this, the amount of liquidity present in the virtual marketplace is stymied, and there’s no unified interface providing access to cryptocurrency marketplaces.

However, NAGA – a German fintech company developed by the Naga Group – aims to establish a singular trading platform which will single-handedly facilitate the simple exchange of both stocks and digital assets in a secure and effective manner.

Powered by NGC

NAGA’s trading platform, as well as its overarching ecosystem, will be driven by the NAGA COIN (NGC).

The NAGA COIN is a decentralized cryptocurrency used for both trading and investing in financial markets, virtual goods, and other cryptocurrencies. Because it is used as a unit of account within the ecosystem, NGC is classified as a utility token. Read more about the utility structure of the token in the Medium article published in The NAGA COIN account.

NAGA Coin Ecosystem

All existing NGC tokens were created on the Ethereum blockchain and thus abide by the standard ERC20 protocol through smart contracts. The distribution phase of NGC has already completed, and 77,910,266.15769 NGC tokens were put into circulation. All unsold tokens were burned.

It is the creation of this decentralized cryptocurrency that helps solve issues related to high processing fees and transaction charges caused by unnecessary intermediary interference.

Everything that happens in NAGA’s ecosystem revolves around NGC. The token may be used to pay fees, act as collateral, and serve as the primary currency for all transactions – making it the main driver of the company’s sustainable economy in which demand is ever-increasing as more users, game publishers, and big-money financial institutions flock to the ecosystem.

As noted by the company, additional benefits of holding the NGC token include:

  • Reduced trading fees on NAGA TRADER, as well as on every asset using an NGC account. For example, NGC users will pay 50% less on trading commissions for each trade they perform on NAGA TRADER.
  • Cashback on a per-trade basis performed by NAGA TRADER using an NGC account.
  • Double crediting of copy bonuses on NAGA TRADER using an NGC account.
  • Lower trading fees for every asset listed on Switex.
  • Membership in the Switex Cashback Program.
  • Discounted purchase of ad credits for the Switex and NAGA TRADER AdManager.
  • Community status and free access to paid and premium content.
  • Users also benefit from the digital transformation of the largest industries in the world.

Of course, NGC is also seamlessly integrated into the NAGA WALLET, which affords users the ability to send and receive cryptocurrencies by just using a registered email address – thus eliminating the stress that comes with copying and pasting lengthy cryptographic addresses. NAGA WALLET also offers zero fees on internal transactions, an ICO hub, real-time updates on token prices, instant transactions, multi-currency support, and a built-in exchange.

If you would like to start investing in NAGA COIN, NGC trading pairs are currently being offered on HitBTC, OKEx, CobinHood, and Cryptology. You can also find out more about the cryptocurrency and its ecosystem on NAGA’s official website.

What do you think about NAGA and the NAGA COIN (NGC)? Are you interested in the project’s unified platform and singular cryptocurrency? Let us know in the comments below!


Images courtesy of NAGA

Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Dub 17

Verge (XVG) ‘Penetrates’ Market with Pornhub Partnership

· April 17, 2018 · 5:00 pm

Pornhub, a pornographic video sharing website and one of the largest pornography sites on the internet, has officially announced a partnership with privacy-focused cryptocurrency Verge (XVG).


‘Penetrating the Market’

According to an official announcement from the Montreal-founded pornography hub, users are now able to pay for Pornhub’s premium subscription with XVG. The cryptocurrency will also be accepted by popular sister sites Brazzers and Nutaku. Reads the announcement:

The future has come. In our efforts to keep current with our community’s privacy and payment preferences, Pornhub will now be accepting Verge as a means of payment for services like Pornhub Premium and more, on our platforms. Building on Verge’s core values of security, anonymity and practicality, the introduction of this cryptocurrency as a means of payment Pornhub signifies an important foray into the future from the industry that is always on the cutting edge of technology.

Pornhub’s vice president, Corey Price, also told The Verge (no relation):

We’ve been looking at crypto for quite some time […] overall adoption is relatively low, we think it has gained enough steam for us to penetrate the market.

Verge - 'Penetrating the Market'

Greasy Palms

Pornhub’s foray into digital currency has been well-received by the Verge community, who have been expecting a revolutionary announcement from the project following the team’s promise “to announce efforts to establish the largest cryptocurrency collaboration to hit the market” and subsequent soliciting of donations.

Though some naysayers may claim that the announcement isn’t a particularly big deal, it is hard to deny that the privacy coin’s acceptance on some of the biggest pornographic websites in the world is a use case worth bragging about — especially for those unwilling to fork over their credit card information for a premium subscription.

Immediately after the announcement was made, however, the price of XVG plummeted from just under $0.12 to under $0.07 — though, admittedly, buying the rumors and selling the news is commonplace in the cryptocurrency space, as speculators look to profit from the FOMO (fear of missing out) of others.

At the time of this writing, XVG is currently trading at $0.08.

What do you think about Verge’s partnership with Pornhub? Do you think it’s an announcement worthy of the hype, or do you find it a bit flaccid? Let us know in the comments below!


Images courtesy of Verge, DepositPhotos

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Dub 15

Hong-Kong Based Exchange OKEx Plans to Move to Malta

· April 15, 2018 · 4:00 pm

OKEx, one of the largest exchanges in the world, has announced plans to move to the European island, Malta. This announcement came quickly after a similar announcement made by Binance, one of OKEx’s main competitors.


In an attempt to gain an understanding of the political climate around cryptocurrencies in Malta, OKEx’s executives met with the Maltese government. While many EU countries are taking a standoff-ish, if not downright hostile, approach to cryptocurrency, Malta – which aims to become a ‘global pioneer’ for cryptocurrency – has proven to be extremely welcoming to crypto and blockchain businesses.

Currently, OKEx only offers crypto to crypto trading along with a futures market. OKEx is currently based in Hong Kong, which has probably made it difficult for the exchange to obtain the required licenses to allow for a fiat gateway to be opened in collaboration with banking systems.  However, some suspect that with the move to Malta, that the exchange will open fiat to crypto trading, which will become an essential part of any successful exchange in the near future. 

OKEx CEO Chris Lee stated:

We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.

Malta – a Global Pioneer for All Things Crypto

Since the rise of the cryptocurrency industry, Malta has been continually open to accepting companies who are looking for a bit more wiggle room with regard to regulations. As a result of this, Malta has established itself as the crypto and blockchain ‘go to’ locale as more startups and exchanges flock to the country.

Malta - a Global Pioneer for All Things Crypto

Earlier in 2018, Malta’s government announced their plans for a new segment of the government called the Digital Innovation Authority which aims to provide full legitimacy for blockchain and cryptocurrency companies alike.

It is unlikely that Malta will be averse to any legitimate cryptocurrency or blockchain company in the future as their policy plans indicate that they are willing to keep cryptocurrency rules minimal.

OKEx Chief Risk Officer and Head of Government Relations noted:

Malta’s Virtual Financial Asset Act is a solid foundation for the industry and the government to work together in fostering the nascent blockchain/digital asset industry. More specifically, Malta’s sound risk-based approach will help cultivate a responsible, compliant, and healthy ecosystem.

Do you think that the cryptocurrency and related technology industry will flourish in Malta? If not, where else? Let us know in the comments!


Images Courtesy of  AdobeStock, iStockPhoto

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Dub 14

Venezuela Decrees Petro ‘Cryptocurrency’ as Legal Tender

· April 14, 2018 · 5:00 pm

All transactions involving government institutions in Venezuela must now accept Petro — the first ever state-issued cryptocurrency — as legal tender, according to an official proclamation in the country’s Official Gazette on April 9. From that date, every such institution has 120 days to comply.


All Petro Everything

Venezuelan President Nicolás Maduro has ordered all institutions under the government’s umbrella to accept Petro as legal tender.

As reported by Bloomberg, the government of Venezuela has created a National Cryptocurrency Treasury which will be the sole regulator of all digital assets in the oil-rich country. Abrahan Landaeta has been appointed to lead the Cryptocurrency Treasury, while Anthoni Camilo Torres has likewise been appointed as the head of virtual exchanges.

Maduro Dancing to His Own Tune

The decree isn’t particularly surprising, given Venezuelan President Nicolás Maduro’s ultra-bullish stance on his government’s pet project, which he claims has already raked in $5 billion from Chinese, Russian and Mexican investors. However, these numbers come directly from Maduro’s administration, and many are skeptical as to their accuracy.

Venezuela is currently in the throes of severe economic issues, including hyperinflation. As noted by Bloomberg, “The International Monetary Fund forecasts inflation will hit 13,000 percent by year-end, while the economy is set to contract 15 percent.” Meanwhile, extreme food shortages have led to malnourishment and hunger, while unemployment continues to skyrocket. No matter how bullish one might be on cryptocurrency, it’s difficult to see how Petro could effectively solve these problems.

The Role of the Petro

From an objective viewpoint, it’s also difficult to understand why any foreign investor would purchase Petro tokens, other than as a means of circumventing U.S.-imposed economic sanctions against Maduro’s government.

Petro is supposedly backed by the oil-rich country’s natural resource, but some experts claim that oil has yet to be drilled — and the government itself isn’t even in complete control of the nation’s oil-drilling operations. Furthermore, the token’s only use case has thus far been to pay Venezuelan taxes, though it appears that it will soon be used to pay for anything and everything government related.

Cryptocurrency research sites that actually took the time to examine the state-issued cryptocurrency have unanimously labeled it a scam.

What do you think about Petro’s increased importance in Venezuela’s plan to save itself from complete and utter economic collapse? Let us know in the comments below!


Images courtesy of Wikipedia Commons, Bitcoinist archives, Bloomberg.

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Dub 12

Mike Novogratz Hires Goldman Sachs Exec for Crypto Merchant Bank

· April 12, 2018 · 3:30 pm

Famous cryptocurrency investor and trader Mike Novogratz has hired a Goldman Sachs executive for his cryptocurrency merchant bank.


 $40K Bitcoin by End of 2018?

Last November, Mike Novogratz made headlines when he predicted that Ethereum would hit $500 by the end of 2017 and Bitcoin could reach $40K by the end of 2018. Novogratz’s prediction for Ethereum proved true as the cryptocurrency actually surpassed $500 and even almost hit $1400.

Mike Novogratz

Since then, the whole cryptocurrency market experienced a major “shakedown” and dropped from a total market capitalization of over $8oo billion to $260 billion. The big correction may have caused uncertainty for retail traders, but many institutional investors are confident that a correction to the market was due and will soon stabilize. Some analysts predict that the total market cap for cryptocurrency could far surpass its old all-time high.

From Wall Street to Cryptocurrencies

This optimism for the cryptocurrency space is leading quite a few people from Wall Street to make the jump into the crypto world. One of the more notable of these individuals is Mike Novogratz, who was one of the first institutional investors to start seeing a future for cryptocurrencies.

Novogratz didn’t only bring millions of dollars to the cryptocurrency space, but he also brought years of trading and investing experience that he gained from Wall Street. Last December, the legendary investor announced that he would launch one of the world’s largest cryptocurrency hedge funds. The fund was supposed to launch on December 15th but, due to uncertainty in the market situation, was put on ice. He then turned his attention to creating a merchant bank, Galaxy Digital, that would serve the blockchain and cryptocurrency space back in January.

merchant bank

But Novogratz won’t be investing alone. According to CNBC, Novogratz has hired Goldman Sachs executive Richard Kim for the position of the chief operating officer for Galaxy Digital. Even though Novogratz’s fund launch is still paused, he stated the following to CNBC:

We are still feverishly building out a full merchant bank for crypto, i.e., I am still very bullish on the space.

The new hire is part of an ongoing trend and shows that, in the future, more Wall Street executives may switch from traditional trading instruments like stocks and bonds to a market with a brighter future, such as cryptocurrency and digital assets.

What are your thoughts on Novogratz’s decision to hire a Goldman Sachs executive for his COO? Do you think that the fund will eventually be launched and receive interest from non-cryptocurrency investors? Let us know in the comments below!


Images courtesy of  Pixabay and Bitcoinist archives.

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Dub 05

Experts: Cryptocurrency is ‘A Multi-Decade Trend’ and ‘Proxy for True Freedom’

· April 5, 2018 · 3:00 pm

2018’s cryptocurrency charts have you feeling blue? Don’t worry. According to some experts, there are still plenty of riches to be made by investing in market leaders.


‘Still way too early’

In 2017, plenty of individuals joined the new crypto-rich crew. However, many also became crypto-poor — having been left holding the bag after buying at all-time highs. Explained Invest.com Senior Analyst Jesse Cohen to Forbes:

It’s safe to say that the price action in the crypto market over the past few months has been very ugly. All the major coins have suffered steep double-digit declines since the start of the year and are all trading below their respective 200-day moving averages, which usually signals more losses ahead.

However — though nobody can predict the future — it would be foolish to assume that “Bitcoin is dead,” “the cryptocurrency bubble has popped,” or that any other FUD-filled statement repeated time and time again has finally come to fruition. Explains Cohen:

We’ve seen Bitcoin do this before, where it plunges sharply over a prolonged period only to violently bounce back to new highs in a short time. While it isn’t looking too hot at the moment, it’s still way too early to call the end of Bitcoin, or cryptos in general.

Bitcoin

‘A Multi-Decade Trend’

“Way too early,” indeed. In many respects, cryptocurrency and its underlying blockchain technology is only really starting to gain traction now, with the majority of projects still in their developmental stages. Meanwhile, most of those that are already developed are still struggling to gain mainstream adoption — something many digital currency proponents see as an inevitability. Aaron Lasher, BRD CMO and co-founder, agrees, saying:

The game isn’t over, Digital scarcity is a major innovation in money and value, and we’re in the initial stages of a multi-decade trend towards tokenization of assets.

He also goes so far as to call cryptocurrency’s potential life-changing, asking Forbes:

If sending money globally as easily as an email doesn’t impress you, how about the ability to store your life savings in your head, then walking your family across a war-torn border to safety?

cryptocurrencies

‘True Freedom’

Those who care less about the life-changing applications of cryptocurrencies and more about the potential riches and “true freedom” to be gained by speculating in the market also have reason for optimism. Explained Lasher to Forbes:

Getting rich with cryptocurrency is a proxy for true freedom, a personal financial situation that is largely immune to the politics, flaws, and vicissitudes of an interconnected, global system — an oasis of security and a platform for individual pursuits.

Do you think the cryptocurrency bubble has burst, or do you think the market has only begun to show its true potential? Let us know in the comments below!


Images courtesy of Shutterstock, Pixabay, and Bitcoinist archives.

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Dub 02

When Lambo? Cryptocurrency Millionaires Cause Supercar Sales Spike

· April 2, 2018 · 3:00 pm

Lamborghini sales have indeed been boosted by the cryptocurrency community’s obsession with the Italian supercar — but is that really all investors should aspire to achieve?


When Lambo?

As noted by Business Insider, rich individuals in Silicon Valley don’t generally flaunt their wealth — instead favoring a more casual, humble, and work-focused approach. That’s not the case with the newfound ‘crypto-rich,’ however.

Lamborghini

In a young industry full of newfound bag-holders looking who bought high and sold low during the epic bull-run and subsequent collapse over the last five months, the words “When Lambo?” have been sarcastically (and seriously) asked on virtually every cryptocurrency-related social media thread one can possibly find.

Though most users asking that question will never get behind the wheel of a Lamborghini, plenty of cryptocurrency investors have struck it rich by getting involved with the likes of Bitcoin, Ethereum, Ripple, and others early on — which has, in turn, helped boost sales of the much sought after Italian supercar.

Now Lambo!

As reported by Lamborghini, 2017 proved to be another record year for the luxury automobile maker. The company delivered 3,815 vehicles last year, marking seven straight years of positive sales growth.

Perhaps unsurprisingly, more than a few of those automobiles have been purchased with cryptocurrency.

Lamborghini

Pietro Frigerio, the dealer principal and general manager at Lamborghini Newport Beach in Costa Mesa, California, told CNBC’s Make It that Lamborghini sales spiked when Bitcoin reached all-time highs in December 2017, saying:

We went from one, maybe two transactions a month from 2013 until 2016, and in [December 2017] alone we had over 10 transactions.

One particularly famous Lamborghini buyer is Peter Saddington, a 35-year-old coder living in Atlanta, who became internet famous after purchasing a 2015 Lamborghini Huracan, worth $200,000, with 45 bitcoins — which he purchased for less than $3 per bitcoin in 2011. Saddington remarked to Yahoo Finance:

Buying the Lambo with bitcoin is proof it can be used for real transactions, buying really cool stuff. It’s not only used by criminals.

Really? Lambo?

Not everyone in the cryptocurrency space is so keen on Lamborghini purchases as a means of flaunting one’s newfound wealth.

Ethereum creator Vitalik Buterin — who recently contributed to a $1 million donation in OmiseGO (OMG) tokens to refugees living in poverty — once lambasted ‘#WhenLambo’ cryptocurrency investors on Twitter.

In a statement regarding Buterin’s and OmiseGO’s donation to impoverished refugees, the collective wrote:

The crypto economy has grown immensely over the last year, bringing a great deal of wealth to many people and organizations within the ecosystem. In part we simply see an exciting opportunity to share that wealth. We hope the fortunes made in the crypto space will lead not to extravagant lifestyles but to extravagant generosity.

Though we’re not one to tell people how to spend their money, don’t expect to find ‘When charity?’ questions to be asked by eager Redditors on the Verge subreddit anytime soon.

What do you think about the cryptocurrency community’s desire to buy, above all things, Lamborghinis? Do you think cryptocurrency-generated wealth could be better served? Let us know in the comments below!


Images courtesy of Bitcoinist archives, Pixabay, and Twitter/@VitalikButerin.

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Bře 30

South Korean Exchange YouBit’s $2.8 Million Insurance Claim Denied

· March 30, 2018 · 2:30 pm

The Seoul-based cryptocurrency exchange Youbit has seen its insurance claim denied by a South Korean insurance company following a high-profile cyber attack in December.


Rejected!

Youbit was hacked twice in 2017. The first cyber attack on the little-known exchange took place in April and saw 4000 BTC covertly liberated from Youbit’s stores. The exchange never fully recovered before it was hacked again in December, losing an estimated 17 percent of its total assets.

Youbit is operated by Yapian Corp. According to The Wall Street Journal, the operators filed a claim with DB Insurance Co. – one of South Korea’s largest property-and-casualty insurance companies. Notes the report, the policy “had taken effect just weeks before,” and “covered up to $2.8 million in damages for an annual premium of about $244,400.”

On Thursday, DB Insurance confirmed its rejection of Yapian’s claim in February. The company was seeking the maximum $2.8 million. No reason for the denial was provided.

Going Broke

In December, Bitcoinist reported on Youbit’s announcement that it has filed for bankruptcy following the second hack. Read the announcement:

I am very sorry to inform you again with the sad news. After the accident in April, we made every effort to strengthen security, recruit personnel, and reduce hot wallet storage… In the meantime, due to the hacking of our company at 4:35 in the morning, funds have been lost from your wallet.

Youbit claimed it would go through a formal bankruptcy procedure to minimize customer fallout, but that balances would still auto-adjust to a fraction of their former worth, with the aim to refund once formal proceedings are over. Said the exchange:

Through various measures such as the sale of cyber comprehensive insurance (3 billion [won]) and the operating rights of the company, the loss to members is expected to be lower than 17%… I will make every effort to minimize this.

DB Insurance’s denial of Yapian’s claim will certainly not help matters.

What do you think about DB Insurance’s denial of Yapian’s claim for $2.8 million in damages? Do you think that cyber attacks against cryptocurrency exchanges will continue to increase? Let us know in the comments below!


Images courtesy of Pixabay

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Bře 28

Uphold Adds Ripple (XRP) Buy / Sell Options to Its Digital Money Platform

· March 28, 2018 · 2:00 pm

Uphold, a cloud-based digital money platform enabling users to buy, hold, convert and transact various currencies, commodities, and cryptocurrencies, has now launched the trading of Ripple’s XRP.


Uphodl XRP

Uphold users are now able to purchase XRP directly from the website with no transaction fees for the first 5 million XRP purchased, and they may convert the cryptocurrency into seven other cryptocurrencies, 23 fiat currencies, and four precious metals.

In a press release published earlier today, Uphold CEO Adrian Steckel explained:

There has been huge demand for XRP, and Uphold is one of the first platforms to make XRP easily accessible.

This announcement does not come as a surprise. As noted by Yahoo Finance, the company previously received $57.5 million in funding from a former Ripple executive.

Uphold vs. Coinbase

Uphold – which also offers Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Dash, and BAT – now represents one of the largest places to buy XRP.

Coinbase, the popular San Francisco-based cryptocurrency brokerage site, currently does not offer XRP, though rumors continue to swirl that Ripple’s cryptocurrency will soon be added to the platform. Coinbase, however, as thus far seemed somewhat impartial to the centralized cryptocurrency – though it has a policy in place in regards to not tipping its hand as to the next additions.

Coinbase has, however, announced its intention to support the ERC20 technical standard, which may imply the next additions to the platform will be altcoins built on Ethereum’s blockchain technology.

Unlike Coinbase, which acts as a more traditional cryptocurrency exchange, Uphold specializes in buying and converting different currencies, as well as safely storing them in a “cloud money vault.” The platform also allows its users to send currencies to other members internationally.

Uphold claims it currently holds $143.5 million in customer funds, most of which are comprised of US dollars and Bitcoin.

Uphold vs. Coinbase

A Good Choice?

The long-term investment value of Ripple has been a debate among experts.

Ripple co-founder Jeb McCaleb recently claimed investors should be concerned over the company’s centralized nature, noting how it is nearly impossible to run a node outside of Ripple Labs. Furthermore, the Ripple team runs the vast majority of the cryptocurrency’s nodes – despite claims that it operates with decentralized technology.

What do you think of Uphold’s addition of XRP to its platform? Do you think the cryptocurrency is a good investment, or are you concerned over its centralized nature? Let us know in the comments below!


Images courtesy of Uphold, AdobeStock

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Bře 22

UK’s New Taskforce Means Cryptocurrency is Here to Stay

· March 22, 2018 · 12:30 pm

The United Kingdom is ready to release the hounds on the cryptocurrency market, with a task force set to investigate both the benefits and the risks of digital currencies.


Taking Cryptocurrency to Task

Britain’s department of finance, the Treasury, unveiled its task force readied to weigh the pros and cons of cryptocurrencies.

The United Kingdom’s interest in investigating cryptocurrency stems from the desire to not fall behind their geopolitical and economic rivals. UK Finance Minister Philip Hammond stated:

I am committed to helping the sector grow and flourish, and our ambitious sector strategy sets out how we will ensure the U.K. remains at the cutting edge of the digital revolution.

However, the no-longer-interested-in-being-European country hasn’t been particularly pro-cryptocurrency, and that’s not likely to change. Rather, it’s likely more interested in co-opting blockchain technology for its own traditional financial institutions. Said Hammond:

As part of that, a new task force will help the U.K. to manage the risks around crypto assets, as well as harnessing the potential benefits of the underlying technology.

The task force includes the Bank of England and the Financial Conduct Authority — neither of which has shown support to Bitcoin and cryptocurrencies in the past. Earlier this month, Bank of England Governor Mark Carney — who has a long history of anti-cryptocurrency rhetoric — stated:

The short answer is: [cryptocurrencies are] failing. Cryptocurrencies are poor stores of value. Over the past 5 years, the daily standard deviation of Bitcoin was 10x that of sterling […] This extreme volatility reflects that the cryptocurrencies have neither intrinsic value nor external backing.

Whether the task force’s conclusions match Carney’s sentiment remains to be seen.

Building Bridges

Australia coat of amrs

Britain’s new cryptocurrency task force is but one part of the sovereign state’s financial technology strategy, which also includes penning a deal with Australia. The two countries’ “fintech bridge” will afford British firms the ability to sell their products and services in Australia, while both countries work together on crafting policies and regulation on digital currencies, blockchain technology, and fintech.

After signing the deal, Britain’s Innovate Finance and Australia’s Fintech Australia will advise the governments of both countries in matters relating to financial technology. Innovate Finance’s Charlotte Croswell claimed the “fintech bridge” is an “excellent opportunity” for both countries.

What do you think of the UK’s new cryptocurrency task force? Do you expect more FUD, or perhaps a little bit of FOMO? Let us know in the comments below!


Images courtesy of Wikipedia Commons, Pixabay, Shutterstock

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