Nasdaq May Become A Crypto Exchange

On an interview by CNBC, Nasdaq CEO, Adena Friedman revealed that the platform is open to becoming a cryptocurrency exchange platform in the future once the market matures and regulations are in place.

The CEO stressed that regulation is key before it would be implemented in the platform so that it would create a fair experience for investors.

She also added that ICOs need to be regulated as well and she concurs with the assessment of SEC that ICOs are securities and must be regulated as such.

It is interesting to note that Nasdaq has been very bullish about cryptocurrencies and have partnered with Gemini a cryptocurrency exchange platform giving them access to Nasdaq’s surveillance technology to ensure a fair and rule-based market trading.

Cisco Issued A Patent Applicable to Bitcoin Mining

The network technology giant, Cisco, has been granted a patent that could be applied to cryptocurrency mining.

The Patent was filed almost three years ago that describes a process by which computer users can share their unspent computing power for various computing application which includes apparently mining of cryptocurrencies.

Cisco noted that the system is scalable and robust against attacks.

Cisco is one of the many companies that have been researching how to leverage and exploit Blockchain technologies in the area of connected devices or Internet of Things.

It has also sought patents of systems that can track data for group chats.

Cryptocurrency Powered Islamic Microfinance Fund Launched In Indonesia

Blossom finance launched a cryptocurrency infused microfinance fund in Central Java, Indonesia that will enable international investors earn and invest on microfinance institution that are aimed to address the problem of poverty.

The company has partnered with a licensed venture capital company in the country, PBMT Ventura.

The new Fund will adhere to the BMT (Baital Mal wat Tamwil) model which services commercial financing, community-based savings, and focused in growth of local business.

It plans to cater to the “under-banked” citizens as well us businesses that are refused (due to certain criteria) service by conventional bank.

Brazilian Federation Of Banks Testing Blockchain

The Brazilian Federation of Banks, Febraban, which comprised of more than 120 associated banks is said to be actively studying the Blockchain technology.

The Federation is said to have participated in various test that have been carried out in different platforms.

A new event is being organized by the group called, CIAB Febraban, that will focus on Artificial intelligence, Machine learning, Blockchain, IOT and how this new technology affects the currency business environment of the financial sector.

It has said in a Blockchain event last year that its main focus as an organization is Blockchain technology that is allied with Artificial Intelligence (AI).

It further revealed that on a survey conducted by the federation in 2017 showed that 65% of companies are studying the applications of Blockchain in their businesses and 29% are already evaluating analytics and cognitive or artificial intelligence.

Zebpay Launches Crypto-to-Crypto Trading

One of the leading cryptocurrency exchange in India, Zebpay, has launched a crypto-to-crypto trading.

Zepay was established in 2015 and is headquartered in Mumbai, India.

It claims to be the most popular and largest crypto exchange in the country with over three million downloads in Android and iOS combined.

Crypto-to-crypto trading was launched after the Reserve Bank of India (RBI) bans banks and financial institutions from servicing crypto exchanges.

The move by the Reserve bank is acknowledged by Zebpay and said that the sudden disruption in banking services could affect withdrawals and deposits but have stated that they are committed in securing the assets of its customers and have already been looking into various option to mitigate the situation until such time that the services are restored.

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