Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020

One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with six major banks. Dubbed “KYC Blockchain Consortium,” the new blockchain-powered regulatory platform is designed to accelerate processes like exchange of digital customer data and documents while ensuring security. The project also intends to bring a unified platform of KYC efforts among existing and future ecosystem members like qualified financial institutions and licensing…

Read More

Why FOSS Development Is Crucial for Bitcoin’s Mainstream Acceptance

Crypto likes to see itself as disruptive, just as Apple disrupted mobile phones (and the camera), Tesla disrupted automotive (and also sustainable energy), Twitter/Facebook/WhatsApp disrupted media and communications (and also digital community building). At OKCoin, we embrace this industry because we also believe that bitcoin and subsequent cryptocurrencies represent a paradigm shift in both our financial system and social fabric. While it’s unclear what this shift will look like, or if it will ever be static, there will always be a need for a technical and financial infrastructure that allows…

Read More

Binance Futures Weekly Volume Hits Record $16B

Binance Futures has doubled its weekly trading volumes since the start of the year, according to a recent report published on Binance blog. Binance Futures Weekly Volume Exceeds $16 Billion The platform was launched six months ago and has managed to increase its weekly volumes from under $50 million to over $16 billion as of February 10. The expansion was possible thanks to several factors, including the introduction of new products. The growth of Binance Futures comes amid a competitive market. Other major players, including Bakkt and Bitfinex, recently launched Bitcoin…

Read More