Rehan Yousaf | AllStocks Network

Ripple Summarizes 2019: Facebook Libra Surprise and RippleNet’s Record Growth

Posted on December 30, 2019December 30, 2019 by Rehan Yousaf

A new edition of ‘The Ripple Drop’ has been released and the Ripple team has come together to offer their insights on many of the happenings that defined the crypto calendar of 2019. To start with, the edition captured a discussion on the launch of Facebook Libra and the stunning growth of RippleNet in the year 2019. Sometime in the middle of 2019, the whitepaper of Libra was revealed for public readership around the world….

Swiss President: Central Banks Won’t Accept Libra Cryptocurrency in Current Form

Posted on December 30, 2019December 30, 2019 by Rehan Yousaf

After meeting a list of obstacles in an attempt to pass regulations for its ambitious Libra cryptocurrency project, Facebook has been set back in their goal to launch it in 2020. Switzerland’s president, Ueli’ Maurer, has expressed disappointment in the project as Facebook’s team continues its efforts to seek regulatory approval within the country. Ueli’ Maurer has called Facebook’s project a failure in the present state of the cryptocurrency and has stated that in order…

New on Rakuten Wallet: Conversion of Loyalty Points to Cryptocurrency

Posted on December 29, 2019December 29, 2019 by Rehan Yousaf

Rakuten Wallet, a cryptocurrency exchange of Rakuten Group, created a service in which the loyalty points that crypto users gain from Rakuten Group (called Rakuten Super Points) can be converted into crypto assets of the available cryptocurrencies on the platform. The announcement was made on December 24th regarding the new service on the official Rakuten Wallet app which allows the users to convert their Rakuten Super Points into crypto assets available on the Rakuten Wallet…

CipherTrace Forms New Partnership to Fight Modern-Day Slavery Exploiting Crypto

Posted on December 26, 2019December 26, 2019 by Rehan Yousaf

CipherTrace, one of the leading crypto cybersecurity firms in the industry, has partnered with the newly formed Anti-Human Trafficking Intelligence Initiative (ATII) to combat human trafficking. Leading the effort is Pamela Clegg, the current director of financial investigations and education at CipherTrace. She will be supplemented by the advisory board of ATII, a conglomerate of veterans with significant experience in anti-human trafficking field. The new partnership entails cracking down on money laundering and illicit activities…

Chinese Official Affirms Expansion of Blockchain Cross-Border Pilot Program

Posted on December 26, 2019December 26, 2019 by Rehan Yousaf

Lu Lei, China’s deputy head of the State Administration of Foreign Exchange (SAFE), recently engaged with stakeholders at a conference in Beijing where he said that the state agency is currently considering expanding the blockchain pilot to facilitate an enhanced integration of fintech and foreign exchange markets. Lei said that in order to expand its blockchain cross-border platform across global forex markets, the government will undertake a prospective study to assess and evaluate regulatory measures…

Blockchain Company NULS Hacked; $480K Worth Tokens Stolen

Posted on December 25, 2019December 25, 2019 by Rehan Yousaf

NULS, an open source blockchain-powered platform, posted a security update notice on their social media account on Twitter on 23rd December. NULS announced that the security team at the company has recently detected an account belonging to NULS that was attacked by black hat hackers and resulted in a total loss of 2 million NULS tokens, which would be equivalent of $480,000 US dollars. The blockchain firm further details that among the digital currency lost…

Ripple Raises $200 Million in a Bid to Accelerate XRP Adoption

Posted on December 24, 2019December 24, 2019 by Rehan Yousaf

Ripple, the company behind the XRP cryptocurrency, disclosed that it has raised $200 million in a Series C funding round that was led by Tetragon. Major participants included SBI Holdings and Route 66 Ventures. The funding represents an active effort on part of Ripple to enhance XRP adoption to broader audiences. The company is reportedly valued at $10 billion now. It rose to prominence in 2017 when XRP witnessed a massive growth in terms of…

Muslim Nations Float the Idea of Common Cryptocurrency to Counter USD

Posted on December 24, 2019December 24, 2019 by Rehan Yousaf

Participating members of the Kuala Lumpur Summit last week have proposed a united cryptocurrency for Muslim nations. The key idea behind such a digital asset would be to manage and administer financial resources without relying too much on the U.S. dollar. The Iranian president, Hassan Rouhani, speaking at the Kuala Lumpur Summit 2019 round-table session said about the idea of a Muslim digital currency: “In the past, Prime Minister Dr. Mahathir Mohamad was seeking to…

US Congress Examines ‘Crypto-Currency Act of 2020′ to Define Agencies’ Role

Posted on December 22, 2019December 23, 2019 by Rehan Yousaf

U.S. Congress has been looking at regulatory measures for cryptocurrencies since the inception of Facebook’s Libra project, and has now created a draft of a proposed bill called ‘Crypto-Currency Act of 2020’. The bill will be used to categorize Federal agencies and what specific digital assets they regulate in order to make it easier for them to inform the public of Federal licenses, documents, certificates or any other registrations to develop or trade crypto assets….

Crypto Startup Blockchain of Things Settles Unregistered ICO Case for $250K

Posted on December 21, 2019December 21, 2019 by Rehan Yousaf

Blockchain of Things Inc. (BCOT), a crypto startup that provides enterprise software to organizations, was charged for introducing an initial coin offering (ICO) despite not being registered. The firm has been making efforts to settle on an agreement with the U.S. Securities and Exchange Commission (SEC) as the company will be paying $250,000 to the regulatory agency. Blockchain of Things has agreed to refund its investors as per a legal order assigned on Wednesday. All…