The Mt. Gox bitcoin hack is probably the most vivid example of how fragile the cryptocurrency world has been in the near past. Mt. Gox was a bitcoin exchange based in Japan that handled over 70% of all bitcoin transactions around the world, and was the leading crypto exchange during 2010 - 2014. However, Mt.…
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LeapRate Exclusive… Stefan Deiss is the co-founder and CEO of BLOCKCHAIN PROPULSION, a global accelerator program designed to build start-ups and enterprises into successful blockchain-powered businesses. Stefan joins Leaprate today to talk about BLOCKCHAIN PROPULSION and the blockchain/cryptocurrency industry in Switzerland. LR: Hi, Stefan, happy to have you at Leaprate. As a start, could you…
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Kristalina Georgieva has become a household name in the financial industry. Mrs. Georgieva is a well-known Bulgarian economist and the sole contender for the role of Managing Director of the IMF. Since 2017, she has served as the Chief Executive of the World Bank and also as an Acting President of the World Bank Group…
Read moreExchange consolidation is not very common in today's international markets, it seems. However, this didn't stop the Hong Kong Exchange (HKEX) to make an unsolicited $36.6 billion offer for the London Stock Exchange (LSE). The takeover bid stunned the financial world, as many experts called the unsolicited bid "aggressive" and "unexpected". HKEX commented that the…
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Rod Kafer was a former Australian rugby union player for the Australian Wallabies. He served as the coaching director for the team, before joining Invast Global, a multi-asset prime brokerage company, as a Director of Prime Services. While the transition may seem rather surprising for some, Mr. Kafer actually worked in the financial services industry…
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The Gemini exchange has just launched the Gemini Custody, an institutional grade custody solution that includes 18 digital currencies, one of which is the Ethereum token. All users on the exchange will be able to trade the cold crypto storage in custody immediately. In addition, Gemini Custody will also support 18 other currencies that are…
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The buzz around Facebook's Libra stablecoin is gone off through the roof, as some might say. The truth is that the cryptocurrency project undertaken by Facebook has shaken regulatory bodies around the world so "violently" that they cannot simply decide if Libra is a huge opportunity or huge threat. However, there are certain details around…
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Binance, despite some bad luck in the past, continues to disrupt new crypto markets, as the latest move of the exchange is to launch a trading desk operation for the US market in the upcoming several weeks. This comes off as great news for US-based clients, as some were worried about Binance's strategy in the…
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While the UK FSA has had some ideas about how to approach the ever growing cryptocurrency, blockchain and overall the entire fintech industry, another financial regulatory body is taking serious steps to do the same thing. The Indonesian FSA, also known as OJK, has created an online registration platform so as to more efficiently oversee…
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The largest cryptocurrency exchange Binance is now launching a new USD-pegged stablecoin in the U.S. The more exciting news is that the new coin, called BUSD, has been approved by the New York Department of Financial Services or NYDFS. The other partner on the project is Paxos Trust Company. The Binance stablecoin will be pegged…
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