Switzerland crypto-friendly bank Sygnum in conjunction with cryptocurrency platform Coinify and Galaxus, Switzerlandâ€™s largest online successfully completed an e-commerce transaction using Sygnumâ€™s stablecoin.
Sygnum announced the news of the transaction via a press release on Thursday (August 27, 2020). According to the post, the e-commerce transaction was a world-first with the bankâ€™s stablecoin called Digital Swiss Franc (DCHF).
The e-commerce transaction conducted on the Galaxus online platform was enabled by Coinify. Also, the use of the stablecoin in the e-commerce sector connects customers and online retailers, while also eliminating fraud, lowering cost, and providing a simpler and faster payment process for customers. more
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the countryâ€™s third largest crypto exchange, over allegations it faked 99% of its trading volume.
According to a report from Seoul News, local police took control of Coinbitâ€™s headquarters in Gangnam as well as other sites elsewhere.
Police accuse the exchangeâ€™s owner Choi Mo and other managers of â€œwash tradingâ€. For about a year until May 2020, the process earned Coinbit 100 billion won ($84 million) in profit fraudulently, it said. more
Cardano (ADA), described by some as the â€˜Ethereum killer,â€™ plans to address the issues other cryptocurrency projects encounter with a platform thatâ€™s scalable, interoperable, and sustainable.
Cardano may give ADA, its crypto token, value for the long term with its aim of proof the platform. Hereâ€™s a comprehensive guide on how to buy the ADA token.
Where Can You Buy Cardano?
Cardanoâ€™s ADA token can be bought or traded on several exchanges, but HitBTC is the largest in terms of the trading volume. Huobi Global, Binance, Upbit, Dcoin, and CoinEx are also on the list of other larger volume exchanges where investors purchase or trade ADA. more
Amid the coronavirus pandemic, the University of Aizu in Japan has embraced crypto payment as an alternative to making cashless transactions. The initiative is being powered by a newly developed regional digital currency formed through a partnership between the University and a local finance startup called Soramitsu Co. Students can pay for items using the crypto in the schoolâ€™s premises. more
Taro Aso, Japanâ€™s finance minister, said blockchain could provide one possible solution to COVID contact tracing, emphasizing privacy.
Japanese Finance Minister Taro Aso suggested blockchain would be key in the worldâ€™s battle against the coronavirus pandemic as the technology can be used for contact tracing while ensuring privacy.
Aso gave the opening remarks for the Blockchain Global Governance Conference, also known as the FIN/SUM Blockchain & Business, on Aug. 24 in Tokyo. more