The Singapore Stock Exchange (SGX) has partnered with investment firm Temasek to explore the use of blockchain technology for the settling of asset trades. Temasek remains a prominent player in Singapore's expanding utilization of decentralized ledger technology (DLT) with several collaborations with both public and private establishments in the city-state.…
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Anthonia Isichei
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January 23, 2021 Altcoins
Deltec, the Tether (USDT) banker based in the Bahamas, says the popular stablecoin is fully-backed, downplaying long-standing reports of the integrity of its client’s reserves. The declaration is coming as both Tether and Bitfinex are submitting documents to the New York Attorney General (NYAG) concerning an $850 million embezzlement case from April 2019.
Tether is More than 100% Backed by Fiat Reserves
Appearing on an episode of Laura Shin’s Unchained Podcast, Gregory Pepin, deputy CEO at Deltec clarified Tether’s reserve status, stating:
“Every tether is backed by a reserve and their reserve is more than what is in circulation. We can see it first hand, so I can confirm that.”
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Anthonia Isichei
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January 20, 2021 Regulation
Thailand’s stock exchange is preparing to launch a new trading platform that would not include cryptocurrencies.
Crypto Exempted From SET’s Planned Trading Platform
According to the
Bangkok Post on Wednesday (Jan. 20, 2021) the Stock Exchange of Thailand (SET) announced plans to launch a digital assets trading platform. The upcoming platform will include different tokens except cryptocurrencies.
The Thailand bourse noted that the tokens must meet certain criteria before they would be listed on the platform. The requirements include:
“First, the token must have an underlying asset that investors can analyze on value. Second, it must be a valuable product that supports economic activities. Third, the product must have benefits to society and the environment.”
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Ogwu Osaemezu Emmanuel
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January 20, 2021 Regulation
The latest research report released by Messari has revealed that the Asian region still dominates the cryptocurrency markets, with China leading the pack, despite the country’s overly strict, albeit draconian digital assets regulation.
Asia Remains the World’s Crypto Giant
Japan’s mysterious Satoshi Nakamoto started the cryptocurrency movement and it’s not a surprise that 12 years down the line, the Asian continent still occupies the frontline in the revolution, with bitcoin (BTC)-hating China leading the pack.
Specifically, “Asia’s Crypto Landscape,” a report released by Messari analyst Mira Christanto, has revealed that the continent is still the world’s biggest crypto market and the Chinese people have found a way to trade digital currencies in spite of the existing blanket ban on exchanges by the government.
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Wayne Jones
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January 19, 2021 Altcoins
A Twitter user recently asked IOTA’s Mat Yarger about the Jaguar Land Rover partnership. Yarger, Head of Mobility and Automotive at the IOTA Foundation, said that the collaboration is still very active. He added that there would be some significant updates within the next two quarters, and he is pretty excited about it.
What to Expect on the Alliance
In the third quarter of 2020, the public distributed ledger (DLT) IOTA announced the IOTA Access‘s launch, an open-source framework that builds access control systems. An example is a car owner’s ability to enable someone to access and use their car remotely.