Industry Watch 24 March, 2018

Nami | Daily Crypto News 24.03.2018

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Bussiness Insider: Santander is set to launch an international money transfer app with Ripple

Santander UK CEO: “This spring, if not one beats us to it, we will be the first large retail bank to carry out cross-border payments at scale with blockchain technology.” Consumer app in partnership with Ripple set to be launched to customers in Spain, Brazil, UK, and Poland.

Nikkei Asian Review: Yahoo Japan to open cryptocurrency exchange

In a move that may touch off a realignment in the cryptocurrency exchange business, Yahoo Japan next month will acquire 40% of operator BitARG Exchange Tokyo, then launch a full-blown exchange in April 2019 or later.

Bloomberg: Telegram On Track to Push Its Cryptocurrency Sale to $1.7 Billion

Messaging service Telegram Group Inc., which smashed the world record for selling a new cryptocurrency in February, is on track to raise another $850 million as its initial coin offering extends toward a third month, according to three people familiar with the matter.

Bloomberg: World’s Biggest Cryptocurrency Exchange Is Heading to Malta

Binance to announce banking partnership in Malta: Zhao. Move to Europe comes after crackdowns in Japan, China.

Forbes: Arizona Becomes First U.S. State To Launch Regulatory Sandbox For Fintech

Arizona has become the first state in the U.S. to adopt a “regulatory sandbox” to shepherd the development of new emerging industries like fintech, blockchain and cryptocurrencies within its borders.

CNBC News: Ripple co-founder: Cryptocurrency needs a decentralized network to be successful

Cryptocurrency and the underlying blockchain technology need a decentralized network in order to be successful in the long term, says Ripple co-founder Jed McCaleb. “The real vision is that you have a network, much like the internet, that anyone can participate in,” says McCaleb, who also co-founded Stellar. Stellar’s currency, unlike Ripple’s, is an “internet-level protocol” that is not controlled by one centralized network, he says.

FILE PHOTO: A gas station attendant pumps fuel into a customer’s car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song/File Photo

Reuters: Danske Bank Recommends Customers Not To Invest In Cryptocurrencies

Danske Bank A/S says has a negative position towards cryptocurrencies and strongly recommends that its customers refrain from investing in the field.

Coin Telegraph: Reddit Reportedly Removes Bitcoin As Payment, Cites ‘Coinbase Change’

Reddit has reportedly removed the option for users to pay for their premium membership program, Reddit Gold, in Bitcoin (BTC) citing “The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option.”

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