LiteLink Technologies Subsidiary uBUCK Technologies Completes Second Tranche of Private Placement to Fuel Growth

VANCOUVER , Jan. 27, 2020 /CNW/ – LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the second tranche of a non-brokered, non-dilutive private placement previously announced on September 23, 2019 . Under the second tranche, uBUCK issued 1,000,000 …

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One of World’s Richest Firms Joins Blockchain Trade Platform Vakt After $5M Investment

The investment arm of one of the biggest firms in the world by revenue – oil giant Saudi Aramco – has made a $5 million investment in Vakt, a commodities post-trade processing platform based on blockchain tech. Announced in a press release Tuesday, Saudi Aramco Energy Ventures (SAEV) now joins 11 other investors in Vakt. …

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Bitcoin Rallies to Near $9,150 as Stocks Drop Over Coronavirus Fears

Bitcoin is maintaining its upward trajectory as coronavirus-led risk aversion hits the traditional markets. The top cryptocurrency by market value crossed the 200-day moving average at $9,000 during Tuesday’s Asian trading hours and rose to a high of $9,150, pushing the cumulative month-to-date gains to over 25 percent. At press time, bitcoin is changing hands …

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Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client

The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes. Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a …

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Opporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public Defense

The founder of blockchain marketplace Opporty has said the Securities and Exchange Commission’s (SEC) legal case against the firm could have repercussions for other crypto companies. In an eight-page open letter to the crypto community Tuesday, founder Sergii “Sergey” Grybniak claims the firm followed all regulatory guidance available at the time of its 2017–2018 initial …

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Ripple’s XRP ‘Expected to See a Major Devaluation’: Boom Bust Anchor

In a recent episode of Boom Bust, anchor Christy Ai, stated that we’re “expected to see a major devaluation” of Ripple’s XRP asset, following a discussion about the company’s IPO announcement. XRP is ‘Not Worth’ its Current Price Based on Ripple’s generation of financing over the years by selling actual XRP, the IPO may strike …

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Singapore Announces New AML Rules for Crypto Businesses

The Monetary Authority of Singapore (MAS) is updating its regulatory framework for digital payments. Announced Tuesday, Singapore’s Payment Services Act 2019 (PSA) brings so-called Digital Payment Token (DPT) services – effectively covering all crypto businesses and exchanges based in Singapore – under current anti-money laundering (AML) and counter-terrorist-financing (CTF) rules. As such, crypto businesses in …

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Gemini Hires Former Circle Compliance Officer to Oversee European Market

Cryptocurrency exchange Gemini has hired former Circle compliance officer Blair Halliday as chief compliance officer and money-laundering reporting officer for the U.K. and Europe, the company announced Tuesday. Halliday will report to Gemini’s managing director of U.K. and Europe, Julian Sawyer, and will work closely with the firm’s NYC-based chief compliance officer, Noah Perlman, who …

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Deutsche Bank Says Digital Currencies Could Be Mainstream in 2 Years

A digital currency could see widespread adoption within the next few years, a new report by Deutsche Bank suggests. Published Monday, the Deutsche Bank report said digital currencies, while only a decade old, have already been shown to have the “potential to radically change payments, banking, central banking and the balance of economic power.” “We …

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