BLOCKCHAIN

NBA Partners With Firm Behind CryptoKitties for Crypto Collectible Game

[ad_1] The United States National Basketball Association (NBA) and its affiliated union — the National Basketball Players Association (NBPA) — have partnered with Dapper Labs of CryptoKitties-fame to release a new crypto collectibles game.According to an official announcement on the NBPA website, the upcoming game is scheduled to launch in early 2020.The game, called NBA Top Shot, will be a roster-building competitive game that is based on crypto collectibles. According
BLOCKCHAIN

Arizona to Test Marijuana-Oriented Stablecoin in State Fintech Sandbox

[ad_1] The state of Arizona has accepted a blockchain-based, cannabis industry-oriented payments solution into its fintech sandbox.According to a recent press release from the Office of the Attorney General, the company — called Alta — is a cash management solution for licensed medical marijuana providers and vendors. The Arizona-based financial services startup intends to offer a stablecoin that is pegged 1:1 with the United States dollar. During its sandbox testing phase,
Business

US Fed Rate Cuts Are Helping Bitcoin

[ad_1] Fundstrat Global Advisors co-founder Tom Lee believes that recent interest rate cuts in the United States by the Federal Reserve are a boon for Bitcoin (BTC).  Lee remarked on how the rate cuts positively impact Bitcoin investment in an interview with Fox Business on July 31, saying:“Bitcoin’s becoming increasingly a macrohedge for investors against things that could go wrong. Rate cuts are adding liquidity. Liquidity is pushing money into all
BLOCKCHAIN

US Security Token Platform Adds New Policies to Comply with FinCEN

[ad_1] Security tokens platform TokenSoft has officially added Know Your Business (KYB) services following a successful alpha test in 2018.The San Francisco-based token issuance platform said in a press release on July 31 that the KYB feature was added in order to enhance customer due diligence (CDD) requirements in compliance with an amendment to the Bank Secrecy Act.Per the press release, the KYB test launched on the eve of the
Business

Judge Dismisses Libel Suit Against Roger Ver Over Lack of Jurisdiction

[ad_1] A Justice of the High Court of England and Wales has dismissed a libel lawsuit against Bitcoin Cash (BCH) proponent and Bitcoin.com CEO Roger Ver. Justice Matthew Nicklin of the Queen’s Bench Division threw out the case earlier this week, according to a decision published on July 31.Back in May, Craig Wright — an Australian computer scientist who claims he is Satoshi Nakamoto, the creator of Bitcoin — served
Business

Bittrex Launches Crypto Platform for Middle East Following New Partnership

[ad_1] Bittrex cryptocurrency exchange is partnering with Bahrain-based crypto exchange and custodian provider Rain Management WLL to launch a digital asset trading platform for customers in the Middle East and North Africa (MENA).The new platform will purportedly combine Rain’s staff and expertise in the MENA region with Bittrex’s technology and security infrastructure, according to an announcement on July 31. The platform will offer all the tokens that are currently available on